提及成功人士，许多人首先会想到那些在富豪榜上常年占据一席之地，身价过亿的男性人物，比如马 云、王健林等，他们的名字几乎成为商业成功的代名词。人们常常为这些在生意场上叱诧风云的男性感 到敬佩和羡慕，但鲜有人知道，在这其中，居然也有一位巾帼不让须眉的女性，她的名字叫张茵，她的 一生充满了传奇色彩，跌宕起伏，犹如过山车一般，创造了一个又一个不可思议的奇迹。她不仅是新中 国的第一位女性首富，更是以不屈不挠的精神，成为了当之无愧的商业传奇。 不惧香港黑帮，靠废纸 发家致富 张茵出生于一个贫困的家庭，是家中长女，有着六个兄弟姐妹。作为家里的顶梁柱，张茵从 小就承担起了家计重担，早早地便开始了独立谋生的生活。起初，她在深圳的一家公司做财会工作，工 资虽然不算丰厚，但足够支撑她的日常开销，生活过得安稳。 然而，一次偶然的机会让她看到了废纸回收中的商机。那时中国正处于迅猛发展的时期，废纸和木浆供 不应求，尤其是香港的废纸行业，充满了无尽的潜力。在那个年代，废纸的回收生意是一个不小的商 机，但也充满了风险。张茵毫不犹豫地放弃了稳定的工作，带着仅有的三万块钱，孤身一人前往香港， 从事废品收集的行业。这一决定在当时被很多人看作是极其 ...

| The Sec | | | | | | | --- | --- | --- | --- | --- | --- | | 同一 | 1 | সা | -11 | The First | 12 | | F | 窩味州王 | | | | | | 1 | 7 | | | | | | . | | | | | | 20世纪以来的考古发现,为"蔡伦前纸"提供了关键实证。1933年,黄文弼在罗布泊北岸汉代烽燧遗址发 现"罗布淖尔纸",麻质、白色、粗糙不均,断代不晚于西汉成帝时期,开启了古纸考古的序幕。1957年西安 灞桥西汉墓出土的"灞桥纸",88片残片被压于铜镜之下,经多次科学检测,确认为以大麻为原料的植物纤维 纸,断代不晚于汉武帝时期。 此后,甘肃居延金关纸、陕西扶风中颜纸、敦煌马圈湾纸、天水放马滩纸等相继现世。其中,1986年出土 的放马滩纸绘有墨线地图,断代约为西汉文景时期,若确认属于植物纤维纸,则将书写用纸的历史改写至公 元前2世纪。1990年敦煌悬泉置遗址出土了近500片古纸,其中3片汉武帝至昭帝时期的残片上写有药材名, 成为迄今所见最早的书写纸。 随着越来越多实证的出现,"蔡伦改进说"渐成主流。如今学界普遍 ...

（来源：衢州日报） 我国首部针对全民阅读的行政法规《全民阅读促进条例》（以下简称《条例》）自2月1日起施行，引起 全社会高度关注。阅读是"私事"，如今却上升到国家法律层面来"促进""保障"，让每个想读书的人都能 公平地享有与智慧共鸣的快乐，足见其意义之深远。 最是书香能致远。翻开五千年中华文明史，以各种形式存在的"书籍"，是中华民族精神血脉代代传承、 生生不息的重要载体。"为往圣继绝学"的古代士大夫理想追求，影响至今，依然励志。悬梁刺股、凿壁 偷光、牛角挂书、手不释卷等读书故事，让现代人在回味中体悟读书的意义和价值。我们不认同"书中 自有黄金屋，书中自有颜如玉"的庸俗理解，但一个飘荡着书香气的社会，才可能是一个和谐有礼的社 会；一个散发着书香气的时代，才可能是一个创新涌动的时代；每个蕴含书卷气的个体，才可能拥有充 盈达观的人生。"学不可以已。"阅读是一种思想与另一种思想的对话，读一本书并不一定能改变命运， 但持续的读书定会让我们站得更高、看得更广、走得更远。 在知识以倍速节奏加快更新的时代，我们该怎么读好书、善读书？《条例》以法治之力，推动覆盖城乡 的阅读设施建设，让图书馆、社区书屋、文化驿站如同城市的毛细血 ...

