【 生物基能源与材料 】 获 悉， 12月19日，麦当劳中国首席影响官顾磊在麦当劳中国绿色包装全新升级发布会上表示，近年来，麦当劳中国加速本土 化高质量发展，截至目前，全国门店数量 已超过7500家 ，员工总数超过20万人。 关键词 | 绿色包装 |麦当劳|PLA材料 今日起， 全国餐厅将陆续启用生物基新包装 ，预计每年将减少约5800吨石油基塑料的使用，加速推动餐食包装材料向可再生资源转型。 据悉， 升级后，麦当劳主要包装材料为 聚乳酸（PLA） 及 纸材 ，预计每年减少石油基塑料使用量 超5800吨 。麦当劳中国坚持绿色创新，在确保顾 客用餐体验的前提下，更负责任地选择和使用包装材料。 即日起，全国麦当劳餐厅开始陆续启用全新生物基包装—— 麦咖啡包装及饮料、新地、玉米、粥等的包装杯盖将使用PLA材料。 与此同时，部分包装 （饮料、新地、玉米等的包装杯身）也将由石油基塑料切换为纸制包材。 新升级包装呈现出"创新、环保、体验、安全"四大特点： "麦当劳中国实现生物基包装的规模化应用，进一步推动客用包装材料向可再生资源转型，这一创新填补了麦当劳全球相关领域空白。我们希望通过自 身实践，携手行业伙伴共同进步，让每 ...

即日起，全国麦当劳餐厅开始陆续启用全新生物基包装——麦咖啡包装及饮料、新地、玉米、粥等的包 装杯盖将使用PLA材料。与此同时，部分包装（饮料、新地、玉米等的包装杯身）也将由石油基塑料切 换为纸制包材。新升级包装呈现出"创新、环保、体验、安全"四大特点： 一是创新。新升级包装在研发过程中，筛选约100种包装方案，经过超200万次实操验证，实现了生物基 包装的规模化应用创新。这源于麦当劳中国与供应链伙伴的携手攻坚与本土自主研发。 北京工商大学轻工科学与工程学院执行院长、中国塑协降解塑料专委会秘书长翁云宣表示："生物基包 装材料，采用生物质为原料，通过生物技术制造，具有生物相容性好、可生物降解的特性。PLA生物基 材料受到全球的关注，是我国战略性新材料，符合国家'双碳'目标和建设美丽中国的目标。麦当劳中国 规模化应用PLA生物基材料，是颇具前瞻性的绿色包装探索，对于生物基材料产业的发展，以及餐饮行 业可持续发展均具有重要意义。" 二是环保。升级后的包装，以创新的生物基材料聚乳酸（PLA）及纸材为核心材料，预计每年减少石油 基塑料使用量超5800吨，推动包装材料向可再生资源转型。 三是体验。麦当劳中国坚持在确保顾客用 ...

Core Insights - McDonald's China will implement bio-based packaging across over 7,500 restaurants, significantly reducing petroleum-based plastic usage by more than 5,800 tons annually [1] Group 1: Packaging Transition - The new packaging materials will primarily consist of polylactic acid (PLA) and paper [1] - The transition includes using PLA for McCafé packaging and drink lids, while some packaging will switch from petroleum-based plastic to paper [1] - This initiative marks a significant step towards renewable resource utilization in packaging materials [1] Group 2: Customer Experience Enhancement - The upgraded cold drink cup lids feature a "double-arch anti-spill" design, improving leak prevention [1] - All new packaging materials have been tested by third-party authorities to ensure compliance with national food safety standards [1] Group 3: Historical Context - McDonald's China has a history of sustainable packaging initiatives, including the introduction of paper bags in 2007 and paper cup packaging for McFlurry in 2010 [1] - The company has previously implemented strawless cup lids across all restaurants in mainland China in 2020, reducing plastic usage by approximately 400 tons annually [1]

Group 1 - The core point of the news is the decline in the stock price of Shanghai Zijiang Enterprise Group Co., Ltd., which fell by 5.17% to 7.33 CNY per share, with a trading volume of 308 million CNY and a turnover rate of 2.71%, resulting in a total market capitalization of 11.118 billion CNY [1] - The company was established on November 23, 1988, and listed on August 24, 1999. Its main business includes packaging, fast-moving consumer goods trading, import-export trade, real estate, and venture capital [1] - The revenue composition of the company is as follows: beverage packaging accounts for 47.91%, paper-plastic packaging 28.32%, other businesses 7.41%, real estate development 6.86%, aluminum-plastic film 6.18%, and other supplementary businesses 3.33% [1] Group 2 - From the perspective of fund holdings, Zijiang Enterprise is a significant holding in one fund under Xinyuan Fund, specifically the Xinyuan Guozheng 2000 Index Enhanced A (018579), which held 239,400 shares, accounting for 0.79% of the fund's net value, ranking as the fourth-largest holding [2] - The fund has a total scale of 94.3095 million CNY and has achieved a return of 37.35% year-to-date, ranking 1104 out of 4212 in its category, with a one-year return of 35.17%, ranking 1061 out of 3956 [2]

