证券之星消息，截至2026年2月27日收盘，山鹰国际(600567)报收于1.75元，上涨1.16%，换手率 2.51%，成交量158.36万手，成交额2.75亿元。 2月27日的资金流向数据方面，主力资金净流入2719.49万元，占总成交额9.9%，游资资金净流出 2062.81万元，占总成交额7.51%，散户资金净流出656.68万元，占总成交额2.39%。 近5日资金流向一览见下表： 该股主要指标及行业内排名如下： 山鹰国际2025年三季报显示，前三季度公司主营收入211.33亿元，同比下降2.17%；归母净利润-2.9亿 元，同比下降522.74%；扣非净利润-4.12亿元，同比上升6.32%；其中2025年第三季度，公司单季度主 营收入72.91亿元，同比下降0.77%；单季度归母净利润-3.31亿元，同比下降636.03%；单季度扣非净利 润-3.47亿元，同比下降4.37%；负债率67.69%，投资收益3795.2万元，财务费用6.24亿元，毛利率 7.91%。山鹰国际（600567）主营业务：箱板纸、瓦楞原纸、特种纸、纸板及纸制品包装的生产和销售 以及国内外回收纤维贸易业务。 该股最近90天内 ...

证券之星消息，截至2026年2月24日收盘，山鹰国际(600567)报收于1.65元，上涨1.23%，换手率 1.27%，成交量80.23万手，成交额1.32亿元。 2月24日的资金流向数据方面，主力资金净流出195.61万元，占总成交额1.48%，游资资金净流出253.6 万元，占总成交额1.92%，散户资金净流入449.21万元，占总成交额3.39%。 山鹰国际2025年三季报显示，前三季度公司主营收入211.33亿元，同比下降2.17%；归母净利润-2.9亿 元，同比下降522.74%；扣非净利润-4.12亿元，同比上升6.32%；其中2025年第三季度，公司单季度主 营收入72.91亿元，同比下降0.77%；单季度归母净利润-3.31亿元，同比下降636.03%；单季度扣非净利 润-3.47亿元，同比下降4.37%；负债率67.69%，投资收益3795.2万元，财务费用6.24亿元，毛利率 7.91%。山鹰国际（600567）主营业务：箱板纸、瓦楞原纸、特种纸、纸板及纸制品包装的生产和销售 以及国内外回收纤维贸易业务。 该股最近90天内共有2家机构给出评级，买入评级1家，增持评级1家。 资金流向名词解 ...

Core Viewpoint - The financial performance of Shanying International (600567) shows a decline in revenue and profit for the first three quarters of 2025, indicating potential challenges in the company's operations and market conditions [2]. Financial Performance - For the first three quarters of 2025, Shanying International reported a total revenue of 21.133 billion yuan, a year-on-year decrease of 2.17% [2]. - The net profit attributable to shareholders was -290 million yuan, reflecting a significant year-on-year decline of 522.74% [2]. - The net profit excluding non-recurring items was -412 million yuan, which represents a year-on-year increase of 6.32% [2]. - In Q3 2025, the company recorded a single-quarter revenue of 7.291 billion yuan, down 0.77% year-on-year [2]. - The single-quarter net profit attributable to shareholders was -331 million yuan, showing a drastic year-on-year decline of 636.03% [2]. - The single-quarter net profit excluding non-recurring items was -347 million yuan, down 4.37% year-on-year [2]. - The company's debt ratio stood at 67.69%, with investment income of 37.952 million yuan and financial expenses of 624 million yuan [2]. - The gross profit margin was reported at 7.91% [2]. Stock Performance and Market Sentiment - As of February 11, 2026, Shanying International's stock closed at 1.67 yuan, with an increase of 1.21% [1]. - The turnover rate was 1.94%, with a trading volume of 1.2268 million hands and a total transaction value of 204 million yuan [1]. - On February 11, the net inflow of main funds was 18.1837 million yuan, accounting for 8.92% of the total transaction value, while retail funds saw a net outflow of 2.8717 million yuan, representing 1.41% of the total transaction value [1]. Analyst Ratings - In the last 90 days, two institutions provided ratings for the stock, with one giving a "buy" rating and another an "increase" rating [3].

