Group 1 - The company, Zhejiang Jingxing Paper Industry Co., Ltd., has issued a convertible bond with a total amount of 1.28 billion yuan, consisting of 12.8 million bonds at a face value of 100 yuan each [2][3] - The bond is listed on the Shenzhen Stock Exchange under the name "Jingxing Convertible Bond" with the code "128130" since September 18, 2020 [3] - The conversion period for the bonds is from March 4, 2021, to August 30, 2026, with an initial conversion price set at 3.39 yuan per share [2][4] Group 2 - As of July 21, 2025, the company's stock has closed at or above 130% of the conversion price (4.41 yuan) for 9 trading days, indicating a potential trigger for the conditional redemption clause of the convertible bond [5] - The company’s board has the authority to redeem all or part of the unconverted bonds at face value plus accrued interest if the stock price meets the specified conditions [3][5] - The interest calculation for the bonds is based on the formula: IA = B × i × t / 365, where IA is the accrued interest, B is the total face value of the bonds held, i is the annual coupon rate, and t is the number of days from the last interest payment to the redemption date [5]

| 证券代码：002067 | 证券简称：景兴纸业 | 编号：临 | 2025-047 | | --- | --- | --- | --- | | 债券代码：128130 | 债券简称：景兴转债 | | | 浙江景兴纸业股份有限公司 关于"景兴转债"预计满足赎回条件的提示性公告 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。 特别提示： | 证券代码：002067 | | | | | 证券简称：景兴纸业 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 债券代码：128130 | | | | | 债券简称：景兴转债 | | | | | | | 转股价格：3.39 | 元/股 | | | | | | | | | | | 转股期限：2021 | 年 | 3 | 月 | 4 | 日至 2026 | 年 | 8 | 月 | 30 | 日 | 自 2025 年 7 月 21 日起至 2025 年 8 月 5 日，浙江景兴纸业股份有限公司（以 下简称"公司"） ...

Group 1 - The company, Jingxing Paper Industry, announced a share buyback program, having repurchased a total of 1,293,300 shares as of July 31, 2025, which represents 0.1029% of its total share capital [1]

Summary of Key Points Core Viewpoint - Jingxing Paper (002067.SZ) has announced a share buyback program, indicating confidence in its stock value and commitment to returning capital to shareholders [1] Group 1: Share Buyback Details - As of July 31, 2025, the company has repurchased a total of 1.2933 million shares, which represents 0.1029% 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]

证券代码：002067 证券简称：景兴纸业 公告编号：临 2025-046 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9 号——回购股份》等相 ...

Market Overview - The paper sector experienced a slight decline of 0.16% on July 30, with Jingxing Paper leading the drop [1] - The Shanghai Composite Index closed at 3615.72, up 0.17%, while the Shenzhen Component Index closed at 11203.03, down 0.77% [1] Individual Stock Performance - Notable gainers included Songyang Resources, which rose by 4.03% to a closing price of 16.01, with a trading volume of 227,700 shares and a turnover of 371 million yuan [1] - Other gainers included Bohui Paper (+1.59%), Xianhe Co. (+0.94%), and Taiyang Paper (+0.77%) [1] - Decliners included Yueyang Forest Paper (-0.21%), Qifeng New Materials (-0.22%), and Hengda New Materials (-0.43%) [1] Capital Flow Analysis - The paper sector saw a net outflow of 233 million yuan from institutional investors, while retail investors contributed a net inflow of 192 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors showed interest [2] Detailed Capital Flow for Selected Stocks - Songyang Resources had a net inflow of 13.27 million yuan from institutional investors, but a net outflow of 20.83 million yuan from retail investors [3] - Bohui Paper experienced a net inflow of 5.21 million yuan from institutional investors, with retail investors showing a net outflow [3] - Hengda New Materials saw a net inflow of 3.63 million yuan from institutional investors, but a significant net outflow from retail investors [3]

Core Viewpoint - The A-share market showed positive performance with major indices rising, driven by strong sectors such as hydropower, steel, and robotics, while financial sectors faced declines [1][2]. Group 1: Sector Performance - The hydropower sector experienced significant gains, with multiple stocks including China Power Construction and Tibet Tianlu hitting the daily limit [2]. - The steel sector also saw upward movement, with stocks like Xining Special Steel and Bayi Steel reaching the daily limit [1]. - The building materials and cement stocks continued their strong performance, with Huaxin Cement showing notable strength [1]. - The robotics sector was active, with stocks such as Jingxing Paper and Jinfat Technology hitting the daily limit [1]. - In contrast, the financial sector, including insurance and banking, faced declines, contributing to the overall market volatility [1]. Group 2: Institutional Insights - CITIC Securities highlighted that the new growth sectors are crucial for breaking through key index levels, suggesting a focus on mainline logic rather than worrying about index fluctuations [4]. - Zhongyin Securities pointed out that overseas expansion remains a strong performance driver, with expectations of a sector-wide rally post mid-year reporting season [5]. - Dongfang Securities noted that the market's logic of relying on dividends will continue, with long-term funds supporting sectors like banking and insurance, while tech stocks serve as supplementary opportunities [6].

Group 1 - The paper industry is experiencing a significant upward trend, with notable stock price increases for several companies [1] - Jingxing Paper Industry (002067) has reached its daily limit increase, indicating strong market performance [1] - Rongsheng Environmental Protection (603165) has seen a rise of over 9%, reflecting positive investor sentiment [1] Group 2 - Other companies in the sector, such as Sun Paper Industry (002078), Minfeng Special Paper (600235), and Yueyang Forest Paper (600963), are also witnessing stock price increases, suggesting a broader industry rally [1]

Group 1 - The robotics sector showed significant activity in early trading, with companies like Jingxing Paper and Jinfat Technology hitting the daily limit up [1] - Changsheng Bearing increased by over 10%, while Wolong Electric Drive also reached the limit up, indicating strong investor interest in the sector [1] - Other companies such as Zhongdali De, Jiangsu Leili, Mingzhi Electric, and Green Harmonic also experienced notable gains [1] Group 2 - The China Securities Regulatory Commission announced that Yushu Technology has commenced its listing guidance, with CITIC Securities serving as the advisory institution [1] - Zhiyuan Robotics stated that it will showcase the world's first truly data-driven embodied intelligent robotic logistics operation at the WAIC 2025 exhibition in collaboration with DeMa Technology on July 27 [1]

Group 1 - The paper industry is experiencing a rise, with Yibin Paper (600793) hitting the daily limit increase [1] - Forest Packaging (605500) previously reached the limit, while Jingxing Paper (002067), Hengda New Materials (301469), and Songyang Resources (603863) also saw gains [1]