公司2025年末果断剥离全部融资租赁业务相关资产，虽产生一次性损益，却彻底卸下了这一长期拖累业绩的非主业负担，实现了资产的"轻装上阵"。此举 标志着公司战略重心全面回归制浆造纸核心业务，资源配置更加聚焦，为未来发展扫清了障碍。 发高附加值产品以及处置非主业资产等一系列措施。此外，公司与金融机构积极沟通，落实降息展期，财务费用实现大幅降低，经营能力得到夯实。 齐鲁晚报.齐鲁壹点马小杰 近日，ST晨鸣发布2025年度业绩预告。尽管受到部分基地停机检修及资产计提等因素影响，公司当期利润承压，但一系列主动调整与经营改善的信号清 晰显示：晨鸣纸业正果断甩掉历史包袱，聚焦主业，稳步走出经营低谷。 与此同时，公司积极应对短期挑战，稳步推进主要生产基地复工复产。目前，公司寿光基地、黄冈基地、吉林基地及江西基地已全面复工复产，1月28日 湛江晨鸣二厂也实现复工复产，各基地生产、销售情况良好，产能利用率稳步提升。为持续提升经营效益，公司采取了严格管控成本、优化产品结构、开 随着造纸行业供需格局逐步改善，市场呈现回暖趋势，晨鸣纸业凭借其完整的产业链布局和领先的产能基础，已逐步重回正轨。短期业绩波动不足为惧， 市场更应关注其战略调整 ...

综合来看，2025年业绩亏损主要源于停产检修损失、资产减值及融资租赁业务剥离等阶段性、一次性因 素。随着这些临时性影响的逐步消退，该公司主营业务盈利能力有望更真实地体现，业绩呈现筑底迹 象。 本报讯 （记者王僖）1月30日晚，山东晨鸣纸业集团股份有限公司（以下简称"ST晨鸣（000488）"）发 布2025年度业绩预告，预计2025年归属于上市公司股东的净利润为亏损82亿元至88亿元。尽管业绩仍处 亏损区间，但细观预告内容可见，该公司正处于集中清理历史负担、夯实主业基础的关键阶段，多项经 营修复信号已逐步清晰。 展望2026年，随着生产系统全面恢复、成本控制效果进一步释放，ST晨鸣能否迎来经营拐点，值得市 场持续关注。ST晨鸣在业绩预告中表示，将继续聚焦主业，进一步深化全流程降本增效和全方位新产 品开发，持续提升经营效益。 与此同时，在各级党委、政府及金融机构的支持下，该公司稳步推进全面复工复产。根据ST晨鸣近日 在投资者互动平台上披露的信息，目前，该公司寿光基地、黄冈基地、吉林基地及江西基地已全面复工 复产，湛江基地二厂也于1月28日启动生产，各基地复产生产线设备运行率与产能利用率已恢复至正常 水平，产品质 ...

Group 1 - The company, Qingshan Paper (600103.SH), stated on the investor interaction platform that it currently has no plans to enter the robotics-related industry chain [1]

