证券之星消息，截至2026年1月22日收盘，山鹰国际(600567)报收于1.68元，上涨1.2%，换手率1.62%， 成交量102.37万手，成交额1.72亿元。 1月22日的资金流向数据方面，主力资金净流入1124.26万元，占总成交额6.55%，游资资金净流出 608.56万元，占总成交额3.55%，散户资金净流出515.7万元，占总成交额3.01%。 近5日资金流向一览见下表： 山鹰国际2025年三季报显示，前三季度公司主营收入211.33亿元，同比下降2.17%；归母净利润-2.9亿 元，同比下降522.74%；扣非净利润-4.12亿元，同比上升6.32%；其中2025年第三季度，公司单季度主 营收入72.91亿元，同比下降0.77%；单季度归母净利润-3.31亿元，同比下降636.03%；单季度扣非净利 润-3.47亿元，同比下降4.37%；负债率67.69%，投资收益3795.2万元，财务费用6.24亿元，毛利率 7.91%。山鹰国际（600567）主营业务：箱板纸、瓦楞原纸、特种纸、纸板及纸制品包装的生产和销售 以及国内外回收纤维贸易业务。 该股最近90天内共有2家机构给出评级，买入评级1家， ...

证券日报网讯1月21日，山鹰国际（600567）在互动平台回答投资者提问时表示，公司所属造纸及纸制 品行业，下游客户主要集中于食品、饮料、家电、电子等消费品及工业品领域。 ...

（文章来源：每日经济新闻） 每经AI快讯，山鹰国际（600567.SH）1月21日在投资者互动平台表示，您好，公司所属造纸及纸制品 行业，下游客户主要集中于食品、饮料、家电、电子等消费品及工业品领域。公司现有业务以内销为 主，基本不存在直接向欧盟出口产品的情况。 ...

格隆汇1月21日丨山鹰国际(600567.SH)在投资者互动平台表示，公司所属造纸及纸制品行业，下游客户 主要集中于食品、饮料、家电、电子等消费品及工业品领域。公司现有业务以内销为主，基本不存在直 接向欧盟出口产品的情况。 ...

格隆汇1月21日丨山鹰国际(600567.SH)在投资者互动平台表示，公司所属造纸及纸制品行业，下游客户 主要集中于食品、饮料、家电、电子等消费品及工业品领域。公司现有业务以内销为主，基本不存在直 接向欧盟出口产品的情况。 ...

Core Viewpoint - The recent leadership changes at Zhongshun Jierou, a major player in the paper industry, mark a significant shift as the founder's son, Deng Guanjun, takes over amid challenges in the industry and company performance [4][6][12]. Group 1: Leadership Transition - Liu Peng has resigned from his positions as chairman and president, with Deng Guanjun appointed as acting chairman [4][6]. - Deng Guanjun, the son of founder Deng Yingzhong, has been involved in the company since its inception and has held various leadership roles [8][10]. - The board will elect a new chairman by the end of January, indicating ongoing governance adjustments [6][12]. Group 2: Family Business Dynamics - The Deng family controls 49.8% of Zhongshun Jierou, with Deng Guanjun directly holding 0.29% of shares [10]. - The family remains actively involved in the company's operations, with Deng Guanjun managing key brands [10][12]. - The transition comes after a period of "de-familization" initiated by Deng Yingzhong, which aimed to modernize the company's governance [12][14]. Group 3: Industry Challenges - The paper industry faces overcapacity and fluctuating raw material prices, significantly impacting profitability [22][24]. - Zhongshun Jierou's revenue dropped from 98.01 billion yuan in 2023 to 81.51 billion yuan in 2024, with net profit declining from 9 billion yuan to 771.8 million yuan [22][24]. - Despite these challenges, there are signs of recovery, with a reported revenue increase of 8.78% in the first nine months of 2025 [22][24]. Group 4: Strategic Direction - Zhongshun Jierou is attempting to diversify its product offerings beyond paper products, venturing into personal care and household cleaning sectors [24]. - The company aims to become a "companion for a better life," although 98% of its revenue still comes from traditional paper products [24]. - The new leadership faces the dual challenge of stabilizing core operations while successfully launching new business lines [24].

