来源：金融界 融券方面，当日融券卖出0.00万股，净卖出0.00万股。 8月13日，沪深两融数据显示，山鹰国际获融资买入额0.39亿元，居两市第613位，当日融资偿还额0.61 亿元，净卖出2249.90万元。 最近三个交易日，11日-13日，山鹰国际分别获融资买入0.46亿元、0.38亿元、0.39亿元。 ...

Group 1 - The core point of the article is that Yueyang Forest and Paper has announced the approval of multiple proposals, including the cancellation of the supervisory board and the revision of related rules [2] Group 2 - The announcement was made during the fourth-fourth meeting of the eighth board of directors [2] - The decision reflects a significant governance change within the company [2] - The company aims to streamline its operations and improve decision-making processes through these changes [2]

证券日报网讯 8月13日晚间，岳阳林纸发布公告称，公司于2025年8月13日召开第八届董事会第四十四 次会议，审议通过了《关于以债权转股权对全资子公司增资的议案》，同意以债权转股权方式向全资子 公司湖南茂源林业有限责任公司（简称"茂源林业"）增资14亿元，增资完成后，茂源林业注册资本将由 47，148万元增加至187，148万元。本次增资无需提交股东大会审议。 （编辑 任世碧） ...

Group 1 - The company, Yueyang Forest and Paper, announced that it will hold its second extraordinary general meeting of shareholders on August 29, 2025 [2] - The agenda for the meeting includes a proposal to cancel the supervisory board and revise related rules [2]

天眼查App显示，近日，泸州玖玖柒纸业有限公司成立，法定代表人为康杰，注册资本100万人民币， 经营范围为一般项目：纸制品制造；纸制品销售；包装材料及制品销售；办公用品销售；普通货物仓储 服务（不含危险化学品等需许可审批的项目）；竹制品销售；日用品销售；日用杂品制造；日用品批 发；日用杂品销售；针纺织品销售；文具用品批发；文具用品零售；五金产品零售；五金产品批发；文 化、办公用设备制造；建筑材料销售；食品销售（仅销售预包装食品）。（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）。 ...

Group 1: Report Overview - The report is a pulp morning report released on August 13, 2025, by the energy and chemical team of the research center [2] Group 2: SP Main Contract Information - The closing price of the SP main contract on August 12, 2025, was 5264.00 [3] - The closing prices on previous days were 5246.00 (August 11), 5162.00 (August 8), 5186.00 (August 7), and 5170.00 (August 6) [3] - The corresponding US dollar - converted prices were 639.19, 637.80, 627.38, 630.76, and 627.72 respectively [3] - The daily price changes were 0.34312% (August 12), 1.62728% (August 11), - 0.46278% (August 8), 0.30948% (August 7), and 0.19380% (August 6) [3] - The basis of Shandong Yinxing was 586 (August 12), 604 (August 11), 673 (August 8), 624 (August 7), and 640 (August 6) [3] - The basis of Jiangsu, Zhejiang, and Shanghai Yinxing was 636 (August 12), 654 (August 11), 738 (August 8), 714 (August 7), and 730 (August 6) [3] Group 3: Import Profit and Price Information - With a 13% VAT calculation, for Canadian pulp: the CFR price of Golden Lion was 780 US dollars, the RMB price in Shandong was 6450, and the import profit was 42.73; the CFR price of Lion was 730 US dollars, the RMB price in Shandong was 5600, and the import profit was - 401.03 [4] - For Chilean pulp, the CFR price of Silver Star with a 90 - day letter of credit was 720 US dollars, the RMB price in Shandong was 5850, and the import profit was - 69.78 [4] Group 4: Pulp and Paper Price and Margin Information - From August 6 to August 12, 2025, the national average prices of softwood pulp, hardwood pulp, natural pulp, and chemimechanical pulp remained unchanged at 6073.75, 4810.75, 5415.00, and 3686.25 respectively; the average prices in Shandong also remained unchanged [4] - The indices of cultural paper (double - offset and double - copper), packaging paper (white card), and living paper remained unchanged from August 7 to August 12, 2025 [4] - The estimated profit margins of double - offset paper decreased from 6.4302% on August 7 to 5.3503% on August 12; double - copper paper decreased from 24.2360% to 22.6786%; white card paper remained at - 12.0732%; and living paper decreased from 8.3301% to 7.4897% [4] Group 5: Pulp Price Difference Information - The price differences between softwood and hardwood pulp, softwood and natural pulp, softwood and chemimechanical pulp, and softwood and waste paper pulp from August 6 to August 12, 2025, showed some changes. For example, the softwood - hardwood price difference was 1685.00 on August 12 [4]

