Financial Performance - The company's operating revenue for 2022 was CNY 6,227,218,533.79, a slight increase of 0.04% compared to CNY 6,224,614,594.70 in 2021[21]. - The net profit attributable to shareholders decreased by 73.34% to CNY 117,594,321.67 from CNY 441,121,948.56 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was CNY 98,006,001.75, down 77.71% from CNY 439,626,558.95 in 2021[21]. - Basic earnings per share decreased by 73.68% to CNY 0.10 from CNY 0.38 in the previous year[21]. - The comprehensive gross margin for the company declined by 9.63% compared to the previous year, reflecting the challenging market conditions[47]. - The company's operating profit decreased significantly by 74.16% to CNY 125,799,549.64, and net profit attributable to shareholders fell by 73.34% to CNY 117,594,321.67[47]. - The total revenue for 2022 was CNY 6,227,218,533.79, a slight increase of 0.04% compared to CNY 6,224,614,594.70 in 2021[73]. - The revenue from raw paper accounted for 81.00% of total revenue, amounting to CNY 5,044,437,001.91, which represents a decrease of 5.00% year-on-year[73]. - The company’s revenue from life paper products increased significantly by 104.11% to CNY 641,971,964.01, compared to CNY 314,519,197.00 in the previous year[73]. Cash Flow and Investments - The net cash flow from operating activities increased significantly by 271.49% to CNY 925,627,292.10 from CNY 249,165,915.12 in 2021[21]. - Total cash inflow from operating activities was CNY 7,043,552,582.37, reflecting a growth of 17.72% from CNY 5,983,356,532.63 in 2021[91]. - Total cash outflow from operating activities was CNY 6,117,925,290.27, an increase of 6.69% from CNY 5,734,190,617.51 in 2021[91]. - Investment cash inflow decreased by 62.24% to CNY 326,506,245.64 in 2022, down from CNY 864,793,089.73 in 2021[92]. - The net cash flow from investment activities was -CNY 654,751,226.92 in 2022, a decrease of 38.17% from -CNY 473,873,169.63 in 2021[92]. - The company invested CNY 30 million to acquire a 15% stake in Xuancheng Zhenghai Capital Venture Investment Fund, becoming a limited partner[62]. - The company has committed a total of CNY 85 million to the Shanghai Jinpu Guodiao M&A Equity Investment Fund, which has invested in multiple projects, including CNY 5 million in Beijing Bangbang Safety Technology Co., Ltd.[63]. Market and Industry Outlook - The packaging paper market is highly sensitive to macroeconomic changes, with significant growth potential due to the increasing per capita consumption of paper in China[33]. - The company faces a challenging operating environment due to global economic fluctuations and declining demand in the packaging paper market[32]. - The Chinese government's strict environmental and energy policies are driving changes in the industry structure, leading to increased concentration and higher barriers to entry[34]. - The company is expected to benefit from policies aimed at stimulating investment and consumption, which could enhance profitability in the packaging paper sector[32]. - The cancellation of import tariffs on most finished paper products may lead to increased competition from external suppliers in the future[32]. Production and Capacity - The company primarily engages in the production and sales of industrial packaging paper, cardboard, and various types of household paper, with key products including kraft linerboard and corrugated paper[38][39]. - The company produced 1,475,600 tons of various packaging paper, a decrease of 0.73% year-on-year, while sales increased by 0.73% to 1,401,000 tons[51]. - The life paper division's production capacity increased from 68,000 tons to 188,000 tons, reflecting the company's investment in expanding its product offerings[52]. - The company has initiated the construction of a 60,000-ton deinking pulp production line, which will replace part of the bleached broadleaf pulp for producing recycled eco-friendly household paper[59]. Research and Development - The company invested 215.34 million yuan in research and development, completing 31 out of 34 technical projects and 19 out of 44 technical transformation projects[60]. - The company developed new products including high-strength corrugated paper and eco-friendly high-compression-resistant corrugated paper, which have passed certification[60]. - Research and development expenses increased by 20%, totaling 300 million RMB, focusing on sustainable production technologies[64]. - The company is focusing on enhancing its R&D capabilities in new electronic components, with a focus on high-performance resistors and capacitors[67]. Strategic Initiatives and Future Plans - The company plans to ensure the operation of the 800,000-ton waste paper pulp project in Malaysia and the 60,000-ton deinked pulp project to enhance self-sufficiency in quality raw materials[134]. - The company will implement a digital operation platform to achieve 100% data collection coverage and improve production transparency and efficiency[137]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2025[64]. - The company aims to become the most excellent and professional paper supplier in China, focusing on customer growth and product value enhancement[133]. Governance and Compliance - The board of directors consists of 9 members, including 3 independent directors, and operates in compliance with relevant laws and regulations[156]. - The supervisory board is composed of 3 members, including 1 employee representative, and effectively supervises the company's financial and operational compliance[157]. - The company disclosed a total of 98 documents during the reporting period, including 57 announcements, ensuring transparency and timely information sharing[158]. - The company has established a strict insider information management system, ensuring compliance and confidentiality in handling sensitive information[160]. Employee Management and Development - The total number of employees at the end of the reporting period was 2,077, with 1,040 in the parent company and 1,037 in major subsidiaries[190]. - The company has a competitive salary structure, including basic and performance-based wages, to attract and retain talent[192]. - The company conducted 24 training sessions, organizing a total of 137 events, training 1,249 participants during the reporting period[194]. - The company has established a complete employee growth and promotion system to enhance operational performance[192].

