证券代码：002014 证券简称：永新股份 公告编号：2024-015 黄山永新股份有限公司 第八届董事会第十次（临时）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、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 黄山永新股份有限公司（以下简称"公司"）第八届董事会第十次（临时）会议 于 2024 年 3 月 19 日以传真或电子邮件的形式发出会议通知，2024 年 3 月 22 日在 公司会议室以现场结合通讯表决方式召开。会议应参会董事 14 名，实际参与表决 董事 14 名，其中董事周原先生、沈陶先生、王冬先生，独立董事张月红女士、李 思飞先生以通讯表决方式参加，监事及高级管理人员列席会议。本次会议的召开 与表决程序符合《公司法》和《公司章程》等的有关规定，会议由董事长孙毅先 生主持。 经与会董事充分讨论，表决通过如下决议： 三、会议以赞成票 14 票，反对票 0 票，弃权票 0 票，审议通过了《关于开展 套期保值业务的议案》。 详细内容见刊登在 2024 年 3 月 23 日《证券时报》和《上海证券报》及巨潮 - 1 - 资讯网 http://www.cninfo.com.cn 上的《 ...

证券代码：002014 证券简称：永新股份 公告编号：2024-018 黄山永新股份有限公司 关于召开 2024 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。 黄山永新股份有限公司（以下简称"公司"）第八届董事会第十次（临时）会议 决定于2024年4月8日（星期一）在公司会议室召开2024年第一次临时股东大会， 现将本次股东大会的有关事项通知如下： 一、召开会议的基本情况 1、股东大会届次：公司2024年第一次临时股东大会。 2、会议召集人：公司董事会。 3、会议召开的合法、合规性：公司第八届董事会第十次（临时）会议决定召 开本次股东大会。本次股东大会会议召开符合 《中华人民共和国公司法》、《上 市公司股东大会规则》有关法律、行政法规、部门规章、规范性文件和《公司章 程》等的规定。 4、会议召开的日期、时间： 现场会议时间：2024年4月8日（星期一）下午3:00。 网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时间为 2024年4月8日的交易时间，即 9:15—9:25,9:30—11:30和13:00—15:00。 ...

本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 证券代码：002014 证券简称：永新股份 公告编号：2024-017 黄山永新股份有限公司 关于开展套期保值业务的公告 重要内容提示： 1、业务概述：黄山永新股份有限公司（以下简称"公司"）为有效降低生产 经营所需相关原材料价格及汇率波动风险给公司经营带来的不利影响，2024 年 公司拟开展商品套期保值和外汇套期保值业务：商品套期保值主要涉及业务品种 为商品期货交易所挂牌交易的聚丙烯（PP）/聚乙烯（PE）期货及期权合约，开 展期货衍生品业务所需保证金最高占用资金额不超过人民币 500 万元（不含期货 标的实物交割款项），有效期内可循环使用，期限内任一时点的交易金额（含前 述投资的收益进行再投资的相关金额）不超过该预计额度；外汇套期保值只限于 从事与公司生产经营所使用的主要结算货币相同的币种，主要外币币种包括但不 限于美元、欧元等跟实际业务相关的币种。业务品种包括但不限于远期结售汇、 外汇掉期、货币掉期、外汇互换、外汇期货、外汇期权业务及其他外汇衍生产品 等业务，任何时点的余额不超过人民币 5,000 万元，有 ...

黄 山永新股份有限公司 关 于2024 年开展套期保值业务的可行性分析报告 一、开展套期保值业务的目的 黄山永新股份有限公司（以下简称"公司"，含下属子公司）主要从事生产 和销售彩印软包装、多功能薄膜等产品，主要原材料石油炼化产品，同时，公司 在境外业务逐步扩大，进口采购、国际融资等国际交易日益频繁，因国际政治、 经济环境等多重因素影响，各国货币波动的不确定性增强。为规避经营相关原材 料及其他相关产品的价格大幅波动给公司经营带来的不利影响，有效减少汇率 波动的影响，规避外汇市场的风险，合理降低财务费用，公司拟使用自有资金 开展商品期货套期保值和外汇套期保值业务。 公司开展套期保值业务是套期保值，规避风险，不以获取投资收益为目的， 不影响公司主营业务的正常进展。 二、套期保值业务的基本情况 （一）商品套期保值 1、主要涉及业务品种：商品期货交易所挂牌交易的聚丙烯（PP）/聚乙烯 （PE）期货及期权合约。 2、拟交易金额：根据公司2024年经营目标，预计2024年公司开展期货衍生 品业务所需保证金最高占用资金额不超过人民币500万元（不含期货标的实物交 割款项），有效期内可循环使用，期限内任一时点的交易金额（含前 ...

