证券日报网讯9月29日晚间，美盈森（002303）发布公告称，2025年9月29日，公司召开了职工代表大 会，经职工代表大会民主选举，选举刘兰芳女士担任公司职工董事。 ...

关于选举职工董事的公告 1 证券代码：002303 证券简称：美盈森 公告编号：2025-034 美盈森集团股份有限公司 关于选举职工董事的公告 刘兰芳女士符合《公司法》《公司章程》规定的有关职工董事任职资格和条件。刘兰 芳女士当选公司职工董事后，公司第六届董事会中兼任公司高级管理人员以及由职工代表 担任的董事人数未超过公司董事总数的二分之一，符合相关法律法规的要求。 特此公告。 美盈森集团股份有限公司董事会 2025 年 9 月 29 日 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 美盈森集团股份有限公司（以下简称"公司"）于 2025 年 9 月 29 日召开了 2025 年 第一次临时股东大会，审议通过了《关于修订<公司章程>及相关议事规则的议案》，根据 相关法律法规及规范性文件要求，公司增设 1 名职工董事，董事会将由 6 人组成，其中独 立董事 2 人，职工董事 1 人。 2025 年 9 月 29 日，公司召开了职工代表大会，经职工代表大会民主选举，选举刘兰 芳女士（简历详见附件）担任公司职工董事，任期至公司第六届董事会任期届满之日。 关于选举 ...

深圳市福田区中心五路 18 号星河中心大厦 19 层 电话：0755-23993388 传真：0755-86186205 邮编：518048 北京国枫（深圳）律师事务所 关于美盈森集团股份有限公司 2025 年第一次临时股东大会的 法律意见书 国枫律股字[2025]C0115 号 致：美盈森集团股份有限公司（贵公司） 北京国枫（深圳）律师事务所（以下简称"本所"）接受贵公司的委托，指派律师 出席并见证贵公司 2025 年第一次临时股东大会（以下简称"本次会议"）。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人 民共和国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》（以下简称 "《股东会规则》"）、《律师事务所从事证券法律业务管理办法》（以下简称"《证券法律 业务管理办法》"）、《律师事务所证券法律业务执业规则（试行）》（以下简称"《证券法 律业务执业规则》"）等相关法律、行政法规、规章、规范性文件及《美盈森集团股份有 限公司章程》（以下简称"《公司章程》"）的规定，就本次会议的召集与召开程序、召 集人资格、出席会议人员资格、会议表决程序及表决结果等事宜，出具本法律意见书 ...

2025 年第一次临时股东大会决议公告 （二）本次会议由第六届董事会召集，董事长王治军先生主持本次会议，公司全体董 事、监事以现场和通讯相结合的方式出席了本次会议，公司部分高级管理人员、见证律师 以现场方式列席了本次会议。本次会议的召集、召开与表决程序符合《公司法》及《公司 章程》的有关规定。 （三）通过现场和网络投票出席本次会议的股东及股东授权代表共 500 人，代表有效 表决权股份总数 657,858,811 股，占公司有效表决权股份总数的 42.9601％。 证券代码：002303 证券简称：美盈森 公告编号：2025-033 美盈森集团股份有限公司 2025 年第一次临时股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 特别提示： 1、本次股东大会未出现否决提案的情形； 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）美盈森集团股份有限公司（以下简称"公司"）2025 年第一次临时股东大会以 现场会议和网络投票相结合的方式举行。现场会议于 2025 年 9 月 29 日 14:50 起，在深圳 市光明 ...

证券之星消息，9月29日包装印刷板块较上一交易日上涨0.81%，康欣新材领涨。当日上证指数报收于 3862.53，上涨0.9%。深证成指报收于13479.43，上涨2.05%。包装印刷板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600076 | 康欣新材 | 2.91 | 5.05% | 45.13万 | 1.29亿 | | 000659 | 珠海中富 | 2.92 | 3.91% | 41.45万 | + 1.18亿 | | 002836 | 新宏泽 | 9.61 | 3.67% | 6.47万 | 6110.02万 | | 002831 | 裕同科技 | 26.95 | 3.42% | 6.14万 | 1.64亿 | | 002565 | 顺飘股份 | 7.37 | 3.22% | 34.26万 | 2.51亿 | | 002303 | 美盈森 | 4.62 | 2.90% | 58.17万 | 2.65亿 | | 301198 | 喜悦智行 | 11.42 | 2 ...

