Group 1 - The company, Jingxing Paper Industry, announced a share buyback program, having repurchased approximately 1.29 million shares, which accounts for 0.101% of its total share capital, with a total transaction amount of about 4.57 million yuan [1] - The highest transaction price during the buyback was 3.6 yuan per share, while the lowest was 3.47 yuan per share [1] - As of the report date, Jingxing Paper Industry's market capitalization stands at 5.4 billion yuan [1] Group 2 - For the first half of 2025, the company's revenue composition is entirely from the paper manufacturing segment, with a 100% contribution from this sector [1]

Core Viewpoint - Jingxing Paper (002067) reported a mixed performance in its 2025 mid-year financial results, with a slight decline in total revenue but an increase in net profit, indicating improved profitability metrics despite overall revenue challenges [1]. Financial Performance - Total revenue for the first half of 2025 was 2.629 billion yuan, a decrease of 1.69% year-on-year [1]. - Net profit attributable to shareholders reached 55.0338 million yuan, reflecting a year-on-year increase of 15.37% [1]. - In Q2 2025, total revenue was 1.44 billion yuan, up 2.18% year-on-year, while net profit for the quarter surged by 200.6% to 78.4562 million yuan [1]. - Gross margin improved to 9.15%, a year-on-year increase of 20.41%, and net margin rose to 2.18%, up 24.96% year-on-year [1]. - Total operating expenses (selling, administrative, and financial) amounted to 134 million yuan, accounting for 5.11% of revenue, which is an increase of 11.92% year-on-year [1]. Key Financial Ratios - The company reported a return on invested capital (ROIC) of 1.75% for the previous year, indicating weak capital returns [4]. - The historical median ROIC over the past decade was 5.47%, with the lowest recorded ROIC of 1.06% in 2023 [4]. - The company's cash flow situation is concerning, with cash and cash equivalents to current liabilities ratio at 78.18% [4]. - The interest-bearing debt ratio reached 25.18%, highlighting potential debt concerns [4]. - Accounts receivable to profit ratio stood at 635.72%, suggesting challenges in receivables management [4]. Shareholder Information - The largest fund holding Jingxing Paper is Guolian Xin Value Mixed A, with a holding of 15,400 shares and a current fund size of 0.12 billion yuan [5].

据证券之星公开数据整理，近期景兴纸业（002067）发布2025年中报。截至本报告期末，公司营业总收 入26.29亿元，同比下降1.69%，归母净利润5503.38万元，同比上升15.37%。按单季度数据看，第二季 度营业总收入14.4亿元，同比上升2.18%，第二季度归母净利润7845.62万元，同比上升200.6%。本报告 期景兴纸业盈利能力上升，毛利率同比增幅20.41%，净利率同比增幅24.96%。 本次财报公布的各项数据指标表现一般。其中，毛利率9.15%，同比增20.41%，净利率2.18%，同比增 24.96%，销售费用、管理费用、财务费用总计1.34亿元，三费占营收比5.11%，同比增11.92%，每股净 资产4.62元，同比增0.46%，每股经营性现金流-0.39元，同比减584.17%，每股收益0.04元 | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 26.75 Z | 26.29亿 | -1.69% | | 归母净利润(元) | 4770.39万 | 5503.38万 | 15.37% | ...

Core Insights - Jingxing Paper (002067.SZ) released its semi-annual report for 2025 on August 27, 2025, indicating a total of 2 institutional investors holding shares, with a combined holding of 4.7391 million shares, representing 0.38% of the total share capital [1] - The institutional holding ratio decreased by 0.13 percentage points compared to the previous quarter [1] - Foreign investment sentiment showed an increase with one foreign fund, BARCLAYS BANK PLC, increasing its holdings, while UBS AG was not disclosed in the current period [1]

Core Points - Zhejiang Jingxing Paper Industry Co., Ltd. held its 18th meeting of the 8th Board of Directors on August 26, 2025, with all 9 directors participating in the vote [1] - The meeting approved several important proposals, including the 2025 semi-annual report and amendments to various internal regulations [2] Group 1 - The meeting approved the full text and summary of the 2025 semi-annual report, which was reviewed by the audit committee [2] - The company decided to amend its Articles of Association to enhance governance and operational standards, pending shareholder approval [2] - Amendments were also made to the Rules of Procedure for Shareholders' Meetings and the Rules of Procedure for Board Meetings, which will require shareholder approval [2] Group 2 - The meeting approved revisions to the Independent Director Work Guidelines and the Profit Distribution Management System, both of which are subject to shareholder approval [2] - The company also revised its External Guarantee System and Related Party Transaction Decision-Making System, pending shareholder approval [2] - A proposal to hold the third extraordinary general meeting of shareholders on September 15, 2025, was also approved, with details to be disclosed [2]

股票代码：002067 2025 年半年度财务报告 浙江景兴纸业股份有限公司 2025 年 8 月 27 日 浙江景兴纸业股份有限公司 2025 年半年度财务报告 浙江景兴纸业股份有限公司 2025 年半年度财务报告 编制单位：浙江景兴纸业股份有限公司 2025 年 06 月 30 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 904,790,937.92 | 1,458,056,371.08 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | 156,466,393.79 | 182,995,724.93 | | 衍生金融资产 | | 5,308,595.35 | | 应收票据 | | | | 应收账款 | 453,044,040.11 | 471,617,236.81 | | 应收款项融资 | 405,290,275.02 | 402,500,978.92 | | 预付款项 | 23,456,354.02 | 15,792,766.15 | | 应收保费 | | | | 应收分保账 ...

