证券代码：601968 证券简称：宝钢包装 公告编号：2025-027 上海宝钢包装股份有限公司 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。 上海宝钢包装股份有限公司（以下简称"公司"）第七届董事会第十七次会 议于 2025 年 8 月 27 日采用现场结合通讯形式召开，会议通知及会议文件已于 出席董事 9 名，实际出席董事 9 名。本次董事会会议经过了适当的通知程序，会 议召开及会议程序符合有关法律、法规及《上海宝钢包装股份有限公司章程》的 规定，会议及通过的决议合法有效。 经各位与会董事讨论，审议并形成了以下决议： 一、会议以 9 票同意、0 票反对、0 票弃权的表决结果，审议通过了《关于 上述议案已经公司董事会审计与合规管理委员会审议通过。董事会审计与合 规管理委员会认为：公司 2025 年半年度报告的编制和审议程序符合法律法规、 规范性文件、《公司章程》和公司内部管理制度的各项规定。公司 2025 年半年 度报告的内容和格式符合中国证监会和上海证券交易所的各项规定，所包含的信 息能够从各个方面真实、全面地反映公司本 ...

2025年4月7日，美国商务部对进口自中国的聚丙烯瓦楞箱发起反倾销和反补贴调查、对进口自越南的聚 丙烯瓦楞箱发起反倾销调查。 据中国贸易救济信息网，8月26日，美国商务部宣布对进口自中国的聚丙烯瓦楞箱作出反倾销初裁，初 步裁定中国全国统一税率为83.64%（抵消补贴后的保证金调整为73.10%）。除另行延期外，反倾销终 裁预计将于2025年11月12日与反补贴终裁合并作出。 责任编辑：赵思远 新浪合作大平台期货开户 安全快捷有保障 ...

格隆汇8月22日丨合丰集团(02320.HK)公告，截至2025年6月30日止6个月，收益6910万港元，同比减幅 达35.9%，源于客户订单减少及竞争激烈。销售成本的下降由于公司减少了箱板纸采购。2025年上半年 录得期间亏损3840万港元，而2024年上半年录得期间亏损4370万港元。董事不建议派付截至2025年6月 30日止6个月中期股息(截至2024年6月30日止6个月：无)。 目前，集团持续与地方政府协调办理燃煤锅炉许可证年检手续。同时，集团正在按地方政府的环保政策 与地方政府进行协调燃煤锅炉改燃气锅炉项目及预期在完成相关协调后恢复生产。为确保集团下游瓦楞 包装业务的稳定供应，集团向第三方供应商采购箱板纸。由2022年开始无上游业务的对外收入。 于2025年上半年，由于客户订单的减少，集团的收入下跌了35.9%。环球经济的不景气及市场的激烈的 竞争令瓦楞包装行业面临较大压力。自2021年10月起，集团上游箱板纸业务暂时停产。 ...

（记者 王晓波） 截至发稿，永创智能市值为53亿元。 每经头条（nbdtoutiao）——连胜之后匹配"猪队友"，连败之后则"摆烂"都能赢？中国游戏算法第一案 开庭，资深玩家与《王者荣耀》对簿公堂 每经AI快讯，永创智能（SH 603901，收盘价：10.81元）8月15日晚间发布公告称，公司第五届第二十 五次董事会会议于2025年8月15日采用现场结合通讯方式召开。会议审议了《关于取消监事会并修订 < 公司章程> 的议案》等文件。 2024年1至12月份，永创智能的营业收入构成为：包装行业占比99.04%，其他业务占比0.96%。 ...

2024年1至12月份，新通联的营业收入构成为：包装行业占比99.48%，其他行业占比0.52%。 （文章来源：每日经济新闻） 新通联（SH 603022，收盘价：10.31元）8月15日晚间发布公告称，公司第五届第二次董事会会议于 2025年8月15日在公司会议室现场召开。会议审议了《公司2025半年度报告及摘要》等文件。 ...

