山鹰国际所属申万行业为：轻工制造-造纸-大宗用纸。所属概念板块包括：低价、智慧物流、快递概 念、破净股、长期破净等。 截至6月30日，山鹰国际股东户数18.91万，较上期减少5.84%；人均流通股28929股，较上期增加 6.20%。2025年1月-6月，山鹰国际实现营业收入138.42亿元，同比减少2.89%；归母净利润4181.54万 元，同比减少63.17%。 分红方面，山鹰国际A股上市后累计派现18.07亿元。近三年，累计派现4612.56万元。 10月10日，山鹰国际盘中上涨2.19%，截至10:20，报1.87元/股，成交1.48亿元，换手率1.38%，总市值 108.75亿元。 资金流向方面，主力资金净流入798.53万元，特大单买入1688.40万元，占比11.40%，卖出1563.84万 元，占比10.56%；大单买入4804.82万元，占比32.44%，卖出4130.86万元，占比27.89%。 山鹰国际今年以来股价跌4.59%，近5个交易日涨3.89%，近20日涨0.54%，近60日跌4.10%。 资料显示，山鹰国际控股股份公司位于上海市杨浦区安浦路645号滨江国际6号楼，成立日期199 ...

每经头条（nbdtoutiao）——农夫大战怡宝，抢到更多蛋糕的却是宗馥莉！农夫绿瓶上市后，怡宝上 演"滑铁卢"：市占率大跌近5个百分点 每经AI快讯，冠豪高新（SH 600433，收盘价：3.22元）9月29日晚间发布公告称，公司审议通过《关于 聘任公司证券事务代表的议案》，决定聘任黄美华女士担任公司证券事务代表，协助董事会秘书履行各 项职责。 2024年1至12月份，冠豪高新的营业收入构成为：特种纸占比75.7%，特种材料占比18.51%，彩色印刷 品占比3.79%，其他业务占比2.01%。 截至发稿，冠豪高新市值为56亿元。 （记者 王晓波） ...

中国经济网北京9月29日讯 仙鹤股份(603733.SH)于9月26日晚间发布的向特定对象发行A股股票预案显示，本次向特 定对象发行A股股票募集资金总额不超过300,000万元（含本数），本次募集资金总额在扣除发行费用后的净额将用于以 下方向：广西三江口新区高性能纸基新材料项目二期工程、补充流动资金。 | 序号 | 项目 | 拟投资总额 | 募集资金拟投入额 | | --- | --- | --- | --- | | | 西三江口新区高性能纸基新材料项目二期 工程 | 540,428.32 | 210,000.00 | | 2 | 补充流动资金 | 90,000.00 | 90,000.00 | | | 合计 | 630,428.32 | 300,000.00 | 2018年4月4日，仙鹤股份发布的首次公开发行股票招股说明书显示，公司拟募集资金78,070.59万元，用于"年产10.8 万吨特种纸项目"、"年产5万吨数码喷绘热转印纸、食品包装原纸、电解电容器纸技改项目"、"常山县辉埠新区燃煤热电 联产项目"。 2020年1月8日，仙鹤股份发布可转换公司债券上市公告书。仙鹤股份本次发行可转换公司债券募集资金总额 ...

Investment Rating - The report rates the paper industry as "Positive" [1] Core Insights - The paper industry is experiencing a peak season with stable prices, supported by a healthy supply-demand balance, which is expected to continue [4] - The cost pressures on paper companies are easing due to a reduction in paper pulp futures inventory and stable pricing, creating favorable conditions for profit recovery [4] - Multiple favorable policies are driving the industry's transformation towards high-end and green development, with significant initiatives such as the establishment of the Printing Paper Working Committee and strategic collaborations to enhance digitalization and branding [4][6][7] - The current valuation of the paper sector is at a historical low, with three supporting factors: stable peak season prices, alleviated costs, and policy-driven transformation, indicating clear improvement in the fundamentals [4] - The report highlights the strong cash flow and performance certainty of leading companies in the sector, suggesting potential for valuation recovery [4] Summary by Sections Industry News - Four paper companies, including Chenming and Nine Dragons, were listed in the "2025 China Top 500 Enterprises" [5] - A strategic partnership was formed between JD.com and the Baoding government to promote the digital and brand transformation of the paper industry [6] - The establishment of the Printing Paper Working Committee aims to enhance quality and fair competition in the industry [7] High-Frequency Data - As of September 19, 2025, the average inventory of paper pulp futures decreased to 244,800 tons, while the average closing price was 4,995.6 CNY/ton, reflecting a slight price adjustment [8] - Domestic paper prices remained stable, with whiteboard paper at 4,000 CNY/ton and corrugated paper at 3,040 CNY/ton, among others [20] Company Events and Announcements - Sichuan Xianhe New Materials announced a project to add 200,000 tons/year of household paper capacity [30] - Jindong Paper was recognized for its smart manufacturing initiatives, marking a milestone in its digital transformation [31] Investment Strategy - The report suggests focusing on sectors with stable peak prices and new capacity releases, particularly in packaging and specialty paper, while also considering companies with strong policy support and technological advancements for long-term growth [33]

