证券之星消息，截至2026年2月24日收盘，山鹰国际(600567)报收于1.65元，上涨1.23%，换手率 1.27%，成交量80.23万手，成交额1.32亿元。 2月24日的资金流向数据方面，主力资金净流出195.61万元，占总成交额1.48%，游资资金净流出253.6 万元，占总成交额1.92%，散户资金净流入449.21万元，占总成交额3.39%。 山鹰国际2025年三季报显示，前三季度公司主营收入211.33亿元，同比下降2.17%；归母净利润-2.9亿 元，同比下降522.74%；扣非净利润-4.12亿元，同比上升6.32%；其中2025年第三季度，公司单季度主 营收入72.91亿元，同比下降0.77%；单季度归母净利润-3.31亿元，同比下降636.03%；单季度扣非净利 润-3.47亿元，同比下降4.37%；负债率67.69%，投资收益3795.2万元，财务费用6.24亿元，毛利率 7.91%。山鹰国际（600567）主营业务：箱板纸、瓦楞原纸、特种纸、纸板及纸制品包装的生产和销售 以及国内外回收纤维贸易业务。 该股最近90天内共有2家机构给出评级，买入评级1家，增持评级1家。 资金流向名词解 ...

Investment Rating - The report gives a "Buy" rating for Bohui Paper Industry [4]. Core Insights - The white card paper industry is expected to see a marginal improvement in supply-demand dynamics as supply growth slows down, potentially leading to a rebound in profitability per ton [4]. - Demand for high-end white card paper and exports remains strong, supported by incremental demand from coffee and tea beverages, indicating stable growth in the demand side [4]. - Bohui Paper, as a leading player in the domestic white card paper market, benefits from its backing by the global pulp and paper giant, Golding Group, enhancing its supply chain capabilities and profitability potential [4]. Company Overview - Bohui Paper Industry, established in 1994 and listed in 2004, is a leading white card paper manufacturer in China. The company was acquired by Golding Group in 2020, becoming its only A-share listed platform for domestic pulp and paper assets [10][12]. - The company focuses on various paper products, including white card paper, cultural paper, boxboard, and gypsum face paper, with white card paper being its core product [10][12]. - Bohui has production bases in Shandong and Jiangsu, continuously optimizing its product structure and expanding into high-value markets to increase market share [10][12]. Industry Analysis - The white card paper industry is currently experiencing a cyclical bottom, with expectations for marginal improvement in profitability as supply growth slows and demand stabilizes [4][36]. - The industry has faced significant supply-demand imbalances in recent years, leading to price declines, but recent initiatives to reduce supply and improve efficiency are expected to support price recovery [4][36]. - The trend of replacing plastic with paper continues to drive demand for white card paper, particularly in food packaging and environmentally friendly applications [39][42]. Profit Forecast and Valuation - The report forecasts net profits for Bohui Paper to be CNY 186 million, CNY 408 million, and CNY 551 million for the years 2025, 2026, and 2027, respectively, with corresponding price-to-earnings ratios of 54x, 25x, and 18x [4].

华泰股份于2026年1月30日发布公告，预计2025年归属于母公司所有者的净利润亏损5000万元至7000万 元，同比由盈转亏，主要受行业周期性调整及产品供需变化影响。 公司状况 华证指数在2025年10月31日的评级中，将华泰股份的ESG评级定为C级，在造纸行业35家A股公司中排 名第28位，此评级结果可能影响市场关注度。 以上内容基于公开资料整理，不构成投资建议。 上个马年沪指涨近60%！新年新福利来了，炒股排面要拉满，新号启幸运>> 经济观察网 根据华泰股份（600308）近期公告，以下事件值得关注： 关联交易情况 根据华泰股份2025年12月26日董事会决议，公司预计在2026年1月1日至2025年年度股东会期间，与控股 股东华泰集团有限公司及其下属子公司等关联方发生日常关联交易，涉及原材料采购、产品销售、劳务 接受等内容，定价将遵循市场价格原则。 业绩经营情况 ...

