中顺洁柔纸业股份有限公司 证券代码：002511 证券简称：中顺洁柔 公告编号：2025-32 重要内容提示： 1、本次调整回购股份方案的具体内容：将回购资金总额由"不低于人民币 3,000 万元（含），不超过人民币 6,000 万元（含）"调整至"不低于人民币 11,000 万元（含），不超过人民币 16,000 万元（含）"。 2、除上述事项调整外，回购股份方案的其他内容未发生变化。 3、本次调整回购股份方案事项已经中顺洁柔纸业股份有限公司（以下简称 "公司"）第六届董事会第十次会议审议通过，无需提交股东大会审议。 关于调整回购股份方案的公告 4、相关风险提示： 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。 （1）本次回购股份的资金来源于公司自有资金，存在因回购股份所需资金 未能筹措到位，导致回购方案无法实施或只能部分实施的风险； （2）本次回购方案可能面临因回购期限内公司股票价格持续超出回购价格 上限等原因，导致本次回购方案无法实施或只能部分实施的风险； （3）本次回购过程中存在因对公司股票交易价格产生重大影响的重大事项 发生或公司董事会决定终止本次回 ...

智通财经6月18日电，中顺洁柔(002511.SZ)公告称，公司将回购资金总额由"不低于人民币3,000万元 （含），不超过人民币6,000万元（含）"调整至"不低于人民币11,000万元（含），不超过人民币16,000 万元（含）"。除回购资金总额调整外，回购股份方案的其他内容未发生变化。该调整已经公司第六届 董事会第十次会议审议通过，无需提交股东大会审议。 中顺洁柔：将回购资金总额调整至1.1亿元-1.6亿元 ...

证券代码：002511 证券简称：中顺洁柔 公告编号：2025-31 本次会议经过投票表决，一致通过如下议案： （一）会议以 9 票同意、0 票反对、0 票弃权的表决结果，审议通过《关于 调整回购股份方案的议案》。 基于对公司未来业务发展、市场价值等方面的信心，为切实推进公司回购股 份事项的顺利实施，保障投资者利益，公司综合考虑证券市场变化调整回购资金 总额，由"不低于人民币 3,000 万元（含），不超过人民币 6,000 万元（含）" 调整至"不低于人民币 11,000 万元（含），不超过人民币 16,000 万元（含）"。 除回购资金总额调整外，回购股份方案的其他内容未发生变化。内容详见公司在 选定信息披露媒体《证券时报》《证券日报》《上海证券报》《中国证券报》及 巨潮资讯网（http://www.cninfo.com.cn）上披露的《关于调整回购股份方案的公 告》（公告编号：2025-32）。 1 三、备查文件 中顺洁柔纸业股份有限公司 第六届董事会第十次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 中顺洁柔纸业 ...

中顺洁柔（002511）公告，公司将回购股份方案进行调整，回购资金总额由"不低于人民币3,000万元 (含)，不超过人民币6,000万元(含)"调整至"不低于人民币11,000万元(含)，不超过人民币16,000万元 (含)"。 ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints The report provides daily observations on the pulp market, including market conditions, important news, logical analyses, and trading strategies. Market conditions cover futures and spot prices of different pulp types. Important news includes company - related events, project investments, and international trade situations. Logical analyses are based on various economic and industry data, and trading strategies offer suggestions for single - sided and arbitrage trading. 3. Summary by Related Catalogs Market Conditions - Futures market shows various trends such as weak, small, and high - level oscillations. For example, on 25 - 06 - 09, the SP main 09 contract was in a weak oscillation, closing at 5222 points, down 2 points or 0.04% [1]. - Spot prices of different pulp types (coniferous, broad - leaf, natural, and chemical mechanical) vary in different regions. For instance, in the Shandong market on 25 - 06 - 06, the import coniferous pulp market had relatively light trading, and prices of some brands were adjusted with the market [5]. Important News - North American paper giant Georgia - Pacific plans to permanently close its Cedar Springs box - board paper mill later this year, affecting about 535 jobs and with an annual capacity of 1 million tons [1]. - China's C&D Group plans to invest $2 billion in a pulp and finished paper production project in Vietnam's Quang Binh province [11]. - In 2025, India's paper and board imports reached a record 2.05 million tons, and imports from China increased by 33% [8]. Logical Analysis - In April, European coniferous pulp consumption decreased by 17.6% year - on - year, and domestic living paper production increased by 9.4% year - on - year in May, which is favorable for the broad - needle price difference [6]. - As of the end of last Friday, the inventory of the SHFE SP contract decreased by 75.6% year - on - year, while the social inventory of domestic pulp in five ports increased by 33.4 million tons year - on - year [1]. Trading Strategies - Single - sided trading: Suggestions include holding long positions, waiting and seeing, and making small - scale trial purchases. For example, on 25 - 06 - 09, it was recommended to wait and see for the SP main 07 contract and pay attention to the support at last Friday's low [1]. - Arbitrage trading: Usually involves waiting and seeing or reducing positions and waiting. For example, on 25 - 06 - 09, it was recommended to wait and see for the arbitrage strategy (long - short) [1].

