Group 1 - The stock price of Shanying International is 1.92 yuan as of August 6, 2025, remaining unchanged from the previous trading day, with a trading volume of 1.8055 million hands and a transaction amount of 345 million yuan [1] - Shanying International operates in the paper printing industry, with main businesses including paper manufacturing, packaging, and trade [1] - The company announced plans to establish a partnership by utilizing 100% equity of its subsidiary Guangdong Shanying and 36.56% equity of Xiangheng Creative, aiming to raise no more than 748 million yuan [1] Group 2 - For the year 2024, Shanying International reported an operating revenue of 29.229 billion yuan, a year-on-year decrease of 0.35%, and a net profit attributable to shareholders of -450 million yuan [1] - In the first quarter of 2025, the company achieved an operating revenue of 6.766 billion yuan, a year-on-year increase of 1.45%, but the net profit attributable to shareholders decreased by 16.00% to 32.8145 million yuan [1] - As of the end of the first quarter, the company had short-term borrowings of 15.363 billion yuan and cash and cash equivalents of 4.757 billion yuan [1]