公告称，潍坊兴晨及吉林兴晨均系潍坊市县两级政府为协助公司化解债务风险、推动复工复产而专门设 立的国有全资下属公司，集团拟为潍坊兴晨、吉林兴晨提供担保，旨在保障其融资业务顺利开展，为公 司复工复产提供稳定的资金支持，确保生产原料的及时采购与供应，有序推动公司各生产基地恢复正常 生产，增强公司的盈利能力和偿债能力，有效化解公司债务风险，实现持续稳健运营。潍坊兴晨和吉林 兴晨均未提供反担保，其资信状况良好，不存在违约风险，不存在损害公司及股东尤其是中小股东的利 益的情形。 为满足贷款资金提款条件，该公司附属公司寿光坤和拟以其持有的位于寿光市的部分土地及房产为潍坊 兴晨本次银团贷款提供抵押担保，担保金额不超过人民币20,635.41万元，担保期限不超过5年;公司附属 公司晨鸣租赁拟以其持有的位于寿光市的部分土地及房产为潍坊兴晨本次银团贷款提供抵押担保，担保 金额不超过人民币2,334.5万元，担保期限不超过5年。 为满足吉林基地生产经营的资金需求，潍坊兴晨全资附属公司吉林兴晨将与吉林银行股份有限公司吉林 吉营支行合作开展贷款业务。为保障业务顺利开展，公司拟为吉林兴晨提供连带责任保证担保，公司附 属公司吉林晨鸣拟以其持 ...

PresentationHello, everyone, and a warm welcome to the AUSTRIA on AIR Conference. My name is Sarah, and I will be your host for today's roundtable of the Mayr-Melnhof Karton AG, short say MM Group. And I'm delighted to welcome the Head of Investor Relations and Corporate Communications, Stephan Sweerts-Sporck, who will give us some insights just in a moment.Stephan Sweerts-SporckHead of Investor Relations & Corporate Communications Thank you, Sarah. Hello, and still good morning to everybody. I'm delighted ...

说起纸张，相信每个人都不会陌生，在我们的日常生活之中，纸张似乎是无处不在的，无论是买各种东西的小票纸袋，还是寄快递的纸箱，亦或日常工作中 的各种文件，似乎纸已经是我们生活中最便宜也最常见的物品，然而就在最近纸张涨价的消息传来，我们到底该怎么看这件事呢？ 一、两个月涨了10次价的纸？ 二、洛阳纸贵真的不再是成语了？ 近两个月国内纸张价格密集上调 10 次，终端市场甚至出现 "一纸难求" 的短暂缺货现象，这场被网友戏称为 "现代版洛阳纸贵" 的价格波动我们到底该怎么 看呢？ 首先，纸张价格的持续上涨，并非偶然现象，而是多重供需矛盾长期积累、集中爆发的必然结果。近期，国内多地纸企密集发布调价函，部分品类在短短两 个月内累计提价高达10次，引发社会广泛关注。"洛阳纸贵"这一源自西晋时期的成语，如今正以一种令人啼笑皆非的方式重返现实。这种频繁且显著的价格 上行，并非企业单方面的市场操纵，而是产业链上下游结构性变化与短期市场扰动共同作用下的系统性结果，这才是我们需要关注的重点。 据央视财经的报道，近日，多家包装纸企业发布了新一轮调价函，据不完全统计，这已经是8月以来的第10次涨价。 其次，从供给端来看，当前市场的涨价是两 ...

据天眼查APP显示，山东博汇纸业股份有限公司成立于1994年04月29日。注册资本133684.4288万人民 币。（数据宝） 博汇纸业9月25日大宗交易平台共发生2笔成交，合计成交量6684.23万股，成交金额3.23亿元。成交价格 均为4.83元。 进一步统计，近3个月内该股累计发生5笔大宗交易，合计成交金额为5.01亿元。 证券时报·数据宝统计显示，博汇纸业今日收盘价为4.83元，下跌1.23%，日换手率为0.58%，成交额为 3792.16万元，全天主力资金净流出1.11万元，近5日该股累计下跌3.40%，近5日资金合计净流出1836.83 万元。 两融数据显示，该股最新融资余额为1.73亿元，近5日增加124.43万元，增幅为0.72%。 机构评级来看，近5日共有1家机构给予该股评级，预计目标价最高的是国泰海通证券，9月19日国泰海 通证券发布的研报预计公司目标价为6.26元。 9月25日博汇纸业大宗交易一览 | 成交量 | 成交金 | 成交价 | 相对当日收 | | | | --- | --- | --- | --- | --- | --- | | （万 | 额（万 | 格 | 盘折溢价 | 买方 ...

9月24日，玖龙纸业在港交所公告，截至2025年6月30日止的2025财政年度，集团销量增加9.6%至约 2150万吨；收入增加约6.3%至人民币632.405亿元；毛利润增加约26.9%至人民币72.451亿元；净利润增 加约177.3%至人民币22.017亿元；公司权益持有人应占盈利增加约135.4%至人民币17.671亿元；每股基 本盈利增加约137.5%至人民币0.38元。 ...

