Core Viewpoint - The company has adjusted the share purchase price for its 2025 employee stock ownership plan from 12.60 CNY per share to 12.17 CNY per share due to the implementation of its 2025 semi-annual profit distribution plan [2][9]. Group 1: Meeting and Decision - The fifth board meeting of the company was held on September 22, 2025, where the adjustment of the employee stock ownership plan's purchase price was approved [1][6]. - The meeting had full participation from all eight directors, and the decision was made in compliance with relevant laws and regulations [1][6]. Group 2: Price Adjustment Details - The adjustment of the share purchase price was necessary due to the occurrence of capital reserve transfers, stock dividends, and other related events between the board resolution date and the completion of the stock transfer [7][10]. - The adjusted price reflects the company's commitment to align the employee stock ownership plan with its financial activities and shareholder interests [10]. Group 3: Profit Distribution - The company will distribute a cash dividend of 4.30 CNY per 10 shares, totaling approximately 388.69 million CNY, based on a total share capital of 920.51 million shares, excluding repurchased shares [8]. - The record date for the profit distribution is September 22, 2025, with the ex-dividend date set for September 23, 2025 [8].

Group 1 - The company announced the adjustment of the employee stock ownership plan transfer price from 12.60 yuan per share to 12.17 yuan per share [2] - The adjustment was approved during the 15th meeting of the 5th Board of Directors held on September 22, 2025 [2] - The company plans to complete the distribution of the 2025 semi-annual profits on September 23, 2025 [2]

Group 1 - Yutong Technology (SZ 002831) announced on September 22 that its 15th meeting of the 5th Board of Directors was held via communication voting, discussing the adjustment of the employee stock ownership plan transfer price for 2025 [1] - For the first half of 2025, Yutong Technology's revenue composition was 93.0% from the paper packaging printing industry and 7.0% from other industries [1] - As of the report date, Yutong Technology's market capitalization was 24.4 billion yuan [1]

北京市中伦（广州）律师事务所 关于深圳市裕同包装科技股份有限公司 2025 年员工持股计划调整相关事项的 法律意见书 二〇二五年九月 北京市中伦（广州）律师事务所 关于深圳市裕同包装科技股份有限公司 2025 年员工持股计划 调整相关事项的法律意见书 致：深圳市裕同包装科技股份有限公司 北京市中伦（广州）律师事务所（以下简称"本所"）作为深圳市裕同包装科 技股份有限公司（以下简称"裕同科技"、"公司"）聘请的专项法律顾问，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》"）、中国证券监督管理委员会（以下简称"中国证监会"）《关 于上市公司实施员工持股计划试点的指导意见》（以下简称"《指导意见》"）、深 圳证券交易所（以下简称"深交所"）《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》（以下简称《自律监管指引第 1 号》）等有关中 国法律、行政法规、部门规章、规范性文件和深交所的相关业务规则（以下统称 "适用法律"）的规定，按照律师行业公认的业务标准、道德规范和勤勉尽责精神， 在对公司调整 2025 年员工持股计划（以下简称"本次 ...

本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 深圳市裕同包装科技股份有限公司（以下简称"公司"）于 2025 年 9 月 22 日召开第五届董事会第十五次会议，审议通过了《关于调整 2025 年员工持股计 划受让价格的议案》，现将有关事项公告如下： 一、2025 年员工持股计划已履行的相关审批程序 （一）公司于 2025 年 8 月 25 日召开的第五届董事会第十四次会议和第五届 监事会第十次会议，并于 2025 年 9 月 12 日召开的 2025 年第三次临时股东会分 别审议通过了《关于<公司 2025 年员工持股计划（草案）>及其摘要的议案》《关 于<公司2025年员工持股计划管理办法>的议案》等相关议案，同意公司实施2025 年员工持股计划，同时股东会授权董事会办理与本期员工持股计划相关的事宜。 具体内容详见公司于 2025 年 8 月 27 日、2025 年 9 月 13 日在巨潮资讯网 （www.cninfo.com.cn）上披露的相关公告。 （二）2025 年 9 月 22 日，公司第五届董事会第十五次会议审议通过了《关 于调整 2025 年员工持 ...

深圳市裕同包装科技股份有限公司 第五届董事会第十五次会议决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 深圳市裕同包装科技股份有限公司（以下简称"公司"）第五届董事会第十 五次会议通知于 2025 年 9 月 19 日（星期五）以书面或邮件方式发出，会议于 2025 年 9 月 22 日（星期一）以通讯表决的方式召开，本次会议应参与表决的董 事 8 人，实际参与表决的董事 8 人，分别为：王华君先生、吴兰兰女士、刘宗柳 先生、刘中庆先生、王利婕女士、吴宇恩先生、邓赟先生、邓琴女士。本次会议 由公司董事长王华君先生主持，会议的召集和召开符合有关法律、法规及《公司 章程》的规定，会议形成的决议合法有效。经与会董事认真审议，本次会议讨论 并通过如下决议： 一、议案及表决情况 1、审议通过《关于调整 2025 年员工持股计划受让价格的议案》。 表决结果：关联董事刘中庆、邓琴回避表决，其他全体非关联董事以 6 票赞 成、0 票反对、0 票弃权审议通过。 鉴于公司 2025 年半年度利润分配方案将于 2025 年 9 月 23 日实施完成，根 据公司《2025 年员 ...

