包装板块走高，昇兴股份、嘉美包装午后直线拉升涨停，合兴包装、顺灏股份此前封板，宏裕包材涨超 10%，集友股份、宝钢包装、金富科技、华源控股、珠海中富等跟涨。 | SZ | 君兴股份 | 7.19 | +9.94% | +0.65 | | --- | --- | --- | --- | --- | | | 002752 | | | | | SZ | 嘉美包装 | 4.32 | +9.92% | +0.39 | | | 002969 | | | | | SZ | 合兴包装 | 4.72 | +10.02% | +0.43 | | | 002228 | | | | | SZ | 顺灏股份 | 11.90 | +9.98% | +1.08 | | | 002565 | | | | | SH | 集友股份 | 10.91 | +0.18% | +0.02 | | | 603429 | | | | | SH | 宝钢包装 | 5.30 | +2.91% | +0.15 | | | 601968 | | | | | SZ | 金富科技 | 20.51 | +1.79% | +0.36 | | | 003018 | | | ...

| SZ | 营兴股份 | 7.19 | +9.94% | +0.65 | | --- | --- | --- | --- | --- | | | 002752 | | | | | SZ | 嘉美包装 | 4.32 | +9.92% | +0.39 | | | 002969 | | | | | SZ | 合兴包装 | 4.72 | +10.02% | +0.43 | | | 002228 | | | | | SZ | 顺灏股份 | 11.90 | +9.98% | +1.08 | | | 002565 | | | | | SH | 集友股份 | 10.91 | +0.18% | +0.02 | | | 603429 | | | | | SH | 宝钢包装 | 5.30 | +2.91% | +0.15 | | | 601968 | | | | | SZ | 金富科技 | 20.51 | +1.79% | +0.36 | | | 003018 | | | | | SZ | 华源控股 | 12.90 | +7.05% | +0.85 | | | 002787 | | | | | SZ | 珠海中富 | 3.19 ...

Core Viewpoint - The A-share market in Fujian province has shown significant activity, with multiple stocks experiencing substantial gains, driven by favorable policies aimed at enhancing cross-strait economic cooperation and development [1][2]. Group 1: Stock Performance - Hongxiang Co. saw a 20% increase, reaching a market capitalization of 5.37 billion [2] - Zhongneng Electric surged by 15.19%, with a total market value of 5.67 billion [2] - Dineike rose by 10.74%, bringing its market cap to 4.13 billion [2] - Haixia Innovation increased by 10.14%, with a market value of 11.9 billion [2] - Longzhou Co. and Sanmu Group both experienced gains of over 10% [1][2] Group 2: Policy Support - Fujian province has introduced 12 new policies to benefit Taiwanese enterprises and enhance trade and cultural exchanges [1][3] - The "14th Five-Year Plan" emphasizes the construction of transportation and logistics infrastructure to facilitate cross-strait connections [1][3] - Future policies aim to strengthen economic integration between Fujian and Taiwan, leveraging RCEP rules for investment attraction [3]

Group 1 - The report emphasizes the trend of globalization in supply chains, indicating that Chinese companies are entering a new phase of overseas operations, leading to intensified competition and accelerated market share concentration [5][26][60] - The report highlights the advantages of Chinese design and R&D capabilities combined with global supply chain layouts, enabling some companies to transition towards brand exports [6][60] - There are structural investment opportunities in domestic retail, particularly in new AI hardware growth sectors and high-margin emotional consumption products, such as pet products and domestic brands [7][60] Group 2 - The packaging industry is experiencing a global supply chain shift, with leading companies enhancing their market share by aligning with downstream customer trends [7][12] - The report notes that the paper packaging sector has seen a decline in scale and profitability since 2021, but companies like Yutong Technology are maintaining their competitive edge and market share [13][22][23] - The report discusses the expected recovery in the metal packaging industry, driven by policy changes and industry consolidation, which may enhance profitability [8][53][56] Group 3 - The home furnishing sector is positioned at a valuation bottom with high dividend safety, as the real estate market stabilizes and demand for second-hand and replacement housing increases [8][12] - The report identifies opportunities for business expansion and mergers and acquisitions as companies seek to establish new growth trajectories [9][12] - The report highlights the importance of self-owned brands in the home furnishing sector, which have been increasingly developed since 2018 due to trade tensions [7][12]

