Chenming Paper released the semi-annual performance report on the evening of August 26th, saying that its operating income in the first half of 20021765438+73 million yuan, a year-on-year increase of 26.27%. The net profit attributable to shareholders of listed companies is about 202 1 100 million yuan, an increase of 291.44% year-on-year; The basic earnings per share was 0.604 yuan, up 1084.5438+0% year-on-year. Insiders pointed out that there are two main factors to promote the sustained growth of Chenming Paper. On the one hand, papermaking is a strategic basic industry related to the national economy and people's livelihood, and its prosperity is closely related to the macroeconomic environment. In the first half of 200212002, with the effective control of domestic epidemic situation and the overall recovery of macroeconomic environment, the demand for paper products as basic means of production and living was gradually released. Under the tight supply and demand, the price of paper products downstream of the industry rose and the prosperity climbed. On the other hand, the rising price of upstream raw materials increases the overall cost of the industry, but the cost advantage is more obvious for enterprises with complete industrial chain.
Since the first half of the paper industry, Bohui Paper, another leading enterprise with high-booming tons of white cardboard, disclosed a beautiful semi-annual report on August 19: from June to June this year, the company achieved operating income of 8.004 billion yuan, up 39.59% year-on-year; The net profit was 65,438+0,565,438+0.4 billion yuan, a year-on-year increase of 466.63%; Basic earnings per share 1. 14 yuan. Bohui Paper said that in the first half of the year, the company made great efforts to seize the opportunity brought by policy changes, increased the research and development of new products such as "replacing ash with white" and "replacing plastic with paper", realized the green, environmentally friendly, safe and hygienic packaging upgrade, and successfully developed high-end food cards, paper cups, coated paper cups and other new products. In order to meet the differentiated needs of special customers, we have successfully developed eight new products, such as anti-counterfeiting cigarette packs, special copper card, advanced business card paper, white cow card and blister paper.
Sun Paper released its semi-annual report on August 30th. In the first half of 20021,the company realized operating income of1581300 million yuan, up by 51.64% year-on-year; The net profit attributable to shareholders of listed companies was 2.232 billion yuan, up by 65.438+038.29% year-on-year, successfully completing the company's semi-annual business tasks. The company predicts that in the second half of 20021,with the papermaking and pulp projects in Guangxi base put into production one after another, the pulp and paper production capacity of Sun Paper will exceed100000 tons. By then, enterprises will embark on a broader development platform and the core competitiveness of the company will be further enhanced. Sun Paper will become a "forestry-pulp-paper integration" listed company with certain discourse power and both offensive and defensive capabilities.
On the evening of August 24th, Shan Ying International also released the 20021semi-annual report. During the reporting period, Shan Ying International achieved sales revenue of RMB 65,438+0,565,438+0.99 billion, a year-on-year increase of 54.68%; The net profit attributable to the owners of the parent company was 65.438+0004 billion yuan, a year-on-year increase of 654.38+0000.40%. The sales volume of papermaking sector was 28 1. 1.9 million tons, up by 41.51%year-on-year; The sales volume of the packaging sector was 926 million square meters, a year-on-year increase of 50.86%; The trade volume of overseas recycled fiberboard 1564 10000 tons, down15.33% year on year; The online transaction volume of Yunyin Internet packaging sector reached 6.674 billion yuan, up 160. 19% year-on-year.
The 20021semi-annual report issued by Jingxing paper shows that the company achieved an operating income of 2.838 billion yuan in the first half of the year, a year-on-year increase of 32.76%. The net profit attributable to shareholders of listed companies was 265 million yuan, a year-on-year increase of 65,438+037.96%. The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 263 million yuan, a year-on-year increase of 259.44%. The basic earnings per share is 0.23 yuan. From the perspective of business structure, "base paper" is the main source of business income of enterprises. Specifically, the operating income of "base paper" is 2.4 billion, accounting for 85% of the revenue, and the gross profit margin is 18.7%.
Forest Packaging released its semi-annual performance report on the evening of August 26th, saying that its operating income was about 13.4 1 billion yuan in the first half of 2002/kloc-0, an increase of 5,925,438+0% over the same period of last year. The net profit attributable to shareholders of listed companies is about 65.438+0.37 billion yuan, an increase of 654.38+0.465+0.65% year-on-year; The basic earnings per share was 0.68 yuan, a year-on-year increase of 78.95%. In the base paper industry, the company makes full use of the regional characteristics of abundant waste paper supply and large demand for packaging paper in southern Zhejiang to produce high value-added kraft liner board, give full play to its technological advantages, integrate resources from all sides and enhance its production capacity. Through active market expansion, it laid a good foundation for the stability and recovery of operating performance during the reporting period.
From the operating income and net profit of the above-mentioned major domestic paper groups, as well as the year-on-year increase, we can see several similarities:
Let's take a look at the performance of several major domestic paper packaging listed groups in the first half of the year.
