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ST晨鸣(000488) - 董事会决议公告
2025-03-31 15:00
证券代码:000488 200488 证券简称:ST 晨鸣 ST 晨鸣 B 公告编号:2025-012 山东晨鸣纸业集团股份有限公司 第十届董事会第十二次会议决议公告 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")第十届董事会第十二次会议通知 于 2025 年 3 月 21 日以书面、邮件方式送达各位董事,会议于 2025 年 3 月 31 日以现场结合 通讯方式召开。会议应到董事 10 人,实到董事 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。 与会董事认真审议并一致通过了本次会议的各项议案,形成会议决议如下: 一、审议通过了《公司 2024 年度董事会工作报告》 该议案尚需提交公司 2024 年度股东大会审议。 本议案表决结果:同意票 10 票,反对票 0 票,弃权票 0 票。 详细内容请参阅同日披露在巨潮资讯网站(www.cninfo.com.cn)及香港联交所网站 (www.hkex.com.hk)的相关公告。 二、审议通过了《公司 2024 年度总经理工作报告》 本议案表决 ...
ST晨鸣(000488) - 关于2024年度拟不进行利润分配的公告
2025-03-31 15:00
证券代码:000488 200488 证券简称:ST 晨鸣 ST 晨鸣 B 公告编号:2025-017 山东晨鸣纸业集团股份有限公司 关于 2024 年度拟不进行利润分配的公告 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")于 2025 年 3 月 31 日召开第十 届董事会第十二次会议和第十届监事会第十二次会议,审议通过了《关于 2024 年度不进 行利润分配的议案》,现将有关事项公告如下: 一、公司 2024 年度利润分配预案 经致同会计师事务所(特殊普通合伙)审计,公司 2024 年度归属于上市公司股东的 净利润为人民币-7,410,784,491.65 元,截至 2024 年 12 月 31 日,合并报表累计未分配利润 为人民币 607,818,020.70 元,母公司累计未分配利润为人民币 2,471,033,182.58 元。 资产计提了减值准备,利润亏损,公司 2024 年度归属于上市公司股东的净利润为人民币 -7,410,784,491.65 元。基于 2024 年的经营状况,并综合考虑公司 2 ...
晨鸣纸业(000488) - 2024 Q4 - 年度财报
2025-03-31 14:55
Financial Performance - The company reported a significant increase in revenue, achieving a total of 10 billion RMB for the fiscal year 2024, representing a 15% growth compared to the previous year[14]. - The company's operating revenue for 2024 was CNY 22.73 billion, a decrease of 14.58% compared to CNY 26.61 billion in 2023[6]. - The net profit attributable to shareholders for 2024 was CNY -7.41 billion, representing a significant decline of 478.38% from CNY -1.28 billion in 2023[6]. - The company's total revenue for 2024 was RMB 22.73 billion, a decrease of 14.58% compared to RMB 26.61 billion in 2023[58]. - The company's net profit for 2024 was reported at RMB -74.11 billion, indicating a significant loss due to declining product prices and operational challenges[113]. Market and User Growth - User data showed a rise in customer base, with an increase of 20% year-over-year, reaching 1.2 million active users[14]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next three years[14]. - The revenue from the domestic market accounted for 79.55% of total revenue, while international markets contributed 20.45%, both showing declines of 9.96% and 28.79% respectively[58]. Strategic Initiatives - The company has set a future outlook with a revenue target of 12 billion RMB for 2025, indicating a projected growth rate of 20%[14]. - New product development includes the launch of eco-friendly paper products, which are expected to contribute an additional 1 billion RMB in revenue by 2025[14]. - A strategic acquisition of a smaller competitor is in progress, which is anticipated to enhance production capacity by 25%[14]. - The company has allocated 500 million RMB for research and development in innovative paper technologies over the next two years[14]. Operational Challenges - The company produced 4.27 million tons of paper and sold 4.47 million tons in 2024, reflecting operational challenges due to market conditions[30]. - The company implemented production restrictions and maintenance on machinery since November 2024 to mitigate losses[30]. - The company faced liquidity issues, with some subsidiaries experiencing overdue debts and legal actions from creditors[30]. - The company has increased its bad debt provision for certain leasing clients due to operational difficulties, with the leasing balance reduced to RMB 4.467 billion[106]. Research and Development - The company