Group 1 - The core point of the news is the establishment of Shengxing (Hebei) Intelligent Technology Co., Ltd. with a registered capital of 85 million yuan, focusing on the manufacturing and sales of metal packaging containers and materials, among other services [1][2]. - The company is located in Shuangqiao District, Chengde City, Hebei Province, and is registered under the name of Shengxing (Hebei) Intelligent Technology Co., Ltd. [2]. - The business scope includes manufacturing of intelligent basic manufacturing equipment, metal packaging containers, and materials, as well as engineering and technical research and development [2][3]. Group 2 - The ownership structure shows that Shengxing (Hong Kong) Limited holds a 95% stake in the company, while Shengxing Group Co., Ltd. holds the remaining 5% [3]. - The company is classified under the manufacturing industry and is currently in operation with a business license valid until August 12, 2025 [2].

Group 1 - The establishment of Shengxing (Hebei) Intelligent Technology Co., Ltd. with a registered capital of 85 million yuan is reported [1] - The company's business scope includes manufacturing and sales of metal packaging containers and materials, packaging services, and research and development of metal products [1] - Shengxing Co., Ltd. (002752) is identified as a shareholder in the newly established company [1]

Group 1 - The establishment of Shengxing (Guangxi) Intelligent Packaging Co., Ltd. has been reported, with a registered capital of 25 million yuan [1] - The legal representative of the company is Lin Yongbao, and its business scope includes packaging services, food internet sales (only pre-packaged food), technology import and export, and artificial intelligence application system integration services [1] - The company is jointly held by Shengxing Co., Ltd. and Shengxing (Hong Kong) Co., Ltd. according to the equity penetration data [1]

特别提示： 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 本次会议由公司董事会召集，由公司董事长林永保先生主持。出席本次股东 大会现场会议和参加网络投票的股东（或股东代理人，下同）共 171 人，代表股 份 634,974,423 股，占公司股份总数（976,918,468 股）的比例为 64.9977%。其中： (1)出席现场会议的股东共 5 人，代表股份 627,472,405 股，占公司股份总数的比 例为 64.2298%；(2)根据深圳证券信息有限公司在本次会议网络投票结束后提供 给公司的网络投票统计结果，参加网络投票的股东共 166 人，代表股份 7,502,018 股，占公司股份总数的比例为 0.7679%；(3)出席现场会议和参加网络投票的中 小投资者（指除公司董事、监事、高级管理人员以及单独或合计持有公司 5%以 上股份的股东以外的其他股东，下同）共 169 人，代表股份 11,557,550 股，占公 司股份总数的比例为 1.1831%。 公司董事、部分监事和总裁、副总裁、财务总监、董事会秘书等高级管理人 员列席了本次会议，其中部分董事系通 ...

（文章来源：证券日报） 证券日报网讯 8月6日晚间，昇兴股份发布公告称，公司2025年第一次临时股东大会于2025年8月6日召 开，审议通过了《关于修订的议案》等多项议案。 ...

证券代码：002752 证券简称：昇兴股份 公告编号：2025-027 昇兴集团股份有限公司 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、本次股东大会无否决提案的情况。 2、本次股东大会未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 昇兴集团股份有限公司（以下简称"公司"）2025 年第一次临时股东大会采 取现场会议与网络投票相结合的方式召开，其中，本次股东大会现场会议于 2025 年 8 月 6 日下午 14:00 在福建省福州市经济技术开发区经一路 1 号公司会议室召 开；本次股东大会的网络投票时间为：(1)通过深圳证券交易所交易系统进行网 络投票的时间为 2025 年 8 月 6 日上午 9:15-9:25、9:30-11:30 和下午 13:00-15:00； (2)通过深圳证券交易所互联网投票系统进行网络投票的时间为 2025 年 8 月 6 日上午 9:15 至下午 15:00 期间的任意时间。 本次会议由公司董事会召集，由公司董事长林永保先生主持。出席本次股东 大会现场会议 ...

关于昇兴集团股份有限公司 2025 年第一次临时股东大会的 法 律 意 见 书 福建至理律师事务所 地址：中国福州市鼓楼区洪山园路华润万象城三期 TB#写字楼 22 层 电话：（86 591）8806 5558 网址：http://www.zenithlawyer.com 1 福建至理律师事务所（以下简称本所）接受昇兴集团股份有限公司（以下简 称公司）之委托，指派陈禄生、林静律师（以下简称本所律师）出席公司 2025 年第一次临时股东大会（以下简称本次会议或本次股东大会），并依据《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》（中国证券监督管理委员会公告〔2025〕7 号）、《深圳证券交易所上市公司股东会网络投票实施细则(2025 年修订)》（深证 上〔2025〕223 号，以下简称《网络投票实施细则》）等有关法律、法规、规范 性文件以及《公司章程》之规定出具法律意见。 对于本法律意见书，本所特作如下声明： 1．本所及经办律师依据《证券法》《律师事务所从事证券法律业务管理办法》 和《律师事务所证券法律业务执业规则(试行)》等规定及本法律 ...

