Core Viewpoint - On September 4, 2025, Sun Paper announced that it has been approved to become one of the first delivery warehouses for the futures of offset printing paper by the Shanghai Futures Exchange [1] Group 1 - Sun Paper and its wholly-owned subsidiary, Guangxi Sun Paper, have been granted approval to serve as the first delivery warehouses for offset printing paper futures [1] - The "Tianyang" brand under Sun Paper has been selected as one of the first deliverable brands for offset printing paper futures [1]

Core Viewpoint - The announcement indicates that Sun Paper Industry has been approved to be one of the first delivery warehouses for the futures of offset printing paper, which may enhance its market position and operational capabilities in the paper industry [1]. Group 1: Company Information - Sun Paper Industry and its wholly-owned subsidiary, Guangxi Sun Paper Industry Co., Ltd., have been granted approval to become the first delivery warehouses for offset printing paper futures [1]. - The "Tianyang" brand under the company has been selected as one of the first deliverable brands for offset printing paper futures [1].

Core Viewpoint - The company and its subsidiary have been approved to become the first delivery warehouses for the futures of offset printing paper, enhancing their market position and operational efficiency [1] Group 1 - The Shanghai Futures Exchange announced the approval of the first delivery warehouses for offset printing paper futures on September 3, 2025 [1] - The company and its subsidiary, Guangxi Sun Paper Industry Co., Ltd., have been granted the qualification to serve as delivery warehouses for offset printing paper futures [1] - The company's "Tianyang" brand has been selected as one of the first deliverable product brands for offset printing paper futures [1] Group 2 - This approval reflects the company's comprehensive strength in the domestic cultural paper sector [1] - The qualification is expected to improve the company's asset utilization efficiency and expand its industry recognition and influence [1] - The integration of the spot market and futures market is anticipated to enhance the company's risk resistance and market competitiveness [1]

Core Viewpoint - The announcement by Sun Paper Industry (002078.SZ) regarding its qualification as a delivery warehouse for the first batch of offset printing paper futures is a significant milestone, reflecting the company's comprehensive strength in the domestic cultural paper sector and enhancing its market competitiveness [1] Group 1 - The Shanghai Futures Exchange approved Sun Paper and its wholly-owned subsidiary, Guangxi Sun Paper Industry Co., Ltd., to become delivery warehouses for the first batch of offset printing paper futures [1] - The "Tianyang" brand under the company has been selected as one of the first deliverable product brands for offset printing paper futures [1] - This qualification is expected to improve the company's asset utilization efficiency, increase its industry visibility and influence, and facilitate the organic integration of the spot and futures markets [1] Group 2 - The development is anticipated to enhance the company's risk resistance capabilities and overall market competitiveness [1]