研 行 行业周报 业 美国关税政策再生变，对华关税迎边际下降 ——轻工制造&纺织服饰行业周报 | 究 | 分析师： | 袁艺博 | SAC | NO： | S1150521120002 | 2026 | 年 02 | 月 24 | 日 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 轻工制造 纺织服饰 | | 投资要点： | | | | | | | | | | | 行业要闻  | | | | | | | | | 证券分析师 | | （1）美国最高法院裁定特朗普政府大规模关税政策违法。 | | | | | | | | | 袁艺博 | | | | | | | | | | | yuanyb@bhzq.com 022-23839135 | | （2）特朗普新加征关税税率加码至 | | 15%。 | | | | | | | 研子究行助业理评级 | | 重要公司公告  | | | | | | | | 证 | 家居用品 造纸 | 中性 中性 | （1）探路者：公司拟对 万股股权激励。 72 | | 名员工进行 672.68 | | ...

| 指数 涨跌 (%) | | --- | | 名称 | | 上证指数 4082 -1.26 -1.37 0.41 | | 深证综指 2680 -1.05 0.16 1.16 | | 风格指数 (%) | | | --- | --- | | 大盘指数 | 11.32 | | 中盘指数 1.78 | 26.74 | | 小盘指数 | 19.55 | | 涨幅居前 行业(%) | 昨日 | 近１个月 近６个月 | | | --- | --- | --- | --- | | 摩托车及其 114 | 3.01 | -2.59 | 2.47 | | 影视院线 | 2.7 | 15.61 | 28.26 | | 海小 | 2.5 | 1.64 | 11.89 | | 综合II | 2.06 | 11.75 | 55.72 | | 航海装备Ⅱ | 1.87 | 3.91 | -0.69 | | 跌幅居卸 行业(%) | | 昨日 近１个月 近６个月 | | | 玻璃玻纤 | -4.69 | 30.4 | 65.53 | | 工业金属 | -3.82 | 0.19 | ୧୦ ବଟ | | 小尖属工 | -3.8 | 12.8 ...

纸浆早报 研究中心能化团队 2026/02/24 SP主力合约收盘价： 5260.00 | | 文化用纸 | | 包装纸 | | 生活用纸 | | --- | --- | --- | --- | --- | --- | | | 双胶指数 | 双铜指数 | 白卡指数 | | 生活指数 | | 2026/02/10 | 5725 | 5670 | 4350 | | 867 | | 2026/02/11 | 5725 | 5670 | 4350 | | 867 | | 2026/02/12 | 5725 | 5670 | 4350 | | 867 | | 2026/02/13 | 5725 | 5670 | 4350 | | 867 | | 变化 | 0 | 0 | 0 | | 0 | | | 双胶利润率估算 双铜利润率估算 | | 白卡利润率估算 | | 生活利润率估算 | | 2026/02/10 | -2.1797% | 7.9583% | -7.7945% | | 8.5041% | | 2026/02/11 | -2.1797% | 7.9583% | -7.7945% | | 8.5041% | | 2 ...

Summary of Conference Call Records Industry Overview - **Industry**: Pulp and Paper, Real Estate, Metal Cans, New Consumption, Tobacco, Personal Care, AI Applications, Pet Industry - **Key Trends**: Positive cyclical expectations, price increases in pulp, recovery in real estate transactions, and growth in various consumer sectors Key Points Pulp and Paper Industry - **Price Increases**: March pulp prices continue to rise strongly, with Suzano reporting an increase of $20 per ton in China [1] - **Supply Chain Issues**: Indonesia's revocation of forestry licenses affects the supply of hardwood pulp chips, compounded by APP's announcement of delays in the second phase of OKI production [1] - **Investment Recommendations**: Continued recommendations for companies such as Sun Paper, Nine Dragons, and Xianhe, with a focus on potential growth in the sector [1] Real Estate Sector - **Market Recovery**: Improvement in second-hand housing transactions, with the National Bureau of Statistics reporting a narrowing decline in housing prices across 70 cities [1] - **Top Picks**: Recommended companies include Kuka, Hanhai, with expectations for recovery in brands like Gongniu, Oppein, and others [1] Metal Can Industry - **Aluminum Price Adjustment**: Recent pullback in aluminum prices is beneficial for profit release, with a bottom recommendation for Aorikin and attention on Baosteel and Shengxing [1] New Consumption Sector - **Core Products**: Many core products have entered the layout phase, with various brands launching new items and maintaining high store traffic during the Spring Festival [2] - **Tobacco Market**: British American Tobacco reports rapid market share growth in Poland, with a recommendation for Smoore as a core stock [2] - **Personal Care Growth**: Brands like Leshushi and Baia are experiencing significant growth, with new product launches and marketing strategies enhancing their market positions [2] AI Applications - **Smart Glasses Sales**: Kangnait's smart glasses are projected to exceed 7 million units in sales for the year, with ongoing attention to order progress [2] - **Acquisition Plans**: Yudong plans to acquire 51% of Huayan Technology, extending its reach into precision components and AI glasses [2] Pet Industry - **Market Recovery**: The pet industry saw a recovery in January with an overall growth of 18%, with specific brands like Guibao and Zhongchong showing significant increases [3] Cross-Border Trade - **Tariff Changes**: Recent tariff adjustments are favorable, with a 5% reduction in the overall tax rate benefiting cross-border enterprises, particularly focusing on companies like Zhiou and Henglin [3]

