Overview - Shaanxi Jinye Science and Education Group Co., Ltd. approved a comprehensive credit limit of up to RMB 4 billion or equivalent foreign currency for the year 2025 during its board meeting and annual shareholders' meeting [2] - The company will provide guarantees for this credit limit, which can be used cyclically, including joint liability guarantees, mortgages, and pledges [2] Progress - The wholly-owned subsidiary, Shaanxi Jinye Printing Co., Ltd., applied for a comprehensive credit limit of RMB 20 million from China Merchants Bank, with the company providing joint liability guarantee [4] - The guarantee does not constitute a related party transaction and is within the approved guarantee limit from the 2024 annual shareholders' meeting [4] Financial Status of the Subsidiary - As of December 31, 2024, Shaanxi Jinye Printing had total assets of RMB 571.90 million, total liabilities of RMB 334.80 million, and net assets attributable to the parent company of RMB 237.10 million [5] - For the first quarter of 2025, total assets were RMB 572.13 million, total liabilities were RMB 377.45 million, and net profit attributable to the parent company was RMB 478.13 million [5] Guarantee Details - The guarantee provided by the company for the subsidiary's credit includes a maximum guarantee amount of RMB 20 million, effective until the expiration of the loan or financing agreements [5] Cumulative Guarantees - As of the announcement date, the actual guarantee balance of the company and its subsidiaries was RMB 1.588 billion, accounting for 87.86% of the latest audited net assets [6] - The cumulative guarantee balance over the past 12 months was RMB 1.271 billion, representing 70.33% of the latest audited net assets [6]

Project Overview - The project is titled "YY-2025年烟标后道工序设备招标项目" and involves the procurement of equipment for the post-processing of cigarette labels [1] - The estimated procurement amount is RMB 1 million, including tax [1][2] Equipment Specifications - The project includes the procurement of two types of equipment: - Automatic waste cleaning machine, with a unit price limit of RMB 500,000 [2] - Corner folding machine, with a unit price limit of RMB 250,000 and a total price limit of RMB 500,000 [2] - Delivery timelines are set at 30 days for the automatic waste cleaning machine and 90 days for the corner folding machine from the contract signing date [3] Technical Requirements - The automatic waste cleaning machine must upgrade and maintain the ability to clean various cigarette packaging types efficiently, including quick product changeover [3] - The corner folding machine should have a function to separate paper ears of cigarette boxes to prevent sticking during detection [3] Bidder Qualifications - Bidders must be independent legal entities registered within mainland China and meet several criteria, including good commercial reputation and technical capability [5] - Specific disqualifications include any legal violations in the past three years and being listed on certain blacklists [5] Bid Submission Details - Bidders can obtain the tender documents from June 23 to June 30, 2025, and must pay RMB 350 for each set [6][9] - All electronic and paper bid submissions must be completed by July 14, 2025, at 13:30 Beijing time [12]

Core Points - Tiger Color Printing Co., Ltd. has announced bankruptcy reorganization after being delisted from the New Third Board for 10 months [1] - The company, founded in 1989, reported a peak revenue of over 1.66 billion yuan in 2021 but has incurred losses exceeding 669 million yuan from 2018 to 2023 [6] - The Dongguan Intermediate People's Court has accepted the bankruptcy reorganization application from creditors and appointed Guangdong Shangkuan Law Firm as the administrator [3][5] Company Overview - Tiger Color Printing was established in 1989, originally as the Humen Color Printing Factory, and transitioned to a joint-stock company in 2013 [6] - The company was listed on the New Third Board in 2015 and achieved profitability in its first three years [6] - The company has diversified into digital printing and raw pulp beer, becoming a group enterprise over 30 years [6] Financial Performance - The highest revenue recorded was 1.66 billion yuan in 2021, with a stable revenue of 1.164 billion yuan in 2023 [6] - The company has faced continuous losses since 2018, marking its first net loss that year, leading to a total loss of 669 million yuan over six years [6] Legal Proceedings - The bankruptcy reorganization process officially began on June 12, 2025, with creditors required to declare their claims by August 1 [5] - The creditor initiating the bankruptcy reorganization is Dongguan Huaguang Packaging Materials Co., Ltd., established in 1997 [6] Management and Leadership - Chen Chengwen, the founder of Tiger Color Group, holds multiple leadership positions within the company and has faced legal restrictions due to a contract dispute [8]

Group 1 - The company announced the completion of the business registration change for its subsidiary, Shaanxi Jinye Printing Co., Ltd. [1][3] - The company’s board approved the internal transfer of 100% equity of Shaanxi Jinye Printing Co., Ltd. to its wholly-owned first-level subsidiary, Shenzhen Ruifeng New Materials Technology Group Co., Ltd., which then transferred the equity to its wholly-owned second-level subsidiary, Shenzhen Jinye Wanyuan Technology Development Co., Ltd. [2] - The business registration change included updates to the legal representative and registered address of Jinye Printing, along with necessary amendments to its articles of association and social security account changes [3]

Core Viewpoint - The company Shanxi Zigu Xuan has developed a water-based ink that allows for the substantial reproduction of ancient texts, achieving a breakthrough from visual imitation to true imitation of historical documents [1][2]. Group 1: Product Development - The water-based ink is free from chemical agents and is based on traditional Chinese writing ink, incorporating various natural plant agents, making it suitable for printing on hemp paper [2][3]. - The ink addresses environmental concerns associated with modern oil-based inks and overcomes the issue of books becoming illegible after a century [3]. Group 2: Material Innovation - The company has focused on improving the quality of hemp paper, which has better moisture absorption and stability compared to traditional paper, making it more suitable for printing ancient texts [3]. - A new environmentally friendly method for producing hemp paper has been developed, utilizing biological treatment with weak alkaline fungi to reduce pollution and enhance the durability of the paper [3]. Group 3: Market Position and Collaboration - The company has established partnerships with provincial museums, memorials, and publishers to provide ancient reprints, including notable works such as "Jiang Tie" and "Lanting Xu" [4].

