山东博汇纸业股份有限公司监事会 二○二五年八月十六日 证券代码：600966 证券简称：博汇纸业 编号：临 2025-019 山东博汇纸业股份有限公司 本公司监事会及全体监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法律责任。 山东博汇纸业股份有限公司（以下简称"公司"或"本公司"）2025 年第一次 临时监事会会议于 2025 年 8 月 12 日以书面、邮件、电话相结合的形式发出通知， 于 2025 年 8 月 15 日在公司办公楼二楼会议室召开，符合《公司法》和《公司章程》 规定。会议应参加会议监事 3 人，实际参加会议监事 3 人，公司监事会召集人程晨 先生主持了本次会议。会议以举手表决的方式审议通过以下议案： 一、《关于公司 <领航者员工持股计划 草案="草案"> 及其摘要的议案》 详情请见公司同日刊登于上海证券交易所网站 （http://www.sse.com.cn）的《山 东博汇纸业股份有限公司领航者员工持股计划（草案）》及其摘要。 该议案已经公司董事会薪酬与考核委员会审议通过。 本项议案同意票 3 票，反对票 0 票，弃权票 0 票。 本 ...

Core Viewpoint - The article outlines the management measures for the employee stock ownership plan of Shandong Bohui Paper Industry Co., Ltd., emphasizing compliance with relevant laws and regulations, voluntary participation, and risk-bearing principles for employees. Group 1: General Principles - The employee stock ownership plan must adhere to legal compliance, ensuring accurate and timely information disclosure, and preventing insider trading and market manipulation [2][3] - Participation in the plan is voluntary, with no forced allocation to employees [2] - Participants bear their own risks, with equal rights to other investors [2] Group 2: Plan Implementation Procedures - The board of directors and the compensation and assessment committee are responsible for drafting the plan, which must be approved by the employee representative assembly [3] - The supervisory board must assess whether the plan benefits the company's sustainable development and does not harm the interests of shareholders [3] - Legal opinions must be obtained to ensure compliance before the plan is presented to the shareholders' meeting [3] Group 3: Funding and Stock Sources - The plan's funding sources include employee self-raised funds, loans from major shareholders, and other legally permitted methods [6] - The plan aims to raise a total of 301.8 million yuan, with a subscription unit of 1 yuan per share, based on a predicted stock price of 5.03 yuan per share [6] - The stock will be sourced from shares repurchased by the company, with a total of 100,030,021 shares repurchased, accounting for 7.48% of the total share capital [6] Group 4: Plan Scale and Stock Purchase Price - The plan intends to hold no more than 60 million shares, representing approximately 4.49% of the company's total share capital [6] - The purchase price for the stocks will not be lower than the par value and will be adjusted based on the average trading price [7] Group 5: Lock-up Period and Performance Assessment - The lock-up period starts from the date the stocks are transferred to the plan and can be extended under certain conditions [8] - Performance assessments will be conducted at the company, business unit, and individual levels, with specific targets set for the first unlocking period [10] Group 6: Management Structure - The plan will be managed by a management committee elected by the holders' meeting, which will oversee daily operations and represent the interests of the plan holders [11] - The management committee is responsible for making decisions regarding stock disposal and distribution of benefits [14] Group 7: Rights and Obligations of Holders - Holders have rights to participate in meetings and vote, but their shares cannot be transferred or used for guarantees without management committee approval [17] - Holders must comply with the plan's rules and may face penalties for violations [21] Group 8: Termination and Changes to the Plan - The plan may be terminated if there is a change in actual control, merger, or division of the company [19] - Any changes to the plan require approval from two-thirds of the holders present at the meeting [19]