Core Viewpoint - The stock of Shanying International (600567) has shown a slight increase, with a closing price of 1.65 yuan on February 9, 2026, reflecting a 1.23% rise, despite a net outflow of main funds [1] Financial Performance - Shanying International's total market value is 10.407 billion yuan, ranking 5th in the paper and printing industry, which has an average market value of 7.22 billion yuan [2] - The company reported a net asset of 17.017 billion yuan, ranking 2nd in the industry, while its net profit stands at -290 million yuan, placing it 39th [2] - The company's earnings per share (EPS) is -26.95, with a price-to-book ratio of 0.64, ranking 1st in the industry [2] - The gross margin is 7.91%, significantly lower than the industry average of 14.96%, ranking 34th [2] - The net profit margin is -1.53%, compared to the industry average of -0.15%, ranking 35th [2] - The return on equity (ROE) is -1.93%, ranking 36th in the industry [2] Recent Financial Results - For the first three quarters of 2025, Shanying International reported a main revenue of 21.133 billion yuan, a year-on-year decrease of 2.17%, and a net profit attributable to shareholders of -290 million yuan, a decline of 522.74% [2] - In Q3 2025, the company recorded a single-quarter main revenue of 7.291 billion yuan, down 0.77% year-on-year, with a net profit of -331 million yuan, a decrease of 636.03% [2] - The company has a debt ratio of 67.69%, with investment income of 37.952 million yuan and financial expenses of 624 million yuan [2] Market Sentiment - In the last 90 days, two institutions have provided ratings for the stock, with one buy rating and one hold rating [3]

Core Viewpoint - The financial performance of Shanying International (600567) shows a decline in revenue and profit for the first three quarters of 2025, indicating potential challenges in the company's operations and market conditions [2]. Financial Performance - For the first three quarters of 2025, Shanying International reported a total revenue of 21.133 billion yuan, a year-on-year decrease of 2.17% [2]. - The net profit attributable to shareholders was -290 million yuan, reflecting a significant year-on-year decline of 522.74% [2]. - The company's net profit excluding non-recurring items was -412 million yuan, which represents a year-on-year increase of 6.32% [2]. - In Q3 2025, the company recorded a single-quarter revenue of 7.291 billion yuan, down 0.77% year-on-year [2]. - The single-quarter net profit attributable to shareholders was -331 million yuan, showing a drastic year-on-year decline of 636.03% [2]. - The single-quarter net profit excluding non-recurring items was -347 million yuan, down 4.37% year-on-year [2]. - The company's debt ratio stood at 67.69%, with investment income of 37.952 million yuan and financial expenses of 624 million yuan [2]. - The gross profit margin was reported at 7.91% [2]. Stock Performance - As of February 5, 2026, Shanying International's stock closed at 1.63 yuan, with no change in price [1]. - The turnover rate was 1.25%, with a trading volume of 787,400 hands and a total transaction value of 129 million yuan [1]. - On February 5, the net outflow of main funds was 7.7365 million yuan, accounting for 6.01% of the total transaction value [1]. - Retail investors saw a net inflow of 4.4006 million yuan, representing 3.42% of the total transaction value [1]. - The stock received ratings from two institutions in the last 90 days, with one buy rating and one hold rating [3].

分析师 1: 好的。那个各位投资者大家下午好，欢迎大家参加我们今天策略会一个线上交流那么本场 是这个荣盛环保的一个线上交流。我们今天非常有幸的邀请到了公司的董秘胡总，以及财 务总监沈总来跟我们交流。那么首先我们还是想先请胡总，就是您这边能否先简单对我们 25 年或者是说四季度的一个基本面进行一个更新，以及我们以及我们这个 2026 年我们公 司的一些新的一些这个想法。 荣盛环保董秘胡总: 好的，王老师，您好。各位投资者大家下午好，非常感谢华福证券给我们这样一个交流的 平台。那我们公司，主营业务，是主要从事牛皮箱板纸、瓦楞原纸等再生环保纸产品以及 瓦楞纸板纸箱的生产制造，主要处于我们整个行业产业链的一个中游。那应该讲 2025 年 四季度来讲，整个的整体经济形势，就是按照我们 25 年的一个整体的一个趋势，还是大 体趋势是不变的。那具体的，我们在四季度整体的价格上面，还是稍微有一些。略有向好 的一些趋向。所以在整个的一个我们库存管控，第二个我们产品的一个投放市场上面，在 季度整体形势还是相对还是比较乐观的。 大体情况是这样。那这，至于我们 2026 年的一个，我们讲我们公司从整个的经营目标来 讲，我们 25 年 ...