Report Industry Investment Ratings - Cotton, Pulp, Sugar, Apple, Timber: ☆☆☆ [1] - 20 - rubber, Natural Rubber, Butadiene Rubber: ★☆☆ [1] Core Views - The overall market of soft commodities shows mixed trends, with different products having their own supply - demand situations and price trends. It is recommended to take a wait - and - see approach for most products [2][3][4][5][6][7] Summary by Product Cotton & Cotton Yarn - Zhengzhou cotton futures dropped significantly today, with short - term trends likely to be volatile. The overall domestic cotton market shows strong supply and demand, but short - term trading may slow down due to the approaching Spring Festival. As of January 22, cumulative processed lint cotton was 719.0 million tons, and cumulative sales were 463.1 million tons. In December, domestic cotton imports increased. Spinning mills still have demand for raw materials, but downstream orders are average. It is recommended to wait and see [2] Sugar - Overnight, US sugar prices fluctuated. Brazil's sugar production is nearing the end, and the market focuses on the next season's production forecast. Rainfall in Brazil's central - southern region is a concern. The sugar - to - ethanol ratio is expected to decline, and Brazil's sugar production in the 26/27 season may decrease. In China, Zhengzhou sugar futures rebounded. Both production and sales progress are slow. It is recommended to wait and see [3] Apple - Apple futures prices fluctuated. Spot prices were stable. The Spring Festival stocking peak has arrived, and the sales pace has accelerated. However, the purchase of farmers' apples is less, and the supply of high - quality apples is limited. As of January 29, the national cold - storage apple inventory was 601.01 million tons, a 9% year - on - year decrease. This week's cold - storage destocking volume was 31.31 million tons, a 45.11% year - on - year decrease. The market trading logic has shifted to demand. It is recommended to wait and see [4] 20 - rubber, Natural Rubber & Synthetic Rubber - Today, the futures prices of natural rubber RU, 20 - rubber NR, and butadiene rubber BR first rose and then fell. Global natural rubber supply is entering the reduction period, and the domestic butadiene rubber plant operating rate has dropped significantly. The upstream butadiene plant operating rate continues to rise. The domestic full - steel tire operating rate decreased slightly, and the semi - steel tire operating rate increased slightly. Shandong tire enterprises' finished product inventory continues to increase. The overall rubber situation shows general demand, reduced supply, a slight decrease in natural rubber inventory, and an increase in synthetic rubber inventory. The cost support is strong, and geopolitical risks are rising. The strategy is to adjust in a volatile manner [5] Pulp - Today, pulp futures dropped significantly. Pulp is restricted by weak downstream demand, and its short - term fundamentals remain weak. As of January 29, 2026, the inventory of China's main pulp ports was 216.9 million tons, a 4.9% month - on - month increase. Downstream paper mills are cautious about high - priced raw material procurement. It is recommended to wait and see and pay attention to the support near the previous low [6] Logs - Log futures prices fluctuated. Spot prices were stable. The external market quotation was lowered, and the domestic spot price remained weak. The short - term arrival volume will decrease. As of January 23, the average daily outbound volume of logs at 13 national ports was 6.18 million cubic meters, a 194.29% year - on - year increase. The national port log inventory was 249 million cubic meters, an 11.7% year - on - year decrease. Low inventory provides some support for prices. It is recommended to wait and see [7]

Investment Rating - The report indicates a positive investment outlook for the carbon neutrality sector, emphasizing the emergence of multi-layered and long-term investment opportunities driven by the "dual carbon" strategy and the deepening of the national carbon market [3][11]. Core Insights - The transition towards a green economy in China has moved from conceptual advocacy to a substantive phase, creating a systematic investment landscape centered around four dimensions: energy system restructuring, industrial green premium, carbon reduction technology expansion, and the rise of supporting services [3][11]. Summary by Sections Carbon Peak and Neutrality Policy Framework - The "14th Five-Year Plan" and "15th Five-Year Plan" are critical periods for achieving carbon peak goals, with a comprehensive "1+N" policy system established to guide the transition [9][18]. - The energy consumption dual control is transitioning to carbon emission dual control, with a three-phase approach leading to comprehensive implementation by 2025 [9][22]. Market-Based Emission Reduction Mechanism - The carbon market's core mechanism is to guide carbon pricing through quotas, CCER, and green certificates [10][31]. - By the end of 2025, the cumulative transaction volume in the national carbon market is expected to reach 860 million tons, with a transaction value of 58.12 billion yuan and an average price of 67.6 yuan per ton [42][43]. Investment Strategy: Four-Dimensional Industrial Opportunities - The dual carbon process will create multi-layered, long-cycle investment opportunities across four dimensions: 1. **Energy System Restructuring**: Focus on new power systems, emphasizing photovoltaic and wind power technology advancements, and integrating non-electric applications like green hydrogen [11]. 2. **Industrial Green Premium**: The internalization of carbon costs is reshaping high-energy-consuming industries, providing cost advantages to companies with low-carbon processes [11]. 3. **Carbon Reduction Technology Breakthroughs**: Technologies in hard-to-abate sectors are entering a phase of scale, with significant demand for energy-saving equipment and recycling technologies [11]. 4. **Emergence of Carbon Management Services**: The assetization of carbon is driving demand for carbon monitoring, accounting platforms, and professional services to help companies manage risks and optimize assets [11].

