1月9日，新美星涨5.18%，截至发稿，报16.25元/股，成交1.92亿元，换手率4.96%，总市值48.16亿元。 新美星股价已经连续4天上涨，区间累计涨幅20.33%。 截至发稿，孔宪政累计任职时间5年45天，现任基金资产总规模56.08亿元，任职期间最佳基金回报 86.44%， 任职期间最差基金回报-16.74%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，诺安基金旗下1只基金位居新美星十大流通股东。诺安多策略混合A（320016）三季度新进 十大流通股东，持有股数173.48万股，占流通股的比例为0.7%。根据测算，今日浮盈赚取约138.78万 元。连续4天上涨期间浮盈赚取452.78万元。 诺安多策略混合A（320016）成立日期2011年8月9日，最新规模18.55亿。今年以来收益2.79%，同类排 名4045/8827；近一年收益80.52%，同类排名423/8084；成立以来收益239.2%。 诺安多策略混合A（320 ...

Core Viewpoint - The report from Zhongtai Securities highlights the rapid development of emerging beverage categories such as sugar-free drinks, tea, and functional beverages, which have led to a significant recovery in equipment demand due to continuous new product launches and capacity expansion by second and third-tier brands [1][2]. Domestic Market - The domestic beverage consumption has undergone significant structural changes, benefiting from the widespread adoption of health-conscious consumption, with emerging categories like sugar-free drinks and functional beverages experiencing rapid growth [2]. - The demand for liquid packaging machinery is driven by the need for line upgrades, with a strong demand for ultra-clean and sterile lines [2]. - The domestic market is expected to see steady growth, with listed companies entering an expansion cycle since 2019, despite intense competition [2]. Overseas Market - Emerging markets have shown overall growth over the past decade, with accelerated growth post-pandemic, particularly in regions like India, Southeast Asia, and Latin America, where consumer spending power is increasing [3]. - Chinese companies are experiencing accelerated export growth due to their significant cost-performance advantages and after-sales service, although their market share remains low, indicating substantial future growth potential [3][4]. - The Asia-Pacific market is witnessing a decline in German companies' deliveries in 2024, while imports from China are on the rise [3]. Industry Outlook - The overall industry is experiencing a positive development trend, with simultaneous increases in revenue scale and profitability due to the resonance of domestic and international market demands [4]. - The global packaging equipment market is projected to grow at a compound annual growth rate (CAGR) of 3.8% from 2025 to 2032, while China's packaging machinery industry is expected to grow at an average annual rate of around 8% during the 14th Five-Year Plan period [2]. - Domestic manufacturers have established strong competitive advantages for overseas expansion, including lower costs and faster delivery times compared to Western brands, as well as stable technical service capabilities [4].

Core Viewpoint - The liquid packaging industry is experiencing a positive development trend with simultaneous growth in revenue scale and profitability, driven by structural changes in domestic beverage consumption and the rise of health-conscious products [1][3]. Domestic Market - Significant structural changes in domestic beverage consumption have occurred, with rapid development of sugar-free drinks, tea beverages, and functional drinks, leading to increased demand for equipment [2][3]. - The domestic market is entering an expansion cycle post-2019, with fierce competition expected to continue, resulting in stable growth [2][3]. - The average annual growth rate of China's packaging machinery industry is projected to be around 8% during the 14th Five-Year Plan period, with an average profitability growth rate of 7% for industry players [2]. Overseas Market - Emerging markets have shown overall growth in the past decade, with accelerated growth post-pandemic, particularly in India, Southeast Asia, and Latin America, driven by rising consumer spending [3]. - Chinese companies are benefiting from significant cost advantages and after-sales service, leading to accelerated export growth, despite currently low market share in overseas markets [3][4]. Competitive Advantages of Domestic Manufacturers - Domestic equipment has lower acquisition and long-term maintenance costs compared to brands from Europe, the US, and Japan, with efficient logistics and production timelines that meet the needs of emerging markets [4]. - Domestic enterprises have the capability to provide highly customized products and stable technical services, which are essential for meeting the demands of new markets [4]. - The trend of global investment favoring emerging countries and the upgrading of the food and beverage industry in countries like Vietnam and Indonesia creates ongoing demand for packaging equipment [4]. Recommended Stocks - Companies to watch include Dali Long (002209.SZ), Xin Meixing (300509.SZ), Yongchuang Intelligent (603901.SH), and Zhongya Co., Ltd. (300512.SZ) [4].