Core Insights - In 2024, China's total retail sales of consumer goods reached 48.79 trillion yuan, growing by 3.5%, marking the first time it fell below the GDP growth rate of 5% [1] - The fast-moving consumer goods (FMCG) industry is transitioning into a phase dominated by "stock competition," focusing on efficiency improvement, brand optimization, and structural adjustments [1] FMCG Company Performance - **Master Kong**: Achieved revenue of 806.51 billion yuan, a slight increase of 0.30%, with net profit rising by 19.80% to 37.34 billion yuan [2][6] - **Nongfu Spring**: Reported revenue of 428.96 billion yuan, up by 0.50%, and net profit of 121.23 billion yuan, a marginal increase of 0.40% [2][6] - **Uni-President**: Generated revenue of 303.32 billion yuan, a growth of 6.09%, with net profit of 18.49 billion yuan, increasing by 10.90% [2][6] - **China Foods**: Recorded revenue of 214.92 billion yuan, up by 0.20%, and net profit of 8.61 billion yuan, a growth of 3.40% [2][6] - **Eastroc Beverage**: Achieved significant growth with revenue of 158.39 billion yuan, up by 40.63%, and net profit of 33.27 billion yuan, increasing by 63.09% [2][6] - **Three Squirrels**: Reported revenue of 106.22 billion yuan, a substantial increase of 49.30%, with net profit rising by 85.51% to 4.08 billion yuan [2][6] Industry Trends - The FMCG sector is experiencing a shift towards efficiency and brand optimization as the era of rapid market growth driven by demographic dividends comes to an end [1] - Companies are adapting to market changes through product innovation, structural optimization, and brand rejuvenation to establish new growth curves and core competitiveness [13] - The beverage segment is seeing strong performance from Nongfu Spring's tea drinks, which have become a major revenue source despite challenges in the bottled water segment [8][13] - The snack segment is witnessing varied performance, with companies like Qinqin Foods achieving profitability through export and OEM manufacturing, while others like Liuyifei face challenges due to strategic adjustments [13] Dairy Industry Performance - **Yili Group**: Maintained its position as Asia's leading dairy company with revenue of 1,157.80 billion yuan, despite a decline of 8.24% [15][16] - **Mengniu Dairy**: Experienced a revenue drop of 10.09% to 886.75 billion yuan, with net profit significantly declining by 97.83% [15][16] - **Bright Dairy**: Reported revenue of 242.78 billion yuan, down by 8.33%, and net profit of 7.22 billion yuan, a decrease of 25.36% [15][16] - The dairy industry is facing challenges with supply-demand imbalances and declining consumer demand, leading to revenue declines for many traditional dairy giants [18]

证券代码：002511 证券简称：中顺洁柔 公告编号：2025-30 《中国证券报》及巨潮资讯网（http://www.cninfo.com.cn）上披 露的相关公告。 一、回购股份进展情况 根据《上市公司股份回购规则》和《深圳证券交易所上市公司自律监管指引 第 9 号——回购股份》等相关规定，上市公司应当在每个月的前 3 个交易日内公 告截至上月末的回购进展情况。现将公司回购股份进展情况公告如下： 截至 2025 年 5 月 31 日，公司通过回购专用证券账户以集中竞价交易方式累 计回购公司股份 2,100,000 股，占公司目前总股本的 0.16%，其中，最高成交价 为 6.50 元/股，最低成交价为 6.01 元/股，成交总金额为 13,216,384 元（不含交易 费用）。 二、 其他说明 公司回购股份的时间、回购股份数量、回购股份价格及集中竞价交易的委托 时间段符合《上市公司股份回购规则》和《深圳证券交易所上市公司自律监管指 引第 9 号——回购股份》的相关规定。具体如下： 中顺洁柔纸业股份有限公司 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。 中 ...

