Core Viewpoint - The company is implementing a buyback and cancellation of restricted stock due to various reasons including employee turnover and unmet performance criteria [2][4][14] Group 1: Buyback and Cancellation Reasons - The company decided to repurchase and cancel a total of 50,400 restricted shares due to 4 employees' transitions and departures [2] - A subsequent decision was made to repurchase and cancel 27,450 restricted shares due to 8 employees' transitions and departures [3] - The final decision involved repurchasing and canceling 7,405,500 restricted shares due to 215 employees not meeting performance criteria [4] Group 2: Financial Details - The adjusted buyback price for the restricted shares is set at 2.19657 CNY per share, accounting for dividends from previous years [6] - The actual buyback prices for the shares of employees transitioning to the controlling shareholder's other companies were determined to be 2.21335 CNY and 2.21479 CNY per share [7] Group 3: Share Structure and Completion - The total number of restricted shares involved in the buyback and cancellation is 8,184,000, leaving no remaining restricted stock options [9] - The company plans to complete the cancellation of these restricted shares by May 12, 2025, and will proceed with the necessary registration changes [11] Group 4: Legal Compliance and Assurance - The company has confirmed that the decision-making process and information disclosure comply with relevant laws and regulations [12] - The company has assured that all involved parties have been informed and have not raised objections regarding the buyback and cancellation [12][14]

证券代码：002511 证券简称：中顺洁柔 中顺洁柔纸业股份有限公司 2024年度业绩说明会投资者活动记录表 编号：20250507 | 投资者关系活动类别 | ☐特定对象调研 ☐分析师会议 | | --- | --- | | | ☐媒体采访 业绩说明会 | | | ☐新闻发布会 ☐路演活动 | | | ☐现场参观 | | | ☐其他（请文字说明其他活动内容） | | 参与单位名称及人员姓 名 | 中顺洁柔2024年度业绩说明会采用网络远程方式进行，面向 全体投资者 | | 时间 | 2025年5月7日 15:00-17:00 | | 地点 | 深圳证券交易所"互动易平台"http://irm.cninfo.com.cn"云访 谈"栏目 | | 上市公司接待人员姓名 | 董事长、总裁：刘鹏先生 | | | 董事会秘书、副总裁：梁戈宇先生 | | | 财务总监：高波先生 | | | 独立董事：徐井宏先生 | | 投资者关系活动主要内 容介绍 | 1.高管您好，请问您如何看待行业未来的发展前景？谢 谢。 | | | 答：尊敬的投资者，您好！感谢您对公司的关注和支 | | | 持。根据中国造纸协会统计，近年来中国 ...

2025 年 05 月 07 日 胶版印刷纸：震荡偏弱 高琳琳 投资咨询从业资格号：Z0002332 gaolinlin@gtht.com 【基本面跟踪】 表 1：基本面数据(元/吨) | 市 场 | 区 域 | 纸 种 | 2025/5/6 | 2025/4/30 | 环 比 0 | | --- | --- | --- | --- | --- | --- | | 现货市场 | 山东市场 | 70g天 阳 | 5050 | 5050 | | | | | 70g晨鸣云镜 | 5300 | 5300 | 0 | | | | 70g华夏太阳 | 5400 | 5400 | 0 | | | 广东市场 | 70g天 阳 | 4950 | 4950 | 0 | | | | 70g晨鸣云豹 | 5100 | 5100 | 0 | | | | 70g华夏太阳 | 5150 | 5150 | 0 | | | 税 前 | 含税收入 | 5281 | 5281 | 0 | | | | 含税成本 | 5079 | 5124 | -45 | | 成本利润 | | 税前毛利 | 203 | 158 | 45 | | | 税 后 | 不含 ...

Core Viewpoint - The company has successfully completed the construction and commissioning of a 700,000-ton chemical pulp production line, which is expected to enhance its product scale, cost, and quality advantages, thereby improving competitiveness and supporting high-quality development [1][2]. Group 1 - The company held board meetings on October 29, 2022, and November 15, 2022, to approve the feasibility analysis report for the public issuance of convertible bonds to fund the 700,000-ton chemical pulp project [1]. - The project utilizes advanced technology from Valmet, including a dual-tower steam/liquor phase continuous cooking process and ECF bleaching technology, along with a high-efficiency alkali recovery system [2]. - The project aims to ensure raw material supply and enhance the company's product competitiveness, contributing positively to its high-quality development [2]. Group 2 - The production line has been completed and successfully commissioned, with further optimization of process parameters planned based on equipment performance [1][2]. - The project will take time to reach full production capacity, and potential risks include market demand fluctuations and increased competition, which may affect expected project benefits [2].