证券代码：002014 证券简称：永新股份 公告编号：2024-014 黄山永新股份有限公司 2023 年度股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示 1、本次股东大会未出现否决提案的情形。 2、本次股东大会未涉及变更以往股东大会已通过的决议。 6）本次股东大会会议的召集、召开与表决程序符合《公司法》、《上市公司 股东大会规则》、《深圳证券交易所股票上市规则》及《公司章程》等法律、法规 及规范性文件的规定。 2、会议出席情况 一、会议召开和出席情况 1、会议召开情况 1）会议召开时间：2024年3月22日下午2:30。 2）会议召开地点：公司会议室。 3）会议方式：本次股东大会采取现场投票和网络投票相结合的方式。 4）会议召集人：公司董事会。 5）会议主持人：董事长孙毅先生。 参加本次股东大会的股东及股东代表 26 名，代表有表决权股份 390,084,275 股，占公司股份总数的 63.6881%，其中：参加现场会议的股东及代表 5 名，代 表有表决权股份 236,417,922 股，占公司股份总数的 38.5994%；参加网 ...

安徽天禾律师事务所 股东大会法律意见书 关于黄山永新股份有限公司 2023 年年度股东大会的法律意见书 致：黄山永新股份有限公司 依据《证券法》、《公司法》、《上市公司股东大会规则》和《黄山 永新股份有限公司章程》（以下简称"《公司章程》"）的有关规定，安 徽天禾律师事务所接受黄山永新股份有限公司（以下简称"公司"）的委 托，指派吴波、鲍冉两位律师（以下简称"本所律师"）就公司于 2024 年 3 月 22 日召开的 2023 年年度股东大会（以下简称"本次股东大会"）出 具本法律意见书。 本所律师按照律师行业公认的业务标准、道德规范和勤勉尽责精神， 参与了本次股东大会，并对公司提供的有关文件和事实进行了核查和验证， 现出具法律意见如下： 一、本次股东大会的召集程序 本次股东大会由公司董事会召集。公司董事会于 2024 年 2 月 29 日在 《证券时报》、《上海证券报》及巨潮资讯网(http://www.cninfo.com.cn) 刊登了《黄山永新股份有限公司第八届董事会第九次会议决议公告》、《黄 山永新股份有限公司关于召开 2023 年度股东大会的通知》。 本所律师认为，公司本次股东大会的召集程序符合法 ...

Investment Rating - The report assigns a "Buy" rating to the company with a target price of 11.57 CNY per share based on a 15x PE valuation for 2024 [11][28]. Core Viewpoints - Yongxin Co., Ltd. is a leading enterprise in the plastic flexible packaging industry, with a stable business model and a strong focus on high dividend payouts, achieving a dividend payout ratio of 82.6% in 2023 and a current dividend yield of 5.4% [5][12][42]. - The company reported a revenue of 3.379 billion CNY in 2023, a year-on-year increase of 2.3%, and a net profit attributable to shareholders of 408 million CNY, up 12.5% year-on-year [5][69]. - The company has a strong growth trajectory in its film business, with a CAGR of 25% from 2017 to 2023, and is actively expanding into overseas markets, achieving 380 million CNY in overseas revenue in 2023, a 7.8% increase year-on-year [12][69]. Summary by Sections Company Overview - Yongxin Co., Ltd. has been deeply engaged in the plastic flexible packaging sector for 30 years, producing products such as color-printed composite packaging materials and multifunctional films, which are widely used in food, daily chemicals, and medical protection [5][37]. Financial Performance - The company has demonstrated stable financial performance with a revenue CAGR of 9.1% and a net profit CAGR of 12.1% from 2017 to 2023. The 2023 revenue was 3.379 billion CNY, and the net profit was 408 million CNY [5][69]. - The average cash dividend payout ratio from 2015 to 2023 was 77.2%, indicating a commitment to returning value to shareholders [42]. Industry Analysis - The plastic flexible packaging industry is characterized by steady demand growth and a fragmented competitive landscape. The market size in China is expected to grow at a CAGR of 7.16% from 2024 to 2027 [80][81]. - The company is well-positioned in the industry, benefiting from long-term partnerships with major clients and a focus on expanding its film business, which is expected to drive future growth [12][80]. Competitive Advantages - Yongxin Co., Ltd. has established deep strategic partnerships with leading clients such as Yili and Procter & Gamble, which contribute to its stable growth. The company is also expanding its overseas market presence through various strategies [12][80]. - The company maintains a high level of R&D investment, with a research and development expense ratio of 4.3% in 2023, which supports its innovation and product development efforts [48].

