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Shan Ying Paper Net Profit Increased By More Than 180% In 2010

2011/1/13 15:33:00 81

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Shan Ying Paper 2010 Net Profit

Shan Ying paper industry

(600567.SH) announcement of performance announcement on the evening of 12, estimated 2010

Net profit

Year-on-year growth of more than 180% over the same period last year, the company achieved a net profit of 58 million 948 thousand and 500 yuan.

Shan Ying paper said that the company's main business maintained a good momentum of development, sales revenue increased substantially, business profits increased, and the real estate business pfer income and financial subsidies were the reasons for the substantial increase in company performance.

Guo Yuan Securities

According to the research report, through the linear regression analysis of the total consumption of paper and paperboard and GDP, it is concluded that the demand for paper and paperboard is highly correlated with the growth of national economy, and the correlation coefficient is over 0.95, especially the demand for wrapping paper is closely related to the macro economy.

With the gradual recovery of the macro-economy, the market demand growth of paper products will gradually go out of the trough.

Shan Ying paper main packaging paper.

The main products are packaging paper, corrugated paper, corrugated box, carton, and a small amount of newsprint and cultural paper.

State Yuan Securities said that although the impact of raw material prices, but the company timely raised its main products corrugated, box board, and carton prices, the cost of the success of the pmission to the terminal; and in addition to the expansion of traditional eastern China, the company also actively expand the market in Shandong, Wuhan and other places; the pfer of real estate business, the annual performance of icing on the cake.

In 2010, Shan Ying paper was pferred to the controlling shareholder, Shan Ying group, with the total price of 61 million yuan, and the 51% share of the Eagle Eagle estate will be withdrawn from the real estate industry.

Three quarterly report shows that in 2010, 1-9 months, the company realized revenue of 2 billion 766 million yuan, an increase of 40.1% over the same period last year, and realized the net profit of the owners of the parent company was 81 million 180 thousand yuan, and the earnings per share were 0.15 yuan.

12, Shan Ying paper reported 5.12 yuan, up 1.39%.