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How is the outlook for the papermaking peak season? Manufacturers are cautiously optimistic, with cost control still being the main theme|Industry News
1. The papermaking peak season has started, and many paper mills hold cautious optimism expectations; 2. The industry was flat in the first three quarters, and the cost advantages of leading paper enterprises are showing; 3. There are many factors causing differences in gross profit of paper enterprises, with inventory management being the core; 4. The pressure of rising paper prices in Q4 still exists, and paper enterprises still need to compete in cost control.
ZHENGYE INT'L: INTERIM REPORT 2024
Zhengye International (03363.HK) achieved a net profit of 15.026 million yuan in the first half of the year.
Zhengye Int'l (03363.HK) announced on August 23 that its revenue for the six months ended June 30, 2024, was approximately RMB 1.162 billion, basically flat. The gross margin of the group in the first half of 2024 was 14.08% (approximately 11.31% for the same period in 2023), an increase of 2.77% from the same period last year. This was mainly due to a 5.61% decrease in the purchasing price of raw materials compared to the same period last year, while the selling price of products increased slightly by 6.89%. During the review period, the group persisted in research and development innovation and proposed cost strategy and differentiation strategy. The papermaking division focused on the development of new products.
Express News | Zhengye International Holdings H1 Revenue RMB 1,161.8 Million
ZHENGYE INT'L: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2024
Orient Securities: In July, China's paper and paperboard production increased by 11.5% year-on-year, and culture paper and specialty paper prices may gradually stabilize.
The cumulative output of machinery paper and paperboard from January to July 2024 increased by 13.5% year-on-year, with a production volume of 13.17 million tons in July, a year-on-year increase of 11.5%.
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