Group 1 - The company Yutong Technology announced that its controlling shareholder, Ms. Wu Lanlan, and her concerted party, Mr. Wang Huajun, have completed the procedures for pledging, unpledging, and extending the repurchase of a portion of their shares [1] - As of the announcement date, Wu Lanlan and Wang Huajun have cumulatively pledged approximately 209 million shares, with Wu Lanlan pledging about 166 million shares, accounting for 36.45% of her holdings [1] - Wang Huajun has pledged 42.7 million shares, which represents 39.92% of his holdings [1]

证券代码：002831 证券简称：裕同科技 公告编号：2026-002 深圳市裕同包装科技股份有限公司 | | 是否为控股 | | 占其所 | 占公司 | | 是否 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东名 | 股东或第一 | 本次质押数量 | | | 是否为 | 为补 | 质押起 | | 质押到 | | | 质押用 | | 称 | 大股东及其 | （股） | 持股份 比例 | 总股本 比例 | 限售股 | 充质 | 始日 | | 期日 | | 质权人 | 途 | | | 一致行动人 | | | | | 押 | | | | | | | | | | | | | | | 年 2026 | 1 | 年 2027 | 1 | 中国银河 | 个人资 | | 王华君 | 是 | 12,700,000 | 11.87% | 1.38% | 否 | 否 | 月 日 8 | | 月 日 7 | | 证券股份 有限公司 | 金需求 | 2、本次股份解除质押基本情况 | 股东 ...

Group 1 - The core point of the article is that Yutong Technology announced the approval of a proposal to rename the Strategic Committee of the Board and revise the committee's working rules during the 17th meeting of the fifth board of directors [2] Group 2 - The announcement was made on January 9, indicating a significant governance change within the company [2] - The decision reflects the company's ongoing efforts to enhance its strategic oversight and operational efficiency [2]

Group 1 - The company Yutong Technology announced that its fifth board meeting was held on January 9, 2026, via communication voting [1] - The meeting reviewed the proposal regarding the renaming of the Board Strategic Committee and the revision of the committee's working rules [1] Group 2 - The article features an exclusive interview with a Tesla FSD (Full Self-Driving) user who completed a 4,400-kilometer journey without taking control of the steering wheel [1] - The individual, who works as a lidar salesperson, expressed support for Musk's "pure vision" approach to autonomous driving [1]

深圳市裕同包装科技股份有限公司董事会战略与可持续发展委员会工作细则 深圳市裕同包装科技股份有限公司董事会 战略与可持续发展委员会工作细则 第一章 总则 第一条 为进一步完善公司治理结构，健全决策程序，加强决策科学性，提高 重大决策的质量，同时为践行可持续发展理念，推动公司高质量发展，提高环境、 社会和公司治理（ESG）工作效率和科学决策的水平，根据《中华人民共和国公司 法》、《深圳市裕同包装科技股份有限公司章程》（以下简称"公司章程"）及其 他有关规定，公司董事会设立战略与可持续发展委员会，制定本工作细则。 第二条 董事会战略与可持续发展委员会是董事会的专门工作机构，主要负责 对公司的长期发展战略、重大投资决策、可持续发展等重大议题进行研究，识别相 关风险与机遇，并提供决策建议。 第二章 人员组成 第三条 战略与可持续发展委员会由三名董事组成，其中至少包括一名独立董 事。战略与可持续发展委员会设主任委员一名。 第四条 战略与可持续发展委员会委员由董事长征求多数董事意见后提名任免， 董事会批准。 第五条 战略与可持续发展委员会任期与董事会任期一致，委员任期届满，连 选可以连任，其中独立董事委员连任时间不得超过六 ...

为进一步完善公司治理结构，健全决策程序，加强决策科学性，提高重大决 策的质量，同时为践行可持续发展理念，推动公司高质量发展，提高环境、社会 和公司治理（ESG）工作效率和科学决策的水平，根据《中华人民共和国公司法》、 《深圳市裕同包装科技股份有限公司章程》及其他有关规定，公司将董事会下设 的"战略委员会"更名为"战略与可持续发展委员会"，将《战略委员会工作细 则》更名为《战略与可持续发展委员会工作细则》并进行相应修订，在原有职责 的基础上增加可持续发展的相关职责，委员会的成员构成及任期均不作调整。 第五届董事会第十七次会议决议公告 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 七次会议通知于 2026 年 1 月 7 日（星期三）以书面或邮件方式发出，会议于 2026 年 1 月 9 日（星期五）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 ...

