Group 1 - The core opinion of the legal opinion letter is that the convening and holding procedures of the company's 2025 second extraordinary general meeting of shareholders comply with relevant laws and regulations [5][11][12] - The meeting is scheduled for August 22, 2025, at 14:00 in the company's conference room located at 69 Tianhu South Road, Qujiang District, Quzhou City, Zhejiang Province [3][4] - The company has announced the meeting details, including time, location, and agenda, to all shareholders, with the record date set for August 14, 2025 [3][4] Group 2 - A total of 80 shareholders and representatives participated in the meeting, representing 563,980,057 shares with voting rights, accounting for 79.8866% of the total voting shares [4][5] - The meeting adopted a combination of on-site voting and online voting, with specific time slots for each voting method [3][4] - The legal opinion confirms that the qualifications of the convening personnel and participants meet the requirements of the Company Law and relevant regulations [5][11] Group 3 - The meeting approved several resolutions, including the cancellation of the supervisory board and amendments to the company's articles of association, with a significant majority in favor [6][9][10] - The voting results for key resolutions showed overwhelming support, with votes in favor exceeding 99.5% for most proposals [6][8][9] - The resolutions included the election of new non-independent and independent directors for the fourth board of directors, with all candidates receiving substantial support from shareholders [10][11]

证券代码：603733 证券简称：仙鹤股份 公告编号：2025-040 (一) 股东大会召开的时间：2025 年 8 月 22 日 (二) 股东大会召开的地点：浙江省衢州市衢江区天湖南路 69 号仙鹤股份有限 公司会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 份总数的比例（%） (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，公司董事长王敏良先生主持会议。会议采用现 场投票与网络投票相结合的方式进行表决。本次股东大会的召集和召开程序、出 席会议人员的资格和召集人资格、会议的表决程序和表决结果均符合《公司法》 及《公司章程》的规定。 债券代码：113632 债券简称：鹤 21 转债 仙鹤股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 本次会议是否有否决议案：无 一、 会议召开和出席情况 (五) 公司董事、监事和董事会秘书的出席情况 二、 议案审议情况 (一)非累积投票议案 审议结果：通过 表决情况： | | 同 ...

仙鹤股份有限公司2025 年半年度报告 公司代码：603733 公司简称：仙鹤股份 债券代码：113632 债券简称：鹤 21 转债 仙鹤股份有限公司 2025 年半年度报告 1 / 215 仙鹤股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会及董事、高级管理人员保证半年度报告内容的真实性、准确性、完整性，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人王敏良、主管会计工作负责人王敏岚及会计机构负责人（会计主管人员）叶小 琴声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请 投资者注意投资风险。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 ...

关于选举职工代表董事的公告 | 证券代码：603733 | 证券简称：仙鹤股份 | 公告编号：2025-041 | | --- | --- | --- | | 债券代码：113632 | 债券简称：鹤21转债 | | 仙鹤股份有限公司 特此公告。 仙鹤股份有限公司董事会 2025 年 8 月 23 日 附件： 职工代表董事简历 戴贤中，男， 1965 年 6 月出生，中国国籍，无境外永久居留权，大专学历。历任安 徽造纸厂生产技术部部长。现任仙鹤股份有限公司副总经理，广西仙鹤新材料有限公司总 经理，浙江唐丰特种纸有限公司监事。 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 仙鹤股份有限公司（以下简称"公司"）第三届董事会任期届满，根据《中华人民 共和国公司法》（以下简称"《公司法》"）《上海证券交易所股票上市规则》《仙鹤股 份有限公司章程》（以下简称"《公司章程》"）等相关规定，结合公司实际情况，公司 将不设监事会，监事会的职权由董事会审计委员会履行；董事会新设职工代表董事一名； 因此职工代表监事届满后将不再设，职工代表 ...

证券代码：603733 证券简称：仙鹤股份 公告编号：2025-043 债券代码：113632 债券简称：鹤21转债 仙鹤股份有限公司 关于董事会完成换届选举及 聘任高级管理人员、证券事务代表的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 仙鹤股份有限公司（以下简称"公司"）于2025年8月22日召开2025年第二次临时股 东大会，选择产生公司第四届董事会非独立董事5名，独立董事3名，与公司职工代表大会 选举产生的1名职工代表董事，共同组成公司第四届董事会。 2025年8月22日，公司召开第四届董事会第一次会议，选举产生公司董事长、副董事 长、董事会各专门委员会成员，并聘任了公司新一届高级管理人员、证券事务代表。现将 有关情况公告如下： 公司第四届董事会第一次会议审议通过了《关于选举公司第四届董事会各专门委员 会成员的议案》，经公司全体董事一致同意，公司第四届董事会各专门委员会委员成员组 成如下： | 序号 | 专门委员会名称 | 专门委员会成员 | 主任委员（召集人） | | --- | --- | --- | ...

