After four months of continuous growth, the paper sector has received “cyclical” new capital?
Is it the paper sector's turn to “wealth” brought about by the rotation of this industry?
Changes in Hong Kong stocks | Nine Dragons Paper (02689) rose more than 6%, leading the paper stock, pulp, which is expected to continue to strengthen in the second quarter, and the rise in cultural paper prices came to fruition smoothly
Paper stocks had the highest gains. As of press release, Nine Dragons Paper (02689) rose 6.1% to HK$3.48; Lee & Man Paper (02314) rose 5.58% to HK$2.46; and Chenming Paper (01812) rose 2.21% to HK$1.85.
Chenming Paper (01812.HK) decided to dismiss HKK2's appeal against the Court of First Instance decision
Chenming Paper (01812.HK) issued an announcement. In October 2022, the company commissioned a Hong Kong legal adviser to apply to the Court of First Instance to seek revocation or adjournment of the winding-up petition filed by HKK2 against the company. On July 25, 2023, the Court of First Instance heard the application and handed down a ruling on August 10, 2023, to set aside the winding-up petition. HKK2 appealed against the Court of First Instance decision on October 31, 2023. The appeal was heard by the Court of Appeal on March 21, 2024.
Chenming Paper (000488): Waiting for operational improvements
The company released the 2023 annual report and the 2024 quarterly report, 24Q1 revenue of 6.76 billion yuan, an increase of 9.8%; net profit to mother was 58 million yuan, an increase of 121.1%, turning a loss into a profit; withholding non-return of 226 million yuan
Tianfeng Securities released a research report on April 22 stating that it gave Chenming Paper (000488.SZ) a holding rating. The main reasons for the rating include: 1) The company released the 2023 report and the 2024 quarterly report; 2) In 2023, due to
Tianfeng Securities released a research report on April 22 stating that it gave Chenming Paper (000488.SZ) a holding rating. The main reasons for the rating include: 1) The company released the 2023 report and the 2024 quarterly report; 2) In 2023, due to weak downstream demand in the paper industry, the company's mechanical paper sales decreased year on year; at the same time, due to the concentrated investment of new production capacity, the price of machine paper, especially white card paper, was drastically reduced year on year, while the prices of raw materials such as wood chips, raw coal, chemicals are still operating at a high level, squeezing the company's profit space; 3) Strengthen sales management to seize the market and enhance the company's benefits; 4) Refine financial management and take more measures
Changes in Hong Kong stocks | Sunshine Paper (02002) is now rising more than 7%, leading paper stocks, and many paper companies have issued shutdown letters, agencies say the price of cultural paper is expected to achieve cost transmission
Paper stocks picked up in early trading. As of press release, Sunshine Paper (02002) rose 7.06% to HK$1.82; Chenming Paper (01812) rose 3.43% to HK$1.81; Nine Dragons Paper (02689) rose 1.61% to HK$3.15; and Liwen Paper (02314) rose 1.3% to HK$2.34.
Frequent news of production cuts and shutdowns has surged costs, and the outlook for paper companies in Q2 is bleak
“Due to the sharp rise in pulp board prices, our costs have increased dramatically. At the same time, it was difficult to raise prices in the finished product market, and the company suffered unprecedented losses and decided to stop production and maintenance of the No. 1 and No. 2 paper machines.” Recently, several household paper companies in Hebei issued shutdown notices.
Chenming Paper (01812) was released from the largest shareholder Chenming Holdings for a total of 1.36 million shares
Zhitong Finance App News, Chenming Paper (01812) issued an announcement. The company recently received a letter from Chenming Holdings Co., Ltd. (Chenming Holdings), the largest shareholder, to learn that some of the company's shares held by it were released from the pledge. The total number of shares released from pledge this time was 1.36 million shares, accounting for 0.44% of the company's total share capital.