23 年业绩表现稳健， 事件：永新股份发布 2023 年年报。2023 年公司实现营业收入 33.79 亿元，同比增长 2.26%；归母净利润 4.08 亿元，同比增长 12.46%； 扣非后归母净利润 3.85 亿元，同比增长 19.68%。其中 2023 Q4 公司 实现营业收入 9.00 亿元，同比下降 1.67%；归母净利润为 1.15 亿 元，同比增长 1.96%；扣非后归母净利润为 1.04 亿元，同比增长 23.06%。 公司充分发挥规模和产业链配套优势，持续加大研发投入，深入贯彻 创新发展理念，积极响应国家"智能制造"战略，全面推进业务财务 一体化 ERP 升级，融合 MES 系统，提高生产自动化水平；加快产品 创新，提升市场竞争力，在市场逆境中仍维持良好的发展势头。分品 类看，2023 年公司彩印包装材料、镀铝包装材料、塑料软包装薄膜、 油墨业务分别实现收入 25.52/0.44/5.25/1.55 亿元，同比-0.05%/- 9.55%/+14.50%/+1.76%。分地区看，2023 年公司国内、国外市场分别 实现收入 29.99/3.80 亿元，同比+1.60%/+7.82%。多年来， ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a strong performance relative to the market [11][22]. Core Insights - The company announced its 2023 annual report, which met market expectations, and reinforced its high dividend policy, returning value to shareholders. In 2023, the company achieved operating revenue of 3.379 billion yuan, a year-on-year increase of 2.3%, and a net profit attributable to the parent company of 408 million yuan, a year-on-year increase of 12.5% [11]. - The film business showed significant growth, with revenue reaching 525 million yuan, up 14.5% year-on-year, driven by the release of new production capacities [11]. - The company is actively investing in research and development, focusing on recyclable materials, and expanding its market presence, particularly in overseas markets [11]. Financial Summary - Total operating revenue for 2023 is projected at 3.379 billion yuan, with a net profit of 408 million yuan, and earnings per share of 0.67 yuan [6][21]. - The company’s gross margin improved to 24.7%, an increase of 2.5 percentage points year-on-year, attributed to lower raw material costs [11]. - The company plans to distribute a cash dividend of 5.50 yuan per 10 shares, with a dividend payout ratio of 83% and a dividend yield of 6.6% [11]. Market Position and Strategy - The company is positioned as a leader in the flexible packaging industry, benefiting from trends in food safety and environmental policies, which are driving industry consolidation [11]. - The report highlights the company's focus on cost reduction and efficiency improvements, which have positively impacted profit margins [11]. - The company is expected to continue expanding its production capacity and enhancing its product offerings, particularly in the film business and overseas markets [11].

