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ST晨鸣(000488) - 独立董事候选人声明与承诺(张志元)

2025-10-10 11:31
声明人张志元,作为山东晨鸣纸业集团股份有限公司第十一届董事会独立董事候选 人,已充分了解并同意由提名人山东晨鸣纸业集团股份有限公司董事会提名为山东晨鸣 纸业集团股份有限公司(以下简称"该公司")第十一届董事会独立董事候选人。现公开 声明和保证,本人与该公司之间不存在任何影响本人独立性的关系,且符合相关法律、 行政法规、部门规章、规范性文件和深圳证券交易所业务规则对独立董事候选人任职资 格及独立性的要求,具体声明并承诺如下事项: 一、本人已经通过山东晨鸣纸业集团股份有限公司第十届董事会提名委员会或者独 立董事专门会议资格审查,提名人与本人不存在利害关系或者其他可能影响独立履职情 形的密切关系。 证券代码:000488 200488 证券简称: ST 晨鸣 ST 晨鸣 B 公告编号:2025-059 山东晨鸣纸业集团股份有限公司 独立董事候选人声明与承诺 ☑ 是 □ 否 二、本人不存在《中华人民共和国公司法》第一百七十八条等规定不得担任公司董 事的情形。 ☑ 是 □ 否 如否,请详细说明:_____________________________ 三、本人符合中国证监会《上市公司独立董事管理办法》和深圳证券交易所 ...
ST晨鸣(000488) - 关于董事会换届选举的公告

2025-10-10 11:31
证券代码:000488 200488 证券简称: ST 晨鸣 ST 晨鸣 B 公告编号:2025-058 山东晨鸣纸业集团股份有限公司 独立非执行董事候选人张志元先生、罗新华先生、万刚先生已取得独立董事资格证 书,孔鹏志先生尚未取得独立董事资格证书,但已书面承诺参加最近一次上市公司独立 董事培训并取得深圳证券交易所认可的独立董事资格证书。独立非执行董事候选人尚需 经深圳证券交易所审核无异议后方可提交公司 2025 年第一次临时股东大会审议。股东大 会将采用累积投票制进行表决,当选董事将与公司职工代表大会选举产生的 1 名职工代 表董事(执行董事)共同组成第十一届董事会,任期三年,自股东大会审议通过之日起 计算。 公司第十一届董事会董事候选人中兼任公司高级管理人员以及由职工代表担任的董 事人数总计不会超过董事总数的二分之一,独立非执行董事人数不低于董事会成员总数 的三分之一。 二、其他说明 为确保公司董事会的正常运作,根据《公司法》、《公司章程》的规定,在新一届董 事就任前,公司第十届董事会全体成员及高级管理人员将依照法律、行政法规和《公司 章程》的规定继续履行董事及高级管理人员勤勉尽责的义务和职责。 关于董事 ...
ST晨鸣(000488) - 关于召开2025年第一次临时股东大会的通知

2025-10-10 11:30
证券代码:000488 200488 证券简称: ST 晨鸣 ST 晨鸣 B 公告编号 2025-054 山东晨鸣纸业集团股份有限公司 关于召开 2025 年第一次临时股东大会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整,没有虚假记载、误导 性陈述或重大遗漏。 1、股东大会届次:山东晨鸣纸业集团股份有限公司2025年第一次临时股东大会 2、会议召集人:公司董事会 本次股东大会的召开已经公司第十届董事会第二十一次临时会议审议通过。 3、会议召开的合法性、合规性:本次股东大会会议召集、召开符合有关法律、行政法 规、部门规章、规范性文件和《公司章程》等相关规定。 4、会议召开的日期、时间: (1)现场会议召开时间:2025 年 10 月 28 日 14:00 (2)网络投票时间为: 采用交易系统投票的时间:2025 年 10 月 28 日 9:15—9:25,9:30—11:30 和 13:00—15:00 采用互联网投票的时间:2025 年 10 月 28 日 9:15—15:00 5、会议的召开方式:本次股东大会采用现场表决与网络投票相结合的方式 6、股权登记日:A 股股权登记日为 2025 ...
