股票代码：600356 股票简称：恒丰纸业 编号：2025-026 牡丹江恒丰纸业股份有限公司 关于取消监事会并修订公司章程 及部分制度的公告 二、修订《公司章程》的情况 公司结合实际情况，同时为进一步完善公司治理结构，更好地促进规范运作，根据《中华人民共和国公 司法（2023 年修订）》《上市公司章程指引（2025年修订）》等相关规定，公司拟对《牡丹江恒丰纸 业股份有限公司章程》部分条款进行修订，具体修订内容如下： ■■■ ■ 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担个别及连带责任。 牡丹江恒丰纸业股份有限公司（以下简称"公司"）于2025年5月23日召开十一届董事会第十次会议，审 议通过了《关于取消监事会并修订〈公司章程〉及部分制度的议案》，现将具体情况公告如下： 一、取消监事会并修订《公司章程》的原因及依据 根据《中华人民共和国公司法（2023 年修订）》《上市公司章程指引（2025年修订）》等相关规定， 为确保公司治理与监管规定保持一致，提升公司治理水平，结合公司实际情况，公司将取消监事会，监 事会的职权由董事会审计委员会 ...

Core Points - The company announced a cash dividend of 0.25 RMB per share for its A shares, totaling 119,225,170.25 RMB (including tax) based on a total share capital of 476,900,681 shares [1][2] - The dividend distribution plan was approved at the annual shareholders' meeting held on May 6, 2025 [1] - Key dates for the dividend distribution include the record date on May 28, 2025, the last trading day on May 29, 2025, and the ex-dividend date also on May 29, 2025 [2] Dividend Distribution Details - The cash dividends will be distributed through the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, to shareholders registered by the close of trading on the record date [2][3] - For individual shareholders holding unrestricted circulating shares, the actual cash dividend after tax will be 0.25 RMB per share, with tax obligations calculated upon the transfer of shares [3][4] - For shareholders holding restricted shares, a 10% withholding tax will apply, resulting in an actual cash dividend of 0.225 RMB per share [5][6] Taxation Policies - Individual shareholders holding shares for less than one year will not have tax withheld at the time of dividend distribution, but will be subject to tax upon selling the shares [3] - Qualified Foreign Institutional Investors (QFIIs) will also have a 10% withholding tax applied, resulting in a net dividend of 0.225 RMB per share [5][6] - Other institutional investors will not have tax withheld by the company, and they are responsible for their own tax obligations [6]

注：上一日汇率 - 7.21 纸浆早报 研究中心能化团队 2025/05/22 SP主力合约收盘价： 5420.00 | 日期 | 2025/05/21 | 2025/05/20 | 2025/05/19 | 2025/05/16 | 2025/05/15 | | --- | --- | --- | --- | --- | --- | | 主力合约收盘价 | 5420.00 | 5410.00 | 5390.00 | 5356.00 | 5386.00 | | 折美元价 | 656.98 | 654.46 | 652.75 | 649.37 | 652.20 | | 距上一日涨跌 | 0.18484% | 0.37106% | 0.63480% | -0.55700% | 0.14875% | | 山东银星基差 | 880 | 890 | 935 | 944 | 914 | | 江浙沪银星基差 | 880 | 890 | 910 | 944 | 914 | 以13%增值税计算 | 产地 | 品牌 | 价格说明 | 港口美元价格 | 山东地区人民币价格 | 进口利润 | | --- | --- | --- | ...

宜宾纸业（600793）发布股票交易风险提示性公告，公司股票自2025年5月19日起连续三个交易日涨 停，累计涨幅已达33.09%，公司股票短期内涨幅较大。公司提醒广大投资者理性投资，注意投资风 险。 ...

