证券代码： 002831 证券简称：裕同科技 公告编号：2026-007 深圳市裕同包装科技股份有限公司 关于收购东莞市华研新材料科技股份有限公司 51%股份 暨关联交易的公告 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。 特别提示： 1、深圳市裕同包装科技股份有限公司（以下简称"公司"）拟通过自有或自筹 资金向深圳市观点投资有限公司（以下简称"观点投资"）收购其持有的东莞市华研 新材料科技股份有限公司（以下简称"华研科技""标的公司"或"目标公司"）51% 股份。本次交易以评估机构出具的评估报告为定价参考，并经交易双方协商确认标 的公司 100%股份整体估值为 88,000 万元人民币，以此计算本次 51%股份的收购价 为 44,880 万元人民币，其中涉及关联方交易的金额为 44,880 万元人民币，公司与观 点投资于 2026 年 2 月 10 日签署《关于东莞市华研新材料科技股份有限公司 51%股 份之转让协议》（以下简称"股份转让协议"）。本次交易完成后，华研科技将成为公 司的控股子公司，并纳入公司合并报表范围。 2、根据《深圳证券交易所股票上市规则》 ...

股票代码：002831 股票简称：裕同科技 公告编号：2026-009 深圳市裕同包装科技股份有限公司 关于召开 2026 年第一次临时股东会的通知 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。 根据相关法律法规及《公司章程》的规定，深圳市裕同包装科技股份有限公 司（以下简称"公司"）第五届董事会第十九次会议审议的有关议案，需提交公 司 2026 年第一次临时股东会进行审议，董事会拟定于 2026 年 2 月 27 日召开公 司 2026 年第一次临时股东会，具体情况如下： 一、会议召开的基本情况 1、股东会届次：深圳市裕同包装科技股份有限公司 2026 年第一次临时股东 会 2、会议召集人：公司董事会 3、会议召开的合法合规性说明：公司第五届董事会第十九次会议审议通过 了《关于召开公司 2026 年第一次临时股东会的议案》。本次股东会会议召开符合 有关法律、行政法规、部门规章、规范性文件和公司章程的规定。 4、会议召开时间 （1）现场会议召开时间：2026 年 2 月 27 日（星期五）下午 14:30 （2）网络投票时间： （a）通过深圳证券交易所交易系统进 ...

证券代码： 002831 证券简称：裕同科技 公告编号：2026-006 深圳市裕同包装科技股份有限公司 第五届董事会第十九次会议决议公告 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。 具体内容请见公司同日在巨潮资讯网上披露的《关于收购东莞市华研新材料 科技股份有限公司 51%股份暨关联交易的公告》。 2、审议通过《关于公司增加经营范围暨修订<公司章程>的议案》。 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 九次会议通知于 2026 年 2 月 8 日（星期日）以书面或邮件方式发出，会议于 2026 年 2 月 10 日（星期二）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《关于收购东莞市华研新材料 ...

格隆汇2月10日丨裕同科技(002831.SZ)公布，公司拟通过自有或自筹资金向深圳市观点投资有限公司 （简称"观点投资"）收购其持有的东莞市华研新材料科技股份有限公司（简称"华研科技""标的公 司"或"目标公司"）51%股份。本次51%股份的收购价为4.49亿元人民币，公司与观点投资于2026年2月 10日签署《关于东莞市华研新材料科技股份有限公司51%股份之转让协议》。本次交易完成后，华研科 技将成为公司的控股子公司，并纳入公司合并报表范围。 东莞市华研新材料科技有限公司成立于2016年，致力于为客户提供一站式精密金属及陶瓷零组件整体解 决方案，一体化设计、研发、制造、组装整体解决方案的专精特新国家级"小巨人"高新技术企业，业务 领域涵盖新材料研发、MIM、CIM、冲压、压铸、精密注塑、CNC、抛光、阳极、PVD、喷涂等智能 手机、智能手表、笔记本电脑、新能源汽车、VR、5G和医疗零部件制造和组装以及转轴模组组装。 ...

裕同科技(002831.SZ)公告称，公司拟通过自有或自筹资金向观点投资收购其持有的华研科技51%股份， 交易金额为4.49亿元。本次交易构成关联交易，公司实际控制人王华君、吴兰兰夫妇合计持有观点投资 100%股权。交易完成后，华研科技将成为公司的控股子公司，并纳入公司合并报表范围。东莞市华研 新材料科技有限公司成立于2016年，致力于为客户提供一站式精密金属及陶瓷零组件整体解决方案，一 体化设计、研发、制造、组装整体解决方案的专精特新国家级"小巨人"高新技术企业。 ...