Among them, Hexing Packaging released its semi-annual performance report on the evening of August 30th, saying that its operating income in the first half of 200210 was about 82.1400 million yuan, up 72.39% year-on-year; The net profit attributable to shareholders of listed companies is about 1.5 1 billion yuan, up 9.17% year-on-year; Basic earnings per share is 0. 12 yuan.
Yutong Technology released its semi-annual performance report on the evening of August 29th, saying that its operating income in the first half of 2002/KLOC-0 was about 6.052 billion yuan, a year-on-year increase of 40.42%. The net profit attributable to shareholders of listed companies was about 336 million yuan, a year-on-year increase of 2.57%; Basic earnings per share was 0.3564 yuan, down 5.24% year-on-year.
Mei Yingsen released the semi-annual performance report on the evening of August 30th, saying that the operating income in the first half of 2002164.4 billion yuan, up by 22.12% year-on-year; The net profit attributable to shareholders of listed companies was about RMB 50,654,38+0.9 million, down 47.09% year-on-year; The basic earnings per share was 0.0328 yuan, down 47. 1% year-on-year. The distribution scheme is: no dividends, no bonus shares and no capital increase.
On August 27th, Hong Kong stock Jifeng Packaging released the interim report for fiscal year 20021. 202 1, 1, 1, on June 30, 2026, the company realized operating income of1.1700 million yuan, up 26.49% year-on-year, and the net profit attributable to the parent company was 23.2950 yuan.
Dashengda's semi-annual performance report released on August 3 1 said that the operating income in the first half of 20021was about 755 million yuan, an increase of 31.31%year-on-year; The net profit attributable to shareholders of listed companies is about 3310.2 million yuan, down 67.84% year-on-year; The basic earnings per share was 0.08 yuan, a year-on-year decrease of 68%.
Longlide disclosed the 20021semi-annual report on the evening of August 23rd. During the reporting period, the company achieved an operating income of 346 million yuan, a year-on-year increase of 2.25%. The net profit attributable to shareholders of listed companies was 272,095,438+0,000 yuan, a year-on-year decrease of 65,438+03.46%; The basic earnings per share is 0.0786 yuan/share.
Xintonglian released its semi-annual performance report on the evening of August 29th, saying that its operating income in the first half of 2002/kloc-0 was about 338 million yuan, a year-on-year increase of 12.36%. The net profit attributable to shareholders of listed companies was about 6.5438+0.223 million yuan, down 28.46% year-on-year; The basic earnings per share was 0.06 yuan, down 33.33% year-on-year.
From the operating income and net profit of the above-mentioned major domestic paper packaging groups, as well as the year-on-year increase, we can see several similarities:
Here we see an interesting phenomenon. The operating income of several giants in the paper industry increased greatly in the first half of the year, but the increase of their net profit far exceeded the increase of operating income, while the operating income of several giants in the paper packaging industry increased greatly in the first half of the year. However, in terms of net profit, except Hexing Packaging and Yutong Technology, all other companies experienced a year-on-year decline in net profit.
Judging from the operating data of the above-mentioned companies, the gross profit margin has decreased compared with the same period of last year without exception. What we need to know is that the first half of this year is the first half of 2020, and the first half of this year can be said to be the most seriously affected by the domestic epidemic. The operating income of several giants has increased significantly in the first half of this year, but why can't the increase in net profit keep up with the increase in operating income?
What may need to be mentioned here is the sharp rise in the price of raw materials. As Hexing Packaging pointed out, the main raw materials for the company to produce cartons and paperboard are corrugated base paper, cardboard and so on. Raw material cost is the most important operating cost of the company, accounting for more than 65% of the operating cost, accounting for a relatively high proportion. Therefore, the company's raw material expenditure is an important factor affecting the whole cost and profit. At present, all kinds of base paper needed by the company are fully supplied in domestic and foreign markets. However, with the change of wood pulp price, the limitation of imported waste paper quota and the gradual increase of domestic waste paper recycling cost, the price of industrial paper may rise.
As can be seen from the above figure, during the period from July 2020 to June 20021year, the price of paper increased, and the highest price of white cardboard reached 10000 yuan, and the price of corrugated paper increased by13.33%. The increase of whiteboard paper reached13.88%; The increase of paperboard reached 14.55%. The price of paper has risen sharply, and the cost of other consumables such as ink has also been greatly spent. Most of the profits of packaging and printing enterprises in the first half of the year were contributed to the leading enterprises in the paper industry.
This also verifies that many business owners mentioned in the summary of the first half of the year that although the revenue has increased substantially, the profits have been eaten by the paper with a sharp price increase. For the paper industry, the third quarter belongs to the traditional peak season, and the peak season of inventory digestion and superposition is coming soon. We are optimistic about the rise of paper prices in the third quarter. From the global market, the price of waste paper remains high, and the price of paper in various countries is still on the rise, even in a state of short supply. This is definitely not a good thing for packaging and printing enterprises, and it may be necessary to reduce the risks brought by rising raw material prices through various means.