此次评价旨在筛选符合创新驱动发展战略需求的高水平研发平台，其核心目标直指推动关键技术突破和产业升级，为行业的发 展指明方向。亚太森博山东公司作为依托单位，与齐鲁工业大学(山东省科学院)这一共建单位携手，于2023年成功获批"低碳清 洁浆纸生产技术及资源循环利用山东省工程研究中心"，这一合作模式是产学研深度融合的生动实践，为技术的研发与转化奠定 了坚实基础。 一直以来，亚太森博山东公司都将技术创新视为推动企业发展的核心动力，在低碳清洁浆纸生产技术领域投入大量的人力、物 力和财力，开展了一系列前沿研究与实践。通过自主研发与产学研合作相结合的方式，成功攻克了多项关键技术难题，在降低 生产过程中的碳排放、提高资源利用率等方面取得了显著成果，为浆纸行业的绿色发展树立了标杆。 此次评价通过，是对公司在技术创新和资源循环利用方面所取得成就的高度认可，更是对公司在推动行业绿色转型过程中所做 贡献的充分肯定。 未来，公司将继续秉承绿色发展理念，依托省级工程研究中心平台，进一步加大研发投入，不断提升技术创新能力，为推动浆 纸行业的绿色低碳高质量发展贡献更大的力量。 7月31日，亚太森博(山东)浆纸有限公司"低碳清洁浆纸生产技术及 ...

2024年1至12月份，山鹰国际的营业收入构成为：造纸占比68.09%，包装占比24.06%，商品流通占比 6.89%，其他占比0.96%。 山鹰国际（SH 600567，最新价：1.92元）8月1日晚间发布公告称，截至2025年7月31日，公司已通过集 中竞价交易方式累计回购股份约6061万股，占公司总股本的1.11%，回购成交的最高价为1.96元/股，最 低价为1.91元/股，支付的资金总额约为1.17亿元。 （文章来源：每日经济新闻） ...

Core Viewpoint - The company confirmed that the production base in Shandong Shouguang is set to resume operations following the approval of a syndicated loan specifically for the purpose of restarting production [1] Group 1 - The company has completed the approval process for the syndicated loan aimed at facilitating the resumption of operations [1] - The company is currently working on fulfilling the conditions for loan disbursement and signing the loan agreement [1] - Once the loan funds are secured, the company will be able to push forward with the resumption of operations at the Shouguang base [1]

