8月25日，上海艾录（301062）2025年半年度报告显示，2025上半年公司实现营业收入5.86亿元，同比 增长2.57%；实现归属于上市公司股东的净利润为291.54万元。 2024年3月，公司推出Espeed系列无塑膜纸基包装产品，这是一款面向消费品端的可回收环保包装新产 品，可用于替代市场现存和潜在的塑膜类复合包装，主要应用于食品及非食品包装，实现了无塑膜可热 封的创新包装工艺，产品可回收再生。该类产品已在2024年下半年小批量向下游消费市场逐步投放。公 司Espeed系列无塑膜纸基包装产品在近期已斩获"第四届食品配方创新SHOW"185家参赛作品中以第2名 斩获"FFIS2024技术创新突围奖"；"蓝星计划"可持续发展包装大赛"绿色材料应用创新奖铜奖"；"美狮 杯"技术创新奖等。 光伏业务方面，截至本定期报告披露日，艾纳新能源聚氨酯复合材料边框产品(材料及结构)已具备匹配 下游光伏行业1.8GW产能的聚氨酯复合材料边框产品生产能力和产品大规模交付能力；并已通过各项测 试评估，获得德国VDE原料认证及T V(南德及莱茵)认证。相关产品已完成20余家下游光伏组件客户产 品送样验证通过，并与华能新能源及 ...

Investment Rating - The report maintains an "Outperform" rating for the industry [3] Core Insights - The report highlights that major companies in the home furnishing sector, such as Gujia Home and Xilinmen, have reported Q2 results that slightly exceed market expectations, indicating a potential recovery in market sentiment towards home furnishing valuations [2][5] - The packaging paper prices have shown a slight recovery since August, with the upcoming peak season expected to boost demand for recycled paper [2][5] - The electronic cigarette sector, particularly companies like Smoore International, is benefiting from stricter regulations in the US and a recovery in Europe, leading to stable revenue and profit growth [2][5] Summary by Sections Home Furnishing - Gujia Home reported a Q2 revenue increase of 7.2% year-on-year and a net profit increase of 5.4%, with a 50%+ growth in functional product retail for H1 [5] - Xilinmen's Q2 revenue grew by 4.3% year-on-year, with a net profit increase of 22.4% [5] - The report suggests that many home furnishing companies are currently valued at historical lows, presenting an opportunity for valuation recovery [5] Paper and Packaging - As of August 22, 2025, the prices for various paper types are as follows: double glue paper at 4925 CNY/ton (-25 CNY), copper plate paper at 5110 CNY/ton (-40 CNY), and box board paper at 3484.2 CNY/ton (+29.2 CNY) [5][51] - Nine Dragons Paper is expected to report a profit of approximately 2.1 to 2.3 billion CNY for FY2025, a year-on-year increase of 165% to 190% [5][5] - The report emphasizes the importance of companies with well-structured capacity and sufficient fiber supply, such as Nine Dragons Paper and Shanying International [5] Consumer Goods - The report notes that Steady Medical achieved a revenue of 5.3 billion CNY in H1 2025, a year-on-year increase of 31.3%, with a net profit of 490 million CNY, up 28.1% [7] - The consumer goods sector is seeing strong growth in high-end medical supplies and personal care products [7] Export Chain - Home Depot reported Q2 2025 revenue of 45.3 billion USD, a nearly 5% year-on-year increase, slightly below market expectations [5] - The report indicates a positive trend in large orders, with transactions over 1000 USD increasing by 2.6% year-on-year [5] New Tobacco Products - Smoore International's H1 revenue reached 6 billion CNY, a year-on-year increase of 18.3%, with a focus on ODM and proprietary brand businesses [5][9] - The report suggests that the new tobacco product market is expected to grow as international tobacco companies launch HNB products [9]

天眼查App显示，近日，眉山红乐果包装有限公司成立，法定代表人为杨承涛，注册资本50万人民币， 经营范围为一般项目：包装服务；水果种植；新鲜水果零售；新鲜水果批发；食用农产品批发；食用农 产品初加工；非食用农产品初加工；低温仓储（不含危险化学品等需许可审批的项目）；化肥销售；塑 料制品销售；塑料包装箱及容器制造；非居住房地产租赁；纸制品制造；纸制品销售。（除依法须经批 准的项目外，凭营业执照依法自主开展经营活动）。 ...