ST晨鸣(000488) - 第十届董事会第二十一次临时会议决议公告

2025-10-10 11:30
本公司及董事会全体成员保证信息披露的内容真实、准确、完整,没有虚假记载、 误导性陈述或重大遗漏。 山东晨鸣纸业集团股份有限公司(以下简称"公司")第十届董事会第二十一次临 时会议通知于 2025 年 10 月 5 日以书面、邮件方式送达各位董事,会议于 2025 年 10 月 10 日以通讯方式召开。会议应参加董事 10 人,实际参加董事 10 人。本次董事会的召开 符合国家有关法律、法规和《公司章程》的规定。 与会董事认真审议了本次会议的各项议案,形成会议决议如下: 一、审议通过了《关于调整公司治理结构并修订<公司章程>的议案》 为全面贯彻落实新《中华人民共和国公司法》及其配套规则要求,进一步提升公司 规范运作水平,完善治理结构,根据《中华人民共和国公司法》、中国证券监督管理委员 会《关于新<公司法>配套制度规则实施相关过渡期安排》、《上市公司章程指引》等法律 法规、规范性文件的规定,公司拟调整治理结构,不再设置监事会和监事,监事会的职 权由公司董事会审计委员会承接,与监事会相关的公司制度相应废止,同时,公司结合 实际情况,拟对《公司章程》进行相应修订。 该议案尚需提交公司 2025 年第一次临时股东大会审 ...
晨鸣纸业(01812) - 海外监管公告

2025-10-10 10:46
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責,對其準確性 或完整性亦不發表任何聲明,並明確表示,概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 山東晨鳴紙業集團股份有限公司 SHANDONG CHENMING PAPER HOLDINGS LIMITED* (於中華人民共和國註冊成立的股份有限公司) (股份代號:1812) 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列山東晨鳴紙業集團股份有限公司在深圳證券交易所網站刊登日期為二零 二五年十月十日的「山東晨鳴紙業集團股份有限公司第十屆董事會第二十一次臨 時會議決議公告」、「山東晨鳴紙業集團股份有限公司關於為控股子公司提供擔 保的公告」、「山東晨鳴紙業集團股份有限公司獨立董事候選人聲明與承諾(張志 元)」、「山東晨鳴紙業集團股份有限公司獨立董事候選人聲明與承諾(羅新華)」、 「山東晨鳴紙業集團股份有限公司獨立董事候選人聲明與承諾(萬剛)」、「山東晨 鳴紙業集團股份有限公司獨立董事候選人聲明與承諾(孔鵬志)」、「山東晨鳴紙業 集團股份有限公司獨立董事提名 ...
2025年1-7月中国机制纸及纸板(外购原纸加工除外)产量为9362.3万吨 累计增长3.6%
Chan Ye Xin Xi Wang· 2025-10-01 02:40
数据来源:国家统计局,智研咨询整理 知前沿,问智研。智研咨询是中国一流产业咨询机构,十数年持续深耕产业研究领域,提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力,专注于提供完善的产业解决方案,为您的投资决策赋能。 根据国家统计局数据显示:2025年7月中国机制纸及纸板(外购原纸加工除外)产量为1394万吨,同比增 长4.8%;2025年1-7月中国机制纸及纸板(外购原纸加工除外)累计产量为9362.3万吨,累计增长3.6%。 2020-2025年1-7月中国机制纸及纸板(外购原纸加工除外)产量统计图 上市企业:太阳纸业(002078),晨鸣纸业(000488),博汇纸业(600966),岳阳林纸(600963),山鹰国 际(600567),恒丰纸业(600356) 相关报告:智研咨询发布的《2025-2031年中国造纸行业市场调查研究及发展前景展望报告》 ...
晨鸣纸业(01812) - 股份发行人的证券变动月报表

2025-09-30 08:01
股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致:香港交易及結算所有限公司 公司名稱: 山東晨鳴紙業集團股份有限公司 呈交日期: 2025年9月30日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 000488 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,706,765,684 | RMB | | 1 RMB | | 1,706,765,684 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 1,706,765,684 | RMB | | 1 RMB | | 1,706,765,684 | | 2. 股份分類 | 普通股 | 股份類別 | ...
