格隆汇2月3日丨恒丰纸业(600356.SH)公布，为提高公司在烟草领域的竞争能力，加快推进多元化产品 的战略布局，根据公司战略规划，公司拟投资34948.81万元，新建绿色印刷项目，生产80万箱烟标，本 次投资有利于公司拓展烟用以外产品，消除对单一品种的依赖，增强企业竞争力和抗风险能力，促进公 司长期、稳健、可持续发展。 本项目预计建设期为20个月，即2026年4月—2027年12月。新建烟标生产车间一座，单层框架结构，建 筑面积20917.40平方米；成品库房一座，一层框架结构，建筑面积8064平方米；库房一座，一层框架结 构，建筑面积242.44平方米；门卫房一座，一层框架结构，建筑面积32平方米；以及配套场区工程。购 置安装整套烟标印刷生产线，设计年生产能力80万箱烟标。 ...

股票代码：600356 股票简称：恒丰纸业 编号：2026-005 牡丹江恒丰纸业股份有限公司 十一届董事会第十七次会议决议暨 关于新建绿色印刷项目的公告 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。 投资标的名称：绿色印刷项目 投资金额：项目总投资为 34948.81 万元。 特别风险提示： 1、企业的发展与政府监管、产业政策变动息息相关，相关政策变化将对企 业经营产生一定的影响，从而增加公司未来项目的不确定性。 2、公司项目可能受到行业发展趋势、市场供需变化、竞争环境加剧等因素 影响，导致产品盈利预测未达预期。 3、公司项目建设尚需环评、能评、建设工程规划许可、建筑工程施工许可 等审批，有可能影响项目实施的进度，项目实施过程中，有可能存在供应商不能 及时按照合同交付设备影响项目延后风险。 4、公司项目具有技术水平较高、生产工艺复杂、环保要求高的特点，有可 能存在产品效果、质量未达预期等风险。 重要内容提示： 一、项目投资概述 （一）项目概述 为提高牡丹江恒丰纸业股份有限公司（以下简称"公司"）在烟草领域的竞 争能力 ...

智通财经APP讯，恒丰纸业(600356.SH)发布公告，为提高公司在烟草领域的竞争能力，加快推进多元 化产品的战略布局，根据公司战略规划，公司拟投资3.49亿元，新建绿色印刷项目，生产80万箱烟标， 本次投资有利于公司拓展烟用以外产品，消除对单一品种的依赖，增强企业竞争力和抗风险能力，促进 公司长期、稳健、可持续发展。 ...

恒丰纸业公告称，为提高烟草领域竞争力，推进多元化战略布局，公司拟投资34948.81万元新建绿色印 刷项目，生产80万箱烟标。该项目位于公司现有厂区西侧，预计建设期20个月（2026年4月-2027年12 月）。项目尚需能评、环评等审批。公司面临政策、市场、实施、技术等风险，将采取相应措施应对。 此项目获董事会全票通过，无需提交股东会审议。 ...

证券研究报告·黑龙江省资本市场跟踪报告 2026 年 2 月 3 日 江海证券研究发展部 执业证书编号：S1410524040001 机械军工行业研究组 黑龙江省资本市场跟踪双周报 — — 分析师：张诗瑶 （2026.1.18-2026.1.31） 投资要点： 江海证券有限公司及其关联机构在法律许可的情况下可能与本报告所分析的企业存在业务关系，并且继续寻求发展这些关系。因此，投资者应当考虑到本公司可能存在影响本报告客观性的 利益冲突，不应视本报告为投资决策的唯一因素。 敬请参阅最后一页之免责条款 黑龙江省资本市场跟踪报告 1. 江海证券-黑龙江省资本市场跟踪-黑龙 江省资本市场跟踪双周报— （2025.12.21-2026.1.3)–2026.01.05 2. 江海证券-黑龙江省资本市场跟踪-黑龙 江省资本市场跟踪双周报— （2025.12.7-2025.12.20)–2025.12.22 3. 江海证券-黑龙江省资本市场跟踪-黑龙 江省资本市场跟踪双周报— （2025.11.23-2025.12.6)–2025.12.08 4. 江海证券-黑龙江省资本市场跟踪-黑龙 江省资本市场跟踪双周报— （2025.1 ...

Market Overview - The paper sector experienced a decline of 4.18% on February 2, with Huatai Co. leading the drop [1] - The Shanghai Composite Index closed at 4015.75, down 2.48%, while the Shenzhen Component Index closed at 13824.35, down 2.69% [1] Individual Stock Performance - Huatai Co. (600308) closed at 3.90, down 7.36% with a trading volume of 516,000 shares and a turnover of 206 million yuan [1] - Sun Paper (002078) closed at 15.69, down 6.72% with a trading volume of 406,700 shares and a turnover of 652 million yuan [1] - Xianhe Co. (603733) closed at 23.28, down 5.17% with a trading volume of 77,600 shares and a turnover of 185 million yuan [1] - Wuzhou Special Paper (605007) closed at 13.40, down 5.10% with a trading volume of 104,400 shares and a turnover of 144 million yuan [1] - Hengfeng Paper (600356) closed at 9.36, down 4.97% with a trading volume of 172,800 shares and a turnover of 164 million yuan [1] Capital Flow Analysis - The paper sector saw a net outflow of 149 million yuan from institutional investors, while retail investors had a net inflow of 130 million yuan [1] - The table indicates that institutional investors had varying levels of net inflow and outflow across different stocks, with Sun Paper showing a net inflow of 32.24 million yuan from retail investors [2] - Xianhe Co. had a significant net inflow of 26.34 million yuan from institutional investors, while other stocks like Yuyuan Lin Paper (600963) experienced substantial net outflows [2]