天眼查App显示，近日，江都区朗胜包装经营部（个体工商户）成立，法定代表人为万洪波，注册资本 5万人民币，经营范围为一般项目：包装服务；包装材料及制品销售；纸和纸板容器制造；纸制品制 造；纸制品销售；塑料制品销售；日用品销售；个人卫生用品销售；针纺织品及原料销售；日用杂品销 售（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

（文章来源：每日经济新闻） 京山轻机（SZ 000821，收盘价：12.16元）8月21日晚间发布公告称，公司2025年半年度计提信用及资 产减值损失共计约4549万元，2025年半年度利润总额相应减少约4549万元，归属于母公司所有者的净利 润相应减少约3717万元，并相应减少报告期末归属于母公司所有者权益约3717万元。上述数据未经审 计，最终以会计师事务所年度审计确认的金额为准。 2025年1至6月份，京山轻机的营业收入构成为：光伏占比68.96%，其他占比19.59%，包装占比 11.44%。 ...

天眼查App显示，近日，灵寿县鑫艺包装有限公司成立，法定代表人为赵莎莎，注册资本1万人民币， 经营范围为一般项目：包装服务;第一类医疗器械销售;第二类医疗器械销售;日用百货销售;日用品销售; 日用杂品销售;日用家电零售;汽车零配件零售;家用电器零配件销售;机动车修理和维护;汽车拖车、求 援、清障服务;电动自行车维修;农业机械服务（除依法须经批准的项目外，凭营业执照依法自主开展经 营活动）。 ...

天眼查App显示，近日，青岛洪鋆智能包装有限公司成立，法定代表人为江洪鋆，注册资本100万人民 币，经营范围为一般项目：包装服务；纸和纸板容器制造；塑料制品销售；服装辅料销售；五金产品零 售；充电桩销售；电动汽车充电基础设施运营；新能源汽车换电设施销售；集中式快速充电站；技术服 务、技术开发、技术咨询、技术交流、技术转让、技术推广；货物进出口；技术进出口。（除依法须经 批准的项目外，凭营业执照依法自主开展经营活动）许可项目：包装装潢印刷品印刷。（依法须经批准 的项目，经相关部门批准后方可开展经营活动，具体经营项目以相关部门批准文件或许可证件为准）。 ...

天眼查App显示，近日，桐城市睿科包装有限公司成立，法定代表人为汪子睿，注册资本100万人民 币，经营范围为一般项目：塑料制品制造；塑料制品销售；纸制品制造；纸制品销售；生物基材料制 造；生物基材料销售；生物基材料技术研发；生物基材料聚合技术研发；真空镀膜加工；新型膜材料制 造；新型膜材料销售；农用薄膜销售；日用品销售；日用杂品制造；日用百货销售；互联网销售（除销 售需要许可的商品）（除许可业务外，可自主依法经营法律法规非禁止或限制的项目）。 ...

天眼查App显示，近日，泗阳小雨点科技有限公司成立，法定代表人为姜颖，注册资本2000万人民币， 经营范围为一般项目：技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；包装材料及 制品销售；纸制品制造；纸制品销售；包装服务；日用百货销售；体育用品及器材批发；体育用品及器 材零售；户外用品销售；集成电路芯片及产品销售；工业机器人制造；服务消费机器人制造；工业机器 人销售；智能机器人销售；服务消费机器人销售；智能机器人的研发；互联网销售（除销售需要许可的 商品）；智能控制系统集成（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

Core Viewpoint - Recently, Kunshan Anxinxing Packaging Co., Ltd. was established with a registered capital of 1 million RMB, indicating a new player in the packaging industry [1] Company Summary - The legal representative of Kunshan Anxinxing Packaging Co., Ltd. is Hu Meng [1] - The company has a registered capital of 1 million RMB [1] Industry Summary - The business scope includes the sale of packaging materials and products, manufacturing and sales of plastic products, sales of electronic products, sales of machinery and equipment, sales and production of labor protection products, sales of chemical products (excluding licensed chemical products), manufacturing and sales of paper products, and manufacturing and sales of man-made boards [1]