subject: Hengfeng Paper product mix and promote high growth performance - Paper, Hengfeng Paper - Paper Indus [print this page] Hengfeng Paper product mix and promote high growth performance - Paper, Hengfeng Paper - Paper Indus
Prudential Paper Thanks Cigarette Paper Industry remains high boom, combined with the optimization of product structure to maintain a steady growth in overall prices, gross margins improved in order to achieve the performance of high growth.
Hengfeng Paper (600356:9.67, -0.06, -0.62%) 10 13 Announcements, expects 2009 net profit attributable to parent company owners a 50% increase over the previous year over the same period.
Cigarette paper industry as the economy remains relatively high, the company leading product demand, the company steadily increased its market share, production and sales of substantial growth, optimize the structure of the overall product prices remain stable growth, improved gross margins, in order to achieve the performance of high growth.
Data show that in 2009 cigarette paper products in the first half of the proportion of revenues changed little, but filter paper and Aluminum Foil Backing products account for the proportion of operating income, respectively increase or decrease by about 5%, so that our products integrated market share of 23.51 percent over the same period in 2008 increased to 25.21%, the company the leading position of domestic industry further. In the international and domestic economic situation continued downturn, companies of various economic indicators remain the same period in 2008 level. Filter paper and Aluminum foil Sell Substantial increase in gross margin, profitability and stability cigarette paper for more than 35%.
The company is the largest cigarette paper manufacturers, the market share of about a quarter of the national market, and has gradually expanded dominant trend. Main products of cigarette paper production capacity of about 8 million tons, production capacity ranked third in the world, second only to Moody and Wattens. China to introduce foreign strategic investors KSB Paper Investment Co., the management company and product upgrading technology will accelerate the company's competitiveness further. October 2006, the company management to introduce foreign strategic investors - KSB China (China) fund, the second largest shareholder of the company. KSB Hua (China) Fund is to grasp China's current macroeconomic situation and the stock market opportunities and industry-based investment fund set up by the main investment targets within the field of traditional industries in China's best companies, the value of company's investment market is being dig the rise of the company well for future development opportunities.
Company has invested 4,520 million yuan to complete the 6,000 tons of high-grade production line of cigarette paper, imported from France Elimande equipment to make our products more diverse and high quality production line after transformation to meet the product quality stability and capacity of multi-level customer requirements further enhance the future profitability is expected to continue to grow.
As domestic cigarette consumption is still growing, our products are long-term demand, the company prepared to implement an annual output of 15 000 vacuum spray aluminum base paper production line project and the preliminary design of the proposed annual production capacity of 6,000 tons (chemical fiber paper production line of 2,000 tons of wet wrinkle paper production line of 4,000 tons) project. Two items on the market in 2010 increased the company's competitiveness and sustainable development ability of a more active role.
According to reports, vacuum spray aluminum base paper for the high-end products, the project area in the new company's factory production line, the total investment is about 37,604 million, of which 10,604 million raised by the enterprise to apply for bank loans to 27,000 yuan, the project 2-year construction period is expected to be completed in March 2011 production. Target market is based on the domestic Wrapper Markets, especially China, Hong Packets Equipment market, replacing imported products, for export of certain products. After completion of the project is expected to produce 15,000 tons of vacuum spray aluminum base paper, the annual sales income of 20,655.00 million, the total profit of 5,312.42 million. Chemical fiber paper and wet wrinkle paper projects with a total investment estimated 4,887 million, of which 1,887 million raised by the enterprise to apply for bank loans 3,000 million. Test aircraft is expected to put into production in late 2009.
Hengfeng Paper first half of 2009 operating income 56,030.69 million and net profit attributable to parent company, the owner of 3,847.71 million, basic earnings per share were 0.199 yuan, 5.54 yuan per share, net assets, return on equity 3.6% .
At press time, Hengfeng Paper reported 9.79 yuan, up 0.42 yuan