来源：市场资讯 （来源：中纸网） 9月24日，玖龙纸业发布截至2025年6月30日止年度全年业绩报告。报告显示，玖龙纸业自2024年7月1日 至2025年6月30日财年期间，营业收入为632.4亿元人民币，同比上一财年增长约6.3%；当期毛利润增长 约26.9%达到72.5亿元人民币。玖龙表示毛利润增幅扩大主要是因为原料成本降幅较产品价格降幅更大 更快。 与往年一样，玖龙纸业在财报期内继续推进新项目建设。据悉，该集团位于广西北海、湖北荆州的高端 造纸及原料配置扩产项目顺利投产。今年三季度，荆州、北海基地又分别有年产120万吨白卡纸及70万 吨木浆项目、年产40万吨文化纸项目投产。 目前，玖龙纸业在东莞、太仓、泉州、重庆、荆州、天津、河北、沈阳、乐山、北海共布局了十大生产 基地，产品涵盖牛卡纸、高价特种纸及浆产品、高强瓦楞芯纸、涂布灰底白板纸、白卡纸及文化用纸； 在美国的四家浆纸厂，主要生产单面涂布纸、铜版纸、特种纸等。 截至2025年6月30日止，玖龙纸业的纤维原料、造纸、包装年产能再创新高。其中，纤维原料年产能达 750万吨、造纸年设计产能达2350万吨；瓦楞纸板、纸箱年设计产能约29亿平方米。 在新的财年 ...

Core Viewpoint - The stock of Shanying International (600567) has shown a recent increase in price, with a closing price of 1.95 yuan on September 12, 2025, reflecting a 3.17% rise, amidst mixed capital flows from different investor categories [1][5]. Capital Flow Summary - On September 12, 2025, the net inflow of main funds was 8.84 million yuan, accounting for 0.91% of the total transaction amount, while retail investors experienced a net outflow of 21.14 million yuan, representing 2.17% of the total transaction amount [1]. - Over the past five days, the stock has seen fluctuating capital flows, with notable net outflows from retail investors on multiple days [1][2]. Financing and Margin Trading Data - As of September 12, 2025, the financing balance was 427 million yuan, with a net repayment of 57.42 million yuan on that day [2]. - The stock had a margin trading balance of 427 million yuan, with a total of 256,500 shares available for short selling [2]. Company Performance Metrics - Shanying International reported a total market capitalization of 10.669 billion yuan, with a net asset value of 16.738 billion yuan, ranking 5th and 2nd respectively in the paper and printing industry [4]. - The company’s net profit for the first half of 2025 was 41.8154 million yuan, a significant decline of 63.17% year-on-year, while its main revenue decreased by 2.89% to 13.842 billion yuan [4]. - The company’s gross margin stood at 9.51%, which is below the industry average of 14.96%, indicating potential challenges in profitability [4]. Institutional Ratings - In the last 90 days, two institutions have provided ratings for the stock, with one rating it as a buy and another as an increase, while the average target price set by institutions is 2.0 yuan [5].

Group 1 - The core point of the announcement is that Guangdong Guanhao High-tech Co., Ltd. plans to reduce its shareholding by approximately 17.5 million shares, which is no more than 1% of the total shares, to optimize state-owned capital layout and focus on its main business [1] - Guangdong Yuecai Venture Capital Co., Ltd. currently holds about 77.6 million shares, accounting for 4.43% of the total share capital, while its concerted actions with Guangzhou Runhua Real Estate Co., Ltd. and Guangdong Yuecai Industrial Development Co., Ltd. hold approximately 103 million shares, representing 5.91% of the total [1] - The reduction will take place within three months after the announcement, starting 15 trading days from the date of disclosure, and the selling price will be determined based on market conditions at the time of the sale [1] Group 2 - For the fiscal year 2024, Guanhao High-tech's revenue composition is as follows: special paper accounts for 75.7%, special materials 18.51%, color printing products 3.79%, and other businesses 2.01% [2] - As of the latest report, Guanhao High-tech has a market capitalization of 5.4 billion yuan [2]