emphasizes R&D, with multiple leading innovation platforms and collaborations with universities, enhancing its core technology and product competitiveness[46]. - R&D investment amounted to ¥1,080,331,754.42 in 2024, a decrease of 7.22% compared to ¥1,164,419,698.13 in 2023, while the ratio of R&D investment to operating revenue increased from 4.38% to 4.75%[71]. - Research and development projects are focused on improving product quality and reducing production costs, with several projects in various stages of development aimed at achieving domestic leadership[70]. Environmental and Sustainability Efforts - The company has received the "China Environmental Label (Type I) Product Certification" and is focusing on green paper-making technology[40]. - The company is committed to a green development strategy, emphasizing clean production and resource conservation[98]. - The company achieved a water reuse rate of over 75% through advanced "ultrafiltration + reverse osmosis" technology, meeting drinking water standards[104]. Governance and Management - The company has established a comprehensive talent management system, enhancing its human capital for sustainable long-term development[54]. - The company has a structured approach to governance with a clear delineation of roles among executive and non-executive directors, ensuring effective oversight[164][166]. - The company has confirmed the independence of its independent non-executive directors according to Hong Kong listing rules[126]. - The company has a total of 23 senior management personnel, with salaries ranging from RMB 80,000 to RMB 4,000,000, including 15 individuals earning below RMB 800,000[125]. Financial Management and Investments - The company plans to not distribute cash dividends or issue bonus shares for 2025 to strengthen its financial position and support sustainable development[113]. - The company has established a creditor committee to maintain stable credit lines and support measures such as loan extensions and interest rate reductions[32]. - The company is actively pursuing strategic investments and has formed a dedicated team to engage with potential investors[32]. Employee and Shareholder Relations - The total number of employees at the end of the reporting period is 9,594, with 2,041 in the parent company and 6,847 in major subsidiaries[185]. - The company has a policy of providing various benefits to employees, including social security and housing allowances, based on market salary levels[187]. - The annual shareholders' meeting had a participation rate of 19.50% on May 14, 2024[158]. Risk Factors - The company faces risks from macroeconomic fluctuations and industry competition, which could impact future performance[5]. - The overall profitability of the company has been severely constrained due to price declines and reduced sales volumes in the paper products market[97]. - The company is closely monitoring macroeconomic policies and adjusting its strategies to mitigate risks associated with policy changes[103].
ST晨鸣(000488) - 关于转让子公司股权暨关联交易的进展公告
2025-03-14 11:15
证券代码:000488 200488 证券简称: ST 晨鸣 ST 晨鸣 B 公告编号:2025-009 山东晨鸣纸业集团股份有限公司 关于转让子公司股权暨关联交易的进展公告 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。 一、交易情况概述 山东晨鸣纸业集团股份有限公司(以下简称"公司")于 2024 年 3 月 22 日召开第十 届董事会第十四次临时会议审议通过了《关于转让御景酒店股权暨关联交易的议案》,同 意公司将其持有的山东御景大酒店有限公司(以下简称"御景酒店")90.05%股权及对御 景酒店享有的共计人民币 19,350.72 万元的债权以人民币 35,650 万元转让给寿光晨鸣广源 地产有限公司(以下简称"广源地产")。详情请参阅公司于 2024 年 3 月 23 日在巨潮资 讯网(www.cninfo.com.cn)披露的《关于转让子公司股权暨关联交易的公告》(公告编号: 2024-008)及在香港联交所网站(www.hkex.com.hk)披露的《关连交易—出售御景酒店 股权》。 二、交易进展情况 甲乙双方一致同意,自本协议生效之日起,原协议《 ...
