Core Viewpoint - Xiamen Hexing Packaging Printing Co., Ltd. has made significant progress in its fifth share repurchase plan, having repurchased over 14.58 million shares, which is approximately 1.20% of its total share capital, with a total transaction amount nearing the lower limit of the repurchase fund [1][3]. Group 1: Repurchase Plan Background - The fifth share repurchase plan was approved on May 16, 2025, by the seventh board of directors, with a total fund range set between 50 million yuan and 100 million yuan [2]. - The repurchase is intended for employee stock ownership plans or equity incentive plans, utilizing self-owned and/or self-raised funds [2]. Group 2: Repurchase Details - As of October 31, 2025, the company has repurchased 14,588,805 shares at an average price between 3.20 yuan and 3.55 yuan per share, all below the adjusted upper limit of 4.50 yuan per share [3]. - The total transaction amount reached approximately 50.43 million yuan, exceeding the lower limit of 50 million yuan, accounting for about 50.43% of the planned repurchase fund range [3]. Group 3: Future Arrangements - The company will continue to implement the repurchase plan within the designated 12-month period, adhering to relevant regulations and fulfilling information disclosure obligations [4].

Core Viewpoint - The company, Hexing Packaging, announced the completion of its fifth share repurchase plan, having repurchased a total of 14,588,805 shares, which represents 1.20% of its current total share capital [1] Group 1 - The repurchase was conducted through a dedicated securities account via centralized bidding [1] - The repurchase plan is set to conclude on October 31, 2025 [1]

厦门合兴包装印刷股份有限公司 关于回购公司股份进展的公告 证券代码：002228 证券简称：合兴包装 公告编号：2025-111 号 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。 厦门合兴包装印刷股份有限公司（以下简称"公司"）于2025年5月16日召开第 七届董事会第五次会议，审议通过了《关于回购公司股份方案的议案》（以下简称 "第五期回购计划"），同意公司使用自有资金和/或自筹资金（含银行回购专项贷 款等）以集中竞价方式回购公司股份，回购的公司股份将用于实施员工持股计划或 股权激励计划。本次回购股份价格不超过人民币4.67元/股，回购资金总额不低于人 民币5,000万元（含）且不超过人民币10,000万元（含），回购股份期限自董事会审 议通过本次回购股份方案之日起12个月内。因公司实施2024年年度权益分派，公司 回购股份价格上限由4.67元/股（含）调整为4.50元/股（含）。具体内容详见公司于 2025年5月20日、2025年5月22日、2025年7月23日在《证券时报》《证券日报》和巨 潮资讯网（www.cninfo.com.cn）上披露的相关公告 ...

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。 证券代码：002228 证券简称：合兴包装 公告编号：2025-110 号 厦门合兴包装印刷股份有限公司 关于控股股东部分股份质押的公告 注：上表比例保留两位小数，若所涉数据的尾数差异或分项加总与合计数不符系四舍五 厦门合兴包装印刷股份有限公司（以下简称"公司"或"本公司"）于近日 接到本公司控股股东新疆兴汇聚股权投资管理有限合伙企业（以下简称"新疆兴 汇聚"）关于将其持有的本公司部分股份办理了质押业务的通知，具体事项如下： 一、股东股份质押的基本情况 | | 是否为控股 | 本次质押 数量 | 占其所 | 占公司 | 是否 为限 | 是否 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东名称 | 股东或第一 | | 持股份 | 总股本 | | 为补 | 质押起始日 | 质押到期日 | 质权人 | 质押 | | | 大股东及其 | （股） | 比例 | 比例 | 售股 | 充质 | | | | 用途 ...

Group 1 - The core point of the article is that Hexing Packaging (002228.SZ) has completed its fifth share repurchase plan, acquiring a total of 14,588,805 shares, which represents 1.20% of the company's total share capital [1] - The repurchase was conducted through a centralized bidding trading method and the total amount spent on the repurchase was RMB 50,433,875.70, excluding transaction fees [1] - The highest transaction price during the repurchase was RMB 3.55 per share, while the lowest was RMB 3.20 per share [1]

Core Viewpoint - Hexing Packaging is a leading enterprise in the mid-to-high-end corrugated cardboard packaging sector in China, showcasing significant investment value due to its full industry chain advantages [1] Group 1: Business Performance - In Q3 2025, Hexing Packaging achieved a revenue of 7.743 billion, ranking 2nd in the industry out of 21 companies, surpassing the industry average of 1.965 billion and the median of 916 million [2] - The main business segment, corrugated packaging, generated 4.555 billion, accounting for 88.38% of total revenue [2] - The net profit for the same period was 159 million, placing the company 4th in the industry, above the average of 116 million and the median of 69.388 million [2] Group 2: Financial Ratios - As of Q3 2025, Hexing Packaging's debt-to-asset ratio was 55.80%, a decrease from 56.69% year-on-year but still above the industry average of 35.30% [3] - The gross profit margin for Q3 2025 was 13.47%, an increase from 12.15% year-on-year, yet lower than the industry average of 21.53% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 4.61% to 25,400, while the average number of circulating A-shares held per shareholder decreased by 2.97% to 47,600 [5] - Among the top ten circulating shareholders, the newly added shareholder is the "Zhaoshang Quantitative Selected Stock Initiation A" fund, holding 7.0759 million shares [5] Group 4: Executive Compensation - The chairman, Xu Xiaoguang, received a salary of 735,500, a slight decrease of 100 from the previous year [4]