Financial Performance - The total revenue for 2023 reached approximately CNY 3.38 billion, representing a 2.26% increase compared to CNY 3.30 billion in 2022[21]. - The net profit attributable to shareholders was CNY 408.05 million, an increase of 12.46% from CNY 362.83 million in the previous year[21]. - The net profit after deducting non-recurring gains and losses was CNY 384.80 million, up 19.68% from CNY 321.53 million in 2022[21]. - Basic earnings per share increased to CNY 0.67, reflecting an 11.67% growth from CNY 0.60 in 2022[21]. - The total assets at the end of 2023 amounted to CNY 3.90 billion, a 9.26% increase from CNY 3.57 billion at the end of 2022[21]. - The cash flow from operating activities was CNY 515.34 million, a decrease of 5.19% compared to CNY 543.56 million in 2022[21]. - The weighted average return on equity was 17.72%, up from 17.01% in the previous year[21]. - The company achieved operating revenue of 3,378.79 million yuan, a year-on-year increase of 2.26%[46]. - The total profit reached 461.00 million yuan, reflecting a year-on-year growth of 13.07%[46]. - The company reported a net profit of 1,822.19 million, with total revenue of 30,647.53 million, reflecting a significant operational scale[74]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 5.5 per 10 shares, totaling approximately CNY 33.74 million[4]. - A cash dividend of CNY 5.50 per 10 shares (including tax) was proposed, amounting to a total cash dividend of CNY 336,870,526.30, which represents 100% of the profit distribution[118][120]. - The company has established a cash dividend policy that mandates a minimum of 80% of profit distribution in cash dividends during its mature development stage[118]. Market and Product Development - The company’s main product, color-printed composite packaging materials, is the primary source of revenue, reflecting strong demand in the food, daily chemical, and pharmaceutical sectors[38]. - The flexible plastic packaging market in China is projected to grow from USD 13.6 billion in 2022 to USD 14.3 billion in 2023, with a CAGR of 4.87% from 2020 to 2023[32]. - The global flexible plastic packaging market is expected to increase from USD 197.7 billion in 2023 to USD 253.2 billion by 2028, with a CAGR of 5.1%[32]. - The company is focusing on the development of green and recyclable packaging materials in response to increasing environmental regulations and market demands[33]. - The company is actively pursuing new market expansion and product innovation to improve customer satisfaction and market competitiveness[47]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million yuan for potential deals[99]. Research and Development - The company submitted 15 invention patent applications and 27 utility model patent applications, obtaining 15 invention patents and 19 utility model patents during the reporting period[48]. - Research and development expenses increased by 7.42% to ¥144,995,836.90, representing 4.29% of operating revenue[63]. - The company is committed to technological innovation, emphasizing the importance of R&D to maintain competitive advantages in the packaging industry[77]. - The company is focusing on the development of new materials and technologies to strengthen its competitive position in the market[102]. Corporate Governance - The company emphasizes transparency in information disclosure, ensuring that all disclosed information is true, timely, accurate, and complete[86]. - The board of directors operates under established rules and effectively utilizes independent directors to enhance decision-making quality[84]. - The company has a robust internal control system to monitor financial management and operational decisions[85]. - The company is enhancing its corporate governance and internal control systems to protect investor rights and improve operational transparency[77]. - The company has established an independent financial accounting department and a complete accounting system, ensuring no unauthorized use of funds or assets by shareholders[89]. Environmental Compliance - The company has obtained pollution discharge permits valid until 2028, ensuring compliance with environmental regulations[133]. - The main pollutants discharged by the company include non-methane total hydrocarbons, adhering to various national standards[133]. - The company has invested in two sets of RTO waste gas treatment facilities, which comply with relevant emission standards and are connected to an online monitoring system[135]. - The company has implemented a self-monitoring plan for environmental emissions, completing all required monitoring frequencies in 2023, with all indicators meeting standards[136]. - The company has adopted measures to reduce carbon emissions, including phasing out outdated production capacity and using energy-efficient equipment[137]. Shareholder Engagement - The company held 2 shareholder meetings during the reporting period, ensuring compliance with legal regulations and protecting minority shareholders' rights[83]. - The annual shareholder meeting on March 31, 2023, had an investor participation rate of 63.29%[90]. - The first extraordinary shareholder meeting in 2023 on December 29, 2023, had an investor participation rate of 63.67%[90]. - The company is actively engaging with investors through various platforms to communicate its business developments and foster long-term relationships[80]. Financial Management - The company’s cash asset management involved CNY 4,000 million in broker financial products, with no overdue amounts reported[168]. - The company’s financial management did not encounter any situations where the principal was expected to be unrecoverable or subject to impairment[170]. - The total amount of related party transactions during the reporting period was 10,009.66 million CNY, which is within the approved limit of 11,000 million CNY[154]. - The company reported no related party debt or credit transactions during the reporting period[157]. Employee Management - The total number of employees at the end of the reporting period is 2,280, with 1,117 in the parent company and 1,163 in major subsidiaries[113]. - The professional composition includes 1,414 production personnel, 137 sales personnel, 369 technical personnel, 192 financial personnel, and 168 administrative personnel[113]. - The company conducts annual training programs based on employee needs and development goals, including internal and external training sessions[115]. - The company has a performance-based compensation policy that aligns employee interests with corporate performance, with salaries consisting of base pay, performance bonuses, and commissions[114].