Core Viewpoint - The stock of Hexing Packaging has shown a positive trend with a year-to-date increase of 28.67%, despite a decrease in revenue for the first nine months of 2025 [1][2]. Group 1: Stock Performance - As of November 10, Hexing Packaging's stock price rose by 2.25% to 3.64 CNY per share, with a trading volume of 65.73 million CNY and a turnover rate of 1.51%, resulting in a total market capitalization of 4.42 billion CNY [1]. - The stock has experienced a net inflow of 2.91 million CNY from main funds, with significant buying and selling activities recorded [1]. - Over the past five trading days, the stock has increased by 4.30%, and over the past 20 days, it has risen by 8.66% [1]. Group 2: Financial Performance - For the period from January to September 2025, Hexing Packaging reported a revenue of 7.74 billion CNY, reflecting a year-on-year decrease of 9.84%, while the net profit attributable to shareholders increased by 10.52% to 160 million CNY [2]. - Cumulatively, the company has distributed 1.29 billion CNY in dividends since its A-share listing, with 488 million CNY distributed over the last three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Hexing Packaging increased by 4.61% to 25,400, while the average circulating shares per person decreased by 2.97% to 47,627 shares [2]. - Among the top ten circulating shareholders, a new shareholder, the China Merchants Quantitative Selected Stock Fund, holds 7.08 million shares, ranking as the ninth largest shareholder [3].

Core Viewpoint - 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] Summary by Sections Share Repurchase Details - The company repurchased shares through a centralized bidding transaction, with a maximum transaction price of 3.55 CNY per share and a minimum price of 3.20 CNY per share [1] - The total amount spent on the repurchase reached 50,433,875.70 CNY (excluding transaction fees) [1] - The repurchase amount has met the lower limit of the planned repurchase total of 50 million CNY and has not exceeded the upper limit of 100 million CNY [1] Compliance and Timeline - The repurchase adheres to relevant laws and regulations and aligns with the established repurchase plan [1] - The actual repurchase period was from August 12, 2025, to October 30, 2025 [1]

证券代码：002228 证券简称：合兴包装 公告编号：2025-112 号 厦门合兴包装印刷股份有限公司 关于回购公司股份实施完成暨股份变动的公告 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。 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 ...

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]