Investment Rating - The report does not explicitly state an investment rating for the liquid packaging machinery industry. Core Insights - The liquid packaging machinery is essential for the fast-moving consumer goods sector, particularly in food and beverage, personal care, and condiments. The industry primarily focuses on complete line sales, such as "blow-fill-cap" solutions. In developed markets, the emphasis is on upgrading existing production lines, while developing markets in Asia, Africa, and Latin America are still expanding their production capacity. The economic lifespan of domestic liquid packaging machinery is typically around 10 years [4][10]. Summary by Sections 1. Liquid Packaging Machinery Overview - Liquid packaging machinery is crucial for automating the entire process from bottle manufacturing to filling, capping, labeling, and packaging. The core equipment includes blow molding machines, filling machines, capping machines, and downstream packaging equipment. The industry is characterized by integrated solutions, with developed countries focusing on line upgrades and emerging markets still in the expansion phase [10][4]. 2. Domestic Market - Recent structural changes in domestic beverage consumption, driven by health trends, have led to rapid growth in sugar-free drinks, tea, and functional beverages. This has resulted in a significant recovery in equipment demand, with domestic companies entering an expansion cycle post-2019. The competition in the domestic market is intense, but growth is expected to remain stable [4][21]. 3. Overseas Market Opportunities - Emerging markets have shown consistent growth over the past decade, accelerated post-pandemic. Increased consumer spending in countries like India, Southeast Asia, and Latin America has driven demand for bottled water and sugary beverages. Chinese companies, leveraging cost advantages and service capabilities, are seeing accelerated export growth, with significant potential for market share expansion in these regions [4][21][25]. 4. Advantages of Chinese Liquid Packaging Machinery Exports - Chinese manufacturers have several competitive advantages in overseas markets, including lower purchase and maintenance costs compared to Western brands, efficient logistics to Southeast Asia and South Asia, and the ability to provide customized products and stable technical services. The global trend of investment shifting towards emerging markets further supports the demand for packaging equipment [4][25][30]. 5. Market Size and Growth Projections - The global packaging equipment market is projected to grow at a CAGR of 3.8% from 2024 to 2032, while China's packaging machinery industry is expected to grow at an annual rate of around 8% during the 14th Five-Year Plan period. The average profitability growth rate in the industry is estimated at 7%, with exports potentially reaching $12 billion [4][21]. 6. Market Demand and Supply Analysis - The report estimates that the domestic liquid packaging machinery market size for beverage packaging will reach approximately 169.4 billion yuan in 2024, based on consumption data and production line requirements. The overseas market for liquid packaging machinery is projected to be around 750.9 billion yuan, with significant growth potential in regions like Asia-Pacific and Africa [4][31][35]. 7. Recommended Companies - The report suggests focusing on companies such as Dali Long, New Meixing, Yongchuan Intelligent, and Zhongya Co., which are positioned to benefit from the industry's growth and export opportunities [4][21].

国浩律师（上海）事务所 关于江苏新美星包装机械股份有限公司 2025 年第一次临时股东会的 法律意见书 致：江苏新美星包装机械股份有限公司 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》"）和中国证券监督管理委员会《上市公司股东 会规则》（以下简称"《股东会规则》"）的规定，国浩律师（上海）事务所接受江 苏新美星包装机械股份有限公司（以下简称"公司"）董事会的聘请，指派律师现场 见证了公司于 2025 年 12 月 15 日 14:30 起在江苏省张家港经济开发区（南区）新 泾东路 518 号公司会议室召开的公司 2025 年第一次临时股东会，并依据有关法律、 法规、规范性文件的规定以及《江苏新美星包装机械股份有限公司章程》（以下 简称"《公司章程》"）的规定，对本次股东会的召集、召开程序、出席人员资格、 大会表决程序等事宜进行了审查，现发表法律意见如下： 国浩律师（上海）事务所 法律意见书 一、股东会的召集、召开程序 公司董事会已于 2025 年 11 月 29 日在中国证监会指定信息披露网站上向公司 股东发出了召开 2025 年第一次临时股东会的会 ...

证券代码：300509 证券简称：新美星 公告编号：2025-040 2025 年第一次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东会未出现否决议案的情形。 2、本次股东会未涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、召开时间： （1）现场会议召开时间：2025 年 12 月 15 日（星期一）下午 14：30 江苏新美星包装机械股份有限公司 （2）网络投票时间：2025 年 12 月 15 日 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 12 月 15 日上 午 9:15－9:25，9:30－11:30，下午 13:00－15:00。 通过深圳证券交易所互联网投票系统投票的具体时间为 2025 年 12 月 15 日 上午 9:15 至下午 15:00 的任意时间。 2、召开地点：江苏省张家港经济开发区（南区）新泾东路 518 号公司会议 室 3、召开方式：本次股东会采用现场投票和网络投票相结合的方式进行，公 司股东应选择现场投票、网络投票中的一种方式。同 ...