Core Viewpoint - The company disclosed its indirect investment in Yushu Robotics through its subsidiary, indicating a strategic interest in the robotics sector [1] Group 1 - The company, through its wholly-owned subsidiary Shanghai Jingxing Industrial Investment Co., Ltd., has invested 20 million yuan in the Rongteng Fund, which in turn has invested the same amount in Yushu Technology [1] - The company's holding in the Rongteng Fund is approximately 1.6667% [1] - The total investment amount from the Rongteng Fund into Yushu Technology is also 20 million yuan [1]

Core Viewpoint - Nine Dragons Paper Holdings Limited (玖龙纸业) has announced a significant increase in expected profits for the fiscal year ending June 30, 2025, projecting earnings between RMB 2.1 billion and RMB 2.3 billion, representing a growth of 165% to 190% compared to last year's RMB 794 million [1] Group 1 - The company's profit growth is primarily attributed to an increase in sales and a notable decline in raw material costs, which decreased at a faster rate than product prices, leading to an increase in gross profit [1] - The company plans to issue USD 400 million in perpetual capital securities in June 2024, with an expected attributable profit of approximately RMB 400 million for the current year from these securities [1] - The projected attributable profit for equity holders is estimated to be between RMB 1.7 billion and RMB 1.9 billion, marking an increase of 126% to 153% from last year's RMB 751 million [1]

Core Viewpoint - Nine Dragons Paper Holdings Limited (玖龙纸业) has announced a significant increase in expected profits for the fiscal year ending June 30, 2025, projecting earnings between RMB 2.1 billion and RMB 2.3 billion, representing a growth of 165% to 190% compared to last year's RMB 794 million [1] Group 1 - The company's profit growth is primarily attributed to an increase in sales and a notable decline in raw material costs, which decreased at a faster rate than the drop in product prices, thereby boosting gross margins [1] - The company plans to issue USD 400 million in perpetual capital securities in June 2024 [1] - The expected profit attributable to perpetual capital securities holders for the current year is approximately RMB 400 million, leading to an anticipated profit attributable to equity holders of around RMB 1.7 billion to RMB 1.9 billion, an increase of 126% to 153% from last year's RMB 751 million [1]

Core Viewpoint - Minfeng Special Paper (600235.SH) reported a significant decline in both revenue and net profit for the first half of 2025, indicating operational challenges and reduced production capacity due to the shutdown of key paper machines [1] Financial Performance - The company achieved a revenue of 601 million yuan, a year-on-year decrease of 23.21% [1] - Net profit attributable to shareholders was 15.07 million yuan, down 68.88% year-on-year [1] - The net profit excluding non-recurring gains and losses was 15.04 million yuan, also down 68.92% year-on-year [1] - Basic earnings per share were 0.043 yuan [1] Reasons for Decline - The shutdown of PM20 and PM22 paper machines in May and August 2024, respectively, led to a significant reduction in production capacity, resulting in lower overall sales volume and revenue [1] - A one-time adjustment of 11.04 million yuan in VAT credits recorded in Q1 2024 negatively impacted other income for the current period, contributing to the decline in operating profit [1] - A decrease in interest income and an increase in financial expenses further pressured operating profit [1]

Financial Data and Key Metrics Changes - The company reported that sales, operational cash generation, and EBITDA were in line with expectations for the quarter [10][11] - Net debt remained stable at $13 billion, with net leverage increasing to 3.1 times due to a reduction in last twelve month EBITDA to $4.2 billion [28][29] - Cash costs declined compared to the first quarter, driven by stronger operational performance and lower fixed costs [25][26] Business Line Data and Key Metrics Changes - Brazilian operations saw stronger sales volumes and lower costs compared to Q1, with EBITDA growth year-over-year [12][13] - U.S. operations experienced a 3% price increase quarter-over-quarter, driven by product mix and better commercial location [13] - The paper and packaging business in the U.S. is expected to deliver positive EBITDA in Q3, with lower costs and higher production volumes anticipated [16][58] Market Data and Key Metrics Changes - In Brazil, print and write demand rose 6% year-over-year, with domestic sales also increasing by 6% [14] - Uncoated wood free paper demand remained stable in North America and Latin America but declined by 10% in Europe [14] - The U.S. market for boxboard demand was stable, while demand for SBS boards increased by 1% [15] Company Strategy and Development Direction - The company is focusing on competitiveness and cost reduction, with an emphasis on executing existing deals rather than pursuing new M&A initiatives [10][11] - A deal with Eldorado is expected to provide an internal return of around 20%, allowing for increased production at the Ribba's mill without significant investment [6][42] - The company plans to maintain a focus on deleveraging and improving operational competitiveness [10][88] Management's Comments on Operating Environment and Future Outlook - Management noted that the cash cost trend is expected to continue decreasing in the upcoming quarters [10][25] - The company is monitoring market dynamics closely, particularly in light of recent price corrections and supply-demand imbalances [22][72] - Management expressed confidence in the recovery of order intake in China and the potential for price increases due to supply constraints [22][23] Other Important Information - The company has built inventories in the U.S. to mitigate the impact of 50% import duties imposed by the U.S. government [17] - The company is planning to redirect the majority of its exports from the U.S. to other regions [17] - The company maintains a healthy amortization schedule with more than six years of average maturity [28] Q&A Session Summary Question: What are the changing dynamics in the pulp scenario that allowed for the $20 price increase for Asia? - Management noted high order intake levels in China since June, indicating a supportive market environment for price increases [32][34] Question: Can you elaborate on the internal rate of return of the deal with Eldorado? - The internal rate of return is expected to be around 20%, driven by optimized harvesting and reduced operational costs [40][42] Question: What is the expected normalized production level if pulp prices remain below $550 per ton? - The company has a detailed analysis on production costs and has decided to reduce production to maintain profitability [46][47] Question: What are the main opportunities identified in the U.S. packaging market? - The company is expanding its market reach and has seen significant growth in cup stock sales, indicating strong opportunities for profitability [60] Question: How are negotiations regarding the 10% tariff on U.S. exports going? - The company successfully negotiated that customers will bear the 10% tariff, ensuring that Suzano will not absorb this cost [97] Question: What is the status of the Kimberly Clark acquisition? - Dedicated teams have been established to plan the carve-out of the new joint venture, with the project progressing as planned [98]