70% of the hottest paper companies double their ne

70% of the companies in the paper industry doubled their net profits, and the paper price reached a new high

release date: Source: Securities editor: Yu Jia browsing times: 2784 copyright and disclaimer

core tip: in 2017, the national environmental protection policy continued to be tightened, the backward small production capacity of the paper industry continued to be eliminated, the purchase and logistics express industry continued to grow rapidly, and the price of waste paper continued to rise. Under various factors, Listed companies in the paper industry, whose performance has been in danger in previous years, made a lot of money in 2017

[China Packaging News] in 2017, the national environmental protection policy continued to be tightened, the backward small production capacity of the paper industry continued to be eliminated, the purchase and logistics express industry grew rapidly, and the price of waste paper continued to rise. Under various factors, listed companies in the paper industry whose performance in previous years was in danger made a lot of money in 2017

according to the statistical data, on the premise of the maximum change range of the expected year-on-year increase in net profit, nearly 70% of the listed companies that have announced the 2017 performance forecast expect the net profit to double in 2017, and the specific energy of power battery cells to reach more than 300 watt hours/kg

Zhou Wenbo, an industry researcher at Anxin securities, analyzed and said, "we tracked that there was basically no new production capacity in the white card/coated/offset paper industry from 2017 to 2018, and judged that the operating rate of wood pulp grade paper would remain high or rise slightly in 2018, which would continue the high boom."

"in addition, the introduction of the new waste paper policy (the impurity content of waste paper will be reduced from 1.5% to 0.5%) will also become an important factor to support the paper price. The tight situation of national waste is expected to be especially serious. In 2017, the domestic paper price may reach a new high." Zhou Wenbo said so

70% of the company's net profit doubled

2014. Too low material temperature will cause material shortage. Since the second half of the six years, driven by the dual drive of market and policy de capacity, the major paper types have gradually entered the boom cycle. The rebound of raw materials and price alliances among enterprises have accelerated the recovery of the industry. The issuance of sewage discharge licenses has also had a positive impact on the industry, and the performance of Listed Companies in the paper industry has continued to improve. In this context, in 2017, with the daily rise in paper prices, the performance of Listed Companies in the paper industry generally increased significantly in 2017

statistics show that among the 18 listed companies in the paper industry, 13 companies have increased in advance; 2 slightly increased; 1 pre reduction; One company made up for losses; All the above 17 companies are expected to make profits in 2017. In addition to these 17 companies, only one company with a relatively small proportion of paper-making industry in Ganhua, Guangdong Province is expected to lose money in 2017

other incomplete statistics show that among the above-mentioned companies, 11 listed companies are expected to have the largest change in net profits of more than 100% in 2017. Among them, Yibin Paper and Yueyang forest paper expect the largest changes in net profit in 2017 to be 2731% and 1207.99%. In addition, the largest change in Anne's net profit is expected to be 800.55%

the securities found that the sharp rise in the performance of Yibin Paper Industry was mainly due to the company's receipt of the first payment for the relocation of the old plant from the land acquisition and demolition Service Center in Cuiping District, Yibin City, which is expected to achieve a revenue of about 198million yuan

in addition to the reasons for the rise in paper price, the performance of Yueyang forest paper also includes the factors that the company completed the acquisition of 100% equity of Chengtong Kaisheng Ecological Construction Co., Ltd. in May 2017. The scope of the company's consolidated statements has increased since June. It is estimated that the net profit of the new garden business in 2017 will be 130 million yuan to 145 million yuan

in addition, Annie shares' expected sharp performance rise in 2017 is also related to mergers and acquisitions. Jiao Juan, an industry researcher at Anxin securities, believes that in the first three quarters of 2017, the company achieved operating revenue and net profit attributable to the parent of 437 million yuan and 632 million yuan of demand for modified plastics, with year-on-year growth of 66.1% and 473.5% respectively, due to the acquisition of Changyuan Guoxun consolidated statements in September 2016, adding a new digital copyright service business segment

