| | ■特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 □业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | □现场参观 □其他 | | 参与单位名称 | 深圳辰锋科技创业投资有限公司、中财招商投资集团有限公司、葡萄牙商业 | | | 银行股份有限公司广州代表处、招商证券股份有限公司 | | 时间 | 2025 年 7 月 2 日 14:00-15:00 | | 地点 | 公司会议室 | | 上市公司接待人 | 董事会秘书吴小霜女士 | | 员姓名 | 证券事务代表 谢海桐女士 | | 投资者关系活动 | 交流主要内容包括： | | | 董事会秘书介绍了公司发展历史、公司经营模式及公司主营业务等情况，并进 | | | 行交流。 | | | 1、公司产品品类未来的增速和发展空间？ | | | 【回复】公司将在继续提升原有主要产品品类销量的基础上，积极推动新型 | | 主要内容介绍 | 拉环盖和调味品盖、应用于其他领域的包装产品等产品品类的拓展。 | | | 在上市之前，公司主要生产包装饮用水的瓶盖，品类较少，通过并购翔 | | | 兆科技和开拓新 ...

Core Viewpoint - Turkey's unique geographical position serves as a crucial bridge between Europe and Asia, presenting both opportunities and challenges for Chinese paper packaging companies in the Turkish market [1] Market Opportunities - The upcoming Paper Eurasia exhibition in May 2026 will provide a significant platform for Chinese companies to showcase their products and engage with local customers [1] - Understanding Turkish customs data allows Chinese paper packaging companies to accurately gauge the demand scale and trends for paper packaging products in Turkey [1][16] Product Development - The increasing import volume of eco-friendly paper packaging products for food indicates a growing consumer focus on environmental protection and food safety in Turkey [1][16] - Companies can adjust their production focus towards developing biodegradable and pollution-free materials, enhancing packaging design, and improving product sealing and preservation to meet specific market demands [3][16] Pricing Strategy - By analyzing the price range of imported products, companies can formulate competitive pricing strategies, optimizing production processes to offer cost-effective products or investing in high-end custom packaging for premium markets [5][12] Regional Market Insights - Different economic development levels and consumption habits across Turkey's regions lead to varying demands for paper packaging products [6][8] - Coastal industrial cities require robust industrial packaging, while inland consumer cities prioritize aesthetic and functional small packaging [8][10] Marketing Strategies - Companies should enhance brand promotion and marketing efforts in inland consumer cities, incorporating local cultural elements into packaging design to meet consumer preferences [10] - For coastal industrial cities, collaboration with local industries to provide customized industrial packaging solutions is essential [11] Competitive Analysis - Understanding the competitive landscape through customs data helps companies identify key competitors and their product characteristics, enabling strategic adjustments to enhance innovation and quality [12][14] - Collaborating with local Turkish paper packaging companies can leverage their established sales channels and customer relationships, creating mutually beneficial opportunities [15] Future Trends - Long-term import data analysis can reveal emerging market demands for materials, functions, and designs in paper packaging [16] - The anticipated rise in demand for biodegradable packaging and the integration of smart packaging technologies, such as QR codes and sensors, can enhance product value and market positioning [17]

Group 1 - The company, Hangzhou Yongchuang Intelligent Equipment Co., Ltd., has issued convertible bonds with a total duration of 6 years, from August 4, 2022, to August 3, 2028 [2][3] - The bond has a tiered interest rate structure, starting at 0.30% in the first year and increasing to 2.50% in the sixth year [3][5] - The initial conversion price for the bonds is set at 14.07 CNY per share, which has been adjusted to 9.69 CNY per share following a cash dividend distribution [3][8] Group 2 - The company maintains a credit rating of AA- with a stable outlook, indicating a competitive position in the packaging machinery industry and positive revenue growth due to the recovery in the food and beverage sector [6][9] - The company faces challenges such as declining profitability, increased debt levels, and risks related to inventory and accounts receivable [6][9] - The bond trustee, Guotai Junan Securities, will continue to monitor the company's ability to meet its debt obligations and will communicate with the issuer regarding any significant matters affecting bondholders [9]