Core Viewpoint - Zijiang Enterprise's stock price has shown a significant increase this year, with a year-to-date rise of 25.36% and a recent uptick of 2.06% on November 13, 2023, indicating positive market sentiment towards the company [1]. Financial Performance - For the period from January to September 2025, Zijiang Enterprise reported a revenue of 7.822 billion yuan, reflecting a year-on-year growth of 8.83%. The net profit attributable to shareholders reached 966 million yuan, marking an impressive increase of 83.05% compared to the previous year [2]. - Cumulatively, since its A-share listing, Zijiang Enterprise has distributed a total of 5.508 billion yuan in dividends, with 1.213 billion yuan paid out in the last three years [3]. Shareholder Structure - As of September 30, 2025, the number of shareholders for Zijiang Enterprise stood at 85,600, a decrease of 11.04% from the previous period. The average number of circulating shares per shareholder increased by 12.41% to 17,709 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 35.9544 million shares, a reduction of 2.6178 million shares from the previous period. Other notable shareholders include Southern CSI 1000 ETF and E Fund Yu Xiang Return Bond A, both of which also saw a decrease in their holdings [3]. Business Overview - Zijiang Enterprise, established on November 23, 1988, and listed on August 24, 1999, is primarily engaged in packaging, with a diversified business model that includes fast-moving consumer goods, import-export trade, real estate, and venture capital. The main revenue sources are beverage packaging (47.91%), paper-plastic packaging (28.32%), and real estate development (6.86%) [1].

Core Viewpoint - Zijiang Enterprise's stock price has shown a year-to-date increase of 22.35%, with a recent decline of 1.03% over the last five trading days, indicating volatility in its stock performance [1][2]. Financial Performance - For the period from January to September 2025, Zijiang Enterprise achieved a revenue of 7.822 billion yuan, reflecting a year-on-year growth of 8.83%. The net profit attributable to shareholders reached 966 million yuan, marking a significant increase of 83.05% compared to the previous year [2]. - Cumulative cash dividends distributed by Zijiang Enterprise since its A-share listing amount to 5.508 billion yuan, with 1.213 billion yuan distributed over the last three years [3]. Shareholder Structure - As of September 30, 2025, the number of shareholders for Zijiang Enterprise is 85,600, a decrease of 11.04% from the previous period. The average number of circulating shares per shareholder increased by 12.41% to 17,709 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 35.9544 million shares, a decrease of 2.6178 million shares from the previous period. Other notable shareholders include Southern CSI 1000 ETF and E Fund Yu Xiang Return Bond A, both of which also saw reductions in their holdings [3]. Business Overview - Zijiang Enterprise, established on November 23, 1988, and listed on August 24, 1999, is primarily engaged in packaging, with a diversified business model that includes fast-moving consumer goods, import-export trade, real estate, and venture capital [1]. - The company's main revenue sources are beverage packaging (47.91%), paper-plastic packaging (28.32%), and real estate development (6.86%) among others [1]. Market Activity - As of November 5, Zijiang Enterprise's stock price was 7.72 yuan per share, with a trading volume of 186 million yuan and a turnover rate of 1.62%. The total market capitalization stands at 11.709 billion yuan [1]. - The stock has experienced a recent net outflow of 1.8439 million yuan in principal funds, with significant buying and selling activity from large orders [1]. Industry Classification - Zijiang Enterprise is classified under the light industry manufacturing sector, specifically in packaging and printing, with involvement in concepts such as low price-to-earnings ratio, margin financing, energy storage, lithium batteries, and solid-state batteries [1].

证券代码：600210 证券简称：紫江企业 公告编号：临 2025-033 上海紫江企业集团股份有限公司 （二）主营业务分产品收入实现情况 单位：元 币种：人民币 | 主要产品 | 年 月销售收入（不含税） 2025 1-9 | | --- | --- | | 饮料包装 | 3,869,236,456.65 | | 纸塑包装 | 2,265,520,393.54 | | 铝塑膜 | 505,992,208.24 | | 房地产开发 | 359,872,908.27 | | 其他 | 533,794,399.76 | | 合计 | 7,534,416,366.46 | 二、主要产品和原材料价格变动情况 （一）主要原材料的价格变动情况（不含税） 2025年第三季度主要经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 根据上海证券交易所《上海证券交易所上市公司自律监管指引第 3 号——行业信 息披露》的相关要求，上海紫江企业集团股份有限公司（以下简称"公司"）现将 2025 年第三季度主要经营数据披露如下： 一、主要产品 ...

