证券日报网讯 12月18日，华泰股份在互动平台回答投资者提问时表示，公司高度重视市值管理与股东 回报，自估值提升计划实施以来，已稳步推进并落地多项核心举措：70万吨化学浆项目顺利投产运行， 进一步完善"浆纸一体化"产业链布局，增强成本控制与抗风险能力；股份回购、控股股东增持均已按期 完成，彰显了公司及控股股东对未来发展的坚定信心；现金分红足额兑现，切实保障了股东的投资回 报。股价波动受宏观经济环境、市场资金偏好、行业周期波动等多重因素综合影响。过去一年，大盘整 体上行，但造纸化工行业面临原材料价格波动、市场需求分化等挑战，行业估值中枢亦存在一定波动， 公司股价表现未能充分反映自身价值。公司市净率处于低位，一方面体现了当前市场对行业及公司的估 值预期尚未完全修复，另一方面也凸显了公司具备较高的安全边际与投资价值。未来，公司将持续聚焦 主业经营，提升精细化管理水平，同时加强与资本市场的沟通交流，积极传递公司价值，努力以良好的 经营业绩回报广大投资者。 （文章来源：证券日报） ...

证券日报网讯12月18日，华泰股份（600308）在互动平台回答投资者提问时表示，公司70万吨化学浆项 目已投产，纸浆自给率提升，进口纸浆依赖度显著下降。人民币升值对公司业绩的直接利好影响较小。 ...

Core Insights - The report emphasizes the continued strength in packaging paper prices, with a general increase of 50 CNY/ton announced by major paper companies such as Nine Dragons and Shanying [7][44]. - The report maintains a "neutral" rating for the light industry and textile apparel sectors, while recommending "buy" ratings for specific companies including Oppein Home, Sophia, and Semir Apparel [2][44]. Industry News - A video call took place between He Lifeng, the Chinese Vice Premier, and U.S. Treasury Secretary Janet Yellen, discussing the importance of enhancing cooperation and addressing trade concerns [7]. - Major paper companies, including Nine Dragons and Liansheng Paper, have updated their price increase notices for packaging paper, reflecting a broader trend in the industry [7]. Important Company Announcements - Bohui Paper Industry announced an investment in a chemical pulp technology upgrade project, expanding its capacity from 95,000 tons to 320,000 tons with a total investment of 1.7 billion CNY [35]. - Explorer Holdings has acquired a 51% stake in Better Life Electronics for 321.3 million CNY [35]. Market Review - From December 1 to December 5, the light industry sector outperformed the CSI 300 index by 0.58 percentage points, with a weekly increase of 1.86% [35]. - The textile and apparel sector underperformed the CSI 300 index by 2.88 percentage points, with a decline of 1.60% [39]. Weekly Strategy - The report suggests that the easing of U.S.-China trade tensions and the anticipated interest rate cuts by the Federal Reserve could improve order expectations for export-oriented companies [43]. - Despite a 30.91% year-on-year decline in property transaction volumes in major cities, the report indicates that recent government subsidies may alleviate some pressure on the real estate sector [43]. - The report recommends focusing on low-positioning opportunities in home-related stocks, given the current market conditions [43].

每经头条（nbdtoutiao）——实施城乡居民增收计划、降准降息等工具灵活高效运用、增加普通高中学 位……深度解读中央经济工作会议 2025年1至6月份，ST晨鸣的营业收入构成为：机制纸占比53.23%，化学浆占比35.13%，电力和热力占 比4.66%，酒店占比3.48%，其他行业占比3.35%。 截至发稿，ST晨鸣市值为61亿元。 每经AI快讯，ST晨鸣（SZ 000488，收盘价：2.06元）12月12日晚间发布公告称，公司第十一届第一次 董事会临时会议于2025年12月12日以通讯方式召开。会议审议了《关于召开2025年第二次临时股东会的 议案》等文件。 （记者 王瀚黎） ...