Financial Data and Key Metrics Changes - The company achieved a record second quarter performance with a 13% increase in sales volume, 10% growth in net sales, and 20% growth in net income year over year [4][10] - Net sales for the second quarter were $124 million, up 10.1% from $112.6 million in the prior year quarter, driven by a 13% volume growth [10] - Net income increased by 19.8% to $11.1 million from $9.2 million in the prior year quarter, with a net income margin of 8.9% compared to 8.2% a year ago [14] Business Line Data and Key Metrics Changes - Sales to chain accounts and distributors increased by 11.4%, while online sales rose by 6.8% [10] - Retail channel sales turned positive with a 1.9% increase [10] - The company improved operating cost leverage, saving $1 million in online shipping and marketing costs [9] Market Data and Key Metrics Changes - The company is diversifying its sourcing, reducing reliance on China to just 10% in the second quarter, and expanding sourcing across other Asian countries and Latin America [5] - Strong business trends are expected to continue, particularly in California, with new business wins from large national chains scheduled to begin shipping in the third and fourth quarters [6] Company Strategy and Development Direction - The company is focused on accelerating top-line growth and profitability through product innovation and strategic expansion [8] - A new distribution center near the Chino headquarters is now fully operational, enhancing logistic capabilities and enabling faster delivery times [6] - The company is maintaining its full-year 2025 guidance for net sales, gross margin, and adjusted EBITDA margin, pending potential impacts from additional tariff changes [16] Management's Comments on Operating Environment and Future Outlook - Management noted that currency pressure is starting to ease and that the company is well-positioned for continued profitable growth [5][9] - The company expects net sales for the third quarter to increase by approximately 9% to 10% over the prior year quarter [16] - Management anticipates a sequential decline in gross margin for the third quarter due to tariffs, with recovery expected in the fourth quarter [22][25] Other Important Information - The company generated operating cash flow of $9.8 million in the second quarter and ended with $116.8 million in working capital [15] - A quarterly dividend of $0.45 per share was approved, payable on August 27, 2025 [16] Q&A Session Summary Question: Why was pricing negative in the quarter, and what should be expected for the second half? - Management indicated that they are currently holding on to pricing with minor increases in certain categories, and they expect pricing to be close to breakeven in the second half [20][21] Question: What are the factors contributing to the sequential decline in gross margin? - Management explained that the impact of new sourcing will be felt in the fourth quarter, while the third quarter will still reflect higher tariff costs from the second quarter [22][24] Question: What trends are being observed in July, particularly regarding customer buying behavior ahead of August tariffs? - Management reported strong sales trends in July, especially from national chain accounts, with double-digit sales increases in California [27] Question: What is the outlook for online sales growth in the second half of the year? - Management believes online sales will continue to grow, with expectations of returning to double-digit growth in the fourth quarter due to new platforms being added [35][37] Question: What is the company's stance on M&A activity? - Management stated they are still looking at M&A opportunities, focusing on strategic acquisitions that enhance product lines or market share [38][40]

Core Insights - The article discusses the evolving consumer attitudes towards packaging, particularly in the context of sustainability, price sensitivity, and quality, influenced by recent global events such as the pandemic and inflation [1][2][3]. Group 1: Consumer Preferences - Price and quality remain the primary factors influencing consumer purchasing decisions, with price sensitivity increasing compared to previous years [2][9]. - Food safety and shelf life are the most critical packaging characteristics for consumers, while the importance of environmental impact has decreased [2][12]. - A significant portion of consumers (39%) still considers environmental impact important, but this varies by product category and region [9][13]. Group 2: Sustainability Insights - Consumers view recyclability as the most crucial feature of sustainable packaging, with a consensus on the importance of circularity-related characteristics [18][22]. - There is a lack of uniformity in perceptions of the most sustainable packaging materials across different regions, with glass and paper consistently ranking high, but notable differences exist, such as PET bottles being viewed as sustainable in areas with robust recycling systems [14][15][18]. - Despite the declining ranking of environmental factors, many consumers are willing to pay a premium for sustainable packaging, particularly younger and higher-income demographics [3][26]. Group 3: Market Dynamics - The pandemic initially shifted focus towards hygiene and safety, impacting consumer preferences for packaging [5][12]. - The willingness to pay for sustainable packaging varies significantly by region and demographic factors, with younger consumers and high-income groups showing the highest willingness [26][29]. - Companies must adapt to these changing consumer preferences and expectations, recognizing that the responsibility for sustainable packaging lies primarily with manufacturers and brands [3][26][31]. Group 4: Strategic Considerations - Companies are encouraged to explore three key questions to refine their sustainable packaging strategies: how to accelerate the market introduction of sustainable solutions, how to reduce the total cost of ownership for new sustainable packaging innovations, and how to find suitable partners in the value chain [32][33].

