晨鸣纸业2025中期报告

2025中期 報 告 1583241637172 ST000488STB20048801812SHANDONG CHENMING PAPER HOLDINGS LIMITEDSCPH 1 √ 2024 2 √ 3 √ √ √ 2 1 1 202520256(PPI)3.2%20251-696.93.1%20251–66,812.12.3%6,017.32.1%175.721.4% 20255202562571 2 7200 20251-621.0738.58 3 202563023.72%17.34%85.93% 2025630291.03327.5220256309.5459.101 23.120256309,095202543,210.0420249,5942024114,432.67 2025 60 1 2 3 4 5 6 48045716575ISO9001ISO14001FSC-COC 7 80+ 2 √ 3 √ 1 √ 2 3 √ 4 √ (2) √ 5 √ 1 10% √ 1 2 202551(GB31825-2024) +75% 3 4 5 6 45372045% √ 1020253312025412025331 √ 2025331 123 12 1234 12 √ √ 2024 √ √ 1 (1)2020A 2020A 2020A111 (i)(ii)(iii)2020A5% 1 (1)2020A 2020A20205291117,960A2.852.850% (i)160%(ii)3060%(iii)11160%(iv)20202060%(v)1 2.85 6020207142025714243648 1 (1)2020A 2436 1 (1)2020A 10%1% (2)2020A 20203302020 20204320204320204122020515202020202020202020205162020A20205292020A11179,600,000A2.852020529202071579,600,000A20227182020A2020A 1 (2)2020A 2020A9629,948,000154,466,0002.5184172202272729,948,000A 2022109(2022)371C000576202293020229302,979,742,200.002,979,742,200.00 202210184,466,000A 20237172020A2022522,929,000A2.5184172 20231110(2023)371C00051820231018202310182,956,813,200.002,956,813,200.00 2023112022,929,000A 20247312020A20239322,257,000A2.5184172 20241115(2024)371C000421202411620241162,934,556,200.002,934,556,200.00 1 (2)2020A 202412189115,357,000A26,900,000A (3) 0 2024112020A2020A26,900,000A 2 √ 3 √ √ 1 20242025 2 3 4 C1 B.2.2202561520256142025-0452025613 C3 √ √ √ √ √ √ 202420254120242025331 23.123.158,773.04 √ √ √ 2 1 √ 233.333.88%11,000.00202541http://www.cninfo.com.cn233.3311,000.00 2 √ 3 √ 4 √√ 5 √ 6 √ 7 √ 1 (1)√ (2)√ 202345400 10% √ 10% 1 (3) 2025 2,220,927.782,220,927.78 2025 60,638,854.58 2025630 1 (3) 10% √ 10% 2 √ (1) 432,965.5320256301,975,488.0320256371.42%197,870.67 2 (1) 2 (1) 2 (1) 2 (1) 2 (1) 2 (1) 2 (1) 2 (1) 2 (1) 567,950.11 3 √ 4 √ √ 1 202438.213323,938.05 202411202024122120251242025412024-0732024-0792025-003 2025-031202411192024122020251232025331 2 2025615 20256142025-0452025613 √ 1 2024814 2025212[2025]86 202481520252152024-0472025-00520248142025214 2 202542520255152024 202542620255162025-0372025-04220254252025515 1 √ 25%65,562,8425,562,842 √ √ √ √ √ √ 2 √ √ 2024112020A2020A6,000,000 19,080,0446,000,000 455,781,319409,956,44145,824,878 1210,717,563B153,414,000H20237182023-0582023718 220241112020A2020A6,000,00019,080,0446,000,000 5%1010√ 1010 √ 1010 √ 1010 √ 2024 √ √ √ 2025630571XV352 2025630352C3 202563018 2025630336 2025630336 √ √ 1 3 1 19935199612[1996]270[1996]592199 19975[1997]26B11,500B1997526 20009[2000]151A7,000A20001120 2008635,570HH3,557H2008618 2025630293,455.6240 2025829 2 20257721 1 152023 2 12 3039 1 20256302025 2 111231 3 12 4 6 (1) (2) 6 (2) (3) 7 (1) 7 (2) (3) (4) 8 (1) ABCDE (2) 9 10 (1) (2) 11 (1) (2) • • 11 (2) •• 11 (2) (3) 11 (3) (4) 12 (5) •••14•• 11 (5) 12 12 121212 11 (5) A •1 •2 B •1 •2 •3 •1 •2•3 12 11 (5) A •1•2 B •1•2 12 12 11 (5) •••• 30 ••••• 11 (5) (6) (7) 12 13 (1) (2) 13 (3) (4) (5) 14 (1) (2) 14 (2) 22 22 14 (2) (3) 20%20%50%20% (4) 23 15 23 16 (1) (2) 16 (3)23 (4) (5) 17 23 18 23 19 (1) (2) 3 (3) 20 (1) 7 (2) 23 21 23 22 23 24 25 26 (1) (2) (3) (4) 26 (5) 27 (1)(2)(3) 28 (1) (2) ABCDEF 28 (3) (4) 28 (5) 29 (1) (2) 30 (1) 30 (2) 30 (2) 31 32 1 33 (1)(2) (1) (2) 33 (1)(2) 34 (1) (2) 35 34 (2) 12 •• 4 34 (3) 2223 22 34 (4) (5) 14 2222 35 (1) 13 (2) (3)23 36 10003%100011.5%1101%10500.8%501000.6%1000.2% 37 38 (1) 2237 38 (2) 22 22 39 39 40 (1) √ (2) √ (3)2025 √ 2 (1) 2024127GR20243700153015%20242026 2024127GR20243700011415%20242026 2 (1) 202415% 202415% 20241119GR20244400284015%20242026 20231205GR20234200312815%20232025 [2022]132023630025%20% (2) 1 202,153,506.602,153,506.606 0 7 , 0 0 4 , 7 5 4 . 0 578,478,176.117,615,777.0158,630,627.72 2 3 (1) 765,000,567.09506,605,701.74765,000,567.09506,605,701.74 3 (3) 746,520,575.24746,520,575.24 4 (1) 11639,549,718.94929,046,115.6612132,077,444.26274,913,099.6723367,993,588.74352,196,765.1331,132,302,980.261,112,205,999.572,271,923,732.202,668,361,980.031,341,192,229.681,284,071,666.33930,731,502.521,384,290,313.70 11-22-33 4(2) 4 (2) 3 √ 4 (3) (4) 1,035,936,190.5045.60%839,139,731.30 5 (1) (2) 5 (3) 6 22,659,149.81826,493,097.361,061,992,721.13826,493,097.361,084,651,870.94 (1) 1 22,659,149.8122,659,149.81 6 (2) 1 2,465,026,126.242,522,792,110.6418,719,780.9314,874,445.0913,597,076.9916,114,760.188,676,751.747,975,085.222,506,019,735.902,561,756,401.131,679,526,638.541,499,763,680.00826,493,097.361,061,992,721.13 2 11535,306,086.74680,590,285.