paper giant expands its territory

according to the above statistical data, three listed companies in the paper industry have estimated that the annual performance of 201710, flat specimen clamping width: 70mm far exceeds that of their peers, and these three companies are still expanding their territory

the securities found that among the above 18 listed companies in the paper industry, 11 companies are expected to have a maximum net profit of more than 100 million yuan, including Chenming paper, Taiyang paper and Shanying paper, which are expected to have a maximum net profit of 3.9 billion yuan, 2.113 billion yuan and 2 billion yuan respectively in 2017. The substantial growth of net profit and the continuous expansion of business scale have made these three companies become giants in the paper industry

Zhou Haichen, an industry researcher at Shenwan Hongyuan, analyzed that Chenming paper has a leading advantage in the production capacity of more than 10 million tons of pulp and paper, and the new production capacity has significantly increased the company's performance. Zhanjiang's 1.2 million tons of white cardboard production capacity was put into operation at the end of 2016, gradually releasing the production capacity. In addition, the average price of white cardboard rose and stabilized at a high level in 2017, significantly increasing the company's revenue and profits

Zhou Haichen said that the company will successively put into production 350000 tons of electrostatic copy paper projects from January to April 2018, and 500000 tons of high-end cultural paper projects will be put into production in July 2018 and 500000 tons of high-end cultural paper projects will be completed, further consolidating its leading position. In addition, the company will have 1.2 million tons of chemical pulp and 600000 tons of coniferous pulp projects in 2018, further improving the self-sufficiency rate of pulp and hedging the cost pressure caused by the rise in pulp prices

at the same time of Chenming Paper's massive expansion, sun paper also followed suit. The company said that "it plans to invest US $140million to increase the total investment of Sun Paper Holdings Laos Co., Ltd., and the funds will be used for the supporting projects of the 300000 ton annual chemical pulp project in Laos". It is understood that the Lao company is the main project body of sun paper's implementation of "Forest Pulp paper integration" in Laos, At present, a seedling raising forest base with an adult seedling raising capacity of 10million plants and a raw material forest planting base have been built. At the beginning of 2017, the annual output of 300000 tons of chemical pulp project of the Lao company was officially started. The company expects that the project will be completed and put into operation in the second quarter of 2018

while Chenming Paper and sun paper are expanding their investment scale, Shanying paper is also expanding its territory

Shanying paper had previously planned to invest in the production and construction project with an annual output of 500000 tons of low weight strong and tough Kraft linerboard, 430000 tons of low weight high strength corrugated paper, and 270000 tons of residue pulp bobbin base paper through a non-public offering project. After the project is completed, 1.2 million tons of paper-making capacity will be added. At the same time, the company also acquired 100% equity of Nordic paper company Nordic, which has a pulp and paper production capacity of 500000 tons, focusing on the oil-proof paper and kraft paper segments. In addition, sutriv holding AB, a company established by Shanying paper in Sweden, and Nordic company have completed the delivery on October 24, 2017. Since the completion date of the delivery, sutriv Sweden holds 100% equity of Nordic company

in addition, in December 2017, the company also announced the acquisition of 100% equity of Fujian Liansheng paper. Statistics show that Liansheng paper takes waste paper as the main raw material to produce high-strength corrugated paper and kraft liner paper. At present, it has four production lines, and the annual production capacity will reach 1.05 million tons after the completion of technological transformation. Its business scope covers the southeast coast, Yangtze River Delta, Pearl River Delta and central China

"in 2017, the company's base paper production capacity was 3.54 million tons, and the packaging carton production capacity was 1.161 billion square meters." Hua Xiaowei, an industry researcher at CSC securities (Hong Kong stock 06066), said: "considering the profit contribution of Nordic paper and Liansheng paper, we expect the net profit attributable to the parent company from 2017 to 2018 to be 2.009 billion yuan and 2.201 billion yuan respectively, with a year-on-year increase of 469.44% and 10% respectively."