仙鹤股份最新一期业绩显示，截至2025一季报，公司营业总收入29.91亿元、同比增长35.42%，归属净 利润2.36亿元，同比减少12.13%，扣非净利润2.24亿元，同比减少5.46%，流动比率1.685、速动比率 0.987、资产负债率65.49%。 来源：金融界 金融界消息 截至2025年8月15日收盘，仙鹤股份（603733）报收于25.28元，上涨1.4%，换手率0.95%， 成交量6.69万手，成交金额1.69亿元。 天眼查商业履历信息显示，仙鹤股份有限公司，成立于2001年，位于衢州市，是一家以从事居民服务业 为主的企业。企业注册资本70597.5551万人民币，实缴资本70579.6063万人民币。公司法定代表人为王 敏良。 资金流向方面，今日主力资金净流出1570.13万元，占比成交额9.32%。其中，超大单净流出2177.20万 元、占成交额12.92%，大单净流入607.06万元、占成交额3.6%，中单净流出流入599.40万元、占成交额 3.56%，小单净流入970.73万元、占成交额5.76%。 通过天眼查大数据分析，仙鹤股份有限公司共对外投资了21家企业，参与招投标项目340次， ...

（文章来源：每日经济新闻） 民丰特纸（SH 600235，收盘价：6.45元）8月15日晚间发布半年度业绩报告称，2025年上半年营业收入 约6.01亿元，同比减少23.21%；归属于上市公司股东的净利润约1507万元，同比减少68.88%；基本每股 收益0.043元，同比减少68.84%。 ...

Group 1 - The core point of the article is that Shanying International has established a new investment fund, the Anhui Shanying Zhiyuan Equity Investment Partnership, with a total scale of 100 million RMB, focusing on industrial intelligent technology applications in traditional manufacturing [2] - The fund has signed strategic investment cooperation agreements with Yunyin Technology and Wuhan Proton Technology, planning to jointly invest 5 million RMB to establish a technology company focused on the paper and packaging industry, with the fund holding a 20% stake [2] - Shanying International was founded in October 1999, with a registered capital of approximately 4.47 billion RMB, and its main business includes the production and sales of boxboard paper, corrugated paper, specialty paper, and paper products packaging [2] Group 2 - The company has 167 subsidiaries, including WPT Nordic Aps, WPT Slovakia, and Hefei Huadong Packaging Co., Ltd [3] - The company's revenue for 2022 to 2024 is projected to be 34.01 billion RMB, 29.33 billion RMB, and 29.23 billion RMB, with year-on-year growth rates of 2.97%, -13.76%, and -0.35% respectively [3] - The net profit attributable to the parent company for the same period is expected to be -2.26 billion RMB, 156 million RMB, and -451 million RMB, with year-on-year growth rates of -248.87%, 106.92%, and -388.46% respectively [3] Group 3 - The company's asset-liability ratios for the years 2022 to 2024 are 73.10%, 71.29%, and 67.67% respectively [3] - The company has a total of 468 risk records, 589 surrounding risk records, 12 historical risk records, and 344 warning risk records according to Tianyancha [4]

Report Information - Report Name: Pulp Daily Report [1] - Date: August 15, 2025 [2] - Research Team: Energy and Chemical Research Team [4] Report Core Points 1. Market Review and Operation Suggestions - Pulp futures contract 01 closed at 5520 yuan/ton, up 0.18% from the previous settlement price of 5510 yuan/ton [7] - The intended transaction price range of softwood pulp in the Shandong wood pulp market was 5200 - 6700 yuan/ton, with the low - end price up 50 yuan/ton from the previous trading day. The price of Shandong Yinxing was quoted at 5850 - 5870 yuan/ton [7] - Suzano will reduce its commercial pulp production by 3.50% for the next year starting from August 6th [7] - In May, the shipment volume of softwood pulp from the world's 20 major pulp - producing countries was 1.69 million tons, up 4.4% month - on - month and down 8.2% year - on - year [7] - In July, China's total pulp imports were 2.877 million tons, down 5.1% month - on - month and up 23.7% year - on - year [7] - As of August 14, 2025, the weekly pulp inventory in major regions and ports increased by 4.96% month - on - month, with inventory at Qingdao and Changshu ports rising [7] - The recovery of downstream market demand was slow, and the price of finished paper remained stable with a weak trend. The short - term industry profit had no significant improvement, and the rebound space was limited [7] 2. Industry News - On August 14th, Sunshine Paper announced that it expected its net profit attributable to the parent company in the first half of 2025 to decline by 55% - 65% year - on - year. The decline was mainly due to lower paper prices, reduced unconditional government subsidies, increased operating losses of Sunshine Prince Specialty Paper Co., Ltd., and losses in the fair value of financial assets measured at fair value through profit or loss [8] 3. Data Overview - The report provides multiple data charts, including pulp futures prices, spot prices, price spreads, inventory data, and finished paper prices, with data sources from Wind, Zhuochuang Information, and the Research and Development Department of CCB Futures [7][21][23]