证券代码：300509 证券简称：新美星 投资者关系活动记录表 江苏新美星包装机械股份有限公司 【回复】公司多年积累的技术优势成功转化、夯实了市场领先 地位，并获得了国内外众多客户的高度认可。 投资者关系活动记录表 | 投资者关系活动 | 特定对象调研 □ 分析师会议 ☑ | | --- | --- | | 类别 | □ 媒体采访 □ 业绩说明会 | | | □ 新闻发布会 □ 路演活动 | | | 现场参观 ☑ | | | □ 其他 | | 参与单位名称及 | （1）中泰证券 寇鸿基； | | 人员姓名 | （2）华夏基金 邓寒； | | | （3）万家基金 冯哲； | | | （4）盛熙基金 谢丙东； | | | （5）光大永明资产 蒋冰； | | | （6）玖鹏资产 边梦葳。 | | 时间 | 2025 年 12 月 9 日 (周二) 上午 10:00—12:00 | | 地点 | 公司会议室 | | 上市公司接待人 | 董事会秘书张钦杰 | | 员姓名 | 一、公司产品体系及经营情况介绍 | | | 二、互动交流 | | | 【问题 1】请谈谈公司在技术方面的核心竞争优势。 | | | 【回复】新美星 ...

证券代码：300509 证券简称：新美星 投资者关系活动记录表 江苏新美星包装机械股份有限公司 投资者关系活动记录表 | 投资者关系活动 | □特定对象调研 □ | 分析师会议 | | --- | --- | --- | | 类别 □ | 媒体采访 □ | 业绩说明会 | | □ | 新闻发布会 □ | 路演活动 | | □ | 现场参观 | | | ☑ | 其他 （"2025 苏州上市公司投资者集体接待日"活动） | | | 参与单位名称及 | 投资者网上提问 | | | 人员姓名 | | | | 时间 | 2025 年 12 月 2 日 (周二) 下午 15:30~17:00 | | | 地点 | 公司通过全景网"全景路演"（http://rs.p5w.net）采用网络 | | | | 远程的方式参与"2025 苏州上市公司投资者集体接待日"活动 | | | 上市公司接待人 | 1、财务总监陈红 | | | 员姓名 | 2、董事会秘书张钦杰 | | | | 投资者提出的问题及公司回复情况 | | | | 公司就投资者在本次说明会中提出的问题进行了回复： | | | | 【问题 1】领导您好，我是中泰机械分 ...

以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 最新公告列表 《关于参加2025苏州上市公司投资者集体接待日活动的公告》 《章程修正案》 《董事和高级管理人员离职管理制度（2025年11月）》 《年报信息披露重大差错责任追究制度（2025年11月）》 《内部控制管理制度（2025年11月）》 《内幕信息知情人登记管理制度（2025年11月）》 《子公司管理制度（2025年11月修订）》 《市值管理制度(2025年11月)》 《董事和高级管理人员所持公司股份及其变动管理制度（2025年11月）》 《信息披露暂缓与豁免事务管理制度（2025年11月）》 《董事会秘书工作制度（2025年11月）》 《证券投资管理制度（2025年11月）》 《内部审计管理制度（2025年11月）》 《股东会网络投票管理制度（2025年11月）》 《重大信息内部报告制度（2025年11月）》 《投资者关系管理制度（2025年11月）》 《信息披露管理制度（2025年11月）》 《公司章程（2025年11月）》 《外汇套期保值业务内控管理制度（2025年11月 ...

Group 1 - The core viewpoint of the article highlights the performance and trends in the Chinese packaging machinery industry, particularly focusing on production statistics and future projections [1] - According to the National Bureau of Statistics, the production of packaging special equipment in China was 186,000 units in September 2025, representing a year-on-year decrease of 1.1% [1] - Cumulatively, from January to September 2025, the total production of packaging special equipment reached 1.379 million units, showing a cumulative growth of 26% [1] Group 2 - The article references a report by Zhiyan Consulting titled "Analysis Report on the Operation Status and Development Trends of China's Packaging Machinery Industry from 2025 to 2031" [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, providing comprehensive industry research reports, business plans, feasibility studies, and customized services [1] - The firm emphasizes its commitment to delivering high-quality services and market insights to empower investment decisions in the packaging machinery sector [1]