Hong Kong Stock Concept Tracking | Wood pulp prices continue to rise, and the paper industry ushered in a new wave of price increases (with concept stocks)
Agencies expect the mismatch between global pulp supply and demand to be prominent in the second quarter
Orient Securities: Demand from Europe and the US is picking up, supply shocks are frequent, and pulp is expected to continue to strengthen in the second quarter
The Zhitong Finance App learned that Orient Securities released a research report stating that starting at the end of 2023, the European and American paper industry chains are coming to an end, and demand for pulp is gradually picking up. Global pulp supply disturbances have been frequent since March. The mismatch between global pulp supply and demand is expected to be prominent in the second quarter. Combined with pulp inventories throughout the industry chain, the pulp inventory in the entire industry chain is at a medium to low level, and pulp prices are expected to maintain a strong trend in the second quarter. In terms of bulk paper, we are currently in the traditional peak season for cultural paper. If pulp prices continue to be strong, cultural paper prices are expected to achieve cost transmission, and cultural paper industry leaders, which account for a relatively high proportion of self-supply pulp, are expected to benefit from this round of rising paper prices and achieve profitable expansion. Inci
Chenming Paper (000488): Divestment of the hotel business to focus on the asset structure of the main pulp and paper industry is expected to continue to be optimized
Incident: The company released its 2023 annual report and 2024 quarterly report, and achieved revenue of 26.609 billion yuan in 2023, -16.9% year-on-year; net profit to mother - 1,281 billion yuan, mainly due to ① demand from downstream
Hong Kong stocks closed (04.16) | The Hang Seng Index closed down 2.12%, and China Holdings (01233) fell for a while in an era where science and network and auto stocks were under pressure all day
The monthly retail sales rate in the US exceeded expectations in March. US stocks closed down across the board overnight. The 10-year US Treasury yield once broke through 4.66% and hit a new high during the year, and the 2-year Treasury yield was close to 5%. Hong Kong stocks continued to weaken along with the periphery, and the decline widened further in the afternoon.
Hong Kong Stock Afternoon Review: The Hang Seng Index plummeted 1.93%, and major stocks such as technology fell sharply, Tesla plans to lay off 10% of global employees, and NEVs plummeted
Glonghui, April 16 | Hong Kong stocks continued to fall yesterday in the morning session, and market sentiment was sluggish. As of midday trading, the Hang Seng Technology Index had the weakest performance, falling by nearly 3%. It closed down 2.7% in the afternoon. The Hang Seng Index and China Index fell 1.93% and 1.82% respectively. All three had a low opening for 2 consecutive days. On the market, the weight of large technology stocks, big financial stocks, and Chinese head stocks dragged down the market. Many stocks such as JD and Alibaba fell more than 2%, and China Merchants Bank, CITIC Securities, and AIA all fell; Tesla plans to lay off 10% of global employees. The car market price war was still intense in April. Auto stocks fell sharply, and new energy vehicle stocks fell sharply
Changes in Hong Kong stocks | Chenming Paper (01812) rose more than 4%. The company's net profit for the first quarter was about $58.1962 million and turned a year-on-year loss into profit
Chenming Paper (01812) rose more than 4% and rose 4.29% to HK$1.7 at press time, with a turnover of HK$385,900.
晨鳴紙業:2024年第一季度報告
Chenming Paper (000488.SZ): Net profit of 58.1962 million yuan for the first quarter reversed the year-on-year loss
Gelonghui, April 15 | Chenming Paper (000488.SZ) released its report for the first quarter of 2024. Operating revenue for the reporting period was 6.762 billion yuan, up 9.84% year-on-year. Net profit attributable to shareholders of listed companies was 58,1962 million yuan, turning a year-on-year loss into a profit; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was -226 million yuan; basic earnings per share were 0.020 yuan.
Zhongtai Securities: Pulp price inflection point at the end of Q2 or paper companies currently focusing on good price and cost control capabilities
According to a research report released by Zhongtai Securities, the core driver of this round of pulp growth is European demand restoration+low inventories+capacity maintenance.
Futu Morning Post | Wall Street raised gold price expectations one after another: Goldman Sachs 2700, Bank of America 3000, UBS 4000!
Federal Reserve Collins: Inflation will continue to slow, and interest rates are expected to be cut twice this year; 50% price cut! Tesla's monthly rent for fully automated driving is now only $99; the biggest risk of “weight loss elixir” has been eliminated! European Medicines Agency: Drugs such as Wegovy have nothing to do with suicide.
Weekly preview | Earnings season is at its peak! Netflix and TSMC will release the list; the situation in the Middle East has once again escalated, and financial markets may once again experience turbulence
The Federal Reserve will publish the Beige Book on the state of the economy, from which the market will obtain information on the state of the US economy at the end of the first quarter. Meanwhile, many Federal Reserve officials will continue to deliver regular speeches, and statements about economic prospects and policy paths will become the focus of the market.
Chenming Paper (01812.HK) was pledged 35 million A shares by Chenming Holdings, the largest shareholder
Chenming Paper (01812.HK) issued an announcement. The company recently received a letter from the largest shareholder, Chenming Holdings Co., Ltd. (hereinafter referred to as “Chenming Holdings”), and learned that some of the shares of the company it holds have been pledged. The total number of shareholders' shares pledged this time is 35 million A shares.
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