Packaging / Advertising & Office

Recently, the upstream manufacturers of the paper packaging industry have successively released semi-annual reports, and the joy of harvest is permeated between the lines. Driven by the doubling of profits, the share prices of listed paper companies have been rising. As the saying goes, the wind goes smoothly, double happiness is coming, it's so uncomfortable.

Let's take a look specifically:

Packing cardboard block

Nine Dragons: Profit growth is not less than 50%

At noon on August 23, Nine Dragons Paper issued an announcement stating that based on the preliminary review of the group management accounts, if foreign exchange gains from operating and financing activities (excluding taxes) are excluded, the company’s equity for the year ended June 30, 2021 Earnings attributable to holders are expected to grow by no less than 50% over the year ended June 30, 2020, mainly due to the significant growth in sales revenue and the increase in gross profit of the group.

Shanying International: Net profit increased by 100%

On the evening of August 24, Shanying International released the 2021 semi-annual report. During the reporting period, Shanying International actively embraced transformation, excellent operations, and started a new journey of 2021 with high quality. It achieved sales revenue of 15.199 billion yuan, a year-on-year increase of 54.68%; net profit attributable to owners of the parent company was 1.004 billion yuan, a year-on-year increase of 100.40% . The sales volume of the cardboard block was 2,811,900 tons, a year-on-year increase of 41.51%; the sales volume of the packaging sector was 926 million square meters, a year-on-year increase of 50.86%; the trade volume of the overseas recycled fiber sector was 1,564,100 tons, a year-on-year decrease of 15.33%; the Yunyin Internet packaging sector achieved total online transactions ( GMV) 6.674 billion yuan, a year-on-year increase of 160.19%.

Lee & Man: Net profit rose 45%

On August 4, Lee & Man Paper issued an announcement that interim revenue was HK$15.180 billion, an increase of 37.1% year-on-year; net profit rose 44.9% to HK$1.936 billion, with an interim dividend of 15 HK cents. The packaging paper business is the main core business of the group. With the increasing popularity of online shopping in the Mainland and overseas, the market's demand for high-quality packaging paper is also increasing. Increasing the upper limit of plastic order is beneficial to the Group's packaging paper business.

White cardboard block

Chenming Paper: net profit tripled

On the evening of August 26, Chenming Paper released a semi-annual report with an operating income of 17.1 billion. A year-on-year increase of 26%. The net profit attributable to shareholders of listed companies is 2 billion. A year-on-year increase of 291%. Close to three times. The company's stock price and performance have deviated.

Sun Paper: Net profit increased by 138% year-on-year

Sun Paper disclosed the semi-annual report. In the first half of 2021, the company realized operating income of 15,813,200,800.97 yuan, a year-on-year increase of 51.64%; realized net profit attributable to shareholders of listed companies of 2,231,519,572.53 yuan, a year-on-year increase of 138.29%; basic earnings per share were 0.85 yuan per share.

Bohui Paper: Net profit rose 467%

Bohui Paper's 2021 mid-year report shows that the company’s main operating income was 8.004 billion yuan, a year-on-year increase of 39.59%; net profit attributable to the parent was 1.514 billion yuan, a year-on-year increase of 466.63%; non-net profit was 1.522 billion yuan, a year-on-year increase of 479.07%; debt ratio 64.52%, investment income 7.8382 million yuan, financial expenses 149 million yuan, gross profit margin 34.02%.

Other manufacturers

On August 30, Jingxing Paper issued a semi-annual report. The net profit in the first half of the year was 265 million yuan, a year-on-year increase of 137.96%; operating income was 2.838 billion yuan, a year-on-year increase of 32.76%. Mainly due to the increase in operating income of the company's main products and the increase in gross profit margin.

Qingshan Paper's 2021 mid-year report shows that the company's main operating income was 1.423 billion yuan, a year-on-year increase of 32.58%; net profit attributable to the parent was 112 million yuan, a year-on-year increase of 887.31%; non-net profit was 88.659 million yuan, a year-on-year increase of 292.47%; debt ratio was 28.81 %, investment income is 25.763 million yuan, financial expenses are 13.447 million yuan, and gross profit margin is 21.84%.

Yibin Paper (600793.SH) released the 2021 semi-annual report. During the reporting period, the company achieved operating income of 1.019 billion yuan, a year-on-year increase of 79.90%. The net profit attributable to shareholders of listed companies was 22.766 million yuan, which turned losses into profits.