Group 1 - The stock price of Kane Co. closed at 6.10 yuan on August 14, down 0.34 yuan, representing a decline of 5.28% from the previous trading day [1] - The trading volume on that day was 411,459 hands, with a transaction amount of 254 million yuan [1] - As of August 10, 2025, the number of shareholders for Kane Co. was 35,284 [1] Group 2 - The company's main business includes the research, production, and sales of specialty paper and related products [1] - Kane Co. is associated with several concept sectors, including papermaking and printing, Zhejiang sector, energy storage, blockchain, and fluorochemical [1] - On August 14, the net outflow of main funds was 38.42 million yuan, while the net inflow over the past five days was 16.41 million yuan [1]

Group 1 - The core issue involves the criminal case against Yibin Huijie Environmental Technology Co., Ltd., a wholly-owned subsidiary of Yibin Paper Industry, for environmental pollution due to tampering with automatic monitoring data [2][3] - The company received a criminal judgment on August 14, 2025, from the Yibin City Nanxi District People's Court, which found the subsidiary guilty of environmental pollution and imposed a fine of 100,000 RMB [3] - The company plans to appeal the judgment, arguing that there are errors in the factual findings and legal application, seeking to overturn the conviction and have the subsidiary declared not guilty [3] Group 2 - Following the receipt of the indictment in April 2025, the subsidiary has made significant changes, including adjusting leadership and upgrading wastewater treatment processes to comply with environmental standards [2] - The judgment is not yet final, and the company will continue to monitor the case and fulfill its information disclosure obligations [4]

Core Viewpoint - Shenglong Jinxiu International (08481) reported a revenue of 271 million yuan for the six months ending June 30, 2025, representing a year-on-year increase of 3.8% [1] - The profit attributable to the company's owners was 19.954 million yuan, a year-on-year increase of 31.85%, with earnings per share of 4.47 cents [1] Revenue Breakdown - The increase in revenue was driven by growth in both overseas and Chinese markets [1] - Revenue from overseas markets increased by approximately 7.2%, primarily due to rising demand from the United Arab Emirates, India, and other international markets [1] - Demand from Chinese customers remained stable, with a slight increase of about 2.2% compared to the same period [1] Product Performance - The revenue growth was mainly attributed to increased sales of key products such as decorative paper, melamine-impregnated paper, and PVC flooring film [1]

Core Viewpoint - The company, Jianfa Xingsheng (00731.HK), anticipates a consolidated net loss of approximately HKD 38.0 million to HKD 43.0 million for the six months ending June 30, 2025, compared to a consolidated net loss of about HKD 33.8 million in the previous period [1] Summary by Relevant Categories Financial Performance - The expected consolidated net loss for the current period is projected to increase due to a decline in paper product sales prices, resulting in a slight decrease in revenue [1] - The reduction in government incentives related to special VAT deductions for the company's subsidiary, Yuantong Paper Industry (Shandong) Co., Ltd., decreased by approximately HKD 6.3 million compared to the previous period [1] Market Conditions - The company is facing challenges due to a complex international trade environment and a sluggish recovery in the consumer market, which are contributing factors to the decline in sales prices [1]