Group 1 - The core viewpoint of the article highlights the recent performance and financial metrics of Shanying International (600567), indicating a decline in both revenue and net profit for the first three quarters of 2025 compared to the previous year [1] - As of February 2, 2026, Shanying International's stock closed at 1.61 yuan, down 2.42%, with a trading volume of 993,600 hands and a total transaction amount of 162 million yuan [1] - The company's main business includes the production and sales of boxboard paper, corrugated paper, specialty paper, paperboard, and paper packaging products, as well as domestic and international fiber recycling trade [1] Group 2 - For the first three quarters of 2025, Shanying International reported a main revenue of 21.133 billion yuan, a year-on-year decrease of 2.17%, and a net profit attributable to shareholders of -290 million yuan, a year-on-year decline of 522.74% [1] - The third quarter of 2025 saw a single-quarter main revenue of 7.291 billion yuan, down 0.77% year-on-year, and a net profit attributable to shareholders of -331 million yuan, a year-on-year decrease of 636.03% [1] - The company's debt ratio stands at 67.69%, with investment income of 37.952 million yuan and financial expenses of 624 million yuan, resulting in a gross profit margin of 7.91% [1]

Core Viewpoint - The company, Shanying International (600567), has announced a forecasted net loss for 2025, projecting a loss between 850 million to 1 billion yuan, compared to a loss of 451 million yuan in the previous year [4]. Financial Performance - The expected net profit loss for 2025 is between 850 million to 1 billion yuan, with a non-recurring net profit loss projected between 1.05 billion to 1.2 billion yuan, compared to a loss of 843 million yuan in the previous year [4]. - The company's price-to-book ratio (P/B) is approximately 0.7 times, and the price-to-sales ratio (P/S) is about 0.37 times based on the latest closing price [4]. Business Operations - The main business of the company includes the production and sales of boxboard paper, corrugated paper, specialty paper, paperboard, and paper products packaging, as well as domestic and international fiber recycling trade [14]. - The forecasted losses are attributed to a decline in gross profit margin and reduced investment income, primarily due to the sale of Nordic Paper's equity in the previous period and decreased investment income from joint ventures [15]. Market Valuation - The company's recent financial metrics indicate that when the company is in a loss position, the price-to-earnings ratio (P/E) becomes negative, making it less meaningful for valuation, thus the price-to-book and price-to-sales ratios are referenced instead [16][18].

Core Viewpoint - The financial performance of Shanying International (600567) shows a decline in revenue and profit for the first three quarters of 2025, indicating potential challenges in the company's operations and market conditions [2]. Financial Performance - For the first three quarters of 2025, Shanying International reported a main revenue of 21.133 billion yuan, a year-on-year decrease of 2.17% [2]. - The net profit attributable to shareholders was -290 million yuan, a significant year-on-year decline of 522.74% [2]. - The net profit excluding non-recurring items was -412 million yuan, which represents a year-on-year increase of 6.32% [2]. - In Q3 2025, the company recorded a single-quarter main revenue of 7.291 billion yuan, down 0.77% year-on-year [2]. - The single-quarter net profit attributable to shareholders was -331 million yuan, reflecting a drastic year-on-year decline of 636.03% [2]. - The single-quarter net profit excluding non-recurring items was -347 million yuan, down 4.37% year-on-year [2]. - The company's debt ratio stands at 67.69%, with investment income of 37.952 million yuan and financial expenses of 624 million yuan [2]. - The gross profit margin is reported at 7.91% [2]. Stock Performance - As of January 22, 2026, Shanying International's stock closed at 1.68 yuan, with an increase of 1.2% [1]. - The turnover rate was 1.62%, with a trading volume of 1.0237 million hands and a transaction amount of 172 million yuan [1]. - On January 22, the net inflow of main funds was 11.2426 million yuan, accounting for 6.55% of the total transaction amount [1]. - Retail investors experienced a net outflow of 5.157 million yuan, representing 3.01% of the total transaction amount [1]. Analyst Ratings - In the last 90 days, two institutions have provided ratings for the stock, with one buy rating and one hold rating [3].

Group 1 - The core viewpoint of the news is that Shanying International (600567) has experienced a decline in both revenue and net profit for the first three quarters of 2025, indicating potential challenges in its financial performance [1] - As of January 20, 2026, Shanying International's stock closed at 1.68 yuan, with a trading volume of 836,500 hands and a total transaction amount of 140 million yuan [1] - The company's main business includes the production and sales of boxboard paper, corrugated paper, specialty paper, paperboard, and paper packaging products, as well as domestic and international fiber recycling trade [1] Group 2 - In the third quarter of 2025, Shanying International reported a revenue of 7.291 billion yuan, a year-on-year decrease of 0.77%, and a net profit attributable to shareholders of -331 million yuan, a significant decline of 636.03% [1] - The company's total revenue for the first three quarters of 2025 was 21.133 billion yuan, down 2.17% year-on-year, with a net profit of -290 million yuan, a decrease of 522.74% [1] - The company has a debt ratio of 67.69%, with investment income of 37.952 million yuan and financial expenses of 624 million yuan, resulting in a gross profit margin of 7.91% [1]