为深入贯彻落实《国务院关于进一步提高上市公司质量的意见》精神，践行"以 投资者为本"的发展理念，持续提升公司治理水平、经营效率与核心竞争力，增强投 资者的获得感与满意度，仙鹤股份有限公司（以下简称"公司"）于2025年4月29日在 上海证券交易所网站发布了《仙鹤股份有限公司关于2025 年度"提质增效重回报" 行动方案的公告》。 2025年上半年，公司紧紧围绕该方案制定的目标与举措，积极推进各项工作的落 实，并于2025年8月22日召开的第四届董事会第一次会议审议通过了《关于2025年度 "提质增效重回报"行动方案半年度评估报告的议案》。现将具体实施情况报告如下： 一、聚焦主业，强化核心竞争力 2025 年上半年，公司始终坚持"绿色发展、智能制造、高端引领"的发展战略， 深耕特种纸及新材料领域，持续加大研发投入，强化技术创新，不断巩固和提升核心 竞争优势。报告期内，公司完成特种浆纸产量110.79万吨，同比增长98.55%；特种浆 纸销售量83.34万吨，同比增长62.25%；实现营业收入599,108.15 万元，较上年同期增 长30.14%；实现归属于上市公司股东的净利润 47,449.07 万元，较上年 ...

| 证券代码：603733 | 证券简称：仙鹤股份 | | 公告编号：2025-045 | | --- | --- | --- | --- | | 债券代码：113632 | 债券简称：鹤 21 | 转债 | | 仙鹤股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 根据中国证券监督管理委员会（以下简称"中国证监会"）《上市公司募集资金 监管规则》（中国证券监督管理委员会公告[2025]10 号）、《上海证券交易所上市公司 自律监管指引第 1 号——规范运作》等有关规定，现将仙鹤股份有限公司（以下简 称"公司"、"本公司"）2025 年半年度募集资金存放与使用情况专项说明如下： 一、募集资金基本情况 关于 2025 年半年度募集资金存放与使用情况 的专项报告 （一）实际募集资金金额、资金到账情况 本公司经中国证监会《关于核准仙鹤股份有限公司公开发行可转换公司债券的 批复》（证监许可[2021]3200号）核准，由主承销商东方证券承销保荐有限公司采用 余额包销的方式，公开发行可转换公司债券2,050万张，每张面 ...

| 证券代码：603733 | 证券简称：仙鹤股份 | | 公告编号：2025-048 | | --- | --- | --- | --- | | 债券代码：113632 | 债券简称：鹤 | 21 转债 | | 仙鹤股份有限公司 关于项目投资进展情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 仙鹤股份有限公司（以下简称"公司"）为国内大型高性能纸基功能材料研发和 生产企业，主营业务为研发、生产和销售高性能纸基功能材料及其浆类原材料和化学 原材料。公司致力于打造全球领先的植物基及复合新材料生产研发中心，并在产业链 上下游积极布局，分别在广西来宾、湖北石首、四川合江规划建设生产研发基地。现 将公司投资项目的进展情况公告如下： 一、对外投资概述 （一）公司广西三江口新区高性能纸基新材料项目 2020 年 9 月 16 日，公司与来宾市人民政府签订《来宾市三江口高性能纸基新材 料产业园项目投资框架协议》，就公司在来宾市三江口港产城新区兴宾片区投资建设 "年产 250 万吨高性能纸基新材料及纤维制备项目"达成框架性约 ...

仙鹤股份公告，2025年上半年营业收入59.91亿元，同比增长30.14%。净利润4.74亿元，同比下降 13.80%。 ...