Core Viewpoint - Zijiang Enterprise's stock has shown a positive trend with a year-to-date increase of 20.60%, reflecting strong market performance and investor interest [1][2]. Financial Performance - For the first half of 2025, Zijiang Enterprise reported a revenue of 5.248 billion yuan, marking a year-on-year growth of 12.43% [2]. - The net profit attributable to shareholders reached 473 million yuan, representing a significant year-on-year increase of 33.39% [2]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 9.52% to 96,300, while the average number of circulating shares per person increased by 10.53% to 15,754 shares [2]. - The company has distributed a total of 5.508 billion yuan in dividends since its A-share listing, with 1.213 billion yuan distributed in the last three years [3]. Stock Market Activity - On October 23, Zijiang Enterprise's stock price rose by 2.01% to 7.61 yuan per share, with a trading volume of 191 million yuan and a turnover rate of 1.68% [1]. - The stock's market capitalization stands at 11.542 billion yuan, with a net inflow of main funds amounting to 7.8293 million yuan [1]. Business Segments - The company's main business revenue composition includes beverage packaging (47.91%), paper-plastic packaging (28.32%), real estate development (6.86%), and aluminum-plastic film (6.18%) [1].

Core Insights - The report from Cinda Securities indicates that Zijiang Enterprise's net profit attributable to shareholders for Q1-Q3 2025 is expected to be between 0.897-1.002 billion yuan, representing a year-on-year increase of 70.0% to 90.0% [1] - For Q3 alone, the net profit is projected to be between 0.424-0.530 billion yuan, showing a significant year-on-year growth of 145.0% to 205.9% [1] - The strong performance in Q3 is primarily attributed to the sale of Shanghai Zijiang New Materials Co., which contributed approximately 0.24 billion yuan to the profit [1] Financial Performance - The overall revenue is expected to remain stable, with the non-recurring profit margin maintaining at a reasonable level [1] - The company has established an industrial layout centered around packaging business (including beverage, paper-plastic, and aluminum-plastic films), supplemented by commercial, real estate, and venture capital businesses [1] Market Position and Strategy - Zijiang Enterprise is focusing on consolidating its market share in the digital market while also targeting high-end consumer electronics and new energy vehicle battery sectors through a differentiated product strategy [1] - The company is accelerating the verification and technical reserve work for cutting-edge applications such as semi-solid and solid-state batteries, indicating potential for future growth [1]

Investment Rating - The report does not provide a specific investment rating for the company [1] Core Insights - The company, Zijang Enterprises, has shown excellent profit performance with a projected net profit of 8.97 to 10.02 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 70.0% to 90.0% [2] - The third quarter net profit is expected to be between 4.24 and 5.30 billion yuan, indicating a significant year-on-year growth of 145.0% to 205.9% [2] - The strong profit performance in Q3 is attributed to the sale of shares in Shanghai Zijang New Materials, contributing approximately 240 million yuan to the reported profits [2] - The company is positioned as a leader in the packaging industry, with a diversified business model that includes beverage, paper-plastic, and aluminum-plastic film packaging [2][3] - The company is actively expanding both organically and through acquisitions, with a focus on strategic partnerships and new product development [2] Financial Performance Summary - The total revenue for 2023 is reported at 9.116 billion yuan, with a projected increase to 10.637 billion yuan in 2024 and 11.121 billion yuan in 2025, reflecting a year-on-year growth rate of 16.7% [4] - The net profit attributable to the parent company is expected to rise from 560 million yuan in 2023 to 1.095 billion yuan in 2025, with a significant growth rate of 35.3% [4] - The gross profit margin is projected to stabilize around 23.1% in 2025, with a return on equity (ROE) expected to reach 16.5% [4] - Earnings per share (EPS) is forecasted to increase from 0.37 yuan in 2023 to 0.72 yuan in 2025, indicating a positive trend in profitability [4] Business Segment Performance - The beverage and paper-plastic packaging segments accounted for 47.9% and 28.3% of total revenue, respectively, in the first half of 2025 [2] - The aluminum-plastic film segment is expected to grow by 24.7% year-on-year, contributing 6.2% to total revenue in the first half of 2025 [3] - The real estate development segment is projected to contribute approximately 6.9% to total revenue, with ongoing projects expected to generate additional income [3]