Investment Rating - The report maintains a "Recommended" rating for the company with a target price of 16.1 yuan per share [2][8]. Core Insights - The company reported a revenue of 1.08 billion yuan and a net profit attributable to shareholders of 30 million yuan for 2024, showing a slight revenue decline of 0.3% year-on-year but a significant net profit increase of 54.4% [2][4]. - In Q1 2025, the company achieved a revenue of 280 million yuan, with a net profit of 20 million yuan, reflecting a 1.0% decline in revenue but a 1.4% increase in net profit year-on-year [2][4]. - The company continues to optimize its cost structure and accelerate the cultivation of its own brand, with a focus on adult incontinence products, baby care, and pet hygiene products [2][8]. Financial Performance Summary - For 2024, the total revenue is projected to be 1,079 million yuan, with a year-on-year growth rate of -0.3%. The net profit is expected to reach 31 million yuan, with a growth rate of 54.4% [4][9]. - The company anticipates revenue growth of 6.8% in 2025, reaching 1,152 million yuan, and a net profit of 32 million yuan, with a growth rate of 3.5% [4][9]. - The gross margin for 2024 is reported at 20.8%, an increase of 3.1 percentage points year-on-year, attributed to improved cost structure [8][9]. Product and Market Development - The company has developed a range of new products, including specialized series for institutions and seasonal products, with new product sales expected to approach 40 million yuan in 2024 [8]. - During the Double Eleven shopping festival, the company's own brand adult diapers achieved an online GMV exceeding 70 million yuan, with a year-on-year growth of over 20% [8]. Future Projections - The company is expected to achieve net profits of 32 million yuan in 2025, 51 million yuan in 2026, and 68 million yuan in 2027, with corresponding P/E ratios of 127, 80, and 60 [8][9].

Core Viewpoint - The merger and acquisition activities in the industry remain active, with Yibin Paper achieving significant stock price increases and showing signs of operational improvement after strategic acquisitions [1][12]. Stock Performance - Yibin Paper's stock has seen a cumulative increase of nearly 40% over the past four trading days, with the stock price doubling since April 9, currently approaching the previous high of 30.98 yuan per share [2][10]. - The latest trading session recorded a closing price of 30.49 yuan per share, with a total market capitalization of 5.394 billion yuan [1]. Trading Activity - The stock has been actively traded by well-known retail investors and quantitative funds, with notable transactions including a net purchase of 41.38 million yuan by investor Chen Xiaoqun [4][5]. - The stock experienced unusual trading activity, with a cumulative price deviation exceeding 20% over three consecutive trading days [6]. Financial Performance - Yibin Paper reported a revenue of 2.238 billion yuan for the previous year, a decline of 8.34% year-on-year, and a net loss of 128 million yuan, a significant drop of 687.7% [10][11]. - In Q1 of the current year, the company showed signs of recovery, achieving a revenue of 612 million yuan, a year-on-year increase of 9.51%, and a net profit of 16.03 million yuan, up 99.8% [10][12]. Strategic Acquisitions - The improvement in Yibin Paper's performance is attributed to the acquisition of a 67% stake in Push Acetate Fiber, which has led to increased gross margins and sales in the acetate fiber product line [12]. - Push Acetate Fiber is one of the few companies globally with acetate fiber production technology, filling a domestic gap in the market [12]. Ownership and Future Prospects - Yibin Paper is backed by state-owned assets, with its controlling shareholder being Wuliangye Group, which has a strong portfolio of quality assets [14][15]. - There are expectations for further mergers and acquisitions, given Yibin Paper's position as one of the two listed companies under Wuliangye Group [15].

纸浆早报 研究中心能化团队 2025/05/21 SP主力合约收盘价： 5410.00 注：上一日汇率 - 7.22 美元价格以及人民币价格均采用卓创数据，以13%增值税计算 | 日期 | | | 全国均价 | | | | 山东地区均价 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 针叶浆 | 阔叶浆 | 本色浆 | 化机浆 | 针叶浆 | 阔叶浆 | 本色浆 | 化机浆 | | 2025/05/14 | 6073.75 | 4810.75 | 5415.00 | 3686.25 | 6245.00 | 4775.00 | 5400.00 | 3600.00 | | 2025/05/15 | 6073.75 | 4810.75 | 5415.00 | 3686.25 | 6245.00 | 4775.00 | 5400.00 | 3600.00 | | 2025/05/16 | 6073.75 | 4810.75 | 5415.00 | 3686.25 | 6245.00 | 4775.00 | 5400.00 | 3600.0 ...

