来源：市场资讯 （来源：中纸网） 9月26日，阳光纸业（02002）披露2025年中期报告。报告期内，公司实现营业收入35.73亿元，同比下 降9.71%；归母净利润8318.4万元，同比下降56.09%；据报告显示，阳光纸业基本每股收益为0.08元， 平均净资产收益率为1.71%。 2025年上半年，受同质化竞争越来越激烈，行业内卷越来越严重的压力，本公司收入及效益层面面临挑 战，完成机制纸销量96.7万吨，较去年同期101.5万吨下降4.73%；实现营业收入35.7亿元，较去年同期 39.6亿元下降9.7%。实现本公司拥有人应占利润8,318万元，较去年同期的18,944万元下降56.1%。得益 于内部不断沉淀的基础管理，本公司综合管理能力持续提升，流动比率由2024年底的0.88提升至当期的 0.93，并多渠道採取有效降低融资成本的策略。 在收入减低的情况下，融资成本所占收入的比例由去年同期的2.2%降低至当期的1.7%，融资成本显著 下降：受行业大环境及收购阳光王子（寿光）特种纸有限公司影响，存货周转率由去年同期的5.3次降 低至当期的5.08次，但仍处于行业较好水平，有效控制了库存资金占压，提高了企 ...

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]