经济日报记者 童政 臧潇 随着西部陆海新通道骨干工程——平陆运河的开工建设，广西贵港市一头通过西江黄金水道连接粤 港澳大湾区，另一头通过平陆运河连接北部湾，形成"双龙出海"的格局，既给内河港增创了新优势，也 带来了发展面貌的新转变。 依托出海通道优势，贵港乘势谋划发展大进大出的产业。近年来，贵港成功引进心连心绿色化工、 植护元创纸业等7个投资超百亿元的项目。投资贵港热潮的兴起不仅仅是因为这里有港口，从投资者的 口碑中记者了解到，这座城市的热情、效率与周到，让他们用真金白银投下信任票。 组团服务 大型产业项目是城市竞争力的核心载体。尤其是对贵港这个相对年轻且产业基础薄弱的地级市而 言，以大型产业项目为龙头构建现代化产业体系尤为迫切。 在贵港经济开发区玉贵园区投资超百亿元的产业项目——植护元创生活用纸全产业链项目，记者看 到一派火热的建设场景：运输车辆穿梭往来，塔吊林立其间，材料运送井然有序。"项目自签约至通过 环评，仅用时9个月。"对于贵港市的服务，广西植护元创纸业有限公司副总经理王世梅由衷点赞。 记者看到，港南区的项目前线行动支部就设在项目部一楼。前线行动支部进驻植护元创项目以来， 先后协调有关部门解决项目施 ...

作为新增长引擎之一， 湿厕纸 表现出色，根据Worl dpa ne l消费者指数家庭样组数据：截 至2 0 2 5年1 0月3日的5 2周， 湿厕纸销售额同比增长3 5% ，贡献了生活用纸整体增长额的 3 0%。消费人群的稳步扩大，形成了持续的增长动力：湿厕纸渗透率从2023年的13%增长 至最近一年的 2 2% 。同时，消费者也买得更加频繁，重复购买的顾客也显著增加。 消费者对湿厕纸的适应需要一个需求变化的过程，并非直接替代传统的干卫生纸。湿厕纸 从经期的护理、旅行外出等特殊的 需求场景切入 ，再延伸到 日常生活的场景 。产品能够 有越多适用的场景，就越能引导消费者形成使用习惯，从而推动消费者从尝试到习惯的消 费行为转变。 从消费者画像来看， 年轻无孩家庭 和 成年家庭 是湿厕纸的核心客群。数据表明，他们对 该品类的购买倾向指数分别达到1 4 6和117。这两群消费者也是驱动市场增长的主要客群， 截 至 2 0 2 5 年 10 月 3 日 的 5 2 周 ， 他 们 的 销 额 增 速 均 超 过 43% ， 明 显 高 于 整 体 消 费 者 增 速 水 平。 同时，这两类家庭有更高的消费能力， 户均花 ...

百亿体量的中山纸巾之王，高管阵容变换。 12月11日，中顺洁柔公告称，因公司战略发展需要，刘鹏申请辞去总裁一职。辞职后，刘仍担任董事 长、提名委员会委员等职务。 同日，公司召开董事会，审议通过聘任高波为公司总裁。 邓颖忠对部下依旧大方。 接任者高波，出生于1977年，审计出身。公告显示，其先后在惠而浦、美卓中国、永辉超市等，担任审 计主管、内控总监等职务。 上任总裁前，高波于2021年5月至2024年2月，任中顺洁柔审计部负责人，后担任财务总监。2024年，他 的年薪为168.41万元。2025年11月起，其任公司董事。 "刘鹏董事长主要负责公司新品类、新业务的拓展，高波上任总裁后主管内部管理效能提升。"中顺洁柔 投资者关系部门回复《21CBR》记者。 这家总部位于广东中山的纸业龙头，正处于业绩复苏的关键时点。 创始人邓颖忠现年74岁，1999年成立中顺洁柔前身"中顺纸业"，2010年带队A股上市，现与恒安、维 达、金红叶并称中国生活用纸行业"四巨头"。 企业管理上，他选择"去家族化"，让贤职业经理人，自己留任董事，2025胡润百富榜上，其身家为70亿 元。 2021年4月，邓辞去中顺洁柔董事长，由刘鹏接任。 ...