（原标题：大摩：料玖龙纸业(02689)今年业绩稳健 评级"与大市同步"） 该行预测，集团2026全年业绩稳健，上半年对造纸商而言是传统消费淡季，期间或意味着纸价会有小幅 修正。但大摩认为集团优化的产品结构及更佳的成本表现，应能缓冲消费淡季需求放缓的影响，从而为 集团带来全年盈利稳健。 智通财经APP获悉，摩根士丹利发布研报称，予玖龙纸业(02689)目标价6港元，评级"与大市同步"。玖 龙纸业预计2026年上半年净利润将同比增216%至231%，达到21.5亿至22.5亿元人民币(下同)，略高于该 行预测的20亿元，总体大致符合预期。 ...

Core Viewpoint - The article discusses the tax incentives provided by the government to promote the recycling and utilization of renewable resources, which are crucial for rural revitalization and agricultural economic development. Group 1: Tax Incentives for Biomass and Renewable Resources - From March 1, 2022, a 100% VAT refund policy is implemented for products made from specific renewable resources such as kitchen waste, animal manure, and agricultural residues [4] - Taxpayers must obtain VAT invoices for the recycled resources purchased domestically to qualify for the refund policy [5] - The sales revenue from products that do not meet the invoice requirements will not be eligible for the VAT refund [5][12] Group 2: Conditions for Enjoying Tax Benefits - Taxpayers must maintain a record of the recycled resources acquired, including supplier details, resource type, quantity, price, and whether VAT invoices were obtained [6] - The products sold must not fall under the categories of eliminated or restricted projects as per the industrial structure adjustment guidance [6] - The products must not be classified as high pollution or high environmental risk according to the environmental protection catalog [6] Group 3: Specific Tax Refund Policies - A 90% VAT refund policy applies to products made from agricultural residues such as straw and corn cobs [11] - A 70% VAT refund policy is available for biodiesel and industrial-grade mixed oil produced from waste animal and plant oils [18] - A 50% VAT refund policy is applicable for paper pulp and paper produced from agricultural straw [26] Group 4: Compliance and Regulatory Requirements - Taxpayers must not have received administrative penalties for violating environmental protection laws in the six months prior to applying for the tax refund [8] - Taxpayers must provide a written declaration to the tax authority confirming compliance with the relevant technical standards and conditions [8][14] - The raw materials used in the products must consist of at least 70% from the specified renewable resources [15][39]

Group 1 - The core viewpoint is that the Federal Reserve's entry into a rate-cutting cycle may stimulate demand while simultaneously weakening the profits of pulp companies in Brazil, leading to supply control and driving pulp prices upward [2] - The industry is currently at a valuation and profit bottom, with paper prices at historical low percentiles and pulp prices also at low levels, indicating a safety margin for the sector [2] - The historical negative correlation between pulp prices and the US dollar index suggests that the Fed's rate cuts could be a key catalyst for price increases in the pulp market [2] Group 2 - Supply of commodity pulp is slowing, with limited new overseas capacity expected after 2025, and domestic self-sufficient pulp production is projected to add approximately 660 million tons from 2025 to 2026 [3] - Short-term demand remains resilient, with global hardwood pulp shipments expected to increase by 7% year-on-year, primarily driven by demand from China [4] - Current inventory levels are at a medium-low position, with global hardwood pulp producer inventory days at 44.7 days, indicating a strong price outlook for Q1 2026 [4] Group 3 - The cost of pulp varies significantly based on raw materials, with domestic pulp relying on imported wood chips having a cash cost of approximately $480 per ton, while using domestic wood chips can reduce costs to $420 per ton [4]