Group 1: Stock Market Performance - 12 stocks had closing orders exceeding 100 million yuan, with Anzheng Fashion and Tianji Co. each surpassing 200 million yuan in closing orders [2] - The top three stocks by closing order volume were Longxin Co. (458,500 hands), Pacific Securities (344,600 hands), and Victory Precision (318,500 hands) [2] - Hongyu Packaging achieved a revenue of 321 million yuan in the first half of the year, a year-on-year increase of 5.54%, with a net profit of 12.21 million yuan, up 147.37% [2] Group 2: Company Financials - Tianji Co. reported a revenue of 1.068 billion yuan in the first half of the year, a year-on-year increase of 19.16%, but incurred a net loss of 52.36 million yuan [3] - Hongyu Packaging's net profit growth was attributed to increased sales of color-printed composite packaging products and improved gross margins due to changes in product and customer structure [2] - Anzheng Fashion's subsidiary provides e-commerce platform operations for international brands, contributing to its performance growth [5] Group 3: Industry Insights - Solid-state batteries are identified as a promising next-generation lithium battery technology, with investment opportunities arising from material innovation and accelerated industrialization [3] - The cross-border e-commerce sector is experiencing growth, with companies like Zhongyuan Home and Anzheng Fashion expanding their market presence [5] - The sports industry is leveraging events to boost cultural and tourism consumption, with companies like Lingnan Holdings and Yuanlong Yatu focusing on major sports events [6]

Group 1: Industry Overview - The paper industry is experiencing a price increase due to the traditional peak season and a dual strategy of "price hikes + shutdowns" implemented by several paper mills [1] - Major paper manufacturers such as Nine Dragons Paper, Shanying International, Lee & Man Paper, and Wuzhou Special Paper have announced price increases since early September [1] - The overall supply-demand situation in the paper industry is expected to improve in the second half of the year, indicating a proactive approach by paper companies to control market dynamics during peak demand periods [1][2] Group 2: Financial Performance - In the first half of the year, only 4 out of 23 listed paper companies in A-shares reported positive net profit growth, indicating significant pressure on the industry [2] - The average price of raw paper in the first half of the year was approximately 4218 yuan/ton, reflecting a 1.82% decrease from the previous period and an 8.06% year-on-year decline [2] - The operating rate of the industry fell below 65%, highlighting the challenges faced by paper companies [2] Group 3: Strategic Developments - Leading companies like Sun Paper have shown strong anti-cyclical characteristics by integrating the entire supply chain from forest to pulp to paper [3] - Sun Paper reported a revenue of 19.113 billion yuan and a net profit of 1.78 billion yuan, maintaining its industry leadership [3] - The company is advancing its "forest-pulp-paper integration" strategy with new projects in Guangxi, enhancing its cost control capabilities [3] Group 4: Market Trends - The upcoming peak seasons such as Mid-Autumn Festival and National Day are expected to boost downstream inventory replenishment, improving the supply-demand balance [4] - The paper industry is actively exploring overseas markets, with companies like Bohui Paper achieving significant growth in export business [5] - Bohui Paper's export business has become a core driver of sustainable development, supported by a strategic focus on international markets [5][6] Group 5: Product Innovation - Bohui Paper has launched high-value-added differentiated products to meet the increasing demand for food-grade safety in overseas markets [6] - The company reported a 142% year-on-year increase in sales of internationally certified products, which have become essential for entering major global supply chains [6] - Sun Paper also saw a 72% increase in overseas sales revenue, emphasizing the importance of expanding export markets [6]

Core Viewpoint - The acquisition of 100% equity in Sichuan Jinfeng Paper Industry by Hengfeng Paper Industry is seen as a crucial step to strengthen industry chain integration and accelerate the implementation of internationalization strategies [2][3]. Group 1: Acquisition Details - Hengfeng Paper Industry has announced plans to acquire Sichuan Jinfeng Paper Industry, which has a strong presence in the cigarette paper sector and holds a rare tobacco production license [2]. - The acquisition aims to address Hengfeng's capacity constraints and enhance its production capabilities, as existing facilities lack expansion space [2][5]. - The deal is expected to help Hengfeng Paper Industry overcome production bottlenecks and achieve significant scale growth [2][5]. Group 2: Industry Context - The acquisition aligns with national policies promoting mergers and acquisitions in the paper industry, particularly through structural reforms to eliminate outdated capacity [3][4]. - The "14th Five-Year Plan" for the paper industry emphasizes optimizing enterprise structures and encouraging mergers to enhance operational management [2][3]. Group 3: Strategic Benefits - The merger is anticipated to create synergies through resource complementarity, with Hengfeng's strong R&D capabilities and brand influence combined with Jinfeng's production capacity and geographic advantages [4][5]. - The strategic layout of having "one south and one north" production base will reduce transportation costs and enhance supply chain resilience, catering to regional production needs in the tobacco industry [6]. - The acquisition is expected to provide Hengfeng with a competitive edge in expanding into international markets, particularly in Europe and emerging markets [6]. Group 4: Financial Performance - Hengfeng Paper Industry reported a revenue of 1.353 billion yuan for the first half of 2025, a year-on-year increase of 12.78%, with net profit reaching 94.937 million yuan, up 69.06% [6]. - The company's performance is attributed to ongoing improvements in management efficiency, supply chain optimization, and cost control measures [6].