商 品 研 究 2026 年 02 月 24 日 纸浆：震荡运行 20260224 | | | 表 1：基本面数据 | | 项目 | 项目名称 | 昨日数据 | 前日数据 | 变动幅度 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 纸浆主力 | 日盘收盘价(元/吨) | 5.260 | 5, 238 | +22 | | | | 夜盘收盘价(元/吨) | - | 5, 254 | | | | | 成交量(手) | 164. 325 | 152. 334 | +11.991 | | | (05合约) | 持仓量 (手) | 269.664 | 280.912 | -11.248 | | | | 仓单数量(吨) | 154. 612 | 151, 415 | +3. 197 | | | | 前20名会员净持仓(手) | -18.079 | -17.850 | -229 | | 价差数据 | 基差 | 银星-期货主力 | -10 | 12 | -22 | | | | 金鱼-期货主力(非标) | -680 | -658 | -22 | | | 月差 | SP03-SP ...

新华社记者周圆、杨驰、胡林果 新华社北京2月23日电 机器轰鸣声不绝于耳、自动化生产线高速运转、工人们紧张有序地忙碌……新春佳节，年味漫溢城 乡街巷，全国不少企业生产车间依然是一番忙碌景象。 宁波超260家企业、数万名员工坚守生产一线；洛阳超280家规上工业企业保持连续生产，较2025年 增加约30家；天津有约90家重点工业企业在春节期间连续生产，预计2月24日重点工业企业的整体复工 率达86.3%……保供应、赶订单，各地共同绘就一幅春节不停工、实干促发展的奋进画卷。 稳产保供，确保春节货丰价稳年味浓。 走进四川周黑鸭食品有限公司生产车间，香气扑面而来，一份份卤制品经自动化设备分选、打包、 装箱后，源源不断地运往各地商超门店。 "春节期间是传统的产销高峰期。为了让消费者吃上新鲜美味的产品，我们采取轮流值班的模式， 确保产线一刻不停。"公司总经理张超介绍，近期日均生产"气调锁鲜装"产品达5万多盒，有效保障了云 贵川陕的门店及渠道供应。 东北制药十多条生产线正常运转，千余名员工倒班接力，保障原料药市场供应；国家电网18.9万名 员工坚守运维保电一线；延长石油榆林炼油厂确保每天1万吨汽油、柴油、航空煤油稳定输出…… ...

Group 1 - The core point of the article is that Vinda Paper (Zhejiang) Co., Ltd. has been recognized as the first future factory in the paper industry in Zhejiang Province, with a total investment of 1.81 billion yuan and a designed capacity of 150,000 tons per year [1][2] - The future factory project emphasizes digitalization and green technology, integrating advanced paper-making processes with large-scale intelligent production equipment, utilizing IoT and AI technologies [1] - The total number of provincial future factories in the city has reached 5, while the number of provincial intelligent factories has increased to 30 [1] Group 2 - Since 2021, several companies including Vinda Paper have been awarded the title of provincial future factory, indicating a growing trend in digital transformation within the industry [2] - The city offers financial incentives for newly recognized provincial future factories and intelligent factories, including a one-time reward of 2 million yuan for future factories and 500,000 yuan for intelligent factories [2] - The local government plans to enhance policy incentives and support for companies willing to implement digital transformation, aiming to strengthen the industrial sector in the city [2]