Core Viewpoint - The announcement details the pledge of shares by the controlling shareholder, Shandong Bohui Group Co., Ltd., and its affiliates, indicating a significant portion of shares has been pledged without affecting the company's operations or governance [2][4]. Summary by Sections Shareholding and Pledge Details - As of the announcement date, Bohui Group and its affiliates hold 652,871,937 shares, representing 48.84% of the total share capital. After the pledge, the total pledged shares amount to 453,756,958, which is 69.50% of their holdings and 33.94% of the total share capital. The remaining unpledged shares are 199,114,979, all of which are tradable [2][3]. Pledge Conditions - The pledged shares are not used as collateral for major asset restructuring or performance compensation [2]. - Bohui Group has 10,000,000 shares maturing in the next six months, accounting for 2.59% of their total shares and 0.75% of the total share capital, with a corresponding financing balance of 18.4 million yuan. Additionally, 156,456,958 shares will mature within the next year, representing 40.59% of their holdings and 11.70% of the total share capital, with a financing balance of 330.12 million yuan [3]. Financial Capability and Impact - Bohui Group has the financial capability to repay the pledged shares, with sources of repayment including operational profits, own funds, stock dividends, and investment income [3]. - The share pledge will not impact the company's main business, financing costs, or ongoing operations. There will be no changes in the board of directors, and the control and governance structure of the company remain stable [4][5].

证券日报网讯龙利得（300883）8月12日在互动平台回答投资者提问时表示，截至2025年8月8日公司股 东总户数为19，175户，股东人数随着交易进行实时更新，请谨慎正确看待股东人数变化。 ...

Group 1: Report Information - The report is the Nanhua Pulp Industry Risk Management Daily, dated August 12, 2025 [1] Group 2: Price Forecast and Hedging Strategy - The monthly price range forecast for pulp is 4900 - 5400 yuan/ton, with a current 20 - day rolling volatility of 19.03% and a 3 - year historical percentile of 58.0% [2] - For inventory management with high - level softwood pulp inventory, it is recommended to short pulp futures (sp2509) at 25% hedging ratio in the range of 5200 - 5300 yuan/ton to lock in profits and cover production costs [2] - For procurement management when paper - making enterprises have low inventory, it is recommended to buy pulp futures (sp2509) at 25% hedging ratio in the range of 4900 - 5100 yuan/ton to lock in procurement costs [2] Group 3: Core Contradiction and Spot Prices - The main contract closed at 5264 (+38) today [3] - In the spot market, Shandong Yinxing is quoted at 5850 yuan/ton (+0), Shandong Russian Needle at 5250 yuan/ton (-0), and Shandong Jinyu at 4150 yuan/ton (-0) [4] - Asia - Pacific Senbo announced a 150 - yuan/ton increase in the acceptance price of hardwood pulp for long - term contract customers only due to rising costs [4] - Market trading sentiment has improved, and downstream paper mills maintain rigid procurement [4] Group 4: Market Analysis and Strategy - The market currently lacks obvious driving factors, but the fundamentals of pulp have marginally improved with the approaching downstream consumption peak season, overseas mill production cuts, and inventory reduction. It is recommended to go long on far - month contracts at low prices [5] Group 5: Price Quotes - Futures contracts: SP2509 closed at 5216 yuan/ton on August 12, 2025, up 14 yuan/ton from a week ago with a 1.1% increase; SP2511 closed at 5264 yuan/ton, up 18 yuan/ton from the previous day and 18 yuan/ton from a week ago with a 2% increase; sp2601 closed at 5488 yuan/ton, up 16 yuan/ton from the previous day and 84 yuan/ton from a week ago with a 1.55% increase [7][10] - CFR quotes: Softwood pulp was 870 US dollars/ton on August 11, 2025, unchanged; hardwood pulp was 820 US dollars/ton, unchanged [10] - Domestic spot prices: Various types of softwood and hardwood pulp, chemical mechanical pulp, and natural pulp have different price quotes, with some showing slight increases or remaining stable; domestic finished paper prices also vary, with white卡纸 down 2.29% week - on - week and some other papers showing small changes [9]

天眼查App显示，近日，四川翰林纸业有限责任公司成立，法定代表人为王开翰，注册资本50万人民 币，经营范围为一般项目：纸制品制造；纸制品销售；广告制作；包装材料及制品销售；平面设计；医 用包装材料制造；货物进出口；办公服务；办公用品销售；文具用品零售。（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）。 ...