Group 1 - On January 6, Yutong Technology's stock rose by 2.68%, with a trading volume of 151 million yuan. The margin trading data showed a financing purchase amount of 13.01 million yuan and a financing repayment of 16.44 million yuan, resulting in a net financing buy of -3.44 million yuan. As of January 6, the total margin trading balance was 83.23 million yuan [1] - The financing balance of Yutong Technology on January 6 was 79.48 million yuan, accounting for 0.30% of the circulating market value, which is above the 60th percentile level over the past year, indicating a relatively high position [1] - On the same day, Yutong Technology repaid 1,600 shares in margin trading and sold 1,200 shares, with a selling amount of 35,000 yuan based on the closing price. The remaining margin trading volume was 128,800 shares, with a margin balance of 3.75 million yuan, exceeding the 70th percentile level over the past year, also indicating a high position [1] Group 2 - As of September 30, Yutong Technology had 11,100 shareholders, a decrease of 18.37% from the previous period. The average circulating shares per person increased by 20.15% to 45,919 shares [2] - For the period from January to September 2025, Yutong Technology achieved an operating income of 12.60 billion yuan, a year-on-year increase of 2.80%. The net profit attributable to the parent company was 1.18 billion yuan, reflecting a year-on-year growth of 6.00% [2] - Yutong Technology has distributed a total of 3.79 billion yuan in dividends since its A-share listing, with 2.40 billion yuan distributed over the past three years [3]

Group 1: Core Insights - The light industry manufacturing sector is expected to experience a recovery in 2026, driven by external macroeconomic stabilization and internal demand adjustments, although the recovery will show differentiation among companies [5][6] - Investment strategies should focus on growth-oriented companies that are expanding overseas, as well as on the supply-side changes in the paper packaging sector and new consumer brands showing marginal improvements [5][6] Group 2: Home Furnishing Sector - The home furnishing industry is currently facing a downturn, with ongoing pressures from consumption and housing handovers, and limited benefits from national subsidies [13][19] - The market environment is expected to remain stable in 2026, with a focus on individual company performance, as the sector is significantly influenced by consumer sentiment and real estate policies [34][40] - The expected decline in new housing completions in 2026 is projected at 21%, which will continue to impact demand for home furnishings [34][40] Group 3: Essential Consumer Goods - The essential consumer goods market is adapting to new dynamics, with established brands facing challenges from evolving channels and increased competition [52] - The growth potential in mature markets remains stable, but the overall consumption environment has weakened, leading to increased competition among leading brands [52][53] - New consumption trends are emerging from changes in consumer sentiment and technological innovations, which are reshaping market dynamics [52][53] Group 4: Light Industry Exports - The light industry export sector has shown strong growth among leading companies, despite fluctuations due to economic cycles and inventory levels [5][6] - The outlook for 2026 suggests continued growth for top companies, supported by stable macroeconomic conditions and ongoing trends such as capacity relocation and cost reduction [5][6] - The overall recovery in the light industry export sector is anticipated to stabilize, with a focus on expanding product categories and niche markets [5][6] Group 5: Paper Packaging Sector - The paper packaging sector is expected to see a gradual recovery, with stable pricing anticipated for cultural paper and improved profitability driven by demand from the consumer electronics and AI sectors [5][6] - The profitability of the paper industry is projected to stabilize, with key factors including supply-demand dynamics and cost efficiencies playing a crucial role [5][6] - Leading companies in the metal packaging sector are expected to benefit from increased market concentration and enhanced pricing power [5][6]