（文章来源：每日经济新闻） 每经AI快讯，华泰股份(600308)1月30日公告，2025年预计归属于母公司所有者的净利润亏损5000万元 到7000万元，去年同期公司净利润为3616.19万元，同比由盈转亏。报告期内，受行业周期性调整及产 品供需阶段性变化影响，公司部分产品销售价格下降幅度大于成本下降幅度，毛利率有所下降，导致公 司经营业绩出现一定波动。 ...

格隆汇1月30日｜华泰股份公告，预计2025年年度净利润亏损5000万元到7000万元。2025年，受行业周 期性调整及产品供需阶段性变化影响，公司部分产品销售价格下降幅度大于成本下降幅度，毛利率有所 下降，导致公司经营业绩出现一定波动。 ...

| 序号 | 板块 | 涨跌幅(%)▼ | 总成交量 (万手) ▼ | 总成交额(亿元) ▼ | 净流入 (亿元) ▼ | 上涨家数 | 下跌家数 | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 种植业与林业 | 3.81 | 2725.72 | 254.49 | 2.80 | ટર | 5 | | 2 | 造纸 | 2.65 | 815.26 | 53.97 | 2.87 | 18 | র্ব | | 3 | 影视院线 | 1.84 | 1471.20 | 164.68 | 7.36 | 12 | 6 | | র্ব | 通信设备 | 1.72 | 2607.68 | 1523.66 | 150.55 | 51 | 37 | | 5 | 环保设备 | 1.53 | 279.14 | 37.87 | 1.32 | 22 | 7 | | 6 | 橡胶制品 | 1.50 | 292.00 | 52.06 | 2.81 | 14 | 7 | | 7 | 自动化设备 | 1.35 | 865.25 | 387.35 | 11.47 | 62 | 27 ...

消息面 供应压力减轻但国内成品纸进入淡季，纸厂补库动力不强，拖累纸浆盘面，短期可能受商品市场整体情绪带动，区间波动为主。2605合约上方压 力5450-5500元，支撑5200-5300元。操作上，靠近5200附近可再次尝试多配。 信达期货： 纸浆在经过连续横盘后，向下考验支撑位置，底部价位多头积极接货，大幅加仓多单，中长期不改低多趋势。但是另一方面，纸浆较为弱势的基 本面，本周一旦出现宏观商品回调，或将考验5300的支撑。 1月29日，纸浆前20名期货公司(全月份合约加总)多单持仓20.38万手，空单持仓22.45万手，多空比0.91。净持仓为-2.07万手，相较上日增加560 手。 机构观点 方正中期期货： 截至2026年1月29日，中国纸浆主流港口样本库存量：216.9万吨，较上期累库10.1万吨，环比上涨4.9%，库存量在本周期继续呈累库的走势，港 口样本库存连续四周呈现累库的走势。(保定库因内部原因暂时无法公布数据，本周纸浆库存样本剔除保定库。) 据统计，2025年中国累计进口纸浆2,793.64万吨，同比增长7.02%。其中，漂针浆全年累计进口862.50万吨，同比增长3.55%；漂阔浆全年累计进 ...

每经AI快讯，1月30日，安徽循环造纸领域领先企业——林平发展（603284）启动申购。本次公开发行 数量1,885.37万股，发行后总股本为7,541.48万股。公司本次发行价格为37.88元/股，发行市盈率为18.69 倍。网上申购代码为732284，网上发行量为754.1000万股。本次公开发行的募集资金拟主要用于"年产 90万吨绿色环保智能制造新材料项目(二期)"及"年产60万吨生物基纤维绿色智能制造新材料项目"建设。 项目建成后，公司将新增一条60万吨箱板纸生产线、一条30万吨箱板纸产线及一条30万吨瓦楞纸产线。 ...