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ST晨鸣:目前公司寿光基地已全部恢复生产
Zheng Quan Shi Bao Wang· 2025-09-22 03:42
Group 1 - The company ST Morning (000488) has announced that its Shouguang base has fully resumed production [1] - The Huanggang base and Jiangxi base (second factory) are operating normally [1] - The Jiangxi base (first factory), Jilin base, and Zhanjiang base are currently under maintenance, with efforts to resume production as soon as possible [1]
趋势研判!中国石墨热敏纸行业概述、产业链、发展现状、企业分析及未来前景展望:电子商务与物流业的爆发式增长,带动石墨热敏纸行业需求增长[图]
Chan Ye Xin Xi Wang· 2025-09-22 01:04
Core Viewpoint - The demand for graphite thermal paper in China has been continuously growing due to the explosive growth of e-commerce and logistics, the upgrade in demand for high-precision thermal paper in sectors like healthcare and finance, and the shift towards environmentally friendly products driven by regulatory policies [1][10]. Industry Overview - Graphite thermal paper is a specialized type of thermal paper made from graphite powder and thermal materials, which exhibits specific color changes when heated. It is widely used in labels, receipts, medical applications, logistics, and electronic communications [4][5]. - The production of graphite thermal paper involves a supply chain that includes raw materials such as graphite, thermal resins, color developers, and base paper, which are processed into high-quality products through advanced manufacturing techniques [5][6]. Market Demand and Growth - The production volume of graphite thermal paper in China is projected to reach 172,000 tons in 2024, representing a year-on-year increase of 10.6% [1][11]. - The rapid growth of the logistics sector, particularly in e-commerce, has significantly increased the demand for thermal paper labels, with the express delivery volume expected to reach 95.64 billion pieces in the first half of 2025, a year-on-year growth of 19.3% [9][10]. Competitive Landscape - The Chinese graphite thermal paper industry features numerous participants, including large international companies and many regional small and medium-sized enterprises. Major companies include Guangdong Crown High-tech Co., Ltd., Shandong Chenming Paper Group Co., Ltd., and Xianhe Co., Ltd. [12][13]. - Guangdong Crown High-tech Co., Ltd. reported a revenue of 1.905 billion yuan from thermal paper and sublimation paper in 2024, reflecting a year-on-year increase of 12.18% [13]. Development Trends - Technological innovation is expected to drive product upgrades, with the application of nanotechnology enhancing the heat resistance, stability, and durability of graphite thermal paper [14]. - Environmental regulations are prompting companies to adopt greener production methods, which may lead to the elimination of non-compliant firms and an overall improvement in the industry's environmental standards [15]. - The demand for graphite thermal paper is diversifying, with stable growth anticipated in the financial sector and increasing needs in logistics, healthcare, and retail, driven by advancements in smart manufacturing and Industry 4.0 [16].
人民币升值受益板块9月17日涨0.71%,景兴纸业领涨,主力资金净流出5.14亿元





Sou Hu Cai Jing· 2025-09-17 09:04
Core Insights - The appreciation of the Renminbi has positively impacted certain sectors, with the Renminbi appreciation beneficiary sector rising by 0.71% compared to the previous trading day [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] Sector Performance - Leading stocks in the Renminbi appreciation beneficiary sector include: - Jingxing Paper (002067) with a closing price of 6.51, up 9.97% and a trading volume of 166,700 shares, totaling a transaction value of 109 million yuan [1] - China Eastern Airlines (600115) closed at 4.20, up 4.48% with a trading volume of 2,430,400 shares, totaling 1 billion yuan [1] - Southern Airlines (600029) closed at 6.23, up 2.98% with a trading volume of 1,246,400 shares, totaling 770 million yuan [1] Fund Flow Analysis - The Renminbi appreciation beneficiary sector experienced a net outflow of 514 million yuan from institutional investors, while retail investors saw a net inflow of 467 million yuan [2] - Notable fund flows include: - China Eastern Airlines with a net outflow of 50.94 million yuan from institutional investors and a net inflow of 34.51 million yuan from retail investors [3] - Jingxing Paper had a net inflow of 43.02 million yuan from institutional investors, but a net outflow of 24.24 million yuan from retail investors [3]
晨鸣纸业(01812) - 海外监管公告

2025-09-16 13:52
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* 中國,山東 二零二五年九月十六日 於本公告日期,執行董事為胡長青先生、李興春先生、李峰先生及李偉先先 生;非執行董事為韓亭德先生及李傳軒先生;及獨立非執行董事為尹美群女士、 孫劍非先生、楊彪先生及李志輝先生。 * 僅供識別 (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 五年九月十五日的「山東晨鳴紙業集團股份有限公司投資者關係活動記錄表」,僅 供參閱。 承董事會命 山東晨鳴紙業集團股份有限公司 胡長青 主席 编号:2025-003 证券代码:000488、200488 证券简称:ST 晨鸣、ST 晨鸣 B 山东晨鸣纸 ...