证券代码：002067 证券简称：景兴纸业 浙江景兴纸业股份有限公司投资者关系活动记录表 | --- | --- | |-------------------|----------------------------------------------------| | | | | 投 资 者 关 系 活 | | | 动类别 | 特定对象调研 | | 参 与 单 位 名 称 | 中信证券股份有限公司 胡玉峰 | | 及人员姓名 | 工银瑞信基金管理有限公司 黄璐 | | 时间 | 2015 年 9 月 23 日下午 2 点 | | 地点 | 浙江景兴纸业股份有限公司会议室 | | 上 市 公 司 接 待 | 董事副总经理财务总监盛晓英、副总徐海伟、证代吴艳芳 | | 人员姓名 | | | 投 资 者 关 系 活 | 1 、公司经营情况： | | 动 主 要 内 容 介 | 生产经营正常，销售情况一直可以，毛利空间较小。主 | | 绍 | 营这块近两年业绩不佳，行业情况不乐观，公司近期没 | | | 有重大资本性支出的准备，希望能保持目前的产能规 | | | 模，做细做强，努力度过行业的冬天。公司的主要客户 | ...

证券代码：002067 证券简称：景兴纸业 浙江景兴纸业股份有限公司投资者关系活动记录表 | --- | --- | |-------------------|-------------------------------------------------------| | | | | 投 资 者 关 系 活 | | | 动类别 | 特定对象调研 | | 参 与 单 位 名 称 | 富国基金罗鹏程、太平洋人寿文婧、兴业全球基金翟秀 | | 及人员姓名 | 华、汇添富基金 何彪、工银安盛人寿保险丁奎、刘俊杰、 | | | 招商证券孙倩倩、光大资管薛赞扬、袁尧、盛元君、东吴 | | | 基金 徐晓、上投摩根郭毅 | | 时间 | 2015 年 5 月 12 日上午 9 点 | | 地点 | 上海景兴实业投资有限公司会议室 | | 上 市 公 司 接 待 | 董事会秘书 姚洁青 | | 人员姓名 | 证券事务代表 吴艳芳 | | 投 资 者 关 系 活 | 1 、行业情况介绍：现有的产能过剩情况还是存在，同时， | | 动 主 要 内 容 介 | 由于技术升级，而使得行业内不得不进行一些设备的升 | | 绍 | ...

