The hottest Nine Dragons plans to add four paper m

Nine Dragons plans to add four paper machines during the year, with a total capacity of more than 19million tons by the end of 2021

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core tip: [China Packaging News] on the evening of February 26, Nine Dragons Paper announced its interim performance as of the end of December 31, 2018. Due to the increase in raw material costs and the decline in product prices, Nine Dragons Paper

[China Packaging News] on the evening of February 26, Nine Dragons Paper announced its interim results for the end of December 31, 2018. Due to the increase in raw material costs and the decline in product prices, the gross profit margin of Nine Dragons Paper fell significantly, dragging down the overall performance

at the same time, Nine Dragons Paper plans to add four carton board machines with a total capacity of 2.05 million tons/year, which will be put into production in the quarter of this year. After four paper machines are put into operation, plus the upgrading and expansion of four factories in the United States, the total capacity of Nine Dragons Paper will exceed 19million tons by the end of 2021

affected by the increase in raw material costs and the decline in paper prices, Nine Dragons Paper's profits fell by 43.5%

Nine Dragons Paper is a well-known paper-making enterprise in China. Its products include paperboard (Kraft linerboard, environmentally friendly Kraft linerboard, white faced Kraft linerboard and coated kraft linerboard), high-strength corrugated core paper, coated gray background whiteboard paper, environmentally friendly cultural paper (including double offset paper, copy paper, etc.) and special paper

manual hydraulic universal testing machine in the past two years, Nine Dragons Paper has made a lot of money. However, in its recent performance announcement, its profit fell by 47.8%, and its gross profit margin hit a new low in recent four years

this period contains Milad? Nxtm8000 ultra permeable polypropylene sheet can be widely used in the field of fruit, meat products and fast food packaging. The sales revenue of Nine Dragons Paper is about 30.328 billion yuan, an increase of about 18.2% over the same period last year. Among them, the packaging paper business (paperboard, high-strength corrugated core paper and coated gray whiteboard) accounted for about 86.2% of the total sales revenue, and cultural paper, high price special paper and pulp products accounted for 13.8% of the total sales revenue

the sales volume of Nine Dragons Paper mainly comes from the Chinese market (especially the paperboard and high-strength corrugated core paper business). During the period, the sales revenue in China accounted for 89.0% of the total sales revenue, while the remaining 9.1% and 1.9% of the sales revenue were generated from sales to the U.S. and Vietnam markets respectively

gross profit and gross profit margin

during this period, Nine Dragons Paper's gross profit was about 4.713 billion yuan, a decrease of 25.1% over the same period last year. The gross profit margin decreased from 24.5% to about 15.5%, mainly due to the increase in raw material costs (mainly waste paper and coal costs) and the decline in product prices

during this period, the profit attributable to equity holders of Nine Dragons Paper was about 2.259 billion yuan. If the exchange loss (net of tax) excluding operating and financing activities is about 198million yuan, the profit attributable to equity holders in the current period is about 2.458 billion yuan, and the updated extruder products are about 43.5% lower than the same period last year

Nine Dragons Paper said in its performance report that the decline in profits was mainly due to the conservative manufacturing industry caused by the Sino US trade war, which affected its product demand; At the same time, the quota of imported waste paper was reduced and the quality requirements were improved, which made the supply and price of imported and domestic waste paper fluctuate violently, dragged down the price of products, and greatly affected the profitability of the group

however, its sales volume and sales revenue can still grow. Nine Dragons Paper said that with its comprehensive product portfolio and unmatched extensive production base network of its competitors in the industry, the group can give full play to its advantages in cross regional sales, reduce finished product inventory when the market environment slows down, and make the sales volume and sales revenue of its main businesses reach a record high

four paper machines were successively put into operation in the quarter of this year, and the total capacity will exceed 19million tons by the end of 2021.

as of December 31, 2018, the total design annual capacity of Nine Dragons Paper is 15.3 million tons. Among them, domestically, cardboard, high-strength corrugated core paper, coated gray whiteboard, cultural paper, high price special paper and pulp products are about 7.6 million tons, 3.4 million tons, 2.6 million tons, 1.1 million tons and about 600000 tons respectively

in foreign countries, the annual capacity of four American pulp and paper mills is about 1.3 million tons. Among them, the annual production capacity of single-sided coated paper, copper board paper, coated mechanical pulp paper and special paper used for cultural paper is about 900000 tons, and the annual production capacity of recycled pulp and hardwood pulp is about 400000 tons

during the reporting period, the sales volume of Nine Dragons Paper products reached 7.5 million tons, an increase of 19.0% over the same period last year. Among them, the sales volume of China business increased by 700000 tons, the sales volume of Vietnam business increased by 100000 tons, and the sales volume of newly acquired U.S. business increased by 400000 tons

at the beginning of this year, Chongqing base put into operation a 550000 ton/year carton board machine, and the total design capacity of Nine Dragons Paper reached 15.85 million tons. At the same time, Nine Dragons Paper will actively achieve the goal of completing the construction of four new paper machines in China this year: three new paper machines located in Shenyang, Hebei and Quanzhou bases are expected to be put into operation in the second quarter; The new paper machine located in Dongguan base can save 30% to 50% of warm energy consumption; Compared with metal water pipes, it is expected to be put into production in the third quarter

Nine Dragons Paper said that in the future, it will actively explore and carry out upstream development in the world to ensure a stable, reliable and cost-effective supply of raw materials for its production needs, and carry out a series of equipment upgrading and expansion plans for four pulp and paper mills in the United States. It is estimated that the total capacity will exceed 19million tons by the end of 2021

on the whole, due to the Sino US trade war, the domestic economic environment and the fluctuation of waste paper price, the paper price of Nine Dragons Paper industry fell and its profitability fell sharply. However, with the gradual expansion of production capacity and the gradual recovery of the domestic economy, nine dragons' leading position will be further strengthened