证券代码：002014 证券简称：永新股份 公告编号：2025-031 黄山永新股份有限公司 关于持股 5%以上股东部分股份解除质押的公告 持股 5%以上股东奥瑞金科技股份有限公司保证向本公司提供的信息内容真 实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 黄山永新股份有限公司（以下简称"公司"、"本公司"）于 2025 年 8 月 15 日接到股东奥瑞金科技股份有限公司（以下简称"奥瑞金"）的告知函，获悉其对所 持公司的部分股份办理了解除质押，具体情况如下： | 股 | 是否为控 股股东或 | 本次 | 占其所 | 占公司 | 是否 | | | 质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 东 | | 解除质押 | 持股份 | 总股本 | | | 解除 | | | | 第一大股 | | | | 为限 | 起始日 | | 权 | | 名 | | 股份数量 | 比例 | 比例 | 售股 | | 日期 | 人 | | 称 | 东及其一 | （股） | （%） | （ ...

Core Viewpoint - Huangshan's industrial development is entering a "heroic period," characterized by significant growth in various sectors, particularly in manufacturing and high-tech industries, while balancing ecological protection and industrial advancement [3][6][45]. Group 1: Industrial Growth and Economic Indicators - In the first half of 2025, Huangshan's industrial added value increased by 11.4% year-on-year, ranking second in the province [3]. - New manufacturing projects saw a 24.2% increase in investment year-on-year, also the second highest in the province [3]. - Industrial electricity consumption grew by 7.6% year-on-year, placing Huangshan second in the province [3]. - Tax revenue from industrial sectors increased by 9.7%, accounting for 33.6% of total tax revenue, the highest among all industries in the city [3]. Group 2: Key Industries and Strategic Focus - Huangshan is focusing on key industries such as automotive parts, equipment manufacturing, electronic information, new materials, and green food, with a notable 11.5% increase in output value for these sectors [3][9]. - The city is transitioning towards high-end, intelligent, green, and clustered industrial development, emphasizing technological innovation as a driving force [9][10]. Group 3: Industrial Transformation and Innovation - Huangshan is implementing policies to promote industrial transformation, aiming for intensive and sustainable development, with strategic emerging industries maintaining a leading position in the province [12][14]. - The city has established a collaborative mechanism involving parks, state-owned enterprises, funds, and specialized teams to enhance industrial development [16][23]. Group 4: Specific Company Examples - Changhui Automotive Electric Co., a key player in the automotive parts sector, reported a production value of 770 million yuan and sales revenue of 787 million yuan in the first half of 2025, with expectations to exceed 1.8 billion yuan for the entire year [7]. - Huangshan Yongxin Co., a leader in packaging materials, has established a comprehensive industrial chain in food packaging, producing 85,000 tons of printed flexible packaging materials annually, ranking first in the country [28][30]. Group 5: Ecological and Cultural Integration - Huangshan is committed to ecological protection while pursuing industrial growth, exemplified by the "New Anjiang Model" for ecological practices, which has been replicated in 28 river basins across 24 provinces [12][14]. - The city is leveraging its cultural heritage and ecological advantages to create a modern industrial system that aligns with local characteristics [14][45].

Core Viewpoint - Yongxin Co., Ltd. is experiencing a slight decline in stock price, with a focus on its core business in plastic packaging materials, which is heavily reliant on the food and pharmaceutical sectors [1] Group 1: Company Overview - As of August 8, 2025, Yongxin's stock price is reported at 11.61 yuan, reflecting a decrease of 0.09% from the previous trading day, with a trading volume of 0.26 billion yuan [1] - Yongxin's main business involves the manufacturing of plastic packaging materials, which account for over 92% of its revenue according to the 2024 financial report [1] Group 2: Financial Performance - In the first quarter of 2025, Yongxin achieved a revenue of 848 million yuan and a net profit of 88.92 million yuan [1] Group 3: Shareholder Activity - Major shareholder Aorijin Technology plans to issue exchangeable bonds not exceeding 1.25 billion yuan, with a maturity of no more than 3 years, which will not lead to a change in control of Yongxin [1] - Aorijin currently holds a 22.20% stake in Yongxin [1]

Group 1 - The core point of the article is that Yongxin Co., Ltd. (002014.SZ) has received a notice from its shareholder, Aorijin, regarding the proposed issuance of exchangeable bonds worth up to RMB 1.25 billion [1] - Aorijin plans to issue these bonds non-publicly, using part of its shares in Yongxin as the underlying asset [1] - The bonds will have a maturity period of no more than 3 years, and holders will have the option to exchange the bonds for Yongxin's A-shares at a predetermined price during the exchange period [1]

Core Viewpoint - The company Yongxin Co., Ltd. (002014.SZ) has received a notification from its shareholder Aorijin (002701) regarding the issuance of exchangeable bonds backed by a portion of its shares, with a total issuance scale not exceeding RMB 1.25 billion [1] Group 1 - Aorijin plans to issue non-public exchangeable bonds with a maximum scale of RMB 1.25 billion [1] - The bonds will have a maturity period of no more than 3 years [1] - Holders of the bonds can exchange them for Yongxin's A-shares during the exchange period at a predetermined exchange price, subject to certain conditions [1]