Core Viewpoint - Huatai Co., Ltd. has completed the construction of its 700,000-ton chemical wood pulp project, achieving successful commissioning and debugging of the production line, which will enhance the company's production capacity and competitiveness [1] Group 1: Project Completion and Technology - The production line for the 700,000-ton chemical wood pulp project has been fully constructed and is operational [1] - The project utilizes advanced technology from Finland's Valmet, including a dual-tower steam/liquor phase continuous cooking process and elemental chlorine-free (ECF) bleaching technology [1] - The project also incorporates a high-temperature, high-pressure efficient alkali recovery system [1] Group 2: Impact on Company Operations - The completion of the project is expected to improve the scale, cost, and quality advantages of the company's pulp products [1] - It will facilitate the recycling of finished products and further extend upstream product offerings [1] - The project is anticipated to enhance raw material supply and increase the company's product competitiveness, positively impacting its high-quality development [1]

Financial Performance Summary - In 2024, the company achieved operating revenue of 727.77 million, a year-on-year increase of 9.23% compared to 2023 [1][2] - The net profit attributable to shareholders was -23.56 million, slightly improved from -23.69 million in the previous year [1][2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -22.32 million, compared to -23.60 million in the previous year [1][2] - The net cash flow from operating activities was 8.58 million, a significant improvement from -28.57 million in the previous year [1][2] Q1 2025 Performance - For the first quarter of 2025, the company reported operating revenue of 102.46 million, a decline of 28.28% year-on-year [2][3] - The net profit attributable to shareholders was -18.01 million, an improvement from -22.49 million in the same period last year [2][3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -18.19 million, compared to -23.19 million in the previous year [2][3] - The net cash flow from operating activities was -40.36 million, worsening from -29.38 million in the same period last year [2][3] Historical Performance - In 2022, the company achieved operating revenue of 928.09 million, a year-on-year increase of 55.44% [3] - The net profit attributable to shareholders was -27.72 million, compared to a profit of 0.89 million in the previous year [3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -28.00 million, compared to a profit of 0.83 million in the previous year [3] Company Background - The company was listed on the Shanghai Stock Exchange on June 21, 2019, with an issuance price of 9.95 per share and a total issuance of 51.47 million shares [4] - The total amount raised from the initial public offering was 512.17 million, with a net amount of 456.21 million after deducting issuance costs [5] - The raised funds were intended for an annual production project of 180,000 tons of environmentally friendly recycled paper and the construction of a research and development center [5]

登录新浪财经APP 搜索【信披】查看更多考评等级 在包装业务板块，公司以开放包容的态度，全面拥抱工业具身智能发展新方向，有意愿向产业高新技术 公司提供包装仓储物流方面丰富的业务场景和行业数据积累，共同探索工业具身智能在包装产业落地的 可行性，为客户提供"安全·可靠·柔性·智能"的全方位无人化的仓储物流解决方案。公司致力于持续探索 技术创新与产业升级的可能性，逐步实现从"制造"到"智造"的跨越式发展，更加出色地应对复杂的工作 任务，提升行业核心竞争力。 2、坚持绿色低碳可持续发展道路 在国家"双碳"战略指引下，公司将社会责任融入核心战略，聚焦绿色低碳与可持续发展。推进碳管理体 系认证（EATNS），主动加入科学碳目标倡议（SBTi），设定2020-2030年减碳目标。围绕再生资源循 环利用，绿色能源综合开发，以纸代塑低碳产品的研发，构建全生命周期降碳体系，实现产业绿色转 型。通过碳减排行动和碳交易实现碳资产增值，实现可持续发展。 （三）适时开展股份回购及现金分红，丰富投资者回报形式 1、强化分红管理，增强投资者回报水平 公司高度重视利润分配政策，实施积极稳定的股东回报规划和利润分配政策。在具备利润分配的条件 下 ...