Core Viewpoint - Minfeng Special Paper Co., Ltd. expects a significant decline in net profit for the year 2025, projecting a net profit of approximately 15.7 million yuan, a year-on-year decrease of about 78% [1] Financial Performance - The company anticipates a net profit attributable to the parent company of around 15.7 million yuan, down approximately 78% year-on-year [1] - The net profit after deducting non-recurring gains and losses is expected to be about 6 million yuan, reflecting a year-on-year decrease of approximately 92% [1] Operational Challenges - The decline in performance is primarily attributed to the impact of the main business operations, with two paper machines (PM20 and PM22) ceasing operations in late May and late August 2024, respectively, leading to unmet production targets in 2025 [1] - The complete shutdown of the Nanhu plant in June 2025 and the ongoing ramp-up phase of the first and second phases of the Haiyan plant project have resulted in a year-on-year decrease in overall production and sales volume [1] Market Conditions - The market for the company's main products is highly competitive, resulting in a year-on-year decrease in selling prices, which has negatively impacted the annual performance of Minfeng Special Paper [1]

Group 1 - The company Minfeng Special Paper expects a net profit attributable to shareholders of approximately 15.7 million yuan for the year 2025, representing a decrease of about 78% compared to the same period last year, which is a reduction of 56.3 million yuan [1] - The main reason for the performance change is the impact on the core business, as the company's PM20 and PM22 paper machines will cease operations by the end of May and August 2024, respectively, resulting in no production during the reporting period [1] - The company’s Nanh Lake plant is scheduled to fully shut down by the end of June 2025, leading to simultaneous shutdowns of PM1 and PM21, with no production expected in the second half of 2025 [1] Group 2 - Despite the commencement of production for the first and second phases of the Haiyan plant project by the end of March and June 2025, respectively, the capacity is still in the ramp-up phase, causing a year-on-year decrease in overall production and sales volume [1] - The company recorded a decrease in operating income and operating profit due to the decline in production and sales volume, as well as a reduction in other income attributed to a decrease in the value-added tax payable of 11.0435 million yuan, which will be accounted for in the first quarter of 2024 [1] - Increased depreciation expenses are expected as the first and second phase projects transition from construction in progress to fixed assets in April and July 2025, respectively, alongside rising financial costs contributing to the decline in operating profit [1]

Core Viewpoint - Minfeng Special Paper (600235.SH) is expected to see a significant decline in net profit for the year 2025, with projections indicating a decrease of approximately 78% compared to the previous year [1] Financial Performance - The estimated net profit attributable to the parent company for 2025 is around 15.7 million yuan, a decrease of 56.3 million yuan year-on-year [1] - The estimated net profit after deducting non-recurring gains and losses for 2025 is around 6 million yuan, reflecting a decrease of 65.57 million yuan year-on-year, which is approximately a 92% decline [1] Production Changes - The company's PM20 and PM22 paper machines are scheduled to cease operations by the end of May and August 2024, respectively, resulting in no production from these machines during the reporting period [1] - The South Lake plant is set to fully shut down by the end of June 2025, leading to the simultaneous cessation of production from PM19 and PM21, with no output expected in the second half of 2025 [1] Capacity and Revenue Impact - Despite the commissioning of the first and second phases of the Haiyan plant project by the end of March and June 2025, respectively, the production capacity is still ramping up, contributing to a year-on-year decline in overall production and sales volume [1] - This decline in production and sales has resulted in a decrease in both operating revenue and operating profit compared to the previous year [1]

Group 1 - The core viewpoint of the report from Founder Securities indicates that rising raw material prices and a strong currency are likely to improve profitability in the paper industry, particularly benefiting integrated pulp and paper companies with high self-sourcing ratios [1] - As of December 25, 2025, the Shenwan Paper Industry Index rose by 3.68%, ranking third among Shenwan's secondary industry indices for the day [1] - The appreciation of the Renminbi is expected to benefit pulp and paper companies on the cost side, as the industry relies on approximately 60% imported pulp, leading to optimized procurement costs due to the recent currency strengthening [1] Group 2 - Overseas pulp manufacturers have continued to raise prices, with Brazil's Suzano announcing a price increase of $20 per ton for the Asian market, marking the fourth price hike in 2025 [2] - Chile's Arauco also announced a $20 per ton increase for both softwood and hardwood pulp, providing cost support for domestic paper price increases [2] Group 3 - Domestic paper companies are issuing price increase notices in response to rising raw material costs, with companies like Sun Paper, Asia Pacific Forest Products, APP (China), and Bohui Paper raising prices by 200 yuan per ton starting January 1, 2026 [3]