证券日报网讯美盈森（002303）11月14日发布公告，在公司回答调研者提问时表示，现金分红是监管机 构要求和鼓励支持的，同时也是回报股东非常重要的方式。未来，公司会继续重视分红，但分红金额和 分红比例需要根据经营情况、资金情况和资本性开支等综合确定。 ...

Core Viewpoint - Meiyingsen (002303) announced on November 14 that its investment properties mainly consist of leased office buildings, factories, and apartments, and any potential impairment in the future will be determined based on evaluation results [1] Summary by Category - **Investment Properties** - The company’s investment properties include leased office buildings, factories, and apartments [1] - **Future Impairment Assessment** - Future impairment of these properties will depend on the results of evaluations [1]

证券日报网讯美盈森（002303）11月14日发布公告，在公司回答调研者提问时表示，公司2026年的发展 目标是国内争取实现企稳回升，海外业务争取实现较快增长。 ...

证券日报网讯美盈森（002303）11月14日发布公告，在公司回答调研者提问时表示，目前海外业务总体 竞争格局较稳定。公司由于出海较早具有一定的先发优势，加之在产品研发设计、服务、多区域布局等 综合优势，具有一定的竞争优势。目前来看，公司所在海外区域行业集中度相对要高一些。 ...

证券日报网讯美盈森（002303）11月14日发布公告，在公司回答调研者提问时表示，海外业务主要以收 美元为主。公司密切关注汇率波动情况，并根据公司外币业务收入占比及币种等实际情况，与银行充分 沟通及开展结汇，尽可能降低汇率波动对公司的影响。同时，公司也加大了对外币业务收入占比增加带 来的汇兑损益波动应对措施的研究力度，不排除后期做一些风险对冲工作的可能性。 ...

Core Viewpoint - The company Meiyingsen (002303) has reached a settlement with Zheshang Bank (601916) regarding a financial contract dispute, with the agreement currently being executed [1] Group 1 - The major shareholder of the company and Zheshang Bank reached a settlement last year concerning a financial business contract dispute [1] - The settlement agreement includes full payment of the amount due in 2025, which has already been completed, and orderly payments for the amount due in 2026 are ongoing [1] - The company expects to complete the payments within the agreed timeline of the settlement [1]

证券日报网讯美盈森（002303）11月14日发布公告，在公司回答调研者提问时表示，近年来，公司跟随 客户，加强了海外布局。这两年，海外业务快速增长，推动了公司稳健发展。公司的目标是争取国内业 务稳健发展，海外业务快速发展。如果海外市场拓展不达预期，将对公司发展目标达成有一定影响。 ...

Core Viewpoint - The company emphasizes localized procurement of raw materials for its overseas factories, indicating a strategy to mitigate the impact of raw material price fluctuations on its operations [1] Group 1: Raw Material Procurement - The company primarily sources raw materials locally for its overseas factories [1] - Recent fluctuations in raw material prices have been noted, but the overall changes have been minor [1] Group 2: Pricing Strategy - In the event of significant raw material price volatility, the company engages in negotiations with clients to adjust product prices [1] - New pricing will take into account cost variations to alleviate operational impacts [1]

Group 1 - The core viewpoint of the article highlights that Meiyingsen (SZ 002303) announced an investor research meeting scheduled for November 13, 2025, where the company’s board secretary Liu Huifeng and others will participate to address investor inquiries [1] - For the first half of 2025, Meiyingsen's revenue composition shows that the paper products sector accounted for 96.57%, other businesses for 3.28%, and the food industry for 0.15% [1] Group 2 - The article also mentions a trend in the banking sector where banks are reportedly selling properties at significantly reduced prices, with some properties being sold at half price, indicating a high demand for these "used" properties [1]

Group 1: Domestic Business Overview - The distribution of domestic downstream customers shows that the consumer electronics sector accounts for approximately 40%, while furniture and home appliances together account for about 25%. The automotive and new energy vehicle supply chain accounts for around 15% [3] - Other sectors include liquor, medical devices, food and beverage, health products, express packaging, and label and electronic functional material die-cut products [3] Group 2: Overseas Operations - The company has six factories in Vietnam, Thailand, Malaysia, and Mexico, with additional capacity available for expansion based on market demand [4] - Compared to local competitors, the company has strong advantages in product quality, service, R&D design, and customer resources, enabling it to meet global supply chain management needs effectively [4] Group 3: Market Challenges and Risks - The packaging industry has relatively low barriers to entry, but leading companies possess significant competitive advantages in R&D, product quality, customer resources, and service [5] - The company faces risks if overseas market expansion does not meet expectations, which could impact overall development goals [7] Group 4: Pricing and Profitability - Product pricing is determined by considering costs and customer demands for design and service [7] - The company has developed higher value-added customers and reduced low-margin orders, contributing to overall profit improvement [8] Group 5: Financial Health and Future Plans - The company aims for stable domestic growth and rapid overseas business growth in 2026 [7] - Cash dividends are emphasized as an important way to return value to shareholders, with future amounts depending on operational and financial conditions [8]