（编辑 姚尧） 证券日报网讯 12月8日，华泰股份在互动平台回答投资者提问时表示，2025年以来，公司相继投资建设 了70万吨化学浆项目、日照华泰15万吨伸性纸项目等，对于公司未来利润提升均具有积极作用。 ...

Key Points - Company Grinda plans to invest 80 million yuan to subscribe for 1.91% of Muxi's initial public offering shares [1] - Fuyong Technology clarifies that its products do not possess AI capabilities [1] - Bohui Paper Industry intends to invest 1.7 billion yuan to establish a project with an annual production capacity of 320,000 tons of chemical pulp [1] - Jinggong Technology has won the bid for the Wuhan Qingshan high-performance carbon fiber production base project [1] - Yonghe Intelligent Control plans to transfer 100% equity and debt of its wholly-owned subsidiary Chengdu Shanshui [2] - Zhigang Home plans to repurchase shares with an investment of 80 million to 110 million yuan [2] - Meikailong's shareholder Hangzhou Haoyue intends to reduce its holdings by no more than 131 million shares [2] - International Medical plans to raise no more than 1.008 billion yuan through a private placement [2] - Guizhou Bailin's actual controller Jiang Wei has received a notice of investigation from the Securities Regulatory Commission [2]

Group 1 - Grinda plans to invest 80 million yuan to subscribe for 1.91% of the shares in Muxi Co., Ltd.'s initial public offering [1] - Fuyong Technology clarifies that its products do not possess AI capabilities [1] - Bohui Paper Industry intends to invest 1.7 billion yuan to plan an annual production of 320,000 tons of chemical pulp [1] Group 2 - Jinggong Technology has won the bid for the Wuhan Qingshan high-performance carbon fiber production base project [1] - Yongli Intelligent Control plans to transfer 100% equity and debt of its wholly-owned subsidiary Chengdu Shanshui [1] - Zhigang Home intends to repurchase shares worth between 80 million and 110 million yuan [1] Group 3 - Meikailong's shareholder Hangzhou Haoyue plans to reduce its holdings by no more than 131 million shares [1] - International Medical plans to raise no more than 1.008 billion yuan through a private placement [2] - The actual controller of Guizhou Bailin, Jiang Wei, has received a notice of investigation from the Securities Regulatory Commission [2]

格隆汇12月3日丨博汇纸业(600966.SH)公布，为调整现有原材料产品结构，提高原料、产品多样化，公 司决定在现有厂区内利用已有生产线，规划年产32万吨化学浆项目。在现有年产9.5万吨化学木浆技改 工程基础上进行改扩建，项目建成后，由原年产9.5万吨化学木浆技改工程扩建至32万吨产能。项目总 投资170,066万元。 ...

(本文来自第一财经) 博汇纸业公告，公司决定在现有厂区内利用已有生产线，规划年产32万吨化学浆项目。在现有年产9.5 万吨化学木浆技改工程基础上进行改扩建，项目建成后，由原年产9.5万吨化学木浆技改工程扩建至32 万吨产能。项目总投资170066万元。该项目建设资金来源为公司自有资金及银行借款，不属于募集资 金。项目建设完成后不会新增关联交易、同业竞争、资金占用等情况。 ...

Core Viewpoint - Huatai Co., Ltd. (600308) is actively implementing measures to enhance its valuation, focusing on production and capital strategies to solidify its profit foundation and protect shareholder interests [1] Production Initiatives - The company has launched several projects, including a 700,000-ton chemical pulp project and a special paper project in Rizhao, which are now operational [1] - The Guangxi chemical project is progressing in an orderly manner, contributing to the company's production capabilities [1] Capital Strategies - The company is executing a share repurchase plan alongside the controlling shareholder's increase in holdings to effectively safeguard shareholder rights [1] - The company acknowledges that the process of stock price and valuation recovery will take time [1] Future Focus - The company plans to continue enhancing its core business quality and efficiency, improve information disclosure, and strengthen communication with investors [1] - There will be a dynamic optimization of related measures to drive the market value back to a reasonable level, aiming to reward shareholders with solid operational performance [1]