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The demand for pulp molding products is primarily driven by the need to replace rigid, cushioning, and breathable products such as plates, food containers, and egg trays, with limitations in producing hollow, transparent, and refined products like straws and films compared to PLA, which offers better thermoplasticity, transparency, and ductility [3] - The U.S. remains the largest market for China's pulp molding exports, accounting for 41.3% of the total export value, indicating strong domestic demand [8] - The growth in pulp molding exports to the U.S. post-2020 is attributed to policy-driven demand, consumer preferences, and improvements in supply-side technology and processes [8] Summary by Sections Pulp Molding vs. PLA Applications - Pulp molding is suitable for making rigid containers that can hold food, while PLA excels in producing thin-walled, flexible dining accessories [7] - Pulp molding products are more environmentally friendly and have lower degradation difficulty compared to PLA, which requires specific conditions for composting [19] - Pulp molding products are generally more cost-competitive than PLA, with lower raw material costs leading to higher profit margins for manufacturers [23] Market Trends and Policies - The U.S. has implemented stricter plastic regulations since 2020, promoting the use of pulp molding products [14][16] - The introduction of Extended Producer Responsibility (EPR) in various U.S. states places the onus of waste management on producers, further encouraging the shift towards sustainable materials [16] - In contrast, China's plastic policies are less stringent, focusing more on promotion rather than strict regulations [16] Production Capacity and Growth - By 2025, China's pulp molding production capacity is expected to exceed 2.5 million tons, representing 56.8% of global capacity, with a significant increase in production rates [51][56] - The production process has evolved from dry pressing to include semi-dry and direct pressing technologies, enhancing efficiency and reducing energy consumption [39][40] Competitive Landscape - U.S. companies focused on pulp molding are facing challenges due to high production costs, leading to exits from the market by several firms [58] - Footprint, a leading pulp molding company, faced significant financial losses, leading to its failed IPO attempt, highlighting the financial pressures within the industry [76]

Investment Rating - The report maintains a "Recommend" rating for the company, indicating an expectation to outperform the benchmark index by 10%-20% over the next six months [7][13]. Core Insights - Yutong Technology (002831) is positioned as a leading player in the packaging industry, benefiting from stable growth and high dividend payouts. The company is expected to gain from the development of its smart glasses business [2][7]. - The company holds a 0.48% stake in Longqi Technology, which recently listed on the Hong Kong Stock Exchange, potentially enhancing collaboration in the smart glasses sector [2][7]. - Yutong's overseas production capacity provides a significant competitive advantage, with higher gross margins in international markets compared to domestic ones. The gross margin for overseas markets was 28.79% in the first half of 2025, while domestic margins were only 19.41% [2][7]. Financial Summary - Projected total revenue (in million) for the years 2024 to 2027 is as follows: - 2024: 17,157 - 2025: 18,818 - 2026: 20,907 - 2027: 22,922 - Year-on-year revenue growth rates are projected at 12.7% for 2024, 9.7% for 2025, 11.1% for 2026, and 9.6% for 2027 [2][8]. - Projected net profit (in million) for the same period is: - 2024: 1,409 - 2025: 1,643 - 2026: 1,902 - 2027: 2,172 - Year-on-year net profit growth rates are expected to be -2.1% for 2024, 16.6% for 2025, 15.8% for 2026, and 14.2% for 2027 [2][8]. - The target price for the stock is set at 35.13 CNY, with the current price at 30.01 CNY [3][7].