ST晨鸣(000488) - 关于股东股份被司法冻结及轮候冻结的公告
2025-03-14 11:15
证券代码: 000488 200488 证券简称:ST 晨鸣 ST 晨鸣 B 公告编号:2025-010 截至本公告披露日,上述股东所持股份累计被冻结情况如下: 股东名称 持股数量(股) 持股比例 司法冻结 轮候冻结 累计被冻结 股份数量 (股) 占其所 持股份 比例 占公司 总股本 比例 累计被轮候冻 结股份数量 (股) 占其所 持股份 比例 占公司 总股本 比例 晨鸣控股 819,912,882 27.87% 409,956,441 50% 13.94% 417,538,324 50.92% 14.19% 合计 819,912,882 27.87% 409,956,441 50% 13.94% 417,538,324 50.92% 14.19% 二、股东股份累计被冻结情况 三、其他说明 1、截至本公告披露日,晨鸣控股尚未收到本次股份被司法冻结和轮候冻结事项的 相关案件文书,晨鸣控股将与相关方积极沟通协商,妥善解决上述股份冻结事项;晨鸣 控股不存在主体和债项信用等级下调的情形。 股东 名称 是否为控股股 东或第一大股 东及其一致行 动人 股份 类别 本次冻结股 份数量(股) 占其所持 股份比例 占公司 总股 ...
ST晨鸣(000488) - 关于新增累计诉讼情况的公告
2025-02-28 10:15
证券代码:000488 200488 证券简称: ST 晨鸣 ST 晨鸣 B 公告编号:2025-008 山东晨鸣纸业集团股份有限公司 关于新增累计诉讼情况的公告 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")于 2025 年 1 月 24 日在巨潮 资讯网(www.cninfo.com.cn)披露了《关于部分生产基地临时停机检修进展及累计诉讼 等情况的公告》(公告编号:2025-003)及于 2025 年 1 月 23 日在香港联交所网站 (www.hkex.com.hk)披露了《本公司部分生产基地临时停机检修进展及累计诉讼等情况》。 现根据《深圳证券交易所股票上市规则》有关规定,将截至 2025 年 2 月 27 日公司及子 公司累计 12 个月发生的新增诉讼及仲裁情况公告如下: 一、累计新增诉讼情况 自 2025 年 1 月 23 日至 2025 年 2 月 27 日,公司及控股子公司因债务逾期、合同履 行纠纷等原因,累计新增发生诉讼案件共计 63 件,涉案金额合计为人民币 201,738.45 万 元, ...
Pulp & Paper_ 2025 Global Pulp_ 10 Key Themes to Watch
2025-02-28 05:14
Summary of Key Points from the Pulp & Paper Conference Call Industry Overview - The conference call focuses on the **Global Pulp & Paper Industry** and discusses key themes for **2025** [1][2]. Core Themes and Insights 1. **Pulp Price Volatility**: Pulp prices experienced a **30% change** from peak to trough in **2024**, with a short **6-month cycle** expected to continue into **2025** [1]. 2. **Demand Normalization**: Following a strong **2023**, demand patterns are expected to normalize in **2025**, with **China** leading growth and an incremental demand growth of **1.2 million tons** primarily driven by hardwood demand [2][3]. 3. **Oversupply Forecast**: The market is projected to be oversupplied by **800,000 tons** in **2025** [2]. 4. **Utilization Rates**: The utilization rate for hardwood is expected to decline from **93% to 92%** in **2025** [3]. 5. **Chenming's Impact**: The temporary shutdown of **Chenming** in **China** is a significant factor affecting pulp prices, with a potential restart of production being closely monitored [18][19]. 6. **Growing Capacity in China**: An additional **5 million tons per annum (mtpa)** of hardwood pulp is expected to enter the market in **2025-26**, contributing to increased domestic production [23][24]. 7. **LatAm Expansion**: Latin America is seeing a resurgence in pulp capacity expansion, with **15 mtpa** growth over the last decade and another **13 mtpa** planned by the end of the decade [10][12]. 8. **European and Canadian Costs**: Pulp production costs in **Europe** and **Canada** are expected to remain elevated due to inflationary pressures, with North America experiencing a **40%** increase since the pandemic [36][37]. 9. **China's Virgin-Paper Oversupply**: China's paper utilization has been declining, averaging **66% in 2023** and **60% in 2024**, indicating ongoing oversupply issues [43][44]. 10. **Softwood vs. Hardwood Price Spreads**: The price spread between softwood and hardwood is expected to remain elevated, ranging from **$50 to $250 per ton** due to supply dynamics [66][67]. Additional Important Insights - **FX Impact**: Foreign exchange volatility is highlighted as a critical factor for pulp producers, affecting cash costs and pricing power [75][76]. - **Integration Trends**: There is a continuing trend of pulp-paper integration in **China**, reducing dependency on imported market pulp [49][50]. - **European Demand Decline**: European pulp demand has been in structural decline since **2018**, with a **CAGR of -5%** expected to persist [58][59]. - **Investment Considerations**: Investors are advised to monitor woodchip availability and pricing as proxies for domestic pulp production and profitability [25][54]. This summary encapsulates the key themes and insights discussed during the conference call, providing a comprehensive overview of the current state and future outlook of the pulp and paper industry.
