The most volcano Eagle paper released its 2018 Ann

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Shanying paper released its 2018 annual report. On March 18, Shanying paper released its 2018 annual report. The company realized a net profit attributable to shareholders of listed companies of 3.204 billion, an increase of 59.04% year-on-year; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 2.677 billion, a year-on-year increase of 33.82%; Basic and diluted earnings per share of 0.7000, no dividend

the company achieved a sales revenue of 24.367 billion, an increase of 39.48% year-on-year, of which the main business revenue was 24.067 billion and other business revenue was 300 million. The annual output of base paper is 463 We 1 saw that it was 210000 tons, the sales volume was 4606300 tons, and the production and sales rate was 99.44%. The output of corrugated box board and carton is 1.217 billion square meters, the sales volume is 1.218 billion square meters, and the production and sales rate is 100.08%

the company's main business and business model during the reporting period

Shanying paper is currently the only International Paper Group in China that integrates recycled fiber recycling, papermaking, packaging, printing, trade, logistics, investment and financing, and the scale of papermaking, packaging and printing ranks first in the country. The production and sales volume of the company's packaging paper ranks third in China, accounting for 9% of the Chinese market share, bringing benefits to China Zhongwang and other high-end aluminum enterprises. The company ranks first in China's largest East China market, accounting for 25% of the market share. The company has a leading market share in the world; The sales volume of the company's packaging sector ranks second in China, with an overall market share of 1.6%. The main business of the company is the production and sales of box board paper, corrugated base paper, special paper, paperboard and carton, as well as the domestic and foreign renewable fiber trade business. The main products of the company are various packaging base paper, paper and paperboard, carton, "Nordic paper" special paper and other paper products of "Shanying brand". Relying on the advantages of industrial chain integration, the company has realized the coordinated development of three businesses: recycled fiber, papermaking and packaging

1. Papermaking industry

the management strategy of the papermaking industry is to take the lead in cost. With advanced equipment and technology combined with the company's scale advantages, the industry has established a benchmarking system for excellent operation, bringing significant industry cost leadership advantages. As of the date of issuance of this report, the company has nine paper-making bases at home and abroad. The domestic bases are located in Ma'anshan, Anhui, Haiyan, Jiaxing, Zhejiang, Jingzhou Public Security Bureau, Hubei (the competition level is also getting higher and higher under construction) and Zhangzhou, Fujian. The overseas bases are the special paper production bases in Sweden (Saffle, backhammar, amotfors), greaker, Norway and Phoenix paper, which integrates papermaking and pulping in Kentucky, USA. With an annual output of 4.6 million tons of base paper, the company is a leading enterprise in industrial packaging paper in China. The company invests in the new central China paper base. It is expected that the annual production capacity will reach 1.27 million tons after the completion of phase I and II projects in 2019. At that time, the company's annual planned production capacity will be close to 6million tons, and the company's leading position in the industry will be further consolidated. The company's packaging paper production raw materials are basically 100% recycled fiber. The full use of recyclable raw materials has greatly protected forest resources and reduced the damage to the natural environment. According to the calculation, nearly 30million cubic meters of forest resources are saved every year

2. Packaging industry

the business strategy of the packaging industry is to focus on customers, lead the industry's product and service innovation through R & D, design, supply chain, etc., and provide overall solutions around customer needs and terminal industry pain points. The packaging industry is committed to realizing intelligent and digital production, improving the R & D and design ability with function expansion and shape innovation as the core, cultivating the service ability driven by intelligent packaging and Internet packaging, strengthening the industrial integration ability with benefit priority and customer orientation, and striving to become the leader of the overall packaging solution. By the end of the reporting period, the company had 23 packaging and printing enterprises, with an annual output of more than 1.2 billion square meters

3. Recycled fiber industry

Huanyu international is the main carrier of the company's recycled fiber industry. It has built a relatively complete global recycled fiber global procurement system through Huanyu in the United States, Huanyu in the United Kingdom, Huanyu in the Netherlands (covering Germany), Huanyu in Japan, Huanyu in Australia and Huanyu in China. In july2018, Huanyu international acquired waste paper trade C.V. in the Netherlands, further strengthening the company's recycling capacity in Europe. The global business of Huanyu is conducive to the protection of forest resources worldwide, which is also the global environmental protection undertaken by the company

4. Other related industries

as of the end of the reporting period, the company also has other related industries such as international trade, logistics and transportation, investment and financing, and environmental protection, which will effectively coordinate the rapid development of its main business

basic information of the company's industry during the reporting period

the papermaking industry is an important basic raw material industry closely related to national economic and social development and characterized by sustainable development. In recent years, the supply and demand of the paper industry has increased steadily, and the industry prosperity has been maintained. According to the 2017 report of China's paper industry, there were about 2800 paper and paperboard production enterprises in China in 2017. The national paper and paperboard production was 111.3 million tons, an increase of 2.53% over the previous year, and the consumption was 108.97 million tons, an increase of 4.59% over the previous year

more than 70% of the raw materials of China's overall paper industry are recycled fibers, and the box board corrugated paper mainly produced by Shanying is close to 100% recycled fibers. The high recyclability of recycled fiber makes the paper industry, especially the box board corrugated paper industry, a green and sustainable development industry, which has made a great contribution to reducing carbon emissions

paper packaging has inherent advantages in environmental protection compared with other packaging. In recent years, many policies related to plastic ban orders have been issued: in may2018, Shanghai issued a series of group standards for takeout meal delivery boxes. The takeout industry will use coated paper bowls with mature production technology to replace plastic meal delivery boxes, which can reduce plastic waste by more than 75% on the basis of ensuring the quality and safety of meal delivery boxes. In 2019, Hainan issued the implementation plan of Hainan Province on the comprehensive prohibition of the production, sale and use of disposable non degradable plastic products, requiring the province to completely prohibit the production, sale and use of disposable non degradable plastic bags and plastic tableware by the end of 2020, and the province to completely prohibit the production, sale and use of plastic products listed in the list of Hainan Province on the prohibition of the production, sale and use of disposable non degradable plastic products (for Trial Implementation) by the end of 2025. The issuance of these plastic ban orders is an immeasurable development opportunity for the paper industry

in 2018, the domestic paper industry experienced a more complex business environment with the increasing number of domestic users: affected by the national environmental protection policy, the foreign waste quota was further reduced. At the same time, Sino US trade frictions have led to rising tariff costs, tight supply of foreign waste, and blocked the export of domestic industrial products. The superposition of the above factors will force some small and medium-sized enterprises to withdraw from the market, and the concentration of the paper industry will continue to increase; The leading enterprises have obvious cost advantages, strong transfer ability, and the profitability is expected to be further improved. The market share will also be gradually expanded, especially the large-scale leading paper enterprises with complete environmental protection facilities and obvious scale effect will become the real beneficiaries under the environmental protection policy

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