Core Insights - The packaging and printing sector experienced a slight increase of 0.04% on November 20, with Xin Hongze leading the gains [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Stock Performance - Xin Hongze (002836) closed at 16.08, up 9.99% with a trading volume of 219,600 shares and a transaction value of 333 million yuan [1] - Yingxing Co. (002752) closed at 6.55, up 5.31% with a trading volume of 768,900 shares and a transaction value of 515 million yuan [1] - Xianggang Technology (665509) closed at 20.03, up 3.03% with a trading volume of 164,800 shares and a transaction value of 327 million yuan [1] - Other notable stocks include Yongxin Co. (002014) with a 1.24% increase and Donggang Co. (002117) with a 0.90% increase [1] Capital Flow - The packaging and printing sector saw a net outflow of 221 million yuan from institutional investors, while retail investors contributed a net inflow of 261 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - Yingxing Co. (002752) had a net inflow of 10.8 million yuan from institutional investors, but saw a net outflow of 31.3 million yuan from speculative funds [3] - Xin Hongze (002836) experienced a net inflow of 16.1 million yuan from institutional investors, with a minor net inflow from speculative funds [3] - Other stocks like Aorijin (002701) and Jiahe Technology (920392) also showed varied capital flows, reflecting differing investor sentiments [3]

| | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 増減 | | 年同期增减 | | 营业收入(元) | 528,026,517.24 | 31.58% | 1,304,695,961.92 | 31.96% | | 归属于上市公司股东 的净利润(元) | 5,531,661.86 | -65. 67% | 7,858,732.98 | -79. 40% | | 归属于上市公司股东 | | | | | | 的扣除非经常性损益 | 4.084.497.74 | -70.06% | 5, 863, 859. 55 | -80. 73% | | 的净利润(元) | | | | | | 经营活动产生的现金 | | | 85, 796, 675. 28 | 9.60% | | 流量净额(元) | | | | | 南王科技于2023年6月12日在深交所创业板上市，发行数量为48,780,000股，占发行后总股本的25.00%， 本次发行全部为新股，无老股转让，发行价格为17.55元/股。公司保荐人(主承销商) ...

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75.13%，同类 排名210/8145；近一年收益70.53%，同类排名181/8059；成立以来收益238%。 诺安多策略混合A（320016）基金经理为孔宪政。 截至发稿，孔宪政累计任职时间4年353天，现任基金资产总规模56.08亿元，任职期间最佳基金回报 91.19%， 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 11月13日，南王科技涨5.22%，截至发稿，报13.30元/股，成交9813.32万元，换手率7.61%，总市值 25.95亿元。 资料显示，福建南王环保科技股份有限公司位于福建省惠安县东桥镇莲塘村560号，成立日期2010年5月 31日，上市日期2023年6月12日，公司主营业务涉及环保纸袋及食品包装等纸制品包装的研发、制造和 销售。主营业务收入构成为：食品包装36.20%，环保纸袋35.01% ...

Group 1 - The core viewpoint of the news is that Nanwang Technology's stock has shown a recent upward trend despite a year-to-date decline, with significant trading activity and a notable increase in revenue, although net profit has decreased sharply [1][2][3] Group 2 - As of November 5, Nanwang Technology's stock price increased by 2.01% to 12.67 CNY per share, with a trading volume of 77.91 million CNY and a turnover rate of 6.22%, resulting in a total market capitalization of 2.472 billion CNY [1] - Year-to-date, Nanwang Technology's stock price has decreased by 3.44%, but it has increased by 5.15% over the last five trading days and 8.29% over the last 20 days [2] - The company reported a revenue of 1.305 billion CNY for the first nine months of 2025, representing a year-on-year growth of 31.96%, while the net profit attributable to shareholders decreased by 79.40% to 7.8587 million CNY [2] - The main business segments of Nanwang Technology include food packaging (36.20%), eco-friendly paper bags (35.01%), non-woven bags (24.96%), labels (2.65%), and other products (1.19%) [2] - As of September 30, 2025, the number of shareholders in Nanwang Technology was 13,100, a decrease of 4.02% from the previous period, with an average of 7,635 circulating shares per person, an increase of 4.18% [2] - Since its A-share listing, Nanwang Technology has distributed a total of 87.6168 million CNY in dividends [3] - Among the top ten circulating shareholders, the Noan Multi-Strategy Mixed A fund is the fifth largest shareholder, having acquired 1.3227 million shares as a new investor [3]