Core Insights - Yongxin Co., Ltd. (002014.SZ) announced that its shareholder, Aorijin Technology Co., Ltd., plans to issue non-publicly offered exchangeable bonds backed by a portion of its shares in Yongxin [1] - The total issuance size of the bonds will not exceed RMB 1.25 billion, with a maturity period of up to 3 years [1] - Holders of the bonds will have the option to exchange them for Yongxin's A-shares at a predetermined exchange price during the exchange period, subject to certain conditions [1] Company Details - Aorijin currently holds 135,978,241 shares of Yongxin, representing 22.20% of Yongxin's total share capital [1] - The bonds will be secured by Aorijin's legally owned shares in Yongxin and any associated benefits, including stock dividends and bonuses [1]

黄山永新股份有限公司 关于持股 5%以上股东拟非公开发行可交换公司债券的 提示性公告 持股 5%以上股东奥瑞金科技股份有限公司保证向本公司提供的信息内容真 实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 证券代码：002014 证券简称：永新股份 公告编号：2025-030 本次债券的发行规模不超过人民币 12.50 亿元（含 12.50 亿元），债券期限为 不超过 3 年（含 3 年）。在满足换股条件下，本次债券的持有人可在换股期内按 约定换股价格将其所持有的本次债券交换为永新股份 A 股股票（股票代码： 002014.SZ）。奥瑞金将以合法拥有的部分永新股份 A 股股票及其孳息（包括送转 股、红利等）为发行本次债券提供担保。 截至本公告日，奥瑞金持有永新股份 135,978,241 股，占永新股份总股本的 22.20%。 本次债券发行申请已经奥瑞金董事会审议通过，尚需获得其股东大会及有关 监管部门审核同意，最终的发行方案将根据发行时的市场状况确定。 本次债券发行不会导致本公司控股股东及实际控制人发生变化。公司将根据 相关规定，对本次债 ...

Group 1 - The core viewpoint of the report is that Yongxin Co., Ltd. (002014.SZ) is rated as a "buy" due to its leading position in the plastic packaging industry and stable performance over the years [2] - The company has been increasing its market share steadily due to stricter environmental regulations, with new growth points emerging from the pet food and trendy toy sectors [2] - The management is actively seeking changes to embrace new industry trends, and the company has a history of high dividends, emphasizing shareholder returns [2]

Investment Rating - The report maintains a positive outlook on the light industry and paper-making sector for the mid-2025 earnings forecast, indicating a favorable investment rating for these industries [1]. Core Insights - The report highlights a divergence in performance within the export sector for Q2 2025, with companies that have a global supply chain showing resilience against external tariff disruptions. Notable performers include Jiangxin Home, Jiayi Co., and Tianzhen Co. [4][5]. - The two-wheeler segment is expected to benefit from government subsidies and new standards, with companies like Yadi Holdings and Aima Technology showing strong growth potential [4]. - The light consumer goods sector is characterized by a robust domestic demand, particularly in personal care products, with companies like Baiya Co. and Dengkang Oral Care expected to perform well [4]. - The packaging industry is undergoing consolidation, with leading companies experiencing a slowdown in capital expenditure, indicating a shift towards a harvest phase [4]. - The home furnishing sector is facing short-term order impacts due to the pause in government subsidies, but long-term growth is anticipated through market integration and new product categories [4]. - The paper-making sector is expected to see stable profitability due to low raw material costs and improved supply-demand dynamics [4]. Summary by Sections Export Sector - Q2 2025 shows performance divergence due to increased external disruptions, with companies like Jiangxin Home expected to see a 40%+ growth in net profit [5][6]. - Jiayi Co. anticipates a 30%+ revenue increase, while Tianzhen Co. is expected to recover orders significantly [4][5]. Two-Wheeler Sector - Companies like Aima Technology and Ninebot are projected to grow by 20% and 50% respectively in Q2 2025, driven by new product launches and market demand [8][9]. Light Consumer Goods - The sector is expected to show resilience, with companies like Chaohongji and Baiya Co. projected to grow by 20% and 2% respectively in revenue [10][11]. Packaging Industry - The report notes a continued consolidation trend, with companies like Yutong Technology and Baosteel Packaging expected to maintain stable revenue growth [12][14]. Home Furnishing Sector - The sector is facing challenges due to subsidy pauses, but companies like Mousse and Zhizhong Home are expected to adapt and show growth in the long term [13][15]. Paper-Making Sector - The report indicates stable profitability for the paper-making sector, with companies like Sun Paper and Huawang Technology expected to benefit from improved market conditions [17].

Core Insights - Yongxin Co., Ltd. has achieved significant growth since its listing in July 2004, with a market capitalization increase from 1.22 billion to 7.38 billion, reflecting both scale expansion and sustained profitability improvement [1][5] - The company's main business includes the production and sales of color printing composite packaging products and vacuum aluminum film products, with color printing packaging materials accounting for 70.27% of revenue [3] - Over the past 21 years, Yongxin has maintained profitability, with a cumulative net profit growth of 970.84%, and has recorded profits in 19 out of 21 years [3] Financial Performance - In 2020, Yongxin achieved revenue of 2.737 billion, which increased to 3.525 billion in 2024, reflecting an average annual growth rate of approximately 6.5% over the past five years [3] - The net profit attributable to shareholders rose from 303 million in 2020 to 468 million in 2024, with a compound annual growth rate of 11.5%, indicating stronger profit growth compared to revenue growth [3] - The company's market value has increased by 5.04 times since its listing, demonstrating strong long-term investment value, although it has seen a decline from its peak market value of 9.848 billion in June 2015 [5]