星月“胶”辉之双胶期货系列报告(十):长短变量的交锋
Guo Tai Jun An Qi Huo· 2025-09-24 10:01
Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - Although the price of double-offset paper may hit a new low and enter the era starting with "3", in the short term, it is not advisable to be overly bearish on the futures price of double-offset paper, and the consensus expectation may reverse [3][7][51]. - The current futures price of double - offset paper is in a state of "low valuation + short - term bullish drivers + medium - to - long - term bearishness". Downward trading has limited value, and short - term traders can consider buying on dips, with an expected price fluctuation range of 4,100 - 4,500 yuan/ton [4][53]. Summary by Directory 1.上市以来的行情回顾 - After listing, the futures price of double - offset paper has maintained an overall oscillating trend, with the fluctuation range generally concentrated between 4,100 - 4,300 yuan/ton. The current futures market has fully priced in the long - term oversupply expectation, but this long - term downward pressure has not been transmitted to the spot market. The quotes of mainstream brands are relatively firm, and the decline is relatively limited. The expected return from selling for delivery currently cannot cover the opportunity cost in the spot market [8][51]. 2. 空头的核心逻辑是什么? 2.1 产能持续投放 - In the medium to long term, the industry's production capacity has been continuously increasing, leading to severe overcapacity. The overall industry production capacity is estimated to be in the range of 16 - 18 million tons. It is expected that 950,000 tons of cultural paper will be put into production in the second half of 2025, accounting for about 5% - 6% of the current production capacity, and 1.43 million tons in 2026. Additionally, a southern paper mill plans to put into production a double - offset paper production line with a capacity of 1.2 million tons from the end of 2026 to the beginning of 2027 [14]. 2.2 需求见顶下滑 - The consumption of double - offset paper is mainly affected by the "one textbook and one supplementary material" policy and the population cycle. From January to July 2025, the cumulative consumption of double - offset paper was 4.52 million tons, a year - on - year decrease of 19%. Grassroots research shows that the consumption of off - campus supplementary teaching materials has decreased by 30% - 50% in different provinces. The number of compulsory education students has declined, and this downward trend is expected to continue in 2025 [16]. 2.3 晨鸣复工影响 - Recently, Shouguang Chenming has accelerated its resumption of work and production. After the successful start - up of Factory 6, the Meilun Chemical Pulp Factory and the paper production lines of Factories 5 and 9 have also been successfully put into operation. Factory 6 has a production capacity of about 160,000 tons, Factory 5 about 500,000 tons, Factory 9 about 400,000 tons, and the pulp line about 1.2 million tons. Other paper production lines will also be gradually started, increasing the overall industry supply pressure [18]. 2.4 成本和价格的负反馈 - The cost of double - offset paper includes raw materials (wood pulp) and papermaking costs, which are greatly affected by factors such as formula, wood pulp price, and integration level. As paper prices decline, paper mills have adjusted their formulas to reduce costs. The mainstream cost - reduction paths include reducing the proportion of commercial pulp and increasing the proportion of chemimechanical pulp, as well as reducing the proportion of softwood pulp and increasing the proportion of chemimechanical pulp and hardwood pulp. The estimated cash cost of mainstream natural - white double - offset paper is in the range of 3,600 - 4,200 yuan/ton. If a company has a high degree of integration, it can still make a profit [21][22]. 3. 是否存在尚未交易的潜在利多? 3.1 教辅教材需求的边际改善 - The consumption of double - offset paper used for supplementary teaching materials has obvious seasonal characteristics. September to November is the peak season for tendering of supplementary teaching materials. Usually, the consumption of double - offset paper shows a seasonal month - on - month improvement during this period, and prices tend to have a phased rebound around the National Day. In 2024, the price did not rebound significantly due to the impact of policies and population. Since September 2025, the weekly sales volume of double - offset paper has increased from 157,000 tons to 167,000 tons, showing an obvious month - on - month improvement [25][28]. 