证券代码：002067 证券简称：景兴纸业 浙江景兴纸业股份有限公司投资者关系活动记录表 | --- | --- | |------------------------------|---------------------------------------------------| | 投 资 者 关 系 活 动类别 | 特定对象调研 | | 参 与 单 位 名 称 及人员姓名 | 上投摩根基金管理有限公司 熊林 | | 时间 | 2015 年 11 月 24 日上午 10： 30 | | 地点 | 上海景兴实业投资有限公司会议室 | | 上 市 公 司 接 待 人员姓名 | 董秘姚洁青、证代吴艳芳 | | 投 资 者 关 系 活 | 1 、主营情况 | | 动 主 要 内 容 介 | 三季报的主营是亏损的，生活用纸是新产能，产能释放 | | 绍 | 的过程中，对今年的业绩会有一定影响，前期市场推广 | | | 的费用比较高，目前，品牌初创期，同时，受到公司资 | | | 金实力 的影响，公司在广告上也没有办法做大投入，市 | | | 场竞争比较激励。主要产品箱板纸目前销量情况还可 | | | 以，但整体 ...

Group 1: Industry Situation - The paper industry is facing significant challenges, closely tied to the economic climate. If the economy continues to decline, there is a possibility of further deterioration in the operating environment [2] - The company is considering a shift towards venture capital due to the difficulties in the paper business, but the large asset scale and recent fixed asset investments make immediate transformation challenging [4] Group 2: Investment in Intelligent Robotics - The company is optimistic about the intelligent robotics sector and has identified a local enterprise, Zhicheng Intelligent, as a suitable investment opportunity due to its manageable investment size and potential for growth [2] - Zhicheng Intelligent has a relatively weak sales capability and is still in the early stages of its robotics business, but the management team has made some technological preparations and has a recognized vision for the future [4] Group 3: Investment Strategy and Concerns - The company is currently engaged in diversified investments across sectors such as pharmaceuticals, environmental protection, and intelligent robotics, primarily due to concerns about the economic situation [4] - The company has a cautious approach towards the Boyuan project, which is still in the trial production phase, and will only proceed with due diligence after the project officially commences production and achieves sales [4]

证券代码：002067 证券简称：景兴纸业 浙江景兴纸业股份有限公司投资者关系活动记录表 | --- | --- | --- | |-----------------------|-----------------------------------|----------------------------------------------------| | | | | | 投资者关系活 | □ 特定对象调研 □分析师会议 | | | | □ 媒体采访 □业绩说明会 | | | 动类别 | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ 其他 （请文字说明其他活动内容） | | | 参与单位名称 | | 海通证券 曾知 平安资管 赵旭城 周永冠 | | 及人员姓名 | | 浦银安盛基金 龚剑成 中欧基金 庄波 | | | | 万家基金 李黎亚 金元顺安 马婷婷 | | | | 国联安基金 王紫艳 安信证券 周文波 | | | 东兴证券 孙金琦 | | | 时间 | 2016 年 5 月 26 | 日 13： 30-14：30 | | 地点 | 上海景兴实业投资有限公司会议室 | ...

证券代码：002067 证券简称：景兴纸业 浙江景兴纸业股份有限公司投资者关系活动记录表 | --- | --- | |-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | 投 资 者 关 系 活 | | | 动类别 | 2015 年度投资者接待日 | | 参 与 单 位 名 称 | 个人投资者： 甘博、高成龙、张莉 | | 及人员姓名 | 长城国瑞：傅豪、周博、郑衍铨、赵国建 中银国际证券：赵综艺 | | | 中钰投资：王新立 | | 时间 | 2016 年 5 月 20 日 上午 9：30-11：30 | | 地点 | 浙江景兴纸业股份有限公司 707 会议室 | | 上 市 公 司 接 待 | 董事长朱在龙、董事监总经理王志明、董事副总 ...

证券代码：002067 证券简称：景兴纸业 浙江景兴纸业股份有限公司投资者关系活动记录表 编号：201601130 | --- | --- | --- | |-----------------------------|---------------------|----------------------------------------------------------------------------------------| | | □ | 特定对象调研 □分析师会议 | | 投资者关系活动 | | □媒体采访 □业绩说明会 | | 类别 | □ | 新闻发布会 □路演活动 | | | □现场参观 □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | 西南证券 蔡欣 | | | 人员姓名 | 中银国际 赵综艺 | | | 时间 | 2016 年 11 月 | 30 日 14：00-15：00 | | | | | | 地点 | | 浙江景兴纸业股份有限公司会议室 | | 上市公司接待人 | | 董事兼总经理王志明、董事副总经理兼财务总监盛晓英、董 事副总经理兼董秘姚洁青 证代吴艳芳 ...