Investment Rating - The report maintains a "Recommend" rating for the company, indicating an expectation to outperform the benchmark index by 10%-20% over the next six months [7][13]. Core Insights - Yutong Technology (002831) is positioned as a leading player in the packaging industry, benefiting from stable growth and high dividend payouts. The company is expected to gain from the development of its smart glasses business [2][7]. - The company holds a 0.48% stake in Longqi Technology, which recently listed on the Hong Kong Stock Exchange, potentially enhancing collaboration in the smart glasses sector [2][7]. - Yutong's overseas production capacity provides a significant competitive advantage, with higher gross margins in international markets compared to domestic ones. The gross margin for overseas markets was 28.79% in the first half of 2025, while domestic margins were only 19.41% [2][7]. - The company is projected to achieve steady revenue growth, with total revenue expected to reach 17.16 billion yuan in 2024, growing to 22.92 billion yuan by 2027, reflecting a compound annual growth rate (CAGR) of approximately 9.6% [2][8]. - Net profit attributable to the parent company is forecasted to increase from 1.41 billion yuan in 2024 to 2.17 billion yuan in 2027, with a notable growth rate of 16.6% in 2025 [2][8]. - The target price for the company's stock is set at 35.13 yuan, based on a price-to-earnings (P/E) ratio of 17 times for 2026 [3][7]. Financial Summary - Total revenue projections for Yutong Technology are as follows: - 2024: 17,157 million yuan - 2025: 18,818 million yuan - 2026: 20,907 million yuan - 2027: 22,922 million yuan - Net profit attributable to the parent company is projected as: - 2024: 1,409 million yuan - 2025: 1,643 million yuan - 2026: 1,902 million yuan - 2027: 2,172 million yuan - Earnings per share (EPS) is expected to grow from 1.53 yuan in 2024 to 2.36 yuan in 2027 [2][8].

Group 1 - The packaging and printing sector increased by 1.35% on February 3, with Kangxin New Materials leading the gains [1] - The Shanghai Composite Index closed at 4067.74, up 1.29%, while the Shenzhen Component Index closed at 14127.1, up 2.19% [1] - Key stocks in the packaging and printing sector showed significant price increases, with Kangxin New Materials rising by 6.96% to a closing price of 3.84 [1] Group 2 - The sector experienced a net outflow of 83.89 million yuan from institutional investors, while retail investors saw a net inflow of 131 million yuan [2] - Among individual stocks, Shunpiao Co. had a notable net inflow of 79.68 million yuan from institutional investors [3] - The overall trading volume and turnover in the packaging and printing sector were substantial, indicating active market participation [1][2]

Group 1 - The "DT New Leaf Award" is a prestigious award aimed at discovering, showcasing, and recognizing outstanding products and companies in the bio-based industry, set to be announced at the 11th Bio-based Conference [2][59] - The first round of applications for the award will close on February 10, 2026, offering exclusive promotional opportunities for participants [2][62] - The term "New Leaf" symbolizes vitality and sustainable innovation, reflecting the award's goal to highlight pioneering forces in the bio-based sector [2] Group 2 - Over 30 listed and representative companies have registered to participate in the "2026 DT New Leaf Award," showcasing a diverse range of products and innovations [3] - Notable participating companies include Wanhua Chemical, Guanghua Weiye, and Shuangqiang Technology, each presenting their latest products in various categories [3] - The award categories include innovations in bio-based materials, key chemicals, and low-carbon solutions, with companies like Lif Biological and Heng Carbon Technology leading in their respective fields [3][11][14] Group 3 - Wanhua Chemical is recognized as a leading global chemical new materials company and has established a presence in the bio-based polyurethane industry [7] - Guanghua Weiye, a leader in 3D printing materials, plans to further its market presence with an upcoming listing on the Beijing Stock Exchange [8] - Shuangqiang Technology, known as the first publicly listed company in the bamboo industry, has signed a contract to develop bamboo-based composite materials, indicating significant market potential [9] Group 4 - Lif Biological is a global leader in PEF and FDCA, with a significant investment in a production line expected to yield 15,000 tons of FDCA annually, generating over 1 billion yuan in revenue [11] - Zhongke Guosheng has completed a 200 million yuan A-round financing and is on track to produce FDCA at a large scale by 2026 [12][13] - Heng Carbon Technology has developed a revolutionary production technology for 1,3-propanediol, achieving nearly zero carbon emissions and high purity [14] Group 5 - Companies like Jinguo Zhongju and Sugar Energy Technology are focusing on innovative bio-based materials, with significant advancements in production capabilities and product offerings [16][17] - The bio-based industry is seeing a surge in innovative solutions, with companies like Huafeng New Materials and Yutong Packaging leading the charge in developing environmentally friendly products [28][29] - The DT New Leaf Award aims to promote collaboration and resource integration across the bio-based industry, enhancing the transition to green and low-carbon solutions in various sectors [57]