Core Viewpoint - Hexing Packaging (002228) announced that the company and its subsidiaries have no overdue external guarantees, no guarantees involved in litigation, and no losses incurred due to judgments against guarantees [1] Group 1 - The company confirmed the absence of overdue external guarantees [1] - There are no guarantees that are currently involved in any litigation [1] - The company has not incurred any losses due to judgments against guarantees [1]

证券代码：002228 证券简称：合兴包装 公告编号：2025-109 号 厦门合兴包装印刷股份有限公司 关于为子公司提供担保的进展公告 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。 一、担保情况概述 厦门合兴包装印刷股份有限公司（以下简称"公司"或"本公司"）于 2025 年 4 月 25 日及 2025 年 6 月 6 日召开的第七届董事会第四次会议及 2024 年年度股 东大会审议通过了《关于 2025 年度公司为控股子公司提供担保的议案》，同意公 司在 2025 年度为 6 家下属子公司的授信业务提供担保，担保的总额度不超过 3.70 亿元人民币。除了以往申请的担保根据合同约定继续执行外，剩余担保申请有效 期为 2024 年年度股东大会决议之日起至 2025 年年度股东大会召开日止，在上述 额度内发生的具体担保事项，授权公司董事长具体负责与金融机构签订相关担保 协议，不再另行召开董事会或股东大会，具体担保有效期以担保协议约定为准。 在授权期内，上述担保额度可循环使用。具体内容详见公司刊登于《证券时报》 《证券日报》和巨潮资讯网（www.cninfo. ...

Core Viewpoint - The company has reported significant changes in its financial position and has made provisions for asset impairment, reflecting a cautious approach to its financial management and operational strategy [11][12][14]. Financial Data Summary - The company reported a 31.13% decrease in prepaid expenses due to settlements during the reporting period [4]. - Assets held for sale and related liabilities increased by 100% due to plans to sell subsidiary equity [4]. - Construction in progress rose by 120.31% due to increased factory construction [5]. - Right-of-use assets increased by 92.12% due to additional leasing [6]. - Other non-current assets increased by 54.19% as certain prepaid expenses did not meet settlement conditions [5]. - Other payables decreased by 31.75% due to the payment of last year's dividends [5]. - Current portion of non-current liabilities decreased by 53.29% due to the maturity of convertible bonds [5]. - Other current liabilities increased by 132.71% due to an increase in endorsed and discounted notes [5]. - Long-term borrowings increased by 48.22% due to new long-term loans [6]. - Lease liabilities increased by 134.26% due to additional leasing [7]. - Financial expenses decreased by 30.12% due to reduced interest from debt-to-equity swaps [8]. - Other income decreased by 42.93% due to a reduction in VAT deductions [8]. - Non-operating income increased by 62.44% due to gains from equity acquisitions [8]. - Non-operating expenses increased by 51.16% due to tax penalties [8]. - Income tax expenses increased by 2,540.36% due to improved profitability and tax adjustments [8]. - Minority interests increased by 82.42% due to profits from non-wholly-owned subsidiaries [8]. - Net cash flow from financing activities increased by 94.59% due to increased bank loans and reduced debt repayments [8]. - Net increase in cash and cash equivalents rose by 417.71% due to increased cash flow from financing activities [8]. Asset Impairment Provision - The company has recognized an asset impairment loss totaling 40.83 million yuan for the first three quarters of 2025, reflecting a comprehensive review of its asset status [11][12]. - The impairment loss includes 40.81 million yuan for credit impairment losses, based on assessments of accounts receivable and other receivables [12]. - The company also recognized a minor inventory impairment of 1.52 thousand yuan [14]. Guarantee and Financing - The company plans to provide a guarantee of up to 1.652 billion yuan for its subsidiaries, which exceeds 50% of its latest audited net assets [18]. - The total expected guarantee amount for 2025 is projected to be no more than 2.022 billion yuan [18]. - The guarantees will support various financing needs, including bank loans and performance guarantees [18][19]. - As of October 28, 2025, the total external guarantees, including the new guarantees, do not exceed 20.72 billion yuan, representing 26.85% of the company's total audited assets [57].

厦门合兴包装印刷股份有限公司 厦门合兴包装印刷股份有限公司 董事、高级管理人员薪酬管理制度 第一章 总则 第一条 为构建并完善厦门合兴包装印刷股份有限公司（以下简称"公司"）董 事及高级管理人员的薪酬管理，有效调动公司董事及高级管理人员的工作积极性和创 造性，提高公司经营管理效益，依据《中华人民共和国公司法》《上市公司治理准则》 以及《厦门合兴包装印刷股份有限公司章程》（以下简称"《公司章程》"）等相关 规定，特制定本管理制度。 第二条 本制度适用范围为《公司章程》规定的董事和高级管理人员。 第三条 公司薪酬管理制度遵循以下原则： （一）公平原则，即收入水平与公司规模及业绩相匹配，并参考市场薪酬水平； （二）责、权、利统一原则，体现薪酬与岗位价值高低、所履行责任义务大小相 符； （三）长远发展原则，体现薪酬与公司持续健康发展的目标相符； 第四条 董事会薪酬与考核委员会作为对董事、高级管理人员薪酬进行管理、考 核及监督的专门机构，负责拟定薪酬计划或方案，对公司董事、高级管理人员开展年 度绩效考评，并提出年度绩效奖金方案。 第五条 公司人力资源中心协助董事会薪酬与考核委员会，对在公司内部任职的 董事，包括兼任高级 ...