3.2 浆价提涨带动预期有所改变 - In the short term, the price of imported hardwood pulp has been continuously rising, and the downward space for softwood pulp prices is limited, which has changed the bearish sentiment in the downstream market. The current pulp price is close to the full cost of Suzano's pulp. South American pulp companies led by Suzano have a strong willingness to raise prices and have started to actively cut production to support prices. Since the second quarter of 2025, many pulp mills have shut down or plan to shut down in the future due to economic reasons, and the shutdown capacity of commercial pulp has increased rapidly. The inventory days of softwood pulp in pulp mills are at a historical high, while the inventory days of hardwood pulp are relatively low, with certain price - increasing ability. Recently, as the price of hardwood pulp has rebounded from the bottom, the profit of paper mills has further declined, which has changed the expectations of some practitioners and weakened the bearish sentiment, thus boosting demand to some extent [31][36][40]. 3.3 交割利润修复 - In the short term, the 2601 contract is still far from the delivery date. It is believed that the paper price is unlikely to continue to decline in the short term, and the futures - spot convergence may be achieved by the futures price moving closer to the spot price. Based on the current delivery cost calculation, the current futures price is significantly undervalued. As the delivery date approaches, the repair of delivery profit may drive the futures price to rebound [42][43]. 3.4 长期变量中仍有利多 - There is still room for improvement in per - capita consumption. China's per - capita consumption of double - offset paper is about two - thirds of that in Japan. The decline in double - offset paper consumption cannot be linearly extrapolated, and the degree of overcapacity may be overestimated. Supplementary teaching materials are only one of the end - products of double - offset paper, and the decline in their consumption does not represent weak demand for social books. As of 2023, the overall print volume of social books has still been increasing. As of August 2025, the cumulative year - on - year increase in the added value of China's printing and recording media reproduction industry above the designated size was +1.3%. Double - offset paper machines can be used to produce other paper types, which may lead to an overestimation of the effective production capacity of double - offset paper and an underestimation of the overall capacity utilization rate [44][47][49]. 4. 总结和策略展望 - Although the price of double - offset paper may hit a new low, in the short term, it is not advisable to be overly bearish on the futures price. The short - term marginal improvement of short - term variables may drive the futures price to have a phased rebound before a significant decline. The current futures price is in a state of "low valuation + short - term bullish drivers + medium - to - long - term bearishness", and short - term traders can consider buying on dips, with an expected price fluctuation range of 4,100 - 4,500 yuan/ton [53].
A股上市纸企上半年过得怎么样?“冰火两重天”!
Sou Hu Cai Jing· 2025-09-22 15:38
Core Insights - The A-share listed paper companies in China reported a significant decline in revenue and profit for the first half of 2025, with total revenue of 91.647 billion yuan and total profit of only 64 million yuan, indicating a challenging operating environment for the industry [1][4][13] Revenue Summary - A total of 27 listed paper companies reported revenues exceeding 2 billion yuan, with 19 companies achieving revenues over 10 billion yuan, representing 70.37% of the total [4] - The revenue of the top two companies, Sun Paper and Shanying International, was 19.113 billion yuan and 13.842 billion yuan respectively, while Chenming Paper's revenue dropped to 2.107 billion yuan due to production line maintenance [4][5] - 14 companies experienced revenue growth, accounting for 51.85% of the total, a decrease from 64.29% in the previous year [5] Profit Summary - The total profit for the 27 listed paper companies was only 64 million yuan, a drastic drop from 4.385 billion yuan in the same period last year, with 24 companies remaining profitable [8][9] - Sun Paper led the profit rankings with 1.78 billion yuan, while 10 companies reported profits exceeding 100 million yuan, a decrease of one company compared to the previous year [8][9] - 15 companies saw a decline in net profit, with 3 companies experiencing losses, the most significant being ST Chenming with a net loss of 3.858 billion yuan [9][10] Industry Trends - The paper industry is facing a "ice-fire two重天" situation, with production increasing but profits declining due to supply-demand imbalances and high costs [13] - The production of mechanical paper and paperboard in China increased by 3.2% in the first half of 2025, but the revenue for the paper and paper products industry decreased by 2.3% [13] - Leading companies like Sun Paper and Xianhe Co. are focusing on integrated operations to mitigate cost pressures and enhance profitability [13][14]
晨鸣纸业:目前公司寿光基地已全部恢复生产
Bei Jing Shang Bao· 2025-09-22 12:51
北京商报讯(记者张君花)9月22日,晨鸣纸业在投资者互动平台表示,目前公司寿光基地已全部恢复生 产;黄冈基地、江西基地二厂正常生产;江西基地一厂、吉林基地、湛江基地当前仍在停机检修,争取 尽快恢复生产。 ...