证券代码：002228 证券简称：合兴包装 公告编号：2025-123 号 厦门合兴包装印刷股份有限公司 关于完成工商变更登记并换发营业执照的公告 厦门合兴包装印刷股份有限公司（以下简称"公司"）于2025年10月28日召 开第七届董事会第八次会议、2025年11月14日召开2025年第二次临时股东大会， 审议通过了《关于变更注册资本并修订<公司章程>的议案》，因公司可转债转 股，总股本由1,195,540,803股变更为1,213,385,629股，同意将注册资本由 1,195,540,803元变更为1,213,385,629元；同时，根据相关法律、法规及规范性文 件的规定，为确保公司治理与监管规定保持同步，结合公司实际情况，公司不再 设置监事会，监事会的职权由董事会审计委员会行使，公司对《公司章程》相关 条款进行修订，具体内容详见公司于2025年10月30日、2025年11月15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。 二、工商变更登记情况 近日，公司完成了《公司章程》相关内容修订的备案以及相关工商变更登记 手续，并取得了厦门市市场监督管理局换发的 ...

证券代码：002228 证券简称：合兴包装 公告编号：2025-122 号 厦门合兴包装印刷股份有限公司 关于变更签字会计师的公告 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 4 月 25 日 召开第七届董事会第四次会议、第七届监事会第三次会议、2025 年 6 月 6 日召 开 2024 年年度股东大会，审议通过了《关于续聘立信会计师事务所（特殊普通 合伙）为公司 2025 年度审计机构的议案》，同意聘任立信会计师事务所（特殊 普通合伙）（以下简称"立信"）为公司 2025 年度审计机构，聘期一年。具体 内容详见公司 2025 年 4 月 26 日披露的《关于续聘 2025 年度审计机构的公告》 （公告编号：2025-042）。 一、签字会计师变更情况说明 公司于近日收到立信出具的《关于变更签字合伙人的函》，立信作为公司 2025 年度的审计机构，原指派李福兴、李小欣为签字合伙人和签字注册会计师， 丁彭凯为质量控制复核人，为公司提供审计服务。因立信内部调整，现指派冯 万奇接替李福兴作为公司 ...

Market Overview - The packaging and printing sector experienced a decline of 0.86% on November 26, with HeXing Packaging leading the drop [1] - The Shanghai Composite Index closed at 3864.18, down 0.15%, while the Shenzhen Component Index rose to 12907.83, up 1.02% [1] Stock Performance - Jinfu Technology saw a significant increase of 9.99%, closing at 16.95, with a trading volume of 290,400 shares and a turnover of 478 million [1] - Kangxin New Material rose by 4.95%, closing at 2.97, with a trading volume of 863,100 shares and a turnover of 260 million [1] - HeXing Packaging experienced the largest decline of 5.57%, closing at 4.24, with a trading volume of 1,845,600 shares and a turnover of 785 million [2] Capital Flow - The packaging and printing sector saw a net outflow of 397 million from institutional investors, while retail investors contributed a net inflow of 294 million [2][3] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2][3] Individual Stock Capital Flow - Kangxin New Material had a net inflow of 40.43 million from institutional investors, but saw a net outflow of 3.34 million from retail investors [3] - Jiyou Co. experienced a net inflow of 11.65 million from institutional investors, with retail investors also withdrawing 469,440 [3] - Jinfu Technology had a minor net inflow of 3.09 million from institutional investors, while retail investors saw a small outflow [3]