每经头条（nbdtoutiao）——白金信用卡权益大缩水：贵宾厅限次、酒店减量⋯⋯银行吐槽没赚头，"羊 毛党"薅了个寂寞 （记者 张明双） 每经AI快讯，中顺洁柔（SZ 002511，收盘价：7.98元）12月11日晚间发布公告称，因公司战略发展需 要，刘鹏先生申请辞去总裁职务，辞职后仍担任董事长、提名委员会委员、战略与可持续发展委员会委 员职务。经董事长提名，董事会提名委员会审核，公司董事会同意聘任高波先生为公司总裁。 2025年1至6月份，中顺洁柔的营业收入构成为：生活用纸占比98.85%，个人护理及其他占比1.15%。 截至发稿，中顺洁柔市值为103亿元。 ...

证券日报网讯 12月8日，中顺洁柔在互动平台回答投资者提问时表示，公司高度重视每一位股东的声 音，始终将所有股东的利益放在首位，始终坚持以生活用纸为核心主营业务，不断加强品牌建设，积极 开拓第二、第三业务增长曲线，致力于成为"美好生活陪伴者"，为股东创造更多价值。 （文章来源：证券日报） ...

Group 1 - A consumer reported finding a piece of red tape on a package of Jie Ruo paper towels, which led to an investigation by the company [2] - Jie Ruo's customer service initially claimed the tape was water-soluble, but further testing by the consumer showed that the tape did not dissolve in water [2] - The company confirmed that the tape was used during the production process due to a machine malfunction, and it is considered a rare occurrence with no similar issues found in the same batch [2] Group 2 - The company stated that the tape complies with EU safety standards and does not pose a health risk to consumers, as the paper towels are intended for skin contact [2] - Jie Ruo is a major player in the consumer paper products industry, with a portfolio that includes brands such as Jie Ruo, Duo Lei Mi, Tai Yang, Jie Shi Jia, and Yue Ji Rou, covering various product categories [2] - The company is currently in discussions with the consumer regarding compensation for the incident [2]

Core Viewpoint - The stock of Yanjiang Co., Ltd. has experienced significant growth this year, with a year-to-date increase of 124.17%, indicating strong market performance and investor interest [1][2]. Financial Performance - For the period from January to September 2025, Yanjiang Co., Ltd. achieved a revenue of 1.295 billion yuan, representing a year-on-year growth of 22.99% [2]. - The net profit attributable to the parent company for the same period was 42.5018 million yuan, reflecting a year-on-year increase of 27.95% [2]. Stock Market Activity - As of December 2, the stock price of Yanjiang Co., Ltd. was 11.48 yuan per share, with a trading volume of 91.2071 million yuan and a turnover rate of 3.49% [1]. - The company has seen a net outflow of 952,000 yuan in principal funds, with large orders accounting for 21.09% of purchases and 21.02% of sales [1]. Shareholder Information - As of November 20, the number of shareholders for Yanjiang Co., Ltd. increased to 14,700, a rise of 19.96% from the previous period [2]. - The average number of circulating shares per shareholder decreased by 16.64% to 15,386 shares [2]. Dividend Distribution - Since its A-share listing, Yanjiang Co., Ltd. has distributed a total of 241 million yuan in dividends, with 44.2809 million yuan distributed over the past three years [3]. Major Shareholders - As of September 30, 2025, the sixth largest circulating shareholder is the Caitong Advantage Industry Rotation Mixed Fund, holding 5.2034 million shares as a new shareholder [3]. - The tenth largest circulating shareholder is the Caitong Growth Preferred Mixed Fund, holding 2.9304 million shares, also as a new shareholder [3].

