併購大潮如火如荼，宜賓紙業3連板，陳小羣攜資入局
併購重組大主線持續活躍。
今日，宜賓紙業再度漲停，實現3連板，最新報30.49元/股，總市值爲53.94億元。
最新漲停成交額6671萬元，最高封單額2.44億元，當前封單額爲1.39億元。
近4個交易日，宜賓紙業累計漲幅近40%，4月9日以來公司股價已實現翻倍，當前逼近9·24行情創下的階段高點30.98元/股。
宜賓紙業昨日上榜龍虎榜3日榜，參與買賣的均爲知名遊資和量化基金。
其中，陳小羣買入7086.80萬元，賣出2949.01萬元，淨買入4137.79萬元。
股價大漲後，5月21日，宜賓紙業發佈股票交易異動公告，稱公司股價於5月16日、19日、20日連續3個交易日收盤價格漲幅偏離值累計超過20%，屬於股票交易異常波動。
Q1業績好轉
目前，宜賓紙業的主營業務爲食品包裝原紙、生活用紙原紙、生活用紙成品紙，以及醋酸纖維素的生產和銷售。
受傳統造紙業務拖累，宜賓紙業去年的業績表現很差。
期間，宜賓紙業實現營業收入22.38億元，同比下降8.34%；歸母淨利潤爲虧損1.28億元，同比下降687.7%。
今年一季度，業績出現好轉信號，期間實現營收6.12億元，同比增長9.51%；歸母淨利潤1602.71萬元，同比增長99.8%。
國產替代+併購重組
宜賓紙業好轉的主要原因系公司去年收購了普什醋纖67%的股權，醋酸纖維產品一季度的毛利率及銷量有所上升。
據瞭解，醋酸纖維素行業相對小衆，全球醋酸纖維素產能約90餘萬噸，其中超過80%爲紡絲級醋酸纖維素，主要應用於香菸過濾嘴市場，其餘部分主要應用於眼鏡板材、偏光片保護膜市場。
而普什醋纖是全球六家擁有醋酸纖維素生產技術的公司之一，是全球生產塑料級醋酸纖維素的四家之一、生產三醋酸纖維素的三家之一，塑料級和三醋酸纖維素產品均填補了國內空白。
這意味着，宜賓紙業在收購醋纖公司後有了國產替代的潛力，且醋纖生產具有較高的技術壁壘。
與此同時，普什醋纖的盈利能力非常不錯，去年實現營收8.16億元，同比增長5.97%，淨利潤爲1.65億元。
在最新的交流紀要中，宜賓紙業表示，對於普什醋纖剩下的33%股權暫無收購計劃。
此外，宜賓紙業還背靠國資，公司控股股東及實控人爲五糧液集團。
五糧液集團擁有衆多優質資產，宜賓紙業是其旗下唯二的上市公司，有着進一步併購重組的預期。
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