中顺洁柔纸业股份有限公司 关于回购股份的进展公告 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。 中顺洁柔纸业股份有限公司（以下简称"公司"）第六届董事会第八次会议 审议通过了《关于公司回购股份方案的议案》，公司拟使用自有资金以集中竞价 交易方式回购公司部分已发行的人民币普通股（A 股）股票，回购股份将用于后 期实施员工持股计划或股权激励计划的股份来源。本次回购资金总额不低于人民 币 3,000 万元（含），不超过人民币 6,000 万元（含），回购价格不超过人民币 9.77 元/股（含）。按照回购资金总额的上下限及回购价格上限 9.77 元/股（含）计算， 预计回购股份数量约为 3,070,625 股至 6,141,248 股，具体回购股份数量以回购实 施完毕或回购期限届满时实际回购的股份数量为准。本次回购股份的实施期限为 自公司董事会审议通过本次回购方案之日起 12 个月内，即 2025 年 4 月 2 日起 至 2026 年 4 月 1 日止。内容详见公司在选定信息披露媒体《证券时报》《证券日 报》《上海证券报》《中国证券报》及巨潮资讯网（http:// ...

沪指5月22日下跌0.22%，申万所属行业中，今日上涨的有3个，涨幅居前的行业为银行、传媒、家用电 器，涨幅分别为1.00%、0.12%、0.04%。跌幅居前的行业为美容护理、社会服务，跌幅分别为2.03%、 1.80%。美容护理行业位居今日跌幅榜首位。 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 002094 | 青岛金王 | 6.60 | 38.89 | 49250.10 | | 600249 | 两面针 | 4.83 | 22.21 | 16705.65 | | 001328 | 登康口腔 | 2.73 | 14.01 | 2803.29 | | 688363 | 华熙生物 | -1.01 | 1.08 | 1449.76 | | 002511 | 中顺洁柔 | -0.14 | 1.34 | 1289.38 | | 300886 | 华业香料 | -5.41 | 21.25 | 262.17 | | 300955 | 嘉亨家化 | 3.58 | 24.50 | 122.21 | | 30 ...

Investment Rating - The report has downgraded the investment rating to "Recommended" with a target price of 7.91 CNY, down from the previous rating [2][3][7]. Core Views - The company has actively reduced inefficient businesses and returned to positive growth in Q1 2025, with a revenue increase of 12.1% year-on-year [2]. - The company focuses on optimizing product categories and enhancing channel capabilities, with significant revenue contributions from both traditional and non-traditional channels [2][7]. - Despite ongoing pressure on profitability, the company is expected to improve its net profit margins and maintain a strong brand presence in the market [2][7]. Financial Performance Summary - For 2024, the company reported total revenue of 8.15 billion CNY, a decrease of 16.8% year-on-year, with a net profit of 0.77 billion CNY, down 76.8% [2][8]. - In Q1 2025, the company achieved revenue of 2.07 billion CNY, with a net profit of 0.07 billion CNY, reflecting a year-on-year revenue growth of 12.1% [2][8]. - The projected financials for 2025-2027 indicate a recovery in net profit, with estimates of 2.56 billion CNY, 2.97 billion CNY, and 3.33 billion CNY respectively [2][8]. Product and Channel Strategy - The company has implemented a systematic promotion strategy focusing on high-margin and trending products, while optimizing its product mix [2][7]. - Revenue from life paper and personal care products in 2024 was 8.04 billion CNY and 0.11 billion CNY respectively, with declines of 16.8% and 21.8% year-on-year [2][7]. - The company has established an overseas channel department to accelerate international business expansion [2][7]. Profitability and Cost Management - The gross margin for 2024 was 30.7%, a decrease of 2.4 percentage points year-on-year, while the net profit margin was 0.9%, down 2.4 percentage points [2][7]. - In Q1 2025, the gross margin improved slightly to 30.8%, with a net profit margin of 3.2% [2][7]. - The company has reduced sales expenses, with sales expense ratio decreasing to 20.4% in Q1 2025 [2][7].