证券日报网讯美盈森（002303）11月14日发布公告，在公司回答调研者提问时表示，近年来，公司跟随 客户，加强了海外布局。这两年，海外业务快速增长，推动了公司稳健发展。公司的目标是争取国内业 务稳健发展，海外业务快速发展。如果海外市场拓展不达预期，将对公司发展目标达成有一定影响。 ...

Market Overview - The packaging and printing sector experienced a decline of 0.6% on November 14, with Jinfu Technology leading the drop [1] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Stock Performance - Notable gainers in the packaging and printing sector included: - Yinglian Co., Ltd. (002846) with a closing price of 20.75, up 10.02% [1] - Xinhongze (002836) at 12.93, up 5.29% [1] - Zhuhai Zhongfu (000659) at 3.09, up 3.34% [1] - Conversely, Jinfu Technology (003018) saw a significant decline of 10.01%, closing at 15.20 [2] - Other notable decliners included: - Zhongrui Co., Ltd. (002374) down 8.10% [2] - Huayuan Holdings (002787) down 7.30% [2] Capital Flow - The packaging and printing sector experienced a net outflow of 302 million yuan from institutional investors, while retail investors saw a net inflow of 303 million yuan [2][3] - The capital flow for key stocks showed: - Yinglian Co., Ltd. (002846) had a net inflow of 2.73 billion yuan from institutional investors [3] - Jinfu Technology (003018) had a net outflow of 10.01% [2][3] - Retail investors showed varied interest, with significant inflows into stocks like Yinglian Co., Ltd. and outflows from others like Shunhao Co., Ltd. (002565) [3]

Core Viewpoint - The company emphasizes localized procurement of raw materials for its overseas factories, indicating a strategy to mitigate the impact of raw material price fluctuations on its operations [1] Group 1: Raw Material Procurement - The company primarily sources raw materials locally for its overseas factories [1] - Recent fluctuations in raw material prices have been noted, but the overall changes have been minor [1] Group 2: Pricing Strategy - In the event of significant raw material price volatility, the company engages in negotiations with clients to adjust product prices [1] - New pricing will take into account cost variations to alleviate operational impacts [1]

天眼查App显示，近日，江西宇朗包装有限公司成立，法定代表人为熊秋平，注册资本200万人民币， 经营范围为许可项目：包装装潢印刷品印刷（依法须经批准的项目，经相关部门批准后在许可有效期内 方可开展经营活动，具体经营项目和许可期限以相关部门批准文件或许可证件为准）一般项目：塑料制 品制造，塑料制品销售，橡胶制品销售，纸制品销售，广告设计、代理，平面设计，品牌管理（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 Insights - The first phase of the employee stock ownership plan of Hexing Packaging has been fully sold after ten years, which began in July 2015 and underwent six extensions, with the last extension approved by the board in May this year [2] - The company indicated that the employee stock ownership plan resulted in losses, despite having a leverage of two times and an initial scale of 120 million [2] - Currently, the controlling shareholder of Hexing Packaging has 19.08% of its shares pledged, with a total of 75.79 million shares pledged, representing 19.08% of the shares held and 6.25% of the total share capital of the company [2]

金富科技公告称，公司股票于2025年11月11日至13日连续三个交易日收盘价格涨幅偏离值累计超20%， 属异常波动。经核实，公司前期披露信息无需更正补充，未发现传媒报道未公开重大信息，近期经营及 内外部环境无重大变化，公司、控股股东及实控人无应披露未披露重大事项，异常波动期间控股股东、 实控人无买卖公司股票情形。公司提醒投资者以指定媒体信息为准，理性投资。 ...