"消费市场持续复苏",以包装、跨境社交电商为主业的吉宏股份（002803）观察到这一现象。今年上半 年，吉宏股份预计归母净利润同比增长55%至65%。 7月2日，吉宏股份发布的业绩预告显示，2025年半年度公司实现归母净利润为盈利1.12亿元至1.19亿 元，比上年同期增长55%至65%。扣除非经常性损益后，吉宏股份净利润增幅进一步提升至68%至 79%。 对于业绩增长原因，吉宏股份介绍道，随着消费市场持续复苏，带动下游客户包装需求稳步增长，受益 于与快消品细分领域行业龙头企业长期战略合作的良好基础，公司通过集团化精细管理，运营和资源利 用效率不断提高，盈利能力显著提升。 此外，在跨境社交电商业务方面，吉宏股份不断完善供应链管控系统，保持高水平的数字化运营能力。 与此同时，公司继续深化销售区域拓展及业务模式复制，营收规模与利润实现较大幅度增长，促进公司 整体业绩进一步提升。 2024年，吉宏股份业绩走低，全年归母净利润同比下滑超47%。吉宏股份表示，受整体社会经济环境、 通货膨胀及汇率波动频繁等因素影响，去年各国家/地区消费信心不足、消费意愿降低，行业市场竞争 日益激烈，包装业务下游客户销售增速放缓，订单增长 ...

Core Viewpoint - The actual controller of Dongfang Materials may change due to the judicial auction of shares held by its controlling shareholder Xu Guangbin, which has significantly reduced his stake from 5.43% to 1.93% [1] Group 1: Company Ownership Changes - Xu Guangbin's 702.41 million shares were auctioned, leading to a potential change in the company's controlling shareholder [1] - Jiangsu Teliang New Materials Technology Co., Ltd. and its concerted party, Wuxi Hongsheng Dingrong Investment Management Partnership, have become the largest shareholders of Dongfang Materials [1] - Teliang is a subsidiary of Kosen Technology, and its actual controller Xu Zhengliang has been listed as a restricted consumer due to legal issues [1][2] Group 2: Financial Performance of Teliang - Teliang's revenue fluctuated from 367 million yuan in 2022 to 264 million yuan in 2023, and then increased to 385 million yuan in 2024; net profit also saw a similar trend [4] - Teliang's products have been certified and applied by well-known companies in the electronics and semiconductor sectors [2] Group 3: Xu Guangbin's Financial Issues - Xu Guangbin's debt problems have led to a significant reduction in his control over Dongfang Materials, with his debts amounting to approximately 45 million yuan in overdue payments [5] - He is involved in multiple legal disputes, with a total amount of approximately 1.279 billion yuan related to ongoing litigation or arbitration [5] Group 4: Future Governance and Investor Concerns - Despite Xu Guangbin's reduced shareholding, he still controls the board with five out of nine seats [5] - Investors have raised questions regarding the timing of the new major shareholder's exit and potential adjustments in the board of directors, but the company has not provided responses [5][7]

Core Viewpoint - Opposition to excessive packaging does not imply a reduction in quality or a rejection of design, nor does it mean that the packaging industry's "cake" will shrink [1] Industry Overview - The packaging industry serves as a crucial link between manufacturing and consumption, representing an important "supporting industry" in the national economy [1] - Emphasizing green development in the packaging sector can also create new opportunities for high-quality growth [1] Market Size - The global packaging market exceeds one trillion dollars, with plastics and paper accounting for approximately half of this market [1]

拆包装像"闯关游戏"，纸箱里面是泡沫盒，泡沫盒里有礼盒，礼盒里面是铁盒，铁盒里面还有拉菲草和 塑料袋……商品包装追求"高端""奢华"，看似精美，实则无用，令消费者备受困扰。 前不久，中国消费者协会等7家协会联合发出倡议，反对商品过度包装，推动绿色文明消费，确保商品 包装合规合理。有数据显示，我国包装废弃物约占城市生活垃圾的30%—40%。仅纸制包装，每生产1 吨就需消耗约20棵树龄20至40年的树木和500吨水资源。商品过度包装，拆封即被丢弃，助长铺张之 气、奢靡之风，也造成资源浪费、环境污染。遏制过度包装，看似事情不大，实则意义不小。 近年来，我国加大对商品过度包装的治理力度，从出台一系列强制性国家标准，到加强线上线下常态化 监管执法，再到端午节、中秋节、春节等重要节日前后开展专项整治，治理成效显著。去年，500元以 上的月饼礼盒已基本退出市场，电商快件不再二次包装比例超过95%，智能装箱技术让包装耗材减量达 到20%。也要看到，现实中商品过度包装远没有绝迹，治理还要常抓不懈。 （文章来源：人民日报） 奢华的包装暗含"面子"，往往与违规收送礼、高档礼品套现等问题相关联，扭曲了消费的意义。像包装 精美的高档茶 ...