ST晨鸣(000488) - 关于公司股价异动的公告
2025-02-25 11:17
证券代码: 000488 200488 证券简称:ST 晨鸣 ST 晨鸣 B 公告编号:2025-007 山东晨鸣纸业集团股份有限公司 关于公司股价异动的公告 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。 一、股票交易异常波动的情况 山东晨鸣纸业集团股份有限公司(以下简称"公司")A 股股票(股票代码:000488, 股票简称:ST 晨鸣)、B 股股票(股票代码:200488,股票简称:ST 晨鸣 B)交易价 格于 2025 年 2 月 21 日、2025 年 2 月 24 日、2025 年 2 月 25 日连续三个交易日收盘价 格跌幅偏离值累计超过 12%,根据《深圳证券交易所股票交易规则》的有关规定,属于 股票交易异常波动的情况。 二、公司关注并核实情况的说明 1、公司前期披露的信息不存在需要更正、补充之处。 2、公司未发现近期公共传媒报道了可能或已经对公司股票交易价格产生较大影响 的未公开重大信息。 3、根据《深圳证券交易所股票上市规则》相关规定,公司 A 股、B 股股票自 2025 年 2 月 21 日开市起被实施其他风险警示,详情请参阅公司于 20 ...
晨鸣纸业(000488) - 关于公司股票被实施其他风险警示暨公司股票停牌的提示性公告
2025-02-19 13:47
特别提示: 1、截至本公告披露日,公司黄冈基地正常生产,寿光基地部分生产线已恢复生产, 已恢复产能占比 23.23%,其他生产基地正在停机检修。由于公司生产基地实施停机检 修时间已满 3 个月,未能大面积恢复生产,根据《深圳证券交易所股票上市规则》第 9.8.1 条第(五)款规定,公司股票交易触及其他风险警示情形。 2、公司 A 股、B 股股票自 2025 年 2 月 20 日(星期四)开市起停牌一天,自 2025 年 2 月 21 日(星期五)开市起复牌。 证券代码:000488 200488 证券简称: 晨鸣纸业 晨鸣 B 公告编号:2025-006 山东晨鸣纸业集团股份有限公司 关于公司股票被实施其他风险警示暨 公司股票停牌的提示性公告 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。 3、公司股票自 2025 年 2 月 21 日开市起被实施其他风险警示,A 股的证券简称由 "晨鸣纸业"变更为"ST 晨鸣",证券代码为"000488";B 股的证券简称由"晨鸣 B"变更为"ST 晨鸣 B",证券代码为"200488"。被实施其他风险警示后,公司 A 股、 ...
晨鸣纸业(000488) - 关于山东晨鸣集团财务有限公司解散的进展公告
2025-02-14 10:15
证券代码:000488 200488 证券简称: 晨鸣纸业 晨鸣 B 公告编号:2025-005 二〇二五年二月十四日 关于山东晨鸣集团财务有限公司解散的进展公告 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")于 2024 年 8 月 14 日召开第 十届董事会第十次会议审议通过了《关于山东晨鸣集团财务有限公司解散的议案》。详 情请见公司于 2024 年 8 月 15 日在巨潮资讯网(www.cninfo.com.cn)披露的《关于山东 晨鸣集团财务有限公司解散的公告》(公告编号:2024-047)及于 2024 年 8 月 14 日在 香港联交所网站(www.hkex.com.hk)披露的相关公告。 2025 年 2 月 12 日,山东晨鸣集团财务有限公司收到《国家金融监督管理总局关于山 东晨鸣集团财务有限公司解散的批复》(金复[2025]86 号),同意解散山东晨鸣集团财 务有限公司。山东晨鸣集团财务有限公司将按照有关法律法规要求办理相关手续。 特此公告。 山东晨鸣纸业集团股份有限公司董事会 山东晨鸣纸业集 ...