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| Paper industry increased business |
With Ban Nianbao the big screen started slowly, Yueyang Paper yesterday at the first Pengchu a net profit of 164.38 percent year-on-year growth of Ban Nianbao. In fact, the performance of Yueyang Paper industry growth are not isolated cases, with the national emission reduction energy-saving work of the in-depth, the intensity of the small paper mills Guantingbingzhuan up, Paper market has entered a good economic cycle.
Paper industry with the national economic and social development is closely related to important basic raw materials industries, with capital-and technology-intensive, significant economies of scale to the characteristics of its associated industries of the strong, market capacity, is pulling forestry, agriculture, printing, packaging, Machinery manufacturing industries, such as the development of an important force of China's national economic development has become a new growth point. As China's sustained and rapid economic development, the rising demand for paper products, pulp production capacity of the rapid growth, has already developed into the United States and Europe to become the world's three major paper and paperboard production and consumption market.
Relevant data show that China's paper industry's supply growth rate from 2007 has begun to slow down. "Energy conservation and environmental protection" policy paper to eliminate backward production capacity. June 2007 Development and Reform Commission announced "a comprehensive energy reduction programme of work," scheme in 2007 out of 2.3 million tons, the "11th Five-Year Plan" period and eliminate backward production capacity 6.5 million tons, 40 percent for low-grade cultural paper, 60 percent Ordinary corrugated. Behind closed down, suspended production of paper used and new factors such as the Olympic Games has made China "Luoyangzhigui."
In addition, the paper industry as China's third Dayong the industry will significantly benefit from the appreciation of the renminbi. With the development of China's paper industry, China's paper consumption of pulp increased rapidly, at the same time as the state's environmental requirements for the improvement and upgrading of product structure, the proportion of wood pulp and waste paper pulp rising, because China is a country of Shaolin , The past two years, domestic consumption of wood pulp imports nearly 70 percent wood pulp, paper pulp also the degree of dependence on the external close to 50 percent. Clearly, imports of raw materials in the context of rapid growth, the accelerated appreciation of the renminbi will greatly reduce the import cost of papermaking enterprises, which will be in their inflation expectations under the effective control of costs, enhance profitability and created conditions.
As the above positive factors, China's paper industry sub-sectors showed a good momentum. As of May this year, the books of paper (such as straw pulp higher proportion of non-wood pulp) prices during the year rose 19.6 percent; domestic Shuangjiao Zhi (the proportion of straw pulp, and other non-wood pulp lower) during the year rose 5.0 percent; newsprint rising trend of the year Rose 15.8 percent. According to the data, the 2008 January-May China's above-scale enterprises paper and paperboard production of about 33.99 million tons, up 16.1 percent; sales income for the same period 175.328 billion yuan, an increase of 28.3 percent, while total profits showed accelerated growth The trend, 1-May to complete a total profit of 10.507 billion yuan, up 61.7 percent year-on-year growth.
The analysis that the paper industry entered a long up-cycle has been established, the second half of 2008, paper prices and gross margins will continue to rise, all the major paper of the future will have to maintain the trend of continuing price increases, the industry is expected to net the whole year 2008 Profit growth of 70 percent. |
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