Core Insights - The digital watermark concept has seen a rise of 3.89%, ranking 10th among concept sectors, with 29 stocks increasing in value, including notable gainers such as Nanwei Software, Hexing Packaging, and ST Zhengtong, which hit the daily limit up [1][2]. Market Performance - The top-performing concept sectors today include: - China Shipbuilding System: +6.63% - Hainan Free Trade Zone: -2.19% - Xiaohongshu Concept: +4.76% - Salt Lake Lithium Extraction: -1.40% - Military Information Technology: +4.63% - Phosphate Chemical: -0.88% - Terahertz: +4.47% - Free Trade Port: -0.50% - Kuaishou Concept: +4.14% - Web 3.0: +3.89% - Digital Watermark: +3.89% [2]. Capital Flow - The digital watermark sector attracted a net inflow of 185 million yuan, with 17 stocks receiving net inflows, and 10 stocks exceeding 10 million yuan in net inflow. The leading stock in net inflow is Nanwei Software, with 281 million yuan, followed by Hexing Packaging and Hengxin Oriental with 156 million yuan and 37.44 million yuan, respectively [2][3]. Stock Performance - Key stocks in the digital watermark sector include: - Nanwei Software: +9.98%, turnover rate 12.90%, net inflow 281.27 million yuan, net inflow rate 27.20% - Hexing Packaging: +9.93%, turnover rate 13.78%, net inflow 155.77 million yuan, net inflow rate 22.40% - Hengxin Oriental: +8.33%, turnover rate 11.51%, net inflow 37.44 million yuan, net inflow rate 9.29% - Xinghuan Technology: +5.32%, turnover rate 9.59%, net inflow 25.65 million yuan, net inflow rate 4.19% - Haitan Ruisheng: +7.45%, turnover rate 5.57%, net inflow 24.61 million yuan, net inflow rate 6.87% [3][4].

AI and Technology - Google has released a new image model, attracting attention in the AI sector [2] - 360, a leader in AI search, has developed the 360 Smart Brain with ten core capabilities and hundreds of detailed functions, reporting a net loss of 120 million in Q3, narrowing from mid-year losses [2] - Jiuxi Software has launched its new generation large model application management platform, Nvwa GPT, which integrates and provides capabilities for large model management and intelligent orchestration [2] Aerospace and Defense - Japan has announced the deployment of missiles in sensitive areas, impacting defense-related companies [2] - Aerospace Power, a subsidiary of the Aerospace Science and Technology Group, has seen stock performance with a recent increase [2] - China Shipbuilding Industry Group, which controls multiple defense-related companies, is the only military ship production base in South China [2] E-commerce and Retail - Alibaba's "Qianwen" app has surpassed 10 million downloads in its first week of public testing [3] - Sanjiang Shopping, the largest local supermarket chain in Zhejiang, has Alibaba as its second-largest shareholder and is involved in the sale of prepared dishes [3] - DataPort, a leading data center company, provides infrastructure solutions and serves major internet companies like Alibaba, Tencent, Baidu, and NetEase [3] Real Estate - Multiple regions have issued notifications to promote the stable and healthy development of the real estate market [5] - Everbright Jiabao, a real estate development company under Everbright Group, focuses on non-performing asset management in Zhejiang [5] Automotive - GAC Group has officially launched its all-solid-state battery pilot production line [5] - Jinlong Automobile, a major bus manufacturer, has partnered with Baidu to produce China's first commercial-grade autonomous micro-circulation vehicle [5] Renewable Energy - Guosheng Technology, a top global manufacturer of heterojunction products, is focusing on high-efficiency solar cells and has plans for a solid-state battery project [6] - Hemei Group's subsidiary is investing in a green hydrogen project with an estimated total investment of around 700 million [6] Food and Beverage - Xinhua Du, a leading e-commerce platform for liquor, has seen stock performance with a recent increase [4] - Hasi Lian, a beauty brand, is focusing on skincare products and has developed a series of medical-grade dressings [5]

Core Viewpoint - The A-share market shows mixed performance with the Shanghai Composite Index at 3842.22 points, slightly below the five-day moving average, indicating a modest increase of 0.19% [1] Group 1: Market Overview - The total trading volume of A-shares reached 13759.48 billion yuan [1] - A total of 725 A-shares have surpassed the five-day moving average today [1] Group 2: Stocks with Significant Deviation - The stocks with the largest deviation from the five-day moving average include: - Jin Cheng Zi (金橙子) with a deviation rate of 13.07%, closing at 34.84 yuan after a 20.01% increase [1] - Zhao Biao Gu Fen (招标股份) with a deviation rate of 12.88%, closing at 16.32 yuan after a 20.00% increase [1] - Hang Tian Huan Yu (航天环宇) with a deviation rate of 11.54%, closing at 29.77 yuan after a 19.99% increase [1] Group 3: Other Notable Stocks - Other notable stocks with significant performance include: - Tie Tuo Ji Xie (铁拓机械) with a 13.21% increase and a deviation rate of 10.44% [1] - Zhuo Yi Xin Xi (卓易信息) with a 14.59% increase and a deviation rate of 10.37% [1] - He Xing Bao Zhang (合兴包装) with a 9.93% increase and a deviation rate of 8.00% [1]