Group 1 - The company Zhejiang Jingxing Paper Industry Co., Ltd. plans to repurchase its shares using a budget of no less than 80 million yuan and no more than 150 million yuan within 12 months from the approval date of the plan [1] - The repurchase will be conducted through the Shenzhen Stock Exchange trading system at a price not exceeding 4.00 yuan per share, and the repurchased shares will be used for converting the company's convertible bonds [1] - As of August 31, 2025, the company has repurchased a total of 1,293,300 shares, accounting for 0.1010% of the total share capital, with a total transaction amount of 4,574,147 yuan [2] Group 2 - The highest transaction price during the repurchase was 3.60 yuan per share, while the lowest was 3.47 yuan per share, all within the established price limit [2] - The company will continue to implement the repurchase plan based on market conditions and will fulfill its information disclosure obligations as required [2]

Summary of Key Points Core Viewpoint - Jingxing Paper (002067.SZ) has announced a share buyback program, indicating a commitment to enhancing shareholder value through capital management strategies [1] Group 1: Share Buyback Details - As of August 31, 2025, the company has repurchased a total of 1.2933 million shares, which represents 0.1010% of the total share capital [1] - The highest transaction price during the buyback was 3.60 CNY per share, while the lowest was 3.47 CNY per share [1] - The total amount spent on the buyback reached approximately 4.574147 million CNY, excluding transaction fees [1]

一、回购股份的具体情况 证券代码：002067 证券简称：景兴纸业 公告编号：临 2025-055 浙江景兴纸业股份有限公司 关于回购公司股份的进展公告 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。 浙江景兴纸业股份有限公司（以下简称"公司"）于2024年10月30日召开八届 董事会第十次会议及八届监事会第九次会议，于2024年11月19日召开2024年第二次 临时股东大会，审议通过了《关于回购公司股份方案的议案》，同意公司自股东大 会审议通过之日起12个月内使用不低于人民币8,000万元（含），不超过人民币 15,000万元（含）自有资金或自筹资金，通过深圳证券交易所交易系统以集中竞价 交易方式以不超过4.00元/股（含）的价格回购部分公司股份，回购的股份将用于 转换公司发行的可转换为股票的公司债券。具体内容详见公司于2024年10月31日披 露于《证券时报》及巨潮资讯网（http://www.cninfo.com.cn）上《关于回购公司股 份方案的公告》（公告编号：临2024-079）。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第 ...

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 ...