Prices of Pulp and Parent Tissue Roll in Major Regional Markets of China in September 2025 According to survey data from the Tissue Paper&Disposable Products Magazine,in September 2025, the average price of bleached hardwood pulp (imported) in Hebei and bleached bagasse wet pulp (calculated on an absolute-dry basis) in Guangxi increased. Meanwhile, the average price of bleached softwood pulp (imported) in Hebei and bleached bamboo pulp in Sichuan-Chongqing decreased. Average pulp prices in other major regional markets for tissue paper remained stable. Among wood pulp raw materials, the average price of bleached wood pulp parent tissue rolls in Hebei rose by RMB 25 per ton to RMB 6,000 per ton. In Guangxi, the average price of bleached wood pulp parent tissue rolls remained unchanged from August at RMB 6,450 per ton. Among non-wood pulp raw materials，the average price of bleached bamboo parent tissue rolls in Sichuan-Chongqing increased by RMB 50 per ton to RMB 6,300 per ton. The average price of unbleached bamboo parent tissue rolls in Sichuan-Chongqing stood at RMB 5,825 per ton, and the average price of bleached bagasse parent tissue rolls in Guangxi was RMB 5,950 per ton, still unchanged from August.

Vinda Paper (China) Releases White Paper on Nonwoven Safety Standards; Multi-Party Collaboration to Build a Safety System On September 22, Vinda Paper (China) Co., Ltd. jointly released the 2025 White Paper on Safety Standards for Nonwoven Cleaning Products – Personal Care Categories Including Wet Wipes, Facial Tissues, and Wet Toilet Tissues in collaboration with Xinhuanet, Kantar Worldpanel, JD.com, and Sateri. Vinda has proposed the 5S Safety Standard system, which decomposes abstract safety concepts into five specific dimensions that are quantifiable, traceable, and verifiable.

U-play Corporation Applies for Public Stock Issuance and Listing on Beijing Stock Exchange On September 30, U-play Corporation issued an announcement to apply for public stock issuance and listing on the Beijing Stock Exchange (BSE). In 2021, U-play Corporation had signed a tutoring agreement with China International Capital Corporation Limited (CICC), and the agreement was terminated in August 2025. For this listing application, the intended listing venue has been changed from the Shenzhen Stock Exchange to the Beijing Stock Exchange.

Baby Dream Plans to Acquire 30% Stake in Wuhan Yongyi Paper for 19 Million Yuan On September 23, China's Baby Dream Company announced that it would purchase 30% of the equity of Wuhan Yongyi Paper Co., Ltd. for 19 million yuan.

Gold Hongye Paper and Staples Reach Strategic Cooperation Recently, Gold Hongye Paper and Staples have officially entered into a strategic cooperation agreement, jointly committing to creating an efficient, clean, and sustainable new office experience for government and corporate clients.

Vinda Paper (China) Co., Ltd. and Hubei University of Engineering Jointly Establish the Industry-University Joint Innovation Center for Key Technologies in Paper and Hygiene Products Manufacturing On September 19, the licensing ceremony for the Hubei Provincial Industry-University Joint Innovation Center for Key Technologies in Paper and Hygiene Products Manufacturing was grandly held at Vinda Personal Care(China) Limited Co-established by Vinda and Hubei University of Engineering, this center has been filed and recognized as a provincial-level new R&D institution by the Hubei Provincial Department of Science and Technology.

The Review Meeting for 7 Chinese Standards Including Sanitary Pads (Pantiliners) Was Successfully Held in Tianjin On September 19, the review meeting for 7 Chinese Standards Including Sanitary Pads (Pantiliners), hosted by National Technical Committee 141 on Papermaking Industry of Standardization Administration of China, was successfully held in Tianjin, China.Zhao Wei, Chairman of the CTCS-PPI, Liu Junjie, Secretary-General of the Committee, along with over 100 participants including committee members, experts from the standard drafting groups, representatives of drafting organizations, and consumer representatives, attended the meeting.

Enterprises Including China Baiya and Naturecare Are Selected into the 2025 5G Factory Directory Recently, the Ministry of Industry and Information Technology of China (MIIT) released the 2025 5G Factory Directory, in which the Baiya Hygiene Products Tianshou Garment Intelligent Factory of Chongqing Baiya Sanitary Products Co., Ltd. and the Naturecare Products LLC 5G Factory of Naturecare Products LLC were included.

Tongling Jyair Bio-Tech Co., Ltd. Achieved an Operating Revenue of Approximately RMB 255 Million, Representing a year-on-year Increase of 107.21% Tongling Jyair Bio-Tech Co., Ltd. achieved operating revenue of approximately RMB 255 million in the third quarter of 2025, a year-on-year increase of 107.21%. Its net profit attributable to shareholders of the listed company was about RMB 35.3194 million, with a year-on-year increase of 336.33%. The growth in operating revenue is mainly due to the increase in orders from overseas customers.

Xiamen Yanjan New Material Co., Ltd. Achieved an Operating Revenue of Approximately RMB 452 Million in the First Three Quarters of 2025, Representing a year-on-year Increase of 16.60% Xiamen Yanjiang New Materials Co., Ltd. achieved an operating revenue of approximately 452 million yuan in the third quarter of 2025, a year-on-year increase of 16.60%. Its net profit attributable to shareholders of the listed company was 16.6626 million yuan, with a year-on-year increase of 209.10%. The growth in operating profit is mainly driven by increased sales and higher gross profit.

Chongqing Baiya Sanitary Products Co., Ltd. Achieved an Operating Revenue of Approximately RMB 2.623 Billion in the First Three Quarters of 2025, Representing a year-on-year Increase of 12.8% Chongqing Baiya Sanitary Products Co., Ltd. achieved an operating revenue of approximately RMB 2.623 billion in the first three quarters of 2025, Representing a year-on-year increase of 12.8%. Its net profit attributable to shareholders of the listed company was about RMB 245 million, representing a year-on-year growth of 2.5%.