Core Viewpoint - The company has successfully launched a new 200T/D environmentally friendly recycled pulp production line, which is now operational and primarily supports the production of recycled household paper [1] Company Summary - The new production line can process various types of raw materials, including recycled pulp from Jingxing Holdings (M) Co., cup paper, household paper, and high-moisture strong damage paper [1] - The main raw material currently used for the production line is recycled pulp boards produced by Jingxing Holdings (M) Co. [1]

Group 1 - The stock price of Shanying International (600567) closed at 1.63 yuan on April 18, 2025, with no change, a turnover rate of 0.69%, a trading volume of 374,800 shares, and a transaction amount of 60.99 million yuan [1] - On April 18, the net outflow of main funds was 6.9484 million yuan, accounting for 11.39% of the total transaction amount [8][9] - Retail investors showed a net inflow of 3.8451 million yuan, representing 6.3% of the total transaction amount [9] Group 2 - The company has established recycling pulp production capacity in Thailand to ensure stable raw material supply and is expanding its packaging business in Southeast Asia, particularly in Thailand and Vietnam [3] - The company has not disclosed any plans for cross-border mergers and acquisitions or restructuring of major shareholder's paper assets to avoid competition and related transactions [2][4][5][6][7]