Summary of the Conference Call for Hengan International Industry Overview - The consumer paper market is experiencing a slowdown in growth, but an increase in per capita usage and the penetration of high-margin products are driving price growth, leading to stable industry growth expectations [2][3] - The sanitary napkin market is seeing a decline in sales, but innovation in high-end products is pushing up unit prices, with future growth relying on high-end strategies [2][4] - The diaper market is significantly influenced by the number of newborns, necessitating differentiated products to increase average transaction value [2][4] Company Performance - Hengan International's brands, such as "Heart to Heart," hold a leading market share in the consumer paper sector, with an upward trend in the CR10 index [2][5] - The company reported sales exceeding 400 million yuan in 2024 and nearly 300 million yuan in the first half of 2025, with a significant increase in internal sales contribution [2][7] - The high-end brand Kimo has significantly boosted the diaper business, maintaining a growth rate of 20% [2][8] Product Innovation - Recent product launches include high-end items such as "Sunshine" and "Rong Lifang," which have positively impacted sales and gross margins. For instance, the price of "Sunshine" is 70% higher than traditional series [2][6] - The introduction of innovative products like "Rong Lifang," which utilizes CAD air-drying technology, has improved absorption and doubled the price compared to traditional products [2][6] Market Dynamics - The competitive landscape in the consumer paper industry remains stable, with major players maintaining their market shares while new entrants are eroding smaller brands' shares, leading to an increase in the CR10 index [5] - In the sanitary napkin sector, foreign brands are losing market share to domestic brands, which are aggressively investing in sales [5] - The diaper market is similarly affected, with significant declines in market share for foreign brands like Procter & Gamble and Kao, while domestic brands are rising [5] Cost and Profitability - Recent cost reductions are a key reason for optimism regarding Hengan International's performance in the second half of 2025. The prices of needle and broadleaf pulp are expected to decrease by 9.55% and 7.5%, respectively, which could restore profit margins by 3 percentage points [3][9][10] - The revenue structure shows that consumer paper accounts for 70% of revenue, while sanitary products account for 30%, but the profit contribution is reversed, with sanitary products contributing more [3][10] Valuation and Investment Outlook - Hengan International has a high dividend payout ratio, with a current valuation corresponding to an annual price-to-earnings ratio of approximately 11 to 12 times and a dividend yield of about 5.5% [3][11] - The company is expected to enhance its dividend levels due to short-term performance elasticity and long-term recovery expectations, making it an attractive investment in the Hong Kong stock market and the sanitary products sector [3][11]

Group 1 - The core viewpoint of the news is that Yanjiang Co., Ltd. has experienced significant stock price growth this year, with a year-to-date increase of 98.79% and a recent upward trend in the last 60 days of 42.98% [1] - As of October 31, 2025, Yanjiang Co., Ltd. reported a total revenue of 1.295 billion yuan, representing a year-on-year growth of 22.99%, and a net profit attributable to shareholders of 42.50 million yuan, up 27.95% year-on-year [2] - The company has distributed a total of 241 million yuan in dividends since its A-share listing, with 44.28 million yuan distributed over the past three years [3] Group 2 - The main business of Yanjiang Co., Ltd. includes the research, production, and sales of disposable hygiene product materials, with revenue composition being 34.37% from hot air non-woven fabric, 32.79% from perforated non-woven fabric, and 23.16% from PE perforated film and composite film [1] - As of the end of September 2025, the number of shareholders of Yanjiang Co., Ltd. increased by 4.51% to 12,200, while the average circulating shares per person decreased by 4.31% to 18,457 shares [2] - The company is categorized under the beauty care and personal care industry, specifically in the life paper sector, and is associated with concepts such as multi-birth concept, melt-blown fabric, and small-cap stocks [1]

Core Viewpoint - The stock of Haoyue Nursing has shown a mixed performance in recent months, with a year-to-date increase of 22.59% but a decline of 16.24% over the past 60 days, indicating volatility in its market position [1][2]. Financial Performance - For the period from January to September 2025, Haoyue Nursing achieved a revenue of 2.718 billion yuan, representing a year-on-year growth of 33.18%. However, the net profit attributable to shareholders decreased by 30.94% to 203 million yuan [2]. - The company has distributed a total of 979 million yuan in dividends since its A-share listing, with 717 million yuan distributed over the past three years [3]. Stock Market Activity - As of November 14, Haoyue Nursing's stock price was 34.34 yuan per share, with a market capitalization of 7.385 billion yuan. The stock experienced a net inflow of 2.6165 million yuan from main funds [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent occurrence on September 1, where it recorded a net buy of -46.165 million yuan [1]. Shareholder Information - As of September 30, 2025, the number of shareholders for Haoyue Nursing increased by 33.50% to 23,400, while the average number of tradable shares per person decreased by 25.24% to 9,184 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fifth largest, holding 2.0901 million shares, a decrease of 2.5255 million shares from the previous period [3].