Investment Rating - The report maintains a positive outlook on the paper and light industry sectors, highlighting high dividend safety margin assets and companies with strong growth potential [1][2]. Core Insights - The report emphasizes the importance of focusing on high dividend safety margin assets in the packaging and home furnishing sectors, benefiting from the appreciation of the RMB and the expected decrease in paper procurement costs [2][4]. - It identifies key companies in the packaging sector such as Yongxin Co., Yutong Technology, Huawang Technology, and Meiyingsen, as well as home furnishing leaders like Kuka Home, Mousse, Oppein, and Sophia [2][4]. - The paper industry is expected to benefit from rising wood pulp prices and seasonal demand, with companies like Sun Paper, Nine Dragons Paper, and Bohui Paper being highlighted for their potential [2][4]. - The report also discusses the export sector, noting the impact of RMB appreciation and the importance of supply chain and brand expansion for companies like Jiangxin Home, Yongyi Co., Jiayi Co., and Zhongxin Co. [2][4]. Summary by Sections Packaging Sector - The packaging industry is characterized by a mature competitive landscape, with leading companies reducing capital expenditures and demonstrating advantages in overseas markets [5][6]. - Yongxin Co. is noted for its stable high dividend policy and strong performance in soft packaging and film business, with a dividend rate of 84% to 81% from 2020 to 2024 [5]. - Yutong Technology has expanded its global supply chain, enhancing its operational efficiency and increasing its dividend rate to 70% by 2025 [6]. - Huawang Technology is positioned well in the decorative paper market, with expectations of improved profitability due to limited new supply and rising demand [7]. - Meiyingsen is recognized for its strategic overseas expansion and high dividend yield, with a focus on emerging markets [8]. Home Furnishing Sector - The home furnishing industry is experiencing accelerated consolidation, with a positive outlook driven by supportive real estate policies and improving consumer confidence [9][10]. - Companies like Kuka Home and Sophia are expected to benefit from the increasing demand for home renovation and the implementation of "old-for-new" policies [10][23]. - The report highlights the importance of retail capabilities and supply chain improvements for companies to enhance their market share and profitability [23][24]. Paper Industry - The paper industry is anticipated to see a recovery in demand and pricing, supported by strong control over production by overseas pulp mills [11][13]. - Companies such as Sun Paper and Nine Dragons Paper are expected to benefit from the stabilization of pulp prices and improved supply-demand dynamics [11][13]. - The report notes that the industry has been at a low point for several years, but a mid-term recovery is expected as demand gradually increases [11][13]. Export Sector - The export sector is influenced by the global economic environment, with a focus on companies that are expanding their international presence and brand recognition [14][15]. - Jiangxin Home is noted for its innovative product offerings and strong growth in customer numbers, while Yongyi Co. is positioned to capitalize on the growing demand for ergonomic chairs [15][16]. - Jiayi Co. is recognized for its strategic expansion in the insulated cup market, while Zhongxin Co. is highlighted for its growth potential in the pulp molding sector [16][17]. Pet Products Sector - The pet products sector is experiencing robust growth, with companies like Yiyi Co. and Yuanfei Pet benefiting from strong export performance and brand development [18]. - Yiyi Co. is expected to see significant revenue growth due to its acquisition strategy and strong sales performance [18]. - Yuanfei Pet is noted for its rapid growth in the domestic market and expansion of its product offerings [18]. Light Industry Sector - The report emphasizes the importance of monitoring changes in the light industry, with companies like Anfu Technology and Jianlin Home focusing on strategic acquisitions and technological advancements [19][20]. - Anfu Technology is expected to enhance its profitability through increased ownership in Nanfeng Battery and expansion into new business areas [19]. - Jianlin Home is transitioning towards smart robotics, leveraging its existing technology and market position [20].

Investment Rating - The report maintains a positive outlook on the paper and light industry sectors, highlighting high dividend yield assets and companies with strong growth potential [1][2]. Core Insights - The report emphasizes the importance of focusing on high dividend yield assets in stable industry segments, particularly in packaging and home furnishing sectors [5][10]. - The appreciation of the RMB is expected to lower procurement costs in the paper industry, with price increases in wood pulp and seasonal demand supporting paper prices [2][12]. - The report identifies key companies for investment, including packaging leaders like Yongxin Co., Yutong Technology, and home furnishing brands such as Kuka Home and Mousse [2][10]. Summary by Sections 1. Weekly Insights - Short-term focus on high dividend yield assets in stable packaging companies and leading home furnishing brands [5][6]. - Anticipated benefits from RMB appreciation leading to lower procurement costs in the paper industry [5][12]. - Recommendations for companies with strong export capabilities and potential for brand development [5][15]. 2. Industry Perspectives Packaging - The packaging industry is stabilizing, with leading companies reducing capital expenditures and maintaining high dividend payouts [6][7]. - Yongxin Co. is noted for its strong position in soft packaging and high dividend rates [6]. - Yutong Technology benefits from global supply chain advantages and is expected to increase its dividend payout [7]. Home Furnishing - The home furnishing sector is expected to see valuation recovery driven by supportive real estate policies and improving consumer confidence [10][11]. - Companies like Kuka Home and Mousse are highlighted for their strong market positions and potential for growth [10][11]. Paper Industry - The paper industry is entering a recovery phase with stabilizing prices and improved demand dynamics [12][14]. - Companies such as Sun Paper and Nine Dragons Paper are positioned to benefit from these trends [12][14]. Export Sector - The report highlights the importance of global supply chain strategies and brand development for companies in the export sector [15][16]. - Companies like Jiangxin Home and Yongyi Co. are noted for their strong export capabilities and market positioning [15][16]. Pet Products - The pet products sector is experiencing growth with strong domestic brands and international expansion [19]. - Companies like Yiyi Co. and Yuanfei Pet are recommended for their robust growth potential [19]. Light Industry - The report discusses the strategic changes in light industry companies, focusing on mergers and acquisitions to enhance growth [20]. - Companies like Anfu Technology and Jianlin Home are noted for their innovative approaches and market positioning [20][21].