1. Report Industry Investment Rating No information provided. 2. Core Views of the Report - The pulp market is expected to be weakly stable with oscillations in the short - term. The high inventory on the supply side and the weak demand during the traditional off - season are putting pressure on the market. Attention should be paid to the sustainability of policy implementation and the arrival of goods at major ports [77][78]. 3. Summary According to the Table of Contents Industry News - As of July 31, 2025, the pulp inventory at Changshu Port was 514,000 tons, a decrease of 62,000 tons (10.8% MoM); at Qingdao Port, it was 1,405,000 tons, an increase of 43,000 tons (3.2% MoM); at Gaolan Port, it was 70,000 tons, a decrease of 11,000 tons (13.6% MoM). The total inventory of major ports was 2,105,000 tons, a decrease of 38,000 tons (1.8% MoM) [6]. - Shandong Yinhe Ruixue Paper plans to build a 300,000 - ton pulping project, with a total investment of 2,207.94 million yuan, scheduled to start in January 2026 and be put into production in December 2027 [6]. Market Data - On August 1, 2025, the basis of Silver Star was 664 yuan/ton (66% MoM, 82.42% YoY), the basis of Russian Needle was 114 yuan/ton (670% MoM, 416.67% YoY), and the price difference between Silver Star and Russian Needle was 550 yuan/ton (30.95% MoM, 37.5% YoY) [15]. - On August 1, 2025, the 09 - 11 month - spread was - 6 yuan/ton (- 106.38% MoM), and the 11 - 01 month - spread was - 224 yuan/ton (- 53.42% MoM) [20]. Fundamental Data - **Price: Softwood - Hardwood Price Difference and Import Profit** - On August 1, 2025, the price difference between Silver Star and Goldfish was 1,730 yuan/ton (- 2.26% MoM, 73% YoY), and the price difference between Russian Needle and Goldfish was 1,180 yuan/ton (- 12.59% MoM, 96.67% YoY) [29]. - On August 1, 2025, the import profit of Silver Star was - 46.91 yuan/ton (- 259.84% MoM, 67.76% YoY), and the import profit of Star was 0.48 yuan/ton (- 98.63% MoM, 100.18% YoY) [35]. - **Price: Softwood Pulp** - On August 1, 2025, the prices of Silver Star, Cariboo, Northern Pine, Lion Brand, and Russian Needle were 5,850 yuan/ton, 5,950 yuan/ton, 6,150 yuan/ton, 5,950 yuan/ton, and 5,300 yuan/ton respectively, with varying MoM and YoY changes [36]. - **Price: Hardwood Pulp** - On August 1, 2025, the prices of Goldfish, Star, Bird, and Broadleaf were 4,120 yuan/ton, 4,120 yuan/ton, 4,100 yuan/ton, and 4,100 yuan/ton respectively, with varying MoM and YoY changes [43]. - **Price: Natural Color Pulp and Chemimechanical Pulp** - On August 1, 2025, the prices of Venus and Kunhe were 5,000 yuan/ton and 3,700 yuan/ton respectively, with no MoM change and different YoY changes [47]. - **Supply** - In June 2025, the European port inventory was 1.56 million tons (1.89% MoM, 34.72% YoY), and the global pulp shipment volume in May was 4.155 million tons (1.91% MoM, - 9.18% YoY) [49]. - In June 2025, the pulp import volume was 3.031 million tons (4.2% YoY), including 1.435 million tons of hardwood pulp (11% MoM) [77]. - **Demand** - On August 1, 2025, the capacity utilization rates of white cardboard, tissue paper, offset paper, and coated paper were 72.68%, 63.2%, 55.44%, and 57.88% respectively, with varying MoM and YoY changes [56]. - The prices of major finished papers were at a low level this year, and the terminal consumption had no new incremental demand [78]. - The profits of white cardboard, offset paper, and coated paper decreased, while the profit of tissue paper increased [65]. - **Inventory** - On August 1, 2025, the warehouse receipt quantity of pulp in warehouses was 235,400 tons (- 0.45% MoM, - 49.14% YoY), and in factories was 19,200 tons (0% MoM, - 42.05% YoY) [66]. - On August 1, 2025, the inventory at Qingdao Port was 1,405,000 tons (3.16% MoM, 29.49% YoY), at Changshu Port was 514,000 tons (- 10.76% MoM, 5.54% YoY), and the total inventory of five ports was 2,105,000 tons (- 1.77% MoM, 18.06% YoY) [74]. This Week's View Summary - **Supply**: The inventory of major ports decreased in July, and the import volume remained high. China plans to add 3.206 million tons of pulp production capacity in the second half of 2025 [77]. - **Demand**: The traditional off - season effect is prominent, with a decrease in monthly pulp consumption and low prices of base paper [78]. - **View**: The market is expected to be weakly stable with oscillations in the short - term. Attention should be paid to policy implementation and the arrival of goods at major ports [78]. - **Valuation**: The basis of Silver Star in Shandong increased by 46 yuan/ton. - **Strategy**: Short - term near - month contracts are weak, far - month contracts may be stable; consider reverse arbitrage [79].

Group 1 - The company, Shanying International, announced plans to establish Wuhu Shengying Enterprise Management Consulting Partnership with a capital contribution of 2.977 billion RMB through the transfer of equity from its subsidiary [1] - The company aims to introduce long-term investors, including China Orient Asset Management, Caixin Jixiang Life Insurance, Xinda Capital Management, and Zibo Hengtie Investment Partnership, with a total transfer amount not exceeding 747.5 million RMB [4] - This transaction is expected to attract state-owned capital and insurance funds, which will help promote the integrated paper packaging business and enhance the company's sustainable development capabilities and core competitiveness [4] Group 2 - The transaction does not constitute a related party transaction or a major asset restructuring, and it is subject to the signing of specific agreements by the parties involved, indicating some uncertainty in the implementation process [6]