Market Performance - The packaging and printing sector increased by 0.67% on August 5, with Xianggang Technology leading the gains [1] - The Shanghai Composite Index closed at 3617.6, up 0.96%, while the Shenzhen Component Index closed at 11106.96, up 0.59% [1] Individual Stock Performance - Xianggang Technology (603499) closed at 16.45, up 4.98% with a trading volume of 111,900 shares and a turnover of 180 million [1] - Kangxin New Materials (600076) closed at 2.47, up 4.22% with a trading volume of 333,800 shares and a turnover of 81.49 million [1] - He Xing Packaging (002228) closed at 3.55, up 2.60% with a trading volume of 173,600 shares and a turnover of 61.22 million [1] - Other notable performers include Nanwang Technology (301355) and Jinfu Technology (003018), with increases of 2.34% and 2.14% respectively [1] Fund Flow Analysis - The packaging and printing sector experienced a net outflow of 214 million from institutional investors, while retail investors saw a net inflow of 157 million [2] - The sector's overall fund flow indicates a mixed sentiment, with institutional selling and retail buying [2] Detailed Fund Flow for Selected Stocks - Xianggang Technology had a net inflow of 14.38 million from institutional investors, but a net outflow of 18.19 million from retail investors [3] - Zhu Hai Zhong Fu (000659) saw a net inflow of 10.86 million from institutional investors, while retail investors had a net outflow of 7.12 million [3] - Yingxing Co. (002752) experienced a net inflow of 8.11 million from institutional investors, with retail investors also showing a net outflow [3]

Group 1: Industry Overview - The Chinese packaging industry can be divided into three competitive tiers based on revenue: the first tier includes companies like Yutong Technology, Aorikin, and Hexing Packaging with revenues over 10 billion yuan; the second tier includes Baosteel Packaging, Shengxing Co., and Shandong Pharmaceutical Glass with revenues between 3 billion and 10 billion yuan; the third tier consists of companies like Jinfutec, Xianggang Technology, and Longlide with revenues below 3 billion yuan [1][6] - The industry is characterized by a fragmented market structure, with many small-scale companies lacking innovation capabilities, leading to disordered competition in the low-end market [6][13] - The market concentration in the packaging industry is low, with the top 10 companies (CR10) holding less than 5% market share, indicating a need for further consolidation [6][13] Group 2: Market Segmentation - The packaging industry in China is segmented into glass packaging, paper packaging, plastic packaging, and metal packaging, with leading companies in each category: Shandong Pharmaceutical Glass and Zhengchuan Co. for glass; Wanshun New Materials and Shanying International for paper; Tongchan Lixing and Hongyu Packaging for plastic; and Shengxing Packaging and Jiamei Packaging for metal [4][9] Group 3: Competitive Landscape - The competitive landscape shows that leading companies like Shandong Pharmaceutical Glass and Zhengchuan Co. have extensive business layouts covering regions such as North America, Europe, Japan, and Southeast Asia [8][9] - The majority of packaging companies focus on specific materials, with Shandong Pharmaceutical Glass leading in medicinal glass, while companies like Dashing and Wanshun New Materials dominate the paper packaging sector [10][11] - The industry is experiencing a strong demand growth driven by the increasing consumption of food and beverages, which indirectly boosts the demand for packaging products [14]

Summary of the Conference Call for Shengxing Co., Ltd. Industry Overview - The conference call primarily discusses the **metal packaging industry**, focusing on the performance of **two-piece and three-piece cans** [2][3][4][6]. Key Points and Arguments 1. **Financial Performance**: - In Q1, revenue slightly declined, and profits dropped by approximately **20%**. Q2 saw a recovery in prices due to rising aluminum processing fees, but overall demand did not show significant growth [2][3]. - Domestic operations experienced slight losses, while the Cambodian business benefited from capacity release at the end of last year, maintaining about **20% growth** in the first half of the year [2][3]. 2. **Market Demand and Pricing**: - Demand for two-piece cans was weak in the first half of the year, with prices initially dropping before recovering slightly. However, overall demand remained unchanged [4][5]. - The price of a **330 ml two-piece can** is approximately **0.4 yuan**, with the bare can price nearing historical lows, limiting pricing power [9]. 3. **Supply Dynamics**: - The company has no plans for domestic capacity expansion. Competitors like **Aorijin** are relocating some capacity to Central Asia, the Middle East, and Southeast Asia, which may improve the supply-demand balance [2][6]. - New capacities are expected to be released in 2025, including **4-6 billion cans** from Baosteel's new line in Anhui [14]. 4. **International Expansion**: - The company and its peers are increasingly focusing on overseas markets, particularly Southeast Asia, where profit margins are generally higher than in the domestic market. For instance, Cambodia has a margin of over **20%** [7][8]. - The company plans to establish a new production line in Vietnam with a capacity of **800 million cans**, expected to be operational by Q3 2026 [8]. 5. **Impact of Regulations**: - The ban on alcohol primarily affects the high-end liquor market, with minimal impact on beer demand. Beer consumption is influenced more by consumer spending power, economic conditions, and weather [10][11]. 6. **Technological Advancements**: - New equipment in the two-piece can sector offers higher production efficiency and better product structure, which can help reduce costs and improve profitability [18]. - The industry is currently experiencing a low capacity utilization rate, which is essential for profitability [19]. 7. **Future Outlook**: - The metal packaging industry is at a low point but is expected to gradually recover. The potential for price increases and improved margins exists, contingent on market conditions [26]. Other Important Insights - The company is cautious about domestic price increases, which depend on supply-demand dynamics and aluminum prices. If aluminum prices stabilize, significant price changes are unlikely in the near term [9]. - The acceptance of aluminum bottles and craft beer cans is under pressure, with sales in high-end channels declining by **30%-40%** [11][12]. - The company is exploring opportunities in other Southeast Asian markets, such as Malaysia and Thailand, depending on customer negotiations [8]. This summary encapsulates the key insights from the conference call, highlighting the current challenges and future strategies of Shengxing Co., Ltd. in the metal packaging industry.