Core Viewpoint - Nanwang Technology, established in May 2010 and listed on the Shenzhen Stock Exchange in June 2023, is a significant player in the domestic paper packaging industry, focusing on the research, development, and manufacturing of eco-friendly paper bags and food packaging [1] Group 1: Business Performance - For Q3 2025, Nanwang Technology reported revenue of 1.305 billion yuan, ranking 8th among 21 companies in the industry, with the industry leader, Yutong Technology, generating 12.601 billion yuan [2] - The main business composition includes food packaging at 281 million yuan (36.20%), eco-friendly paper bags at 272 million yuan (35.01%), non-woven bags at 194 million yuan (24.96%), labels at 20.5592 million yuan (2.65%), and others at 9.2137 million yuan (1.19%) [2] - The net profit for the same period was 2.9153 million yuan, ranking 16th in the industry, with the top performer, Yutong Technology, achieving a net profit of 1.161 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Nanwang Technology's debt-to-asset ratio was 41.70%, higher than the previous year's 34.17% and above the industry average of 35.30% [3] - The gross profit margin for the period was 12.92%, down from 15.49% year-on-year and below the industry average of 21.53% [3] Group 3: Management and Shareholder Information - The chairman, Chen Kaisheng, received a salary of 1.041 million yuan in 2024, an increase of 27,600 yuan from 2023 [4] - As of September 30, 2025, the number of A-share shareholders decreased by 4.02% to 13,100, while the average number of circulating A-shares held per account increased by 4.18% to 7,635.28 [5]

Core Viewpoint - Nanwang Technology (301355.SZ) reported a decrease in institutional ownership in its third-quarter report for 2025, with a total of 6 institutional investors holding 54.84 million shares, representing 28.11% of the total share capital, down by 1.85 percentage points from the previous quarter [1] Institutional Ownership - As of October 29, 2025, institutional investors collectively held 54.84 million shares of Nanwang Technology, accounting for 28.11% of the total share capital [1] - The institutional investors include Huian Huaying Investment Center (Limited Partnership), Huian Chuanghui Investment Center (Limited Partnership), Jinjiang Yongrui Investment Partnership (Limited Partnership), Huian Zhonghui Investment Center (Limited Partnership), Jinjiang Yongyue Investment Partnership (Limited Partnership), and China Construction Bank Co., Ltd. - Nuoan Multi-Strategy Mixed Securities Investment Fund [1] - Compared to the previous quarter, the total institutional ownership percentage decreased by 1.85 percentage points [1] Public Fund Holdings - One public fund, Nuoan Multi-Strategy Mixed A, increased its holdings during this period, with an increase percentage of 0.26% [1] - A total of 30 public funds that were previously disclosed did not report their holdings this quarter, including CITIC Prudential Multi-Strategy Mixed (LOF) A, Guojin Quantitative Multi-Factor A, CITIC Prudential Economic Preferred Mixed A, Jianxin Flexible Allocation Mixed A, and Guojin Quantitative Selected A [1]

Core Viewpoint - Nanwang Technology (301355.SZ) reported a significant increase in revenue for the first three quarters of 2025, but experienced a substantial decline in net profit compared to the previous year [1] Financial Performance - The company's operating revenue for the first three quarters reached 1.305 billion yuan, representing a year-on-year growth of 31.96% [1] - The net profit attributable to shareholders of the listed company was 7.8587 million yuan, showing a year-on-year decrease of 79.40% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 5.8639 million yuan, down 80.73% year-on-year [1] - Basic earnings per share stood at 0.04 yuan [1]

