Core Points - Company announced the establishment of a wholly-owned subsidiary, Suzhou Huayuan Semiconductor Co., Ltd., to enhance its diversified layout [2] - The registered capital for the new subsidiary is set at 30 million RMB, with the company holding 100% equity [2] - The subsidiary has completed its business registration and obtained a business license from the local authority [2]

证券代码：002228 证券简称：合兴包装 厦门合兴包装印刷股份有限公司 编号：2025-11-003 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 长江证券：蔡方羿 财通证券：邢瀚文、戚志圣 时间 2025 年 11 月 20 日下午 地点 公司会议室 形式 现场调研 上市公司接待人员 董事会秘书：康春华 证券事务代表：王萍萍 投资者关系活动主要 内容介绍 1、公司计划如何有效提高公司产品的毛利率？ 答：公司持续优化产品结构，着力提升高毛利产品销 售占比；同步强化销售体系建设、拓宽多元业务渠道，构 建更具韧性的客户生态；并以技术创新为核心驱动力，不 断提升产品附加值与客户黏性，逐步提高毛利率。通过不 断寻求创新和改进，持续夯实经营基础，以实现更好的经 营效益。 1 2、简要介绍公司下游客户的构成情况？ 答：家电类约占 22%；啤酒类约占 15%；奶业约占 14%； 食品约占 11%；日化约占 4%；电商物流约占 4%；其他约占 30%。 3、请介绍下公司海外市场的产能布局情况以及 ...

南财智讯11月20日电，永吉股份公告，公司董事会近日收到董事吴天一提交的书面辞职报告。吴天一因 公司内部工作调整，申请辞去公司第六届董事会非独立董事、董事会审计委员会委员职务，离任时间为 2025年11月20日。辞职后，吴天一将继续在上市公司及其控股子公司担任职工代表董事、子公司董事等 职务。同日，公司召开职工代表大会，选举吴天一为第六届董事会职工代表董事，任期与第六届董事会 一致。此外，公司第六届董事会第十六次会议审议通过，选举吴天一为审计委员会委员，任期自董事会 审议通过之日起至第六届董事会任期届满之日止。 ...

新宏泽11月20日公告，公司股票连续3个交易日收盘价格涨幅偏离值累计超过20%，属于股票交易异常 波动的情况。公司实际控制人在股票交易异常波动期间不存在买卖公司股票的情形，本公司及董事会全 体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导性陈述或重大遗漏。公司控股股东 亿泽控股有限公司在股票交易异常波动期间存在买卖公司股票的情形，该减持行为与此前披露的减持计 划一致，亦不存在违规减持的情形。 登录新浪财经APP 搜索【信披】查看更多考评等级 ...

Core Insights - The packaging and printing sector experienced a slight increase of 0.04% on November 20, with Xin Hongze leading the gains [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Stock Performance - Xin Hongze (002836) closed at 16.08, up 9.99% with a trading volume of 219,600 shares and a transaction value of 333 million yuan [1] - Yingxing Co. (002752) closed at 6.55, up 5.31% with a trading volume of 768,900 shares and a transaction value of 515 million yuan [1] - Xianggang Technology (665509) closed at 20.03, up 3.03% with a trading volume of 164,800 shares and a transaction value of 327 million yuan [1] - Other notable stocks include Yongxin Co. (002014) with a 1.24% increase and Donggang Co. (002117) with a 0.90% increase [1] Capital Flow - The packaging and printing sector saw a net outflow of 221 million yuan from institutional investors, while retail investors contributed a net inflow of 261 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - Yingxing Co. (002752) had a net inflow of 10.8 million yuan from institutional investors, but saw a net outflow of 31.3 million yuan from speculative funds [3] - Xin Hongze (002836) experienced a net inflow of 16.1 million yuan from institutional investors, with a minor net inflow from speculative funds [3] - Other stocks like Aorijin (002701) and Jiahe Technology (920392) also showed varied capital flows, reflecting differing investor sentiments [3]

资料显示，广东新宏泽包装股份有限公司位于广东省潮州市潮州大道北片工业区北站二路宏泽工业园， 成立日期2006年3月22日，上市日期2016年12月29日，公司主营业务涉及烟标的设计、生产及销售。主 营业务收入构成为：烟标99.42%，其他(补充)0.58%。 诺安多策略混合A（320016）成立日期2011年8月9日，最新规模18.55亿。今年以来收益74.46%，同类 排名197/8136；近一年收益76.1%，同类排名179/8055；成立以来收益236.7%。 从新宏泽十大流通股东角度 诺安多策略混合A（320016）基金经理为孔宪政。 11月20日，新宏泽涨5.34%，截至发稿，报15.40元/股，成交1.69亿元，换手率5.00%，总市值35.48亿 元。 数据显示，诺安基金旗下1只基金位居新宏泽十大流通股东。诺安多策略混合A（320016）三季度增持 56.31万股，持有股数166.51万股，占流通股的比例为0.72%。根据测算，今日浮盈赚取约129.88万元。 截至发稿，孔宪政累计任职时间4年360天，现任基金资产总规模56.08亿元，任职期间最佳基金回报 95.2%， 任职期间最差基金回报-1 ...