Report Industry Investment Rating - Not provided in the given content Core Viewpoints of the Report - The listing of offset printing paper futures and options on September 10, 2025, will fill the gap in domestic cultural paper financial derivatives, providing tools for price risk management in the cultural paper industry chain, and promoting the sustainable development of the industry [4][5]. - The new products will help form a fair market price, improve spot pricing efficiency, and guide enterprises to optimize production plans, matching their risk - control needs and hedging goals [5]. - They will also contribute to the green development of the paper - making industry and enhance China's international pricing influence in the global cultural paper industry [147]. Summary by Directory 1. Product Introduction - Offset printing paper is typically made from bleached wood pulp, with characteristics such as low stretch, uniform ink absorption, good smoothness, and high water resistance. Most of it is double - sided offset printing paper (double - gum paper), accounting for over half of the domestic consumption of uncoated printing and writing paper and about 40% of domestic cultural paper consumption [10][11]. - Its production process includes a stock preparation stage and a paper - making stage. After a series of treatments and processes, the pulp is made into paper rolls or flat paper and then packaged [12]. - It is widely used in books, periodicals, commercial prints, and office supplies. Based on quantitative and brightness, it can be classified into different types [13][16]. - It has weak substitutability with writing paper, lightweight paper, and electrostatic copy paper due to differences in raw materials, performance, and demand scenarios, but strong substitutability with copperplate paper and lightly coated paper because of similar production processes, raw materials, and overlapping demand scenarios [17][18][21]. 2. Industry Chain Overview - **Upstream**: It highly depends on imported wood pulp, with a domestic self - sufficiency rate of less than 40%, and is significantly affected by international pulp futures, exchange rates, and shipping costs. The equipment technology has a high threshold, with key equipment relying on imports [28]. - **Midstream**: It is capital - and technology - intensive, with high investment thresholds. Production is regionally concentrated in East, South, and Central China, bringing cluster and logistics advantages. Future competition will focus on green and high - end products, and the production process has strict technical requirements and high environmental protection costs [31][33][34]. - **Downstream**: Demand is clearly differentiated among high - end, mid - end, and low - end markets. It has strong seasonal fluctuations, with peaks during the textbook printing season (Q2 - Q3) and commercial promotion season (Q4). The low - end market faces pressure from digital substitution [37][39]. 3. Supply and Demand Conditions - **Price Influencing Factors - Raw Material Costs**: Pulp price fluctuations, affected by international pulp prices, domestic pulp mill capacity, and Shanghai Futures Exchange pulp futures prices, directly impact the production cost of offset printing paper [42][43]. - **Price Influencing Factors - Production Capacity and Output**: In 2025, several companies have new production capacity plans. Over the past decade, the domestic output of double - gum paper has generally increased, with significant growth starting in 2021. China is the world's largest producer of double - gum paper, and production capacity is concentrated in East, South, and Central China [46][47][58]. - **Price Influencing Factors - Inventory**: In recent years, the inventory of double - gum paper producers has generally increased. In 2021, imports impacted the domestic market, and in 2024, over - supply led to a significant increase in inventory [60][61]. - **Price Influencing Factors - Imports and Exports**: From 2017 - 2024, China's double - gum paper trade was generally a net exporter, but there was a reversal in 2020 - 2021. The main import sources are Indonesia, Japan, and Russia, and exports cover over 170 countries and regions [63][67]. - **Price Influencing Factors - Demand**: Double - gum paper demand comes from various fields, with textbook demand being the most stable, having strong seasonality. China's double - gum paper consumption shows a slow and unstable growth trend, and the long - term demand may be affected by无纸化办公 and a declining birth rate [68][69][74]. 4. Spot Market Price - From 2020 to 2024, the domestic double - gum paper market experienced two significant price fluctuation cycles. The price was affected by factors such as demand changes, raw material costs, policies, and market supply - demand relationships. Currently, the price is in a low - level oscillation, and the industry has a strong demand for hedging tools [87]. 5. Futures and Options Introduction - **Futures Contract**: The trading unit is 40 tons per lot, with a minimum price change of 2 yuan/ton, a daily price limit of ±4%, and a trading time from 9:00 - 11:30 and 13:30 - 15:00. The delivery grade is double - gum paper with specific quantitative values, and the delivery method is physical delivery [91]. - **Options Contract**: The underlying is the offset printing paper futures contract. It includes call and put options, with a trading unit of 1 lot of the futures contract. The exercise style is American, and the trading time is similar to that of the futures contract [92]. - **Other Trading Matters**: The futures will be listed on September 10, 2025, with specific trading times, listed contracts, and trading rules. The options will be listed on the same day at 21:00, also with corresponding trading regulations [94][103]. 6. Delivery - Related Regulations and Processes - **Fees and Standards**: Delivery fees, warehouse and factory storage rents, and in - and out - of - warehouse fees are specified, with some fees waived until December 31, 2025, for non - high - frequency traders [122]. - **Deliverable Goods and Enterprises**: Deliverable offset printing paper must be a certified brand on the Shanghai Futures Exchange, and specific enterprise information is provided [124]. - **Delivery Warehouses and Premiums**: Delivery warehouses are planned to be set up in major consumption and logistics areas, and delivery premiums are determined by the exchange [125]. - **Inspection Institutions**: Designated inspection institutions are to be announced by the exchange [126]. - **Delivery Methods**: They include futures - to - spot, warehouse delivery, and factory delivery, with specific regulations for each method, such as inspection requirements, quality dispute handling, and delivery time limits [134][143].