The most popular Nine Dragons will raise the price

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Nine Dragons advertising has undergone earth shaking changes and is about to raise prices! An increase of 200 yuan/ton

on February 27, Nine Dragons Paper held a mid-term performance Conference for fiscal 2019 in Hong Kong. The management said that in the first half of the year, due to the impact of China US trade and environmental protection policies, the demand and price of the paper industry were under pressure. In addition to the increase in total sales, the gross profit and gross profit margin decreased, and the net profit decreased by 48%. Zhang Yin said that nine dragons had raised prices twice before and after the Spring Festival, and her younger brother Zhang Chengfei continued to point out that the price and cost of finished paper are still low, so according to the trend of finished paper and raw materials, finished paper should have a 200% increase from now on. It seems that nine dragons will raise the price again, and the increase is likely to be 200/ton

On the evening of February 26, 2019, Nine Dragons Paper (02689) announced that in the six months ended December 31, 2018, the company's turnover was 30.328 billion yuan, an increase of 18.2% year-on-year; The profit attributable to the owners of the company was 2.259 billion, a year-on-year decrease of 48%; Earnings per share is 0.48 and interim dividend per share is 0.1

if the exchange loss (excluding tax) of operating and financing activities is about 198million, the profit attributable to equity holders of the company during the period is about 2458million, a decrease of 43.5% compared with the same period last year, which is due to the increase in raw material costs (mainly waste paper and coal costs) and the decline in product sales price. During this period, the gross profit margin decreased from 24.5% to about 15.5%

according to the announcement, the sales volume of the group reached about 7.5 million tons during the period, an increase of 19.0% year-on-year. The increase in sales was driven by the increase of about 700000 tons, 100000 tons and 400000 tons in the sales of China business, Vietnam business and newly acquired US business respectively

during the period of the universal tensile testing machine, the sales of paperboard, high-strength corrugated core paper and cultural paper increased by about 16.9%, 19.5% and 145.5% respectively compared with the same period last year, while the coated gray bottom whiteboard decreased by about 4.8% compared with the same period last year. At the same time, the pulp and paper mill recently acquired by the company also sold wood pulp and recycled pulp to the US market during this period

zhangchengfei: the cost is higher than the paper price, and the finished paper should have a 200% increase from now on.

, The dividend payout ratio is expected to reach about%. She added that as long as the financial health permits, she will do her best in paying dividends

Zhang Yin said that the trade war had an impact on the performance during the reporting period. However, she is cautiously optimistic about the future of China US economic and trade. She believes that the manufacturing industry will not get worse. However, the improvement of the industry still depends on the concrete implementation of the agreement. Import waste paper has been subject to an additional 25% tariff. Zhang Yin believes that the overall raw material price is basically stable this year. At present, the industry has also tried to increase supplementary raw materials, develop wood pulp and recycled pulp to reduce costs

Zhang Yin said that after the lunar new year, the company's sales continued to maintain a strong balance between production and sales. She said that she was optimistic about this year's economic performance. The company raised the price before the new year and also slightly after the new year, about RMB (the same below). It is believed that the operation of the company in the second half of the year will not be worse than that in the first half of the year, but it is difficult to estimate the gross profit margin

zhangchengfei, vice chairman and vice chief executive officer, pointed out that the decline in the proportion of imports and the mismatch in the growth of domestic consumption reflected that there was still a certain gap in domestic raw materials. He believed that the current price of waste paper in different regions was about RMB (the same below). From the analysis that the overall demand popularity would also be further expanded, the price should be around 2500. He added that the current price of finished paper is still low compared with the cost, so according to the trend of finished paper and raw materials, finished paper should have a 200% increase from now on

when asked about inheritance, Zhang Yin said with a smile that the eldest, the second and the third are all here. They have made inheritance arrangements when they can take the stage. She stressed that they have their own specialties and important tasks. Inheritance is also very well arranged. It takes time to experience in order to succeed, so it has been deployed

by the end of 2021, the total capacity of Nine Dragons Paper Group will exceed 19million tons

on December 31, 2018, the total design annual capacity of Nine Dragons Paper is 15.3 million tons. On the other hand, the new paperboard machine in Chongqing base was put into operation in February, 2019, adding 550000 tons to the group's production capacity

the management said that the sales volume of 1hfy19 reached a new high of 7.5 million tons under the tight situation of the international and domestic industries. During the period, the company completed the acquisition of 380000 tons of total capacity by two pulp mills in the United States, aiming to reduce the cost of raw materials. With the commissioning of four paper machines in late 2019 and the upgrading and commissioning of four factories in the United States, the total capacity of Nine Dragons Paper will exceed 19million tons by the end of 2021

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