Financial Performance - The company's operating revenue for the third quarter reached ¥528,026,517.24, representing a year-on-year increase of 31.58%[5] - The net profit attributable to shareholders decreased by 65.67% to ¥5,531,661.86, while the net profit excluding non-recurring gains and losses fell by 70.06% to ¥4,084,497.74[5] - Basic and diluted earnings per share were both ¥0.03, down 62.50% compared to the same period last year[5] - The company reported a year-to-date net profit attributable to shareholders of ¥7,858,732.98, down 79.40% year-on-year[5] - The company's net profit for the current period is CNY 2,915,332.75, compared to CNY 34,665,969.18 in the previous period, indicating a significant decrease[21] - Operating income for the current period is CNY -1,832,506.95, while the previous period reported CNY 34,846,072.23, reflecting a substantial decline[21] - Total comprehensive income for the current period is CNY 3,233,657.27, down from CNY 35,889,999.42 in the previous period[21] - The company reported a basic and diluted earnings per share of CNY 0.04, compared to CNY 0.2 in the previous period[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥2,699,710,639.27, an increase of 4.49% from the end of the previous year[5] - The company reported a significant increase in accounts receivable, rising to ¥293,487,047.32 from ¥245,252,800.86, reflecting a growth of 19.6%[16] - Cash and cash equivalents decreased to ¥252,322,135.79 from ¥299,646,650.57, a decline of 15.8%[16] - Non-current assets totaled ¥1,732,244,702.73, an increase of 10.2% from ¥1,572,149,764.88 at the beginning of the period[17] - Total liabilities increased to ¥1,125,748,276.91, up 12.1% from ¥1,004,071,037.40[17] - The company's equity attributable to shareholders decreased slightly to ¥1,507,757,747.32 from ¥1,523,819,270.19, a decline of 1.1%[17] Cash Flow - The company's net cash flow from operating activities for the year-to-date was ¥85,796,675.28, reflecting a 9.60% increase[5] - Cash flow from operating activities increased to CNY 85,796,675.28 from CNY 78,280,882.35 year-over-year[23] - The company generated CNY 1,421,501,633.81 in cash from sales of goods and services, an increase from CNY 1,083,268,530.78 in the previous period[23] - Investment activities resulted in a net cash outflow of CNY -208,131,883.71, compared to CNY -44,138,496.70 in the previous period[23] - Financing activities produced a net cash inflow of CNY 75,696,731.42, up from CNY 19,287,861.25 year-over-year[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,124[10] - The top 10 shareholders hold a total of 34,800,000 shares, with the largest shareholder, Chen Kaisheng, holding 34,800,000 shares, representing a significant portion of the company's equity[12] - The repurchase account holds 1,743,100 shares, accounting for 0.8934% of the total shares, ranking it as the 4th largest shareholder[11] - The company has a total of 96,017,500 shares under lock-up agreements, with 87,500 shares released during the current period[13] - The company has no changes in the number of shares held by the top 10 shareholders due to margin trading activities[12] - The company has a total of 5 shareholders holding more than 5% of the shares, indicating a concentrated ownership structure[12] - The company has no new restrictions on shares during the current period, maintaining the same number of locked shares as before[12] Operational Insights - The gross profit margin has declined, contributing to the decrease in net profit, alongside increased management expenses and depreciation costs[8] - Total operating revenue for the current period reached ¥1,304,695,961.92, an increase of 31.9% compared to ¥988,741,114.11 in the previous period[20] - Total operating costs amounted to ¥1,320,047,604.95, up 36.7% from ¥966,162,548.95 in the prior period[20] - Gross profit margin decreased, with operating costs representing approximately 101.2% of operating revenue in the current period[20] - Research and development expenses rose to ¥43,253,463.99, an increase of 32.6% compared to ¥32,605,334.25 in the previous period[20] - The company reported a net loss from asset impairment of ¥4,863,416.32, compared to a loss of ¥3,917,706.82 in the prior period[20] Future Outlook - The company’s financial report for the quarter ending September 30, 2025, is pending release, indicating ongoing financial assessments[15] - The company has not disclosed any new strategies or market expansions during the current reporting period[14] - The company’s future outlook remains stable with no significant changes in shareholder structure or financial guidance provided[14] - The company continues to focus on maintaining its current shareholder base without any new major investments or acquisitions announced[14]

证券代码：301355 证券简称：南王科技 公告编号：2025-062 福建南王环保科技股份有限公司 原经营场所地址：珠海市金湾区三灶镇定湾七路 362 号 4 栋一层 变更后经营场所地址：珠海市金湾区三灶镇定湾七路 362 号 4 栋 二、变更后的工商登记信息 名称：珠海市中粤纸杯容器有限公司 统一社会信用代码：914404006174974755 类型：有限责任公司（非自然人投资或控股的法人独资） 法定代表人：潘海群 成立日期：1990 年 12 月 28 日 关于全资子公司变更经营场所地址并完成工商变更登记的公告 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、误导性陈述或者重大遗漏。 福建南王环保科技股份有限公司的全资子公司珠海市中粤纸杯容器有限公 司因经营发展需要，将公司经营场所地址变更为：珠海市金湾区三灶镇定湾七 路 362 号 4 栋，并于近期完成工商变更登记手续，取得了珠海市金湾区市场监 督管理局换发的《营业执照》。具体情况如下： 一、经营场所地址变更情况 经营场所地址：珠海市金湾区三灶镇定湾七路 362 号 4 栋 三、备查文件 《珠海市中粤纸杯容器有限公司营业执照 ...

证券代码：301355 证券简称：南王科技 公告编号：2025-061 福建南王环保科技股份有限公司 董事会薪酬与考核委员会与监事会 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》"）、《上市公司股权激励管理办法》 （以下简称"《管理办法》"）、《深圳证券交易所创业板股票上市规则》《深 圳证券交易所创业板上市公司自律监管指南第 1 号——业务办理》及《福建南王 环保科技股份有限公司章程》（以下简称"《公司章程》"）等法律、法规、规 范性文件的规定，福建南王环保科技股份有限公司（以下简称"公司"）董事会 薪酬与考核委员会与监事会对公司 2025 年限制性股票激励计划（草案）（以下 简称"《激励计划（草案）》"或"本次激励计划"）首次授予激励对象名单进 行了核实并发表意见如下： 一、本次激励计划拟激励对象均不存在《管理办法》第八条规定的不得成为 激励对象的下列情形： （一）最近 12 个月内被证券交易所认定为不适当人选； （二）最近 12 个月内被中国证监会及其派出机构认定为不适当人选； （三）最近 12 个月内因重大违法违规行为被中国证监会及其派出机构行 ...