天眼查App显示，近日，上海芯禾印创包装有限公司成立，法定代表人为范金，注册资本10万人民币， 经营范围为一般项目：包装服务；图文设计制作；打字复印；3D打印服务；广告设计、代理；平面设 计；会议及展览服务；专业设计服务；摄影扩印服务；企业形象策划；技术服务、技术开发、技术咨 询、技术交流、技术转让、技术推广；纸制品销售；塑料制品销售；互联网销售（除销售需要许可的商 品）。（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）。 ...

Investment Rating - The industry investment rating is "Outperform" (maintained) [1] Core Viewpoints - The trend of packaging companies going overseas has shifted from an optional strategy to a necessary one due to intensified competition in the domestic market and changes in the international trade environment. The motivations for going overseas include responding to customer needs and industry chain shifts, as well as profit-driven and green/smart transformation initiatives. Key regions for expansion include Southeast Asia and Mexico, with a focus on light asset models and production line relocations to optimize profitability [4][5][6] Summary by Sections 1. Paper Packaging - The necessity for overseas expansion is driven by global supply chain migration and domestic low concentration leading to cost pressures. Companies are focusing on deep customer binding and local support [5][7] - Leading companies like Yutong Technology and Meiyingsen are expanding overseas, benefiting from early establishment in foreign markets and enjoying higher profit margins compared to domestic operations [21][24] - Investment recommendations include Yutong Technology and Meiyingsen for their strong overseas presence and high dividend yields, as well as Zhongxin Co. for its growth potential in Thailand [4][6][24] 2. Metal Packaging - The industry is facing pressure domestically, but overseas profitability remains strong. Companies are actively pursuing overseas expansion to counter domestic competition and improve profit margins [31][34] - Key players like Aorijin and Baosteel Packaging are enhancing their overseas sales ratios, with significant improvements in profit margins for exports compared to domestic sales [34][61] - Investment suggestions focus on Aorijin for its differentiated overseas strategy and Baosteel Packaging for its clear capacity expansion plans [4][6][34] 3. Plastic Packaging - The industry is shifting towards environmentally friendly and customized solutions, with companies like Yongxin Co. leading the way in functional film materials and expanding their overseas market presence [64][73] - The market for single-material plastic films is expected to grow significantly, driven by sustainability trends and increasing demand from multinational brands [70][73] - Investment recommendations highlight Yongxin Co. for its robust growth in functional film materials and stable revenue from overseas markets [4][6][73]

Core Viewpoint - Longli's controlling shareholder, Shanghai Longli Investment Development Co., Ltd., plans to increase its stake in the company, reflecting confidence in its future development and long-term investment value [2] Group 1: Shareholding Increase Plan - The planned increase in shareholding amounts to no less than 56 million RMB and no more than 112 million RMB [2] - The number of shares to be acquired will not exceed 5% of the company's total share capital [2] - The increase will be conducted through centralized bidding and block trading on the Shenzhen Stock Exchange [2] Group 2: Funding Sources - The funding for the share purchase will come from self-owned funds and special loans [2] - Longli has received a loan commitment letter from China Bank Co., Ltd. Chuzhou Branch, promising a loan of up to 100 million RMB, which will cover up to 90% of the total amount for the share increase [2] - The loan term will not exceed 36 months [2]

Market Overview - The packaging and printing sector experienced a decline of 1.09% on November 19, with Yinglian Co., Ltd. leading the losses [1] - The Shanghai Composite Index closed at 3946.74, up 0.18%, while the Shenzhen Component Index closed at 13080.09, unchanged [1] Stock Performance - Hexion Packaging (002228) saw a significant increase of 9.95%, closing at 4.20, with a trading volume of 593,800 shares and a turnover of 245 million yuan [1] - Yinglian Co., Ltd. (002846) led the decline with a drop of 9.09%, closing at 18.91, with a trading volume of 350,900 shares and a turnover of 681 million yuan [2] - Other notable performers included Xinhongze (002836) with a 3.69% increase and Yutong Technology (002831) with a 2.30% increase [1][2] Capital Flow - The packaging and printing sector saw a net outflow of 206 million yuan from institutional investors, while retail investors contributed a net inflow of 184 million yuan [2] - The capital flow data indicates that Hexion Packaging had a net inflow of 133 million yuan from institutional investors, while retail investors showed a net outflow of 59 million yuan [3] Summary of Key Stocks - Hexion Packaging (002228) had a strong performance with a net inflow of 133 million yuan from institutional investors, but faced a net outflow from retail investors [3] - Yinglian Co., Ltd. (002846) experienced significant selling pressure, leading to a 9.09% decline in its stock price [2] - Other stocks like Xinhongze (002836) and Jinfutech (003018) also showed mixed capital flows, with varying levels of institutional and retail investor interest [3]