Group 1: Company Overview - Jinfu Technology Co., Ltd. has seen its overseas business exceed 5% of total revenue in 2024, with plans for further international expansion through trade shows and online sales platforms [2] - The company’s subsidiary, Hunan Jinfu, focuses on packaging for bottled drinking water and functional beverages, with a new production base launched in early 2025 [2] Group 2: Production Capacity and Product Diversification - The company has successfully launched several new production bases, with current capacity utilization and output on the rise [3] - Jinfu Technology aims to diversify its product offerings by enhancing existing products and developing new categories, including caps for beverages and food packaging, as well as products for personal care and healthcare sectors [3] Group 3: Future Growth and Market Expansion - The company plans to increase sales of existing product lines while actively pursuing new products such as pull-tab caps and seasoning caps, expanding its market presence [3] - Following the acquisition of Xiangzhao Technology, Jinfu Technology has enhanced its product quality and achieved significant international sales, with overseas revenue accounting for over 5% in 2024 [3] - The company is committed to further expanding its overseas market presence and increasing investment in international business development [3]

Group 1: Company Overview and Product Development - The company has expanded its product categories by acquiring Xiangzhao Technology and developing new products such as pull-tab caps and condiment caps, enhancing its competitiveness [2] - The overseas sales revenue reached over 5% of total revenue in 2024, indicating successful international market penetration [2] - A new production base for metal caps in Guilin, Guangxi, was established and commenced operations in 2024 to support the growth of the pull-tab cap business [2] Group 2: Market Expansion and Future Plans - The company plans to increase its overseas market presence through participation in international exhibitions and enhancing online sales platforms [3] - Future product development will focus on diversifying into packaging for personal care, medical, and health products, in addition to beverage and food packaging [3] - The company is strategically reserving space in new production facilities for future product category expansions [3] Group 3: Production Capacity and Utilization - The new production bases are operational and performing well, with capacity utilization and production volume currently on an upward trend [3]

Core Viewpoint - The company HaiShun New Materials is planning to acquire 100% equity of Guangdong Zhengyi Packaging Co., Ltd. for an initial transaction price of 94.87 million yuan, aiming to enhance its competitive edge and market share in the packaging industry [1][2]. Group 1: Acquisition Details - The acquisition involves Zhengyi Packaging, established in 1998, which specializes in the research, production, and sales of packaging films with applications in food, beverages, pharmaceuticals, and cosmetics [1]. - Zhengyi Packaging has production lines for aluminum oxide films, vacuum aluminum films, and coated films, with an annual production capacity exceeding 20,000 tons [1]. - As of the end of 2024, Zhengyi Packaging's total assets are reported at 80.63 million yuan, net assets at 46.84 million yuan, with projected revenue of 112 million yuan and net profit of 10.13 million yuan for the same year [1]. Group 2: Strategic Importance - The acquisition is seen as a strategic move to integrate resources and enhance the company's overall competitiveness and market presence [2]. - Post-acquisition, Zhengyi Packaging will become a wholly-owned subsidiary, allowing for synergy in products, technology, and market areas [2]. - The company plans to establish a technology-sharing mechanism and strengthen its technological barriers through patent licensing and cooperation [2]. Group 3: Financial Performance - In 2024, the company reported a revenue of 1.143 billion yuan, a year-on-year increase of 11.92%, while net profit decreased by 12.70% to 74.59 million yuan [3]. - For the first quarter of 2025, revenue reached 286 million yuan, up 10.46% year-on-year, but net profit fell by 24.99% to 17.27 million yuan [3]. Group 4: Product Development and Market Trends - The company has established a high-performance medical film division focusing on products like ostomy pouch films and high-end infusion films, and an electronic materials division targeting UV adhesive tapes and PI high-temperature adhesive tapes [3]. - The company is also focusing on solid-state batteries, with aluminum-plastic films identified as the most suitable packaging material, anticipating significant market growth as the industry matures [4]. - The company is currently working on client certifications and has improved its thermal process technology for aluminum-plastic films, expecting substantial sales growth in 2024 [4].