Core Viewpoint - The company reported a net profit attributable to shareholders of -128.43 million yuan for 2024, leading to a decision not to distribute profits or increase capital reserves for the year [4][52]. Company Overview - The company operates in the paper and cellulose acetate industries, producing food packaging paper, household paper, and cellulose acetate [5][7]. - In 2024, the company produced 259,800 tons of paper, a decrease of 18.79% year-on-year, and sold 281,200 tons, down 9.7% [7]. - The cellulose acetate production was 28,600 tons, an increase of 0.93%, with sales reaching 27,100 tons, up 1.06% [7]. Financial Performance - The company faced significant challenges in the paper industry due to fluctuating raw material prices, high energy costs, and reduced terminal demand, resulting in a narrowing profit margin [5]. - The total revenue for the paper and paper products industry in China was 1,456.62 billion yuan in 2024, with a year-on-year growth of 3.9% [5]. - The overall profit for the industry was 51.97 billion yuan, reflecting a year-on-year increase of 5.2% [5]. Challenges and Strategic Responses - The company identified several factors contributing to its losses, including a challenging market environment for food packaging paper, procurement cycle impacts, and the need for asset impairment provisions [53]. - To address these challenges, the company implemented organizational reforms, aimed to enhance production efficiency, and planned to expand into high-value areas such as bio-based materials [55]. Governance and Compliance - The company’s board and supervisory committee confirmed the authenticity and completeness of the annual report, ensuring compliance with relevant laws and regulations [3][14]. - The company’s financial statements for the first quarter of 2025 were prepared without audit, reflecting ongoing adjustments due to the acquisition of a subsidiary [80]. Accounting Policy Changes - The company made changes to its accounting policies in accordance with new regulations issued by the Ministry of Finance, which are not expected to have a significant impact on its financial status [70][72]. Shareholder Information - The company reported that its unallocated losses exceeded one-third of its paid-in capital, necessitating a review at the upcoming shareholder meeting [52].

近些年来，全球造纸行业正在掀起一股寻求绿色低碳发展新路径的热潮，其所关注的维度包括：使用碳 排放低的原材料、应用生物质能源替代化石能源、优化生产工艺、强化供应链绿色管理等。 作为造纸产业的上游环节，在面对绿色转型发展这一全球性话题时，浆纸领域正在积极通过技术创新和 绿色化生产，来提升生产效率以及降低碳排放。全球最大的商品浆生产商书赞桉诺，亦是推动行业可持 续发展的拥趸。 在接受21世纪经济报道记者专访时，该公司可持续发展、传播与品牌全球执行副总裁玛露·派瓦（Malu Paiva）和可持续发展总监玛丽娜·内格里索利（Marina Negrisoli）均表示："浆纸行业脱碳的主要挑 战，在于议题一直在演变，有些技术性问题甚至也是世界性难题，需要通过与产业链其他利益相关方共 同合作，寻求有效的解决方案。" 自2022年开始，书赞桉诺正式开启在中国的可持续发展工作，其内容一方面为致力于在华相关业务与可 持续发展议程更紧密相连，另一方面则是探索如何在中国更好地达成可持续发展长期目标并提出倡议。 玛丽娜·内格里索利告诉21世纪经济报道记者："我们制定了2030年的碳减排目标，即到2030年公司整体 碳排放强度降低15%。 ...

Group 1 - The company plans to distribute a cash dividend of RMB 0.50 per share, totaling approximately RMB 352.99 million, which represents 35.16% of the net profit attributable to shareholders for the year 2024 [4] - The company achieved a revenue of RMB 1,027.36 million, a year-on-year increase of 20.11%, and a net profit of RMB 100.38 million, up 51.23% compared to the previous year [13][13] - The company operates in the paper and paper products industry, focusing on high-performance paper-based functional materials and their raw materials [8][9] Group 2 - The paper industry in China showed strong growth in 2024, with production of mechanical paper and cardboard reaching 15.85 million tons, a year-on-year increase of 10%, marking the highest growth rate in nearly 12 years [5] - The average import cost of pulp in 2024 was USD 652 per ton, reflecting only a 1% increase from 2023, indicating stable pricing despite increased demand [5] - Energy costs in the paper industry decreased, with coal prices dropping by 12% year-on-year, attributed to oversupply and reduced demand from traditional power generation [6] Group 3 - The company has a diverse product range, including food and medical packaging materials, tobacco industry support materials, home decoration materials, and industrial use papers, with a strong market presence in each segment [9][10][11] - The food and medical packaging materials segment is experiencing rapid market growth due to rising consumer safety and environmental concerns [9] - The company is actively expanding its production capacity for release paper and high-demand materials to meet the growing market needs [12]