Group 1 - The company Yongji Co., Ltd. (603058.SH) has completed a share buyback as of November 13, 2025, repurchasing a total of 5.233 million shares, which represents 1.25% of the company's total share capital [1] - The highest purchase price during the buyback was 9.70 CNY per share, while the lowest was 9.26 CNY per share, with an average buyback price of 9.56 CNY per share [1] - The total amount paid for the buyback, excluding transaction fees, was 50.0034 million CNY [1]

Core Viewpoint - Recently, Hexing Packaging announced the complete sale of its first employee stock ownership plan after ten years, while the controlling shareholder plans to reduce its stake by no more than 1.91%. Despite the reduction announcement, the company's stock price surged to a five-year high of 4.08 yuan, contrasting sharply with the losses from the employee stock ownership plan [2][3]. Group 1: Shareholder Actions - The controlling shareholder, Xinjiang Xinghui Ju Equity Investment Management Partnership, plans to reduce its holdings by up to 23.22 million shares, representing 1.91% of the total share capital, from December 4, 2025, to March 3, 2026 [2]. - As of now, Xinjiang Xinghui Ju holds 397 million shares, accounting for 32.73% of the total share capital [2]. - The stock price reached a closing price of 4.08 yuan on November 13, 2025, marking a significant increase from a low of 1.87 yuan in 2024 [3]. Group 2: Employee Stock Ownership Plan - The first employee stock ownership plan, initiated in July 2015, has been fully sold, with a total of 12.48 million shares sold, representing 1.03% of the total share capital [3][5]. - The average purchase price for the employee stock ownership plan was 25.00 yuan per share, with a total investment of up to 40 million yuan [4]. - The employee stock ownership plan ended with losses, as the total sale amount was approximately 45.93 million yuan based on the closing price of 3.68 yuan on November 11, 2025 [5][6]. Group 3: Financial Implications - The controlling shareholder's potential cash-out from the planned reduction could exceed 94 million yuan if sold at the current price of 4.08 yuan [3]. - The employee stock ownership plan received over 1.2 million yuan in cash dividends during its tenure, despite the overall loss on the stock sales [5][6]. - As of now, 19.08% of the controlling shareholder's shares are under pledge, with a total of 75.79 million shares pledged, representing 6.25% of the company's total share capital [6].

Market Overview - The packaging and printing sector increased by 1.28% on November 13, with Jinfu Technology leading the gains [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Stock Performance - Jinfu Technology (stock code: 003018) closed at 16.89, rising by 10.03% with a trading volume of 104,900 shares and a transaction value of 174 million yuan [1] - Hexing Packaging (stock code: 002228) closed at 4.08, up 9.97% with a trading volume of 1,103,000 shares [1] - Hongyu Packaging Materials (stock code: 920274) closed at 31.66, increasing by 5.71% [1] - Other notable performers include Yinglian Co., Ltd. (stock code: 002846) up 4.84% and Nanshi Technology (stock code: 301355) up 3.64% [1] Capital Flow - The packaging and printing sector experienced a net outflow of 62.21 million yuan from institutional investors and 84.42 million yuan from retail investors, while retail investors saw a net inflow of 147 million yuan [2] - The capital flow data indicates that institutional and speculative funds are withdrawing, while retail investors are increasing their positions [2] Individual Stock Capital Flow - Yinglian Co., Ltd. (stock code: 002846) had a net inflow of 84.76 million yuan from institutional investors, but a net outflow of 68.72 million yuan from retail investors [3] - Hexing Packaging (stock code: 002228) saw a net inflow of 34.79 million yuan from institutional investors, with retail investors withdrawing 22.62 million yuan [3] - Other stocks like Jinghua Laser (stock code: 603607) and Nanshi Technology (stock code: 301355) also showed mixed capital flows, with institutional inflows but retail outflows [3]

Core Viewpoint - Recently, Liaocheng Tiancheng Packaging Co., Ltd. was established with a registered capital of 860,000 RMB, indicating a new player in the packaging industry [1] Company Summary - The legal representative of the company is Qu Guangying, suggesting a centralized leadership structure [1] - The company’s business scope includes sales of packaging materials and products, paper products, and various manufacturing services, indicating a diversified operational focus [1] - The company is authorized to engage in printing services for packaging and other printed materials, which may enhance its competitive edge in the market [1] Industry Summary - The establishment of new companies like Liaocheng Tiancheng Packaging reflects ongoing growth and opportunities within the packaging industry [1] - The range of services offered, including design and manufacturing, highlights the industry's trend towards integrated solutions for clients [1] - The requirement for approvals for certain projects indicates regulatory oversight in the packaging sector, which may impact operational timelines [1]