浙江景兴纸业股份有限公司 章程修订对照表 浙江景兴纸业股份有限公司（以下简称"公司"）于 2025 年 8 月 26 日召开了八届 董事会十八次会议，会议审议通过了关于修订《公司章程》的议案。 根据中国证监会《关于新<公司法>配套制度规则实施相关过渡期安排》及《中华人 民共和国公司法》《上市公司章程指引》《深圳证券交易所股票上市规则》《深圳证券交 易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等法律法规及规范性文 件的规定，为进一步提高公司规范运作水平，完善公司治理水平，结合公司实际情况， 对《公司章程》部分条款进行了修订。 现对修订情况做以下说明： 1. 统一将原《公司章程》中的"股东大会"表述修改为"股东会"； 2. 统一将原《公司章程》中的"监事会"、"监事"删除或根据具体情况表述修改 为"审计委员会"或"审计委员会成员"等； 3. 统一将原《公司章程》中的"股份的种类"、"同一种类股份"表述修改为"股 份的类别"、"同一类别股份"； 4. 统一将原《公司章程》中的"半数以上"表述修改为"过半数"； 5. 对《公司章程》各条款中仅包含上述第 1-5 项描述修订及其他不影响条款含义 的无实质 ...

证券代码：002067 证券简称：景兴纸业 编号：临 2025-054 浙江景兴纸业股份有限公司 关于计提资产减值准备的公告 单位：元 | 项目 | 资产名称 | 本期发生额 | | --- | --- | --- | | 信用减值损失 | 应收账款坏账损失 | 692,190.65 | | | 其他应收款坏账损失 | -135,779.19 | | | 小计 | 556,411.46 | | 资产减值损失 | 存货跌价损失及合同履约成本减值损失 | -10,982,398.30 | | | 小计 | -10,982,398.30 | | | 合计 | -10,425,986.84 | 二、计提资产减值准备的具体情况 1.信用减值损失 根据新金融工具准则要求以及公司会计政策、内部控制制度规定，本着审慎经 营、有效防范化解资产损失风险的原则，公司对截至 2025 年 6 月 30 日的金融工具 进行了全面的清查和减值测试。本期应收账款及其他应收款共计提信用减值损失 -556,411.46 元。 2.资产减值损失 资产负债表日，存货采用成本与可变现净值孰低计量，按照成本高于可变现净 值的差额计提存货跌价准备。直接 ...

编制单位：浙江景兴纸业股份有限公司 单位：人民币万元 小计 小计 小计 总计 控股股东、实际控制人及其附 属企业 南京景兴纸业有限公司 全资子公司 应收账款 2,571.68 2,571.68 销售货物 经营性往来 平湖市景兴包装材料有限公司 全资子公司 应收账款 6,599.37 4,195.26 8,122.44 2,672.19 销售货物 经营性往来 浙江景兴纸品商贸有限公司 控股子公司 应收账款 564.85 185.18 397.84 352.19 销售货物 经营性往来 上海景兴实业投资有限公司 全资子公司 其他应收款 5,000.00 7,263.87 2,263.87 往来款 非经营性往来 景兴控股（马）有限公司 全资子公司 其他应收款 5,469.89 83,765.78 634.78 1,048.90 88,821.55 往来款 非经营性往来 南京景兴纸业有限公司 全资子公司 其他应收款 300.00 4,204.50 3,904.50 往来款 非经营性往来 其他关联方及其附属企业 总计 12,634.11 102,186.27 634.78 14,869.18 100,585.98 202 ...

证券代码：002067 证券简称：景兴纸业 编号：临 2025-053 浙江景兴纸业股份有限公司 关于召开 2025 年第三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。 浙江景兴纸业股份有限公司（以下简称"公司"）八届董事会第十八次会议决 定召开公司 2025 年第三次临时股东大会，本次股东大会将采取现场投票与网络投票 相结合的表决方式，现将本次股东大会的有关事项通知如下： 一、会议召开基本情况 1.股东大会届次：2025 年第三次临时股东大会。 2.会议召集人：公司董事会，经八届董事会第十八次会议决定召开。 3.本次股东大会的召集、召开符合《公司法》《上市公司股东大会规则》等有 关法律法规和《公司章程》的规定。 4.会议召开时间： （1）现场会议召开时间：2025 年 9 月 15 日（星期一）13:30-15:00。 （2）网络投票时间：2025 年 9 月 15 日。 其中，通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 9 月 15 日 上午 9:15—9:25，9:30—11:30 和 13:00—15:00；通 ...