Core Viewpoint - The supervisory board of Guangzhou Dayilong Packaging Machinery Co., Ltd. has verified the list of individuals eligible for the second unlock period of the restricted stock incentive plan, confirming compliance with relevant laws and regulations [1][2]. Group 1: Compliance with Regulations - The company meets the conditions set forth in the "Incentive Plan (Draft)" and relevant laws for implementing the stock incentive plan, confirming its eligibility to execute the plan [1]. - The supervisory board has determined that the incentive objects do not fall under any disqualifying conditions outlined in the regulations, such as being deemed inappropriate candidates by the stock exchange or the China Securities Regulatory Commission (CSRC) within the last 12 months [1][2]. Group 2: Eligibility of Incentive Objects - The individuals eligible for the second unlock period possess the qualifications required by the Company Law and other relevant regulations, and they are all current employees with formal labor or employment relationships with the company [2]. - The incentive plan excludes independent directors, supervisors, and shareholders or actual controllers holding 5% or more of the company's shares, along with their immediate family members [2].

Industry Overview - The packaging industry in China has undergone rapid development, establishing significant production scale and becoming an essential part of the manufacturing sector [1] - The policy development of the packaging industry can be divided into three stages: initial growth before the 12th Five-Year Plan, a shift towards green packaging from 2010 to 2020, and a rapid development phase since 2021 focusing on sustainable packaging strategies and digital transformation [1] Market Share - In 2024, plastic and paper packaging combined will account for over half of the market share, with plastic packaging generating revenue of 562 billion yuan (27.19%) and paper packaging generating 547.6 billion yuan (26.50%) [3] Company Performance - Key players in the packaging industry include Shandong Pharmaceutical Glass, Double Star New Materials, and others, with diverse business layouts covering regions such as North America, Europe, Japan, and Southeast Asia [5] - Shandong Pharmaceutical Glass and Zhengchuan Co. are leading domestic glass packaging manufacturers, while companies like Dashing and Wanshun New Materials focus on paper packaging [5] Revenue Analysis - The revenue performance of major packaging companies in 2024 includes: - Jiamei Packaging: 3.2 billion yuan - Baosteel Packaging: 8.318 billion yuan - Wanshun New Materials: 657.9 million yuan - Dashing: 2.131 billion yuan [10][11] Product Categories - The packaging industry is categorized into various segments, including plastic, paper, metal, glass, and wood packaging, with representative companies in each category [9] - The industry chain is well-structured, with upstream raw material suppliers and midstream packaging manufacturers working closely together [9]

新华财经上海7月1日电（林郑宏）A股上半年行情昨日收官，上半年十大熊股名单也随之出炉。据新华 财经统计，目前，上半年跌幅前10个股中有7只已进入退市整理期，其中人乐退上半年跌近95%，最新 总市值已不到1.5亿元。 | 代码 | 名称 | 所属行业 | 今年涨幅% | | --- | --- | --- | --- | | 000627 | 天茂集团 | 保险 | -41.33 | | 000759 | 中百集团 | 商业百货 | -40.52 | | 300025 | 华星创业 | 通信服务 | -35.44 | | 603516 | 淳中科技 | 计算机设备 | -34.76 | | 300225 | 金力泰 | 化学制品 | -34.67 | | 600579 | 中化装备 | 专用设备 | -34.51 | | 688408 | 中信博 | 光伏设备 | -34.26 | | 605158 | 华达新材 | 钢铁行业 | -33.97 | | 301062 | 上海艾灵 | 包装材料 | -33.79 | | 300751 | 迈为股份 | 光伏设备 | -33.47 | 上半年A股跌幅前十大个股（排 ...