ST晨鸣寿光基地已全面复工 但行业供需矛盾和产能闲置仍拖慢复苏脚步
Mei Ri Jing Ji Xin Wen· 2025-09-16 12:41
Core Viewpoint - ST晨鸣 is facing significant challenges despite recent recovery efforts, with ongoing operational issues and a heavy debt burden impacting its ability to fully recover [1][2][3] Company Situation - ST晨鸣 has resumed operations at its Shouguang base, while the Huanggang and Jiangxi second plant are also operating normally, but the Jiangxi first plant, Jilin base, and Zhanjiang base remain under maintenance [1][3] - The company is under risk warning due to production halts and non-standard audit opinions for its 2023 financial statements [2] - The company is implementing a four-pronged strategy to alleviate its debt crisis, including negotiating with financial institutions for debt extension and interest reduction, disposing of non-core assets, enhancing receivables collection, and leveraging cash flow from resumed operations [2][3] Industry Context - The paper industry is experiencing a significant supply-demand imbalance, with new capacity being added while end demand remains weak, leading to intensified market competition [4][5] - In the first half of 2025, the paper industry saw a 2.3% decline in revenue and a 21.4% drop in total profits, indicating a challenging market environment for companies like ST晨鸣 [5] - The industry is expected to undergo a transformation towards greener production methods, driven by new energy consumption standards and government policies aimed at reducing chaotic price competition [6]
调研速递|晨鸣纸业接受国海证券等3家机构调研 聚焦复工复产与债务问题
Xin Lang Cai Jing· 2025-09-16 09:12
Core Viewpoint - The company is actively working on resuming production, managing debt, and optimizing asset disposal to improve its financial situation and operational efficiency [2][3]. Group 1: Production and Operations - The company has five major production bases: Shouguang, Zhanjiang, Huanggang, Jiangxi, and Jilin. Currently, the Shouguang base is fully operational, while the Huanggang base and Jiangxi second factory are producing normally. However, the Jiangxi first factory, Jilin base, and Zhanjiang base are still under maintenance [2]. - The company aims to resume production at the halted bases as soon as possible [2]. Group 2: Financial Support and Debt Management - A capital injection of 1 billion yuan from the government platform has been fully received, along with a 2.31 billion yuan syndicated loan that has been approved, with the first tranche already disbursed [2]. - The company has implemented measures to address its debt issues, including extending loan terms and reducing interest rates, which has lowered financial costs by approximately 700 million yuan [3]. Group 3: Asset Disposal and Efficiency - The company is focusing on revitalizing and disposing of existing assets, particularly non-core assets, and has established an asset management center to enhance disposal efficiency [2]. - The disposal of property assets located in key cities such as Shanghai, Jinan, and Shenzhen is being accelerated [2]. Group 4: Industry Outlook - The paper industry has seen concentrated new capacity additions, leading to supply-demand imbalances. However, the long-term outlook is positive due to the "dual carbon" strategy and improved domestic market conditions, which are expected to enhance industry profitability and market concentration [3].