Investment Rating - The report maintains a "Positive" investment rating for the paper packaging industry, indicating an expectation of better performance compared to the relevant market index over the next 12 months [10]. Core Insights - The paper packaging market in China is characterized by low concentration, intense competition, and low profit margins. Leading companies possess better customer resources and capabilities for international expansion, with overseas revenue growth outpacing domestic growth. The report anticipates a 2-3 year period of overseas investment dividends, driven by the first-mover advantage of leading companies, strong customer bases, and funding advantages [2][6][25]. Summary by Sections Background: Supply Chain Transition and Advantages of Leading Companies - The trend of paper packaging companies expanding overseas is evident, with leading firms showing higher overseas revenue growth compared to domestic figures. For instance, in the first half of 2025, Yutong's overseas revenue grew by 27% while domestic revenue declined by 2%. Similarly, Meiyingsen's overseas revenue increased by 39% while domestic revenue fell by 6% [6][16]. - The competitive landscape in China's paper packaging market is fragmented, with a CR5 of approximately 15%. Leading companies like Yutong hold about 6% market share, facing pressure from smaller firms employing aggressive pricing strategies [7][25]. Outlook: Increased Overseas Revenue Share and Optimized Profit Structure - The profitability of domestic leading paper packaging companies is higher than that of local competitors in markets like India. For example, Yutong's net profit margin of 21.7% in the first half of 2024 surpassed that of TCPL, India's largest folding carton producer, which had a net profit margin of about 8% [8][33]. - The report highlights that overseas markets present opportunities for premium pricing due to supply-demand mismatches, particularly in emerging manufacturing bases where local companies struggle to meet the quality and compliance standards required by multinational brands [9][46]. Competitive Advantages of Leading Companies - Leading companies have established multiple overseas bases, enhancing their ability to meet customer needs and reduce delivery times. For instance, Yutong has set up 10 overseas bases in countries like Vietnam and India [28]. - The report emphasizes the importance of technological advantages, funding capabilities, and compliance with international standards, which smaller firms often lack. Leading companies can leverage their established relationships with major clients to mitigate risks associated with international expansion [32][28].

Market Performance - The packaging and printing sector increased by 0.52% on September 22, with Hai Shun New Materials leading the gains [1] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Top Gainers - Hai Shun New Materials (300501) closed at 18.09, up 10.37% with a trading volume of 161,500 shares and a turnover of 284 million yuan [1] - Ji You Co., Ltd. (603429) closed at 12.93, up 10.04% with a trading volume of 203,200 shares and a turnover of 252 million yuan [1] - Da Sheng Da (603687) closed at 9.45, up 4.42% with a trading volume of 297,300 shares and a turnover of 277 million yuan [1] Market Capital Flow - The packaging and printing sector experienced a net outflow of 92.57 million yuan from institutional investors, while retail investors saw a net outflow of 37.41 million yuan [2] - Speculative funds had a net inflow of 130 million yuan into the sector [2] Individual Stock Capital Flow - Ji You Co., Ltd. (603429) had a net inflow of 59.92 million yuan from institutional investors, while retail investors experienced a net outflow of 33.44 million yuan [3] - Mei Ying Sen (002303) saw a net inflow of 39.87 million yuan from institutional investors and a net outflow of 98.22 million yuan from retail investors [3] - Da Sheng Da (603687) had a net inflow of 29.47 million yuan from institutional investors, with retail investors experiencing a net outflow of 22.36 million yuan [3]

Group 1 - The core viewpoint of the report highlights that Meiyingsen (002303.SZ) has experienced significant growth in overseas sales and has demonstrated strong profitability [1] - The company is accelerating its overseas production capacity expansion, leading to a clearer global footprint [1]

Investment Rating - The investment rating for the company is not explicitly stated in the provided content, but the overall sentiment appears positive based on the analysis of growth and profitability metrics. Core Insights - The company has a diversified customer structure with approximately 40% of revenue from consumer electronics, 30% from home appliances, 10% from the automotive and new energy vehicle supply chain, and 10% from liquor, among others. This strategic focus on high-margin clients enhances its profitability compared to peers [1]. - The company has experienced significant growth in overseas sales, with a 40.4% year-on-year increase, while domestic revenue declined by 6.5%. The gross margin for overseas sales stands at 33.6%, indicating a more favorable competitive landscape abroad [2]. - The company is expanding its overseas production capacity, with five factories in Vietnam, Thailand, Malaysia, and Mexico, which is expected to enhance its market share and maintain high growth rates in the coming years [2]. Summary by Sections Customer Structure - The company’s customer base is well-diversified, with a focus on high-margin sectors, leading to superior profitability compared to industry peers [1]. Financial Performance - Domestic revenue for H1 2025 was 1.23 billion (down 6.5% YoY), while overseas revenue reached 652 million (up 40.4% YoY). The gross margin for domestic sales was 20.8%, while for overseas it was 33.6% [2]. - The company’s projected net profits for 2025-2027 are 370 million, 444 million, and 533 million respectively, with corresponding P/E ratios of 19.4X, 16.2X, and 13.5X [2]. Production Capacity - The company has established a strong overseas production presence, with plans for further expansion, particularly in Mexico, which is expected to come online soon. This strategic positioning is anticipated to enhance overall profitability and market share [2].

Market Overview - The Shanghai Composite Index closed at 3817.23 points, below the five-day moving average, with a decline of 0.38% [1] - The total trading volume of A-shares reached 1,922.39 billion yuan [1] Stocks Performance - A total of 365 A-shares broke through the five-day moving average today [1] - The stocks with the largest deviation rates include: - Green Island Wind (14.12%) - Yuma Technology (13.62%) - Tianshan Electronics (10.03%) [1] - Stocks with smaller deviation rates that just crossed the five-day moving average include: - Huaguang Source Sea - Guangli Technology - Taiji Co., Ltd. [1] Notable Stocks - Green Island Wind (301043) saw a price increase of 20.01% with a turnover rate of 9.51% [1] - Yuma Technology (300993) increased by 20.02% with a turnover rate of 15.44% [1] - Tianshan Electronics (301379) rose by 14.95% with a turnover rate of 20.34% [1] - Other notable stocks include: - Wanlima (300591) up by 13.05% - Wuxin Tunnel Equipment (835174) up by 13.20% [1]