Hong Kong paper stocks continued to rise. Nine Dragons Paper rose more than 7%, Chenming Paper rose more than 3.5%, Lee & Man Paper rose more than 2%, and Sunshine Paper followed suit.
Hong Kong paper stocks continued to rise. Nine Dragons Paper rose more than 7%, Chenming Paper rose more than 3.5%, Lee & Man Paper rose more than 2%, and Sunshine Paper followed suit.
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?
陽光紙業:2023 年報
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.
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.
Hong Kong paper stocks fell again in the afternoon. Nine Dragons Paper fell nearly 4%, Chenming Paper fell more than 3.5%, Liwen Paper fell more than 2%, and Sunshine Paper followed suit.
Hong Kong paper stocks fell again in the afternoon. Nine Dragons Paper fell nearly 4%, Chenming Paper fell more than 3.5%, Liwen Paper fell more than 2%, and Sunshine Paper followed suit.
Changes in Hong Kong stocks | Paper stocks rose the most, Chenming Paper (01812.HK) announced that in the first quarter, Yingxi Institution says supply and demand in the industry will gradually reach an inflection point
Paper stocks had the highest gains in early trading. As of press release, Chenming Paper (01812.HK) rose 5.29% to HK$1.79; Nine Dragons Paper (02689.HK) rose 5.04% to HK$3.54; Lee & Man Paper (02314.HK) rose 3.64% to HK$2.56; and Sunshine Paper (02002.HK) rose 1.13% to HK$1.79.
China Sunshine Paper's 2023 Profit Increases
China Sunshine Paper (HKG:2002) posted 2023 profit attributable to owners of 393.3 million yuan, or 0.39 yuan per share, up from 205.7 million yuan, or 0.20 yuan per share, a year earlier. The paper m
Sunshine Paper (02002) announced annual results. Profit attributable to shareholders was 393 million yuan, an increase of 91.2% over the previous year
According to the Zhitong Finance App, Sunshine Paper (02002) announced its annual results for 2023, with revenue of about 8.36 billion yuan, a year-on-year decrease of 12.4%; annual profit attributable to company owners was about 393 million yuan, an increase of 91.2% over the previous year; profit per share was 0.39 yuan. According to the announcement, in 2023, the company will adhere to a differentiated and high-end product positioning, and the business of each division will advance steadily. In fiscal year 2023, the Group sold a total of 2.03 million tons of machined paper, up 3.1% from 1.953 million tons in the same period of 2022. However, due to the general reduction in sales prices in the industry, revenue of 83 was achieved.
SUNSHINE PAPER: ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023
China Sunshine Paper Expects 2023 Profit to Surge 100%
China Sunshine Paper Holdings (HKG:2002) expects an increase of approximately 90% to 100% in its net profit attributable to the shareholders for the year ended Dec. 31, 2023, compared with the previou
Hong Kong Stock Concept Tracking | Large-scale paper companies have announced price increases for cultural paper one after another, orders for multiple types of paper are full, and supply is tight (with concept stocks)
Currently, products such as cultural paper and coated paper are in high demand and full of orders.
Announcement Highlights: Xiaomi Q4's adjusted net profit increased 236.1% year on year; Xiaopeng Motor Q4's adjusted net loss decreased by 19.9% year on year
Li Ning's revenue in 2023 was 27.598 billion yuan, an increase of 7.0%; China Unicom's profit due to equity holders in 2023 was 18.7 billion yuan, an increase of 11.8% over the previous year.
Sunshine Paper (02002) Fa Yingxi expects the comprehensive profit attributable to shareholders to increase by about 90% to 100% year-on-year in 2023
Zhitong Finance App News, Sunshine Paper (02002) announced that the group's net comprehensive profit attributable to shareholders in 2023 is expected to increase by about 90% to 100% year-on-year. According to the announcement, the sharp increase in comprehensive net profit was mainly due to falling prices of bulk materials such as waste paper, wood pulp, coal, etc., and the reduction in the Group's procurement costs, leading to an increase in gross profit and gross margin; the return of expected credit losses from financial assets; a joint venture of the group, which made a profit and lost money in 2022; and a decrease in losses shared with one of the Group's associated companies.
SUNSHINE PAPER: POSITIVE PROFIT ALERT
Sunshine Paper (02002.HK) held a board meeting on March 28 to approve annual results
Gelonghui March 15 | Sunshine Paper (02002.HK) announced that the board of directors meeting will be held on March 28, 2024 (Thursday) to approve (including) the final results of the company and its subsidiaries for the year ended 31 December 2023 and consider the proposal to declare a final dividend (if any).
SUNSHINE PAPER: NOTICE OF BOARD MEETING
Changes in Hong Kong stocks | Sunshine Paper (02002) rose more than 6%, leading paper companies in the paper industry started a new round of price increases, and cultural paper performance can be expected during the peak season in March
Paper stocks generally rose. As of press release, Sunshine Paper (02002) rose 6.15% to HK$1.9; Nine Dragons Paper (02689) rose 5.5% to HK$3.45; and Lee & Man Paper (02314) rose 2.3% to HK$2.22.
China Sunshine Paper Shareholders to Vote March 5 on Contract Renewal With Affiliate
Shareholders of China Sunshine Paper Holdings (HKG:2002) will meet March 5 to vote on the renewal of two agreements between units of the company and affiliate Xiamen C&D Paper & Pulp Group. The new ag
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