Investment Rating - The investment rating for the company is "Buy" with a target price set for the next six months [6][4]. Core Views - The company has demonstrated solid and steady growth, with a revenue increase of 8% year-on-year in Q2 2025, reaching 4.2 billion yuan, and a net profit increase of 12%, totaling 310 million yuan. For the first half of 2025, revenue was 7.9 billion yuan, up 7%, and net profit was 550 million yuan, up 11% [1]. - The company is actively pursuing globalization, having established over 40 production bases and 4 service centers across 10 countries and 40 cities, which enhances its supply chain optimization and risk diversification [2]. - The company's strong brand influence, market expansion capabilities, and productivity levels are key factors impacting its performance. The company is enhancing its operational capabilities to adapt to market changes and customer needs [3]. Financial Performance Summary - For the first half of 2025, the company's revenue from premium paper packaging was 5.5 billion yuan, up 5%, while revenue from packaging supporting products was 1.3 billion yuan, up 3%, and revenue from environmentally friendly paper-plastic products was 580 million yuan, up 7% [1]. - Domestic revenue decreased by 2% to 5.1 billion yuan, while overseas revenue increased by 27% to 2.8 billion yuan [1]. - The company plans to distribute a cash dividend of 4.30 yuan per 10 shares to all shareholders [1]. Financial Forecast Adjustments - The revenue forecast for 2025-2027 has been adjusted to 18.9 billion yuan, 21.1 billion yuan, and 23.8 billion yuan, respectively. The expected net profit for the same period is projected to be 1.6 billion yuan, 1.9 billion yuan, and 2.3 billion yuan, respectively [4]. - The earnings per share (EPS) are expected to be 1.7 yuan, 2.1 yuan, and 2.5 yuan for 2025, 2026, and 2027, respectively, with corresponding price-to-earnings (P/E) ratios of 15, 13, and 11 times [4].

Group 1 - The light industry is set to play a greater role in stabilizing economic growth and promoting consumption, as outlined in the "Light Industry Stabilization Growth Work Plan (2025-2026)" issued by three government departments [1] - The plan aims for significant growth in key sectors, with a focus on smart home products, elderly and infant goods, and sports and leisure fashion products, alongside the promotion of 300 upgraded and innovative products [1] - By 2024, the number of light industry enterprises is expected to reach 136,600, a 25.7% increase from 2020, with total revenue surpassing 22.96 trillion yuan, averaging a 4.22% annual growth [1] Group 2 - In the A-share market, the light industry manufacturing sector has shown strong performance, with several stocks, including Yuma Technology and Meiyingsen, hitting the daily limit up [2] - Among 166 stocks in the light industry manufacturing sector, 59 reported a year-on-year increase in net profit, with three stocks achieving over 400% growth in net profit [3] - Hai Xiang New Materials reported a net profit of 65 million yuan for the first half of the year, marking a 1099.05% increase, attributed to favorable foreign exchange gains and reduced production costs [3][4] Group 3 - The packaging and home goods sectors have shown positive profitability, with net profits increasing by 11.7% and 2.61% respectively, while the cultural and entertainment products sector experienced a slight decline [5] - The paper industry has faced challenges, transitioning from profit to loss due to supply-demand imbalances, leading to sustained low prices and pressure on profitability [5] - The light industry manufacturing sector has seen significant investment from social security funds, with 15 stocks heavily weighted, including Aorikin and Songlin Technology, which were newly added in the second quarter [5][6]

（文章来源：证券日报） 证券日报网讯 9月16日晚间，裕同科技发布公告称，2025年半年度权益分派方案为：以公司现有总股本 剔除已回购股份16，572，246股后的903，941，254股为基数，向全体股东每10股派4.30元人民币现金 （含税），股权登记日为2025年9月22日，除权除息日为2025年9月23日。 ...

Investment Rating - The report maintains a "Recommend" rating for the company, with a target price of 32.12 CNY per share [2][7]. Core Views - The company's overseas business has shown significant growth, driving overall performance, with a proposed cash dividend of 4.30 CNY per share, totaling 389 million CNY, which represents 70% of the net profit attributable to the parent company [2][7]. - The company achieved a revenue of 7.876 billion CNY and a net profit of 554 million CNY in the first half of 2025, reflecting a year-on-year growth of 7.10% and 11.42%, respectively [2][7]. - The report highlights the company's strong global presence with over 40 production bases in 10 countries, which helps mitigate external environmental disruptions and capture overseas orders [2][7]. Financial Summary - Revenue and net profit are projected to grow steadily, with total revenue expected to reach 18.818 billion CNY in 2025, representing a 9.7% year-on-year growth [2][8]. - The net profit attributable to the parent company is forecasted to be 1.643 billion CNY in 2025, with a growth rate of 16.6% [2][8]. - The company’s gross margin is slightly under pressure at 22.77%, with overseas operations showing a higher gross margin of 28.79% compared to 19.41% for domestic operations [2][7]. Business Segmentation - Domestic revenue decreased by 1.59% to 5.053 billion CNY, while international revenue increased by 27.21% to 2.823 billion CNY, raising the overseas revenue share to 35.84% [2][7]. - The company’s product segments include paper packaging, packaging accessories, and eco-friendly paper-plastic products, with respective revenues of 5.461 billion CNY, 1.297 billion CNY, and 584 million CNY in the first half of 2025 [2][7]. Strategic Initiatives - The company is focusing on enhancing its global manufacturing network and diversifying into new markets such as health, daily chemicals, and collectibles, indicating a broad growth potential [2][7]. - An employee stock ownership plan has been introduced, aiming for a net profit growth of 10%, 20%, and 30% over the next three years, aligning the interests of the core team with long-term company performance [2][7].