Core Insights - China's printing industry has achieved a total output value exceeding 1.5 trillion yuan during the "14th Five-Year Plan" period, ranking first in the world [1][2] - The industry is focusing on digital transformation and innovation to reshape its structure, emphasizing the importance of intelligent manufacturing systems to address industry challenges [1][2] Group 1: Industry Development - The number of intelligent printing factories under construction in China has surpassed 2,600, with investments exceeding 115 billion yuan [2] - The printing industry is undergoing a transformation driven by digital services and information technology, necessitating the establishment of a comprehensive quality standard system [2] Group 2: Technological Integration - The integration of artificial intelligence is seen as a key factor in advancing the printing industry from digitization to intelligence, enhancing production capabilities [1] - The publication industry is evolving beyond traditional paper printing, leading to new challenges in quality inspection due to cross-industry and multi-scenario dissemination trends [2]

Core Points - The company announced a cash dividend of RMB 0.115 per share for its A shares [1][2] - The dividend distribution plan was approved at the annual shareholders' meeting on April 23, 2025 [1] - The record date for the dividend is May 30, 2025, with the last trading day on June 3, 2025, and the ex-dividend date also on June 3, 2025 [1] Dividend Distribution Details - The total share capital before the distribution is 419,894,039 shares, and the cash dividend will be distributed based on this number [1] - For individual shareholders holding unrestricted shares, the actual cash dividend after tax is RMB 0.115 per share if held for less than one year [2][4] - For shareholders holding restricted shares, the actual cash dividend after a 10% tax deduction is RMB 0.1035 per share [4][5] Taxation Policies - Individual shareholders holding shares for less than one month will incur a 20% tax on their dividend income [2] - Qualified Foreign Institutional Investors (QFII) will also have a 10% tax deducted, resulting in a net dividend of RMB 0.1035 per share [5][6] - Other institutional investors will not have tax withheld by the company, and the actual cash dividend remains RMB 0.115 per share [6]

Core Viewpoint - The article discusses the environmental tax obligations for newly established printing companies in Beijing, emphasizing the types of pollutants generated during the production process and the corresponding tax liabilities [5][10]. Summary by Relevant Sections Environmental Tax Obligations - Printing companies are considered taxpayers under the Environmental Protection Tax Law of the People's Republic of China if they directly emit taxable pollutants [5]. - The article highlights that printing processes generate various pollutants, including air pollutants, water pollutants, and solid waste, which are subject to environmental tax [6]. Types of Pollutants - **Air Pollutants**: The use of inks and cleaning agents in printing can release volatile organic compounds such as benzene, toluene, and xylene, which are classified as taxable air pollutants [7]. - **Water Pollutants**: Wastewater generated during plate making and equipment cleaning may contain heavy metals (e.g., chromium, nickel) and chemical oxygen demand (COD), making it a taxable water pollutant if discharged improperly [8]. - **Solid Waste**: Waste materials like used ink buckets and developing solutions are categorized as solid waste and hazardous waste. If not stored or disposed of according to environmental standards, they also incur environmental tax [9].

印刷业数字化转型升级 中国智造走向全球 在我国，印刷业是一个相对传统的制造业，目前国内有超过10万家印刷工厂，240多万从业人员，创造了约1. 44万亿元的产值。 记者在现场了解到，此次印刷技术展览会最大的特色是印刷行业的数字化转型升级，也展示了中国智造的实力。 0:00 / 1:45 第十一届北京国际印刷技术展览会昨天在北京开幕，以"携手四十载，共筑大未来"为主题，来自中国、德国、俄罗斯、法国等25个国家和地区的1300余 家企业参展，预计专业观众将超20万人次。 本届展会展出面积超过18万平方米，参展产品涉及印刷全产业链的最新设备、技术及解决方案。 此次展会上，磁悬浮技术速度快、精度高、无摩擦等优势也被应用于印刷领域。非接触式印刷传送，无噪音，精准度可以达到目前行业的极致水平。 参展商 庹明珠：在全球来说，印刷生产线应用磁悬浮技术我们是第一家。印刷速度达到500、1000、2000、3000、4000张/每小时的时候，不同速度 下，它精度还是达到微米级。 中国印刷及设备器材工业协会副理事长 杨斌：现在人工智能在印刷色彩的持续保障上做了蛮多的改进，比如说印第一张和第一千张、第一万张颜色是 不是一样的。大家对 ...

Group 1 - The company has approved a guarantee limit of up to RMB 612 million for its subsidiaries to support their normal production and operational needs for the year 2024 [2][9] - The subsidiary Jin Yin Lian (Tianjin) New Material Technology Co., Ltd. has applied for a loan limit of RMB 18 million from China Construction Bank, for which the company will provide a guarantee [3][7] - The guarantee is within the previously approved limit and does not require additional board or shareholder approval [3][9] Group 2 - Jin Yin Lian (Tianjin) was established on April 20, 2023, with a registered capital of RMB 80 million and is wholly owned by Beijing Jin Yin Lian International Supply Chain Management Co., Ltd., which is 70% owned by the company [4][6] - The company has not undergone any credit rating and is not a subject of enforcement, indicating a good credit status [6] - The total external guarantee balance of the company and its subsidiaries is RMB 184.97 million, accounting for 14.34% of the latest audited net assets [9]