Core Points - The company announced a cash dividend of CNY 0.03014 per share (before tax) for the fiscal year 2024, totaling CNY 52,973,095.12 (before tax) to be distributed to all shareholders registered by the end of the trading day on the Shanghai Stock Exchange [1][2][3] Distribution Plan - The dividend distribution is based on a total share capital of 1,757,567,854 shares [1] - The distribution will be executed through the China Securities Depository and Clearing Corporation Limited Shanghai Branch, with shareholders able to receive their dividends at their designated securities firms on the payment date [1] Taxation Details - For individual shareholders holding shares for over one year, the dividend income is exempt from personal income tax, resulting in a net cash dividend of CNY 0.03014 per share [3] - For shares held for one year or less, the company will not withhold personal income tax at the time of distribution; however, tax will be calculated and deducted upon the transfer of shares [3] - The effective tax burden varies based on the holding period, with a 20% tax for holdings of one month or less, and a 10% tax for holdings between one month and one year [3][4] - For shareholders with restricted shares, a 10% withholding tax applies, resulting in a net cash dividend of CNY 0.02713 per share [4] - Qualified Foreign Institutional Investors (QFII) will also face a 10% withholding tax, leading to the same net cash dividend of CNY 0.02713 per share [4] Consultation Information - For inquiries regarding the dividend distribution, shareholders can contact the Strategic Securities Department at the provided phone number [6]

证券代码：600793 证券名称：宜宾纸业 公告编号：临2025-042 宜宾纸业股份有限公司 关于选举公司职工董事的公告 本公司董事会及全体董事保证本公告不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真 实性、准确性和完整性承担法律责任。 宜宾纸业股份有限公司（以下简称"公司"）第十一届董事会任期届满，根据《公司法》《公司章程》等 相关规定，公司第十二届董事会由8名董事组成，其中一名为职工董事，由公司职工代表大会选举产 生。 公司于2025年5月19日召开职工代表大会，选举陈禹昊先生为公司第十二届董事会职工董事，陈禹昊先 生将与公司2024年年度股东大会选举产生的其他7名董事共同组成公司第十二届董事会，任期与公司第 十二届董事会任期一致。陈禹昊先生简历详见附件。 登录新浪财经APP 搜索【信披】查看更多考评等级 宜宾纸业股份有限公司 股票交易异常波动公告 本公司董事会及全体董事保证本公告不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真 实性、准确性和完整性承担法律责任。 特此公告。 宜宾纸业股份有限公司 董事会 2025年5月21日 简 历 陈禹昊：男，汉族，1989年生，中国国籍，无境 ...

Meeting Overview - The annual general meeting of shareholders was held on May 20, 2025, at the company's conference room in Quzhou, Zhejiang Province [2] - The meeting was convened by the board of directors and chaired by Chairman Wang Minliang, utilizing a combination of on-site and online voting methods [2][3] Attendance - All 7 current directors attended the meeting, along with all 3 current supervisors and the board secretary, with some senior executives also present [3] - A witnessing lawyer from Shanghai Jintiancheng Law Firm was present to ensure compliance with legal regulations [6] Resolutions Passed - Eight ordinary resolutions were presented and passed, including: 1. Approval of the 2024 Board of Directors' Work Report 2. Approval of the 2024 Supervisory Board's Work Report 3. Approval of the 2024 Annual Report and its summary 4. Approval of the 2024 Financial Settlement Report 5. Approval of the 2024 Profit Distribution Proposal 6. Approval of the reappointment of the auditing firm for 2025 7. Authorization for the board to confirm the remuneration for directors and supervisors for 2024 and 2025 8. Approval of the 2024 Internal Control Evaluation Report [4][5][6] Voting Results - All resolutions received more than half of the voting rights from attending shareholders, with separate counting for resolutions 5, 6, 7, and 8 concerning minority investors [6] Legal Compliance - The meeting's procedures were confirmed to be in compliance with the Company Law and the company's articles of association, ensuring the legality of the convening, attendance, and voting processes [6]