Core Viewpoint - The announcement by Sun Paper Industry indicates its approval as a delivery warehouse for the first batch of newsprint paper futures, marking a significant development in the company's operational capabilities and market positioning [1] Group 1 - On September 4, Sun Paper Industry announced its approval as a delivery warehouse for the first batch of newsprint paper futures by the Shanghai Futures Exchange [1] - The company and its wholly-owned subsidiary, Guangxi Sun Paper Industry Co., Ltd., have been granted this approval, enhancing their role in the futures market [1] - The "Tianyang" brand under the company has been selected as one of the first deliverable brands for newsprint paper futures [1]

Core Points - Shandong Sun Paper Industry Co., Ltd. and its subsidiary Guangxi Sun Paper have been approved as the first delivery warehouses for the futures of offset printing paper, with the company's "Tianyang" brand selected as one of the first deliverable commodity brands [1][2][3] - This approval reflects the company's comprehensive strength in the domestic cultural paper sector, which is expected to enhance asset utilization efficiency, increase industry visibility and influence, and facilitate the organic integration of the spot and futures markets [1] - The move is anticipated to strengthen the company's risk resistance capabilities and market competitiveness [1]