Industry downturn is still profitable-Iota

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News > Dynamic industry > Industry downturn is still profitable

Industry downturn is still profitable

Recently, the paper listed companies have released 2014 third quarter report, in which the two leading companies Sun Paper and Chenming Paper are to produce a beautiful answer.
Sun Paper report which shows that despite the overall needs of the industry is still affected by the downturn, leading to a slight decline in the company's revenue the company achieved total revenue of 7.867 billion yuan, down 5.4%, but the company's gross profit margin to improve 4.2 percentage points to 19.8 percent, a record high operating profit of 440 million yuan, an increase of 43.2%, net profit attributable to owners of the parent company 314 million yuan, an increase of 55.3%, the company expects net profit attributable to owners of the parent company in 2014 grew 40% to 70%.
According to reports, gross margin increased mainly due to technical reasons technology advances, the cost of tons of paper annually varying degrees of decline; and sluggish macroeconomic environment makes a significant decline in energy costs.
Gross margin reached a new high at the same time, the company net profit rate is only 4.7%, and the point 10 percent of high level pre far, on the one hand, the company's expansion in recent years, making the rate rising financial costs, on the other hand, white card the impact of new capacity investment income of -4422 million, we determine the white card with the continuous improvement of business conditions, is expected to further enhance the company's profitability.
Chenming Paper first three quarters of 2014, operating income of 14.04 billion yuan, gross margin rebounded mentioned a new high of 19.06%, operating profit of 62.7256 million yuan, net profit of 316 million yuan. It is understood that the company's third quarter through increased R & D efforts, to get involved in the financial sector, etc., to create the transformation and upgrading of the "new engine" to ensure that the company's steady development.
Chenming Paper gross margin and product structure adjustment, raw material prices, as well as cost reduction and efficiency measures are inseparable. According to statistics, this year, the needle pulp bleaching, bleaching wood pulp and this paste broad categories pulp transaction price varying degrees of decline. As of August, pulp price index has fallen for six months, compared with January pulp price index dropped by 5.67%. Meanwhile, the company continued technological innovation, increase scientific and technological innovation, combined with the market for product development and structural adjustment, glassine paper and a new paper grades successfully put into operation during the reporting period. In addition, the company also unswervingly implement the cost reduction and production efficiency mention creed, to further develop the effectiveness of the protection device, root out the energy saving potential.
In addition, the company "high strength kraft paperboard technology development," "durability sticker paper technology development" and other projects in Shandong Province in 2014 was listed as the third installment of technological innovation projects and undertake 863 projects "industrial enzyme molecule renovation and green biotechnology "sub-project" bio-paper process optimization and industrialization demonstration "of research and development work, dedicated to the development of China's paper industry is suitable for a new generation of paper with the enzyme, the establishment of a typical green paper industry transformation and upgrading processes the new technology, pushing the paper pulp with enzymes in the field of large-scale applications for the development of energy conservation and green economy provides important technical support.
Meanwhile, the paper industry is a capital-intensive industry, capital is one of the most important factors that influence the development of the paper industry. In the first half of this year, Chenming financial leasing companies, investment firms and financial companies have been established, the company provides a strong financial support.

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