Core Viewpoint - Securities firms have given "buy" ratings to over 10 A-share listed companies on February 2, focusing on industries such as gaming, engineering machinery, agriculture, communication equipment, consulting services, logistics, beauty care, and paper printing [1] Group 1: Company Ratings and Forecasts - Perfect World received significant attention from brokers, with four reports in the past month, including two on February 2, ranking first among recommended stocks. China Galaxy's report predicts a turnaround in profits with a focus on the game "Yihuan" expected to launch in 2026, estimating net profits of 736 million, 1.53 billion, and 1.7 billion yuan for 2025-2027, with corresponding P/E ratios of 50x, 24x, and 21x [3] - LiuGong also garnered attention, ranking second among recommended stocks with three reports in the past month. A report from Zhongyou Securities forecasts revenues of 33.74 billion, 37.21 billion, and 40.60 billion yuan for 2025-2027, with year-on-year growth rates of 12.22%, 10.28%, and 9.12%, and net profits of 1.59 billion, 1.98 billion, and 2.43 billion yuan, with growth rates of 20.01%, 24.63%, and 22.22% [3] - Wanchen Group ranked third, with two reports in the past month. China Galaxy's report estimates revenues of 51.4 billion, 64.1 billion, and 73 billion yuan for 2025-2027, with year-on-year growth rates of 59%, 25%, and 14%, and net profits of 1.3 billion, 2.1 billion, and 2.6 billion yuan, with growth rates of 346%, 63%, and 21% [4] Group 2: Other Notable Companies - Other companies receiving attention from brokers include Fujida, Huatu Shanding, Zhonggu Logistics, Huaxi Biotechnology, Zhongji Xuchuang, Xinyi Sheng, and Hengfeng Paper, indicating a broad interest across various sectors [4]

Group 1 - Hengfeng Paper Industry's stock price dropped by 5.08% to 9.35 CNY per share, with a trading volume of 1.57 billion CNY and a turnover rate of 5.56%, resulting in a total market capitalization of 27.93 billion CNY [1] - The company, established on March 6, 1994, and listed on April 19, 2001, specializes in the production and sale of specialty papers, including cigarette paper, filter rod paper, and aluminum foil lining paper [1] - The revenue composition of Hengfeng Paper Industry includes 65.48% from tobacco industrial paper, 15.50% from other paper types, 11.75% from mechanical gloss paper, 6.08% from thin printing paper, and 1.19% from other sources [1] Group 2 - The top circulating shareholder of Hengfeng Paper Industry includes a fund from China International Fund Management, specifically the China International State-Owned Enterprise Reform Flexible Allocation Mixed A Fund (519756), which entered the top ten circulating shareholders in the third quarter with 5.6999 million shares, accounting for 1.91% of circulating shares [2] - The estimated floating loss for this fund today is approximately 2.85 million CNY [2] - The China International State-Owned Enterprise Reform Flexible Allocation Mixed A Fund was established on June 10, 2015, with a current scale of 1.571 billion CNY, yielding 8.21% this year, ranking 2526 out of 9000 in its category, and 27.57% over the past year, ranking 4520 out of 8193 [2]

Core Viewpoint - The paper sector in the A-share market has seen significant gains, with multiple companies experiencing notable increases in stock prices, indicating a positive trend in the industry [1]. Group 1: Stock Performance - Songyang Resources (603863) reached a limit-up of 10.00%, with a total market value of 4.412 billion and a year-to-date increase of 8.07% [2]. - Yueyang Forest Paper (600963) increased by 9.28%, with a market capitalization of 10.1 billion and a year-to-date rise of 23.55% [2]. - Mindada (920394) rose by 6.82%, with a market value of 8.683 billion and a year-to-date increase of 45.09% [2]. - Hengfeng Paper (600356) saw a gain of 4.73%, with a market capitalization of 2.847 billion and a year-to-date increase of 8.54% [2]. - Hengda New Materials (301469) increased by 4.65%, with a market value of 2.958 billion and a year-to-date rise of 8.86% [2]. - Bohui Paper (600966) rose by 4.21%, with a market capitalization of 9.919 billion and a year-to-date increase of 8.64% [2]. - Wuzhou Special Paper (605007) increased by 2.68%, with a market value of 6.755 billion and a year-to-date rise of 5.11% [2]. - Qingshan Paper (600103) saw a gain of 2.40%, with a market capitalization of 8.605 billion, but a year-to-date decline of 8.35% [2]. - Kane Co. (002012) increased by 2.23%, with a market value of 2.997 billion, and a year-to-date decline of 0.62% [2].

Group 1 - The A-share market saw a significant rise in the paper industry sector on January 30, with notable stocks such as Songyang Resources hitting the daily limit, and Yueyang Forest Paper approaching the limit as well [1] - Other companies in the sector also experienced gains, including Minshida rising nearly 7%, and Hengfeng Paper, Hengda New Materials, and Bohui Paper all increasing by over 4% [1] Group 2 - Specific stock performance includes: - Songyang Resources (code: 603863) increased by 10.00%, with a total market value of 4.412 billion [2] - Yueyang Forest Paper (code: 600963) rose by 9.28%, with a market value of 10.1 billion [2] - Minshida (code: 920394) saw a rise of 6.82%, with a market value of 8.683 billion [2] - Hengfeng Paper (code: 600356) increased by 4.73%, with a market value of 2.847 billion [2] - Hengda New Materials (code: 301469) rose by 4.65%, with a market value of 2.958 billion [2] - Bohui Paper (code: 600966) increased by 4.21%, with a market value of 9.919 billion [2] - Other companies like Wuzhou Special Paper and Qingshan Paper also saw gains of over 2% [1]