Core Viewpoint - The company has approved a share repurchase plan to enhance employee stock ownership and equity incentive programs, with a total repurchase fund adjusted to between RMB 11 million and RMB 16 million [2]. Group 1: Share Repurchase Plan - The company plans to repurchase its A-shares using its own funds through centralized bidding, with a total repurchase fund not less than RMB 11 million and not exceeding RMB 16 million [2]. - The maximum repurchase price is set at RMB 9.77 per share, with an estimated repurchase quantity ranging from approximately 3,070,625 shares to 6,141,248 shares based on the upper and lower limits of the repurchase fund [1]. - The implementation period for the repurchase plan is from April 2, 2025, to April 1, 2026 [1]. Group 2: Progress of Share Repurchase - As of July 31, 2025, the company has repurchased a total of 11,084,600 shares, accounting for 0.86% of the total share capital, with a total transaction amount of RMB 75,968,071 [3]. - The highest transaction price recorded was RMB 7.15 per share, while the lowest was RMB 6.01 per share [3]. Group 3: Compliance and Regulations - The company has adhered to the relevant regulations regarding share repurchase, ensuring that the repurchase does not occur during significant events that could impact stock prices [4]. - The repurchase transactions comply with the requirements set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange [4].

Group 1 - The core point of the news is that Fujian Taisheng Industrial Co., Ltd. has pledged 100 million shares of Shanying International, accounting for 1.83% of the total share capital, to Fuzhou Financial Supply Chain Group Co., Ltd. [1] - As of the announcement date, Fujian Taisheng has cumulatively pledged 722 million shares, which is 53.85% of its total holdings, while shareholder Wu Mingwu has pledged 5.63 million shares, representing 99.98% of his total holdings [1] - The cumulative pledged shares of the top ten shareholders of Shanying International after this pledge will be calculated based on the latest financial report [1] Group 2 - Shanying International's Q1 2025 report shows a main revenue of 6.766 billion yuan, a year-on-year increase of 1.45%, while the net profit attributable to shareholders decreased by 16.0% to 32.81 million yuan [3] - The company's non-recurring net profit is -44.33 million yuan, a year-on-year decline of 186.4%, with a debt ratio of 68.76% and investment income of -3.27 million yuan [3] - The company operates in the production and sales of boxboard paper, corrugated base paper, specialty paper, paperboard, and paper packaging products, as well as domestic and international fiber recycling trade [3]

Core Viewpoint - On August 1, the company announced that it has repurchased a total of 60,614,500 shares through centralized bidding transactions as of July 31, 2025 [2] Summary by Relevant Categories - **Share Repurchase** - The company has completed a share repurchase of 60,614,500 shares [2]

证券日报网讯 8月1日晚间，中顺洁柔发布公告称，截至2025年7月31日，公司通过回购专用证券账户以 集中竞价交易方式累计回购公司股份11，084，600股，占公司目前总股本的0.86%。 （文章来源：证券日报） ...

4月30日公司发布的一季报数据显示，一季度公司共实现营业收入1.02亿元，同比下降28.28%，实现净 利润-1800.98万元。 7月15日公司发布上半年业绩预告，预计实现净利润-5200.00万元至-4000.00万元。（数据宝） 松炀资源8月1日交易公开信息 松炀资源(603863)今日涨停，全天换手率11.07%，成交额3.96亿元，振幅11.02%。龙虎榜数据显示，营 业部席位合计净买入1524.01万元。 上交所公开信息显示，当日该股因日涨幅偏离值达10.38%上榜，营业部席位合计净买入1524.01万元。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交1.03亿元，其中，买入成交额为5906.49 万元，卖出成交额为4382.48万元，合计净买入1524.01万元。 具体来看，今日上榜营业部中，第一大买入营业部为上海证券有限责任公司深圳深湾二路证券营业部， 买入金额为1363.99万元，第一大卖出营业部为中信证券股份有限公司上海分公司，卖出金额为1224.98 万元。 资金流向方面，今日该股主力资金净流入7536.71万元，其中，特大单净流入6418.20万元，大单资金净 流入1118 ...