Core Viewpoint - The company is undergoing a significant leadership change as Liu Peng resigns from his positions, with the founder's son, Deng Guanjun, stepping in as acting chairman, marking a potential shift back to family management after a period of professional management [2][4][10]. Group 1: Leadership Changes - Liu Peng has resigned from his roles as chairman, director, and legal representative, with Deng Guanjun appointed as the acting chairman until a new chairman is elected at the end of January [2][5]. - Deng Guanjun, aged 48, has been involved with the company since its inception and has held various positions, including president from 2015 to 2021 and vice chairman since 2011 [6][8]. - The company has seen a series of management changes, with a notable trend of high executive turnover since the implementation of a "de-familyization" strategy initiated by the founder, Deng Yingzhong [10][12]. Group 2: Company Performance and Market Position - The company has a market share of approximately 14%, ranking just behind competitors Vinda and Qingfeng [16]. - Recent financial performance has been volatile, with revenue peaking at 9.801 billion in 2023 but expected to decline to 8.151 billion in 2024 [19]. - The net profit has significantly decreased from a peak of 900 million to 77.18 million in 2024, highlighting the challenges faced by the company [20]. Group 3: Strategic Direction and Challenges - The company is attempting to diversify its product offerings beyond traditional paper products, venturing into areas such as personal care, household cleaning, and disposable products for travel [21]. - Despite these efforts, 98% of the company's revenue still comes from its core business in consumer paper products, indicating a need for successful expansion into new markets [21]. - The leadership transition occurs amid industry challenges, including rising competition and sensitivity to raw material price fluctuations, which significantly impact production costs [18].

Core Viewpoint - The recent resignation of Liu Peng from key positions at Zhongshun Jierou is interpreted as a sign of dissatisfaction with his performance, particularly regarding the company's ongoing transformation and the impact of rising raw material costs on its fluctuating performance [1][3]. Group 1: Management Changes - Liu Peng has resigned from multiple roles including President and Chairman, with the reason cited as "personal career development planning" [2][3]. - Deng Guanjiao, the son of the founder, will temporarily assume the role of Chairman until a new one is elected [2]. - Liu Peng's tenure marked a shift towards professional management, a move supported by the founder, who emphasized the necessity of modernization for the company [2]. Group 2: Financial Performance - Zhongshun Jierou set a target of achieving revenue of no less than 12.1 billion yuan and a net profit of no less than 300 million yuan by 2025, but the company reported revenue of 6.478 billion yuan and a net profit of 230 million yuan for the first three quarters of 2025 [3][4]. - The company's revenue fluctuated from 9.15 billion yuan in 2021 to 8.151 billion yuan in 2024, with net profit dropping from 900.5 million yuan in 2020 to 77 million yuan in 2024, primarily due to rising raw material costs [4][5]. Group 3: Strategic Transformation - The company has attempted to diversify from "living paper" to "lifestyle products," launching various new products, but these new categories account for less than 2% of total revenue [5]. - Following Liu Peng's departure, the company aims to continue focusing on core business and expanding its second growth curve under new leadership [6]. - The new President, Gao Bo, brings experience from various companies and is expected to enhance cost control and operational management [6]. Group 4: Market Competition - The company faces intensified competition in the paper products sector, with rivals like Hengan International and Vinda International impacting its market share and profitability [6]. - Despite challenges, there are signs of recovery in performance, with a year-on-year revenue increase of 8.78% to 6.478 billion yuan and a net profit surge of 329.59% to 230 million yuan in the first three quarters of 2025 [7].

Group 1 - The core point of the article is the management restructuring at Zhongshun Jierou, with the resignation of former chairman Liu Peng and the appointment of Yang Yuzhao as a non-independent director and Gao Bo as president, aimed at optimizing governance and advancing strategic initiatives [1] - Yang Yuzhao has been with the company since 2009 and is well-versed in its culture and strategy, while Gao Bo brings extensive experience in financial management and digital operations [1] - The latest financial report indicates that for the first three quarters of 2025, the company's revenue increased by 8.78% to 6.478 billion yuan, and net profit attributable to shareholders surged by 329.59% to 230 million yuan, with a gross margin improvement to 33.98% [1] Group 2 - The company emphasizes its commitment to advancing a model of professional managers and successors, focusing on core business and steadily expanding its second growth curve under the strategic guidance of the board and the new management team [1] - The current strategy of "cost leadership" is expected to benefit from product structure optimization and the expansion of high-end product categories [1]

Group 1 - Liu Peng has resigned from multiple positions at Zhongshun Jierou, including Chairman and Director, citing personal career development plans, but will continue to hold other roles within the company [2] - One month prior, Liu Peng also stepped down as President, with Gao Bo taking over the role [4] - Liu Peng, born in 1980, has a background in banking and has been with Zhongshun Jierou since 2021, where he received a pre-tax compensation of 5.14 million yuan in 2024 [4][6] Group 2 - During Liu Peng's tenure, Zhongshun Jierou's revenue approached 10 billion yuan, but faced challenges from industry price wars and diversification strategies [7] - Revenue figures from 2020 to 2024 were 7.82 billion, 9.15 billion, 8.57 billion, 9.80 billion, and 8.15 billion yuan, with net profits declining significantly from 906 million to 77 million yuan in 2024 [7] - In 2024, the company experienced a 16.84% decline in revenue and a 76.80% drop in net profit, attributed to intensified market competition [7] - In 2025, early signs of recovery were noted with a revenue increase of 8.78% to 6.48 billion yuan and a net profit surge of 329.59% to 230 million yuan, although there remains uncertainty about meeting the annual targets of 12.1 billion yuan in revenue and 300 million yuan in net profit [7]