ST晨鸣(000488) - 2025年9月15日投资者关系活动记录表
2025-09-16 08:28
Group 1: Production Recovery - The company has five major production bases: Shouguang, Zhanjiang, Huanggang, Jiangxi, and Jilin. Currently, the Shouguang base has fully resumed operations, while Huanggang and Jiangxi's second plant are in normal production. The first plant in Jiangxi, Jilin, and Zhanjiang bases are still under maintenance, with efforts to resume production as soon as possible [2] - The funding required for resuming operations has been secured, with a capital injection of 1 billion CNY from the government and a completed approval for a syndicated loan of 2.31 billion CNY, with the first tranche already disbursed [2][3] Group 2: Government Support - Local governments have established a task force to facilitate production recovery, including forming a debt committee and coordinating the issuance of a 2.31 billion CNY loan specifically for resuming operations. Measures include maintaining existing credit lines and providing support such as loan extensions and interest rate reductions [3] Group 3: Asset Management - The company is actively working to manage and dispose of non-core assets, with an asset management center established to enhance efficiency. The disposal of properties located in key cities like Shanghai, Jinan, and Shenzhen is being accelerated [3] Group 4: Financial Challenges - The company is addressing its debt issues by negotiating extensions and interest reductions with most financial institutions, which has already reduced financial costs by approximately 700 million CNY. Further efforts include accelerating the disposal of non-core assets and enhancing the collection of receivables [3] - The company plans to leverage operational cash flow post-resumption to continue reducing debt levels [3] Group 5: Industry Outlook - The paper industry is facing challenges due to increased production capacity and weakened terminal demand, leading to supply-demand imbalances. However, with the implementation of the "dual carbon" strategy and policies aimed at reducing competition, the industry is expected to see improved conditions in the medium to long term. The overall performance is anticipated to gradually recover as domestic demand policies take effect [4]
晨鸣纸业复产后首艘原材料船舶抵港,潍坊港外贸再添新动能

Qi Lu Wan Bao Wang· 2025-09-09 14:02
齐鲁晚报.齐鲁壹点王佳潼 为了确保船舶靠离泊及作业安全高效,潍坊海事联合边检、海关等部门主动行动,开辟"绿色通道",实施"优先进港、优先引航、优先靠离泊、优先查 验"的保障措施。通过"单一窗口"实现单证电子化流转,还和口岸部门一起开展联合登临,实现"一次登轮、一次办结"。另外,运用"无人机+巡逻艇"开展 立体巡航执法,对船舶消防救生、通信导航等设备进行安全"体检",防止船舶"带病"航行。 "我们通过优化通关流程、强化安全监管,为港口外贸船舶提供全链条保障。"潍坊海事局相关负责人表示,这些措施大幅提升了船舶通关效率,为区域经 济高质量发展保驾护航。 近日,载运3.2万吨进口木片的巴拿马籍货轮"宝华曼谷"轮缓缓停靠潍坊港。这是晨鸣纸业集团复工复产后首艘抵港的原材料运输船舶,不仅标志着企业 供应链体系正式恢复国际常态化运作,也为潍坊港再添外贸新动能。这座港口常年保持外贸船舶年均进出口岸约1500艘次,2025年上半年国际航行船舶进 出港量同比增长14.5%。 晨鸣纸业作为中国造纸龙头企业、全球造纸50强企业,其寿光基地每年从越南、菲律宾等国进口木片约400万吨。受2024年11月起停机检修影响,潍坊港 区木片码头曾 ...
港股异动丨纸业股拉升 多家纸厂实施“涨价+停机”双重策略
Ge Long Hui· 2025-09-08 02:05
Group 1 - The Hong Kong paper industry stocks collectively rose, with Chenming Paper up 4.6%, Lee & Man Paper up over 3%, and Nine Dragons Paper up over 2% [1] - Major paper manufacturers such as Nine Dragons Paper, Shanying International, Lee & Man Paper, and Wuzhou Special Paper announced price increases for certain products in early September, indicating a potential last opportunity for price hikes before the traditional peak season [1] - The paper packaging industry is facing challenges due to an imbalance in supply and demand as new production capacities come online, making it difficult for companies like Nine Dragons to maintain stability in a volatile market [1] Group 2 - Shanying Paper announced a maintenance shutdown plan during the National Day holiday, affecting 12 paper lines across multiple bases in Anhui, Zhejiang, Central China, Fujian, Guangdong, and Jilin, with shutdown durations ranging from 4 to 8 days, concentrated from September 29 to October 6 [1]
2025年1-7月造纸和纸制品业企业有8107个,同比增长2.4%
Chan Ye Xin Xi Wang· 2025-09-05 01:30
Group 1 - The core viewpoint of the article highlights the growth in the number of enterprises in the paper and paper products industry in China, with a total of 8,107 enterprises reported from January to July 2025, marking an increase of 190 enterprises or 2.4% year-on-year [1] - The proportion of the paper and paper products industry enterprises in relation to the total number of industrial enterprises stands at 1.56% [1] - The data indicates a shift in the criteria for scale enterprises, with the threshold for annual main business income raised from 5 million yuan to 20 million yuan since 2011 [1] Group 2 - The report referenced is the "2025-2031 China Paper Industry Market Survey Research and Development Prospects Report" published by Zhiyan Consulting [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research reports, business plans, feasibility studies, and customized services [2] - The firm emphasizes its commitment to providing comprehensive industry solutions to empower investment decisions through professional insights and market acumen [2]