Papermaking Concept
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China Chengtong accelerates the integration of its papermaking business, Yueyang Forest & Paper plans to "recycle" old assets worth 1.28 billion|Quick announcement
①China Chengtong integrates the papermaking business, mcc meili cloud computing industry investment and yueyang forest & paper are both making moves; ②Yueyang Forest & Paper plans to acquire a pulp company spun off years ago for 1.28 billion in cash / money market; ③The target has had stable profits in the past two years, but Yueyang Forest & Paper's operation continues to be under pressure; ④The target was spun off by Yueyang Forest & Paper in 2015 due to poor performance.
After a public announcement shook the market, shandong chenming paper's AH stock prices both plummeted today, with many banks stating that there is currently no crediting cooperation.
①Affected by related news, shandong chenming paper's AH stocks opened with significant declines today. ②As a star enterprise in shandong, shandong chenming paper once became a key target for banks' public relations and investments. ③Several bank representatives told the China Finance News that there is currently no crediting cooperation with shandong chenming paper. Some banks still have ongoing collaborations, but their exposure is continuously being reduced.
"Is life as fragile as paper"? Product price drops + debt defaults, former leading shandong chenming paper group suspends production on a large scale | Announcement in Brief
① Shandong Chenming Paper has 2.394 billion in debt overdue, and over 70% of its production capacity is restricted; ② The company blames its difficulties on industry impacts, but its performance significantly lags behind competitors; ③ The company's production halt has led to a shortage of coated paper, which may help boost the coated paper market; ④ Besides papermaking, the company also has a sizable financing leasing business; ⑤ As early as 2023, its financing leasing business has already faced a crisis.
The first refinancing application was withdrawn before the meeting within the year, repeatedly lowering the rights issue fundraising to 5 billion. Why was it abandoned just before implementation?
①The refinancing company xiamen c&d inc., scheduled to be reviewed at the meeting on November 5th, was ultimately cancelled for review and the audit was terminated due to voluntary withdrawal; ②The company's performance has declined significantly in recent years, related to the decrease in real estate revenue, with the acquisition of enterprises dragging as another factor.
Violation of non-public issuance information disclosure, yueyang forest & paper's controlling shareholder received a warning letter | Quick Read Announcement.
①As a result, due to the violation of information disclosure rules in the previous private placement fundraising process, the controlling shareholder of Yueyang Forest & Paper received a warning letter. ②Affected by the industry downturn, the gross margin of the new projects undertaken has declined compared to previous years, and Chengtong Kaisheng's net income in the first half of this year has changed from profit to loss.
Specialty paper shows signs of recovery. Xianhe Co., Ltd. and Hangzhou Huawang New Material Technology saw an increase in Q2 performance. | Quick announcement
① Two specialty paper manufacturers are expected to increase their performance in the first half of this year, Xianhe Co.,Ltd. is emerging from a two-year performance downturn, and Hangzhou Huawang New Material Technology has steadily improved its performance in the last three years. ② Improved performance is closely related to cost control.
Changsha supports the adjustment of eligible apartments to residences, and the bullish real estate policy continues to increase.
Changsha City issued a notice on the matters related to supporting the adjustment of apartment and other residential commodity houses to residential buildings, clarifying that apartments and other residential commodity houses with difficulties in development and circulation can be adjusted to residential buildings according to regulations and procedures after being proven feasible under the premise of ensuring the carrying capacity of public service facilities and basic supporting facilities.
The A-share market has seen a new round of share buyback fever in June, with the leading railroad passenger transport company planning to spend 1 billion yuan on repurchasing and cancelling 13 stocks after two consecutive boards responding to investor dem
①A-shares have started a new round of buybacks in June, with 18 listed companies proposing to repurchase more than 100 million yuan (see attached image); ②After Guangdong Songyang Recycle Resources announced a buyback notice on Wednesday night, its stock price rose for two consecutive days (see attached image); ③Ten listed companies including Beijing-Shanghai High Speed Railway announced plans to repurchase shares and cancel them (see attached image).
Withdrawal of 2.5 billion Dingzeng Yueyang Forest Paper: Considering maintaining market confidence, investment and construction projects continue
① Net profit due to the pre-loss of 200 million yuan to 250 million yuan in 2023, and Yueyang Forest Paper plans to withdraw the fixed increase of 2.5 billion yuan; ② The relevant person in charge of the company told the Financial Federation reporter today that after the fixed increase is withdrawn, the cultural paper project with an annual output of 450,000 tons will continue, and some of the funds will be replaced with project loans.
The national CCER market is about to be fully launched, and long-term growth space for related enterprises is expected to open up
In October, the Ministry of Ecology and Environment successively announced the “Administrative Measures on Voluntary Greenhouse Gas Emission Reduction Transactions (Trial)” and the first batch of four CCER project methodologies, which have basically removed the policy and institutional barriers to restarting the CCER market, which indicates that the national CCER market will be fully launched.
HUAWEI CLOUD and Shanghai Data Group release white paper, and the value of data elements is expected to be further unleashed
① Recently, at the HUAWEI CLOUD Industry Summit Forum 2023, Shanghai Data Group and HUAWEI CLOUD jointly released the “Urban Data Space CDS White Paper”, creating a new paradigm of “urban data space” in the industry first. ② China Aviation Securities said that national standards for pricing, authorization, and listing will efficiently promote the circulation of data transactions, and the value of data elements is expected to be unleashed.
CCER's restart combined with the “use of bamboo instead of molding” policy, Qingshan Paper's expansion activities have attracted frequent attention|Direct impact on performance meetings
① Qingshan Paper's recent series of expansion actions have attracted investors' attention; ② Fujian state-owned assets participated in both investments, and the integration or acceleration of forestry resources in the province; ③ CCER's restart promotion and “bamboo instead of plastic” are both driving forces on the policy side.
Two rounds of price increases can't stop the decline in net profit, and Yueyang Forest Paper's gross margin fell to single digits in the first three quarters | Financial Report Interpretation
① The declining prosperity of the paper industry compounded pressure on raw material costs, and Yueyang Forest Paper's net profit fell by more than 70% in the first three quarters. ② The sales volume and sales price of the company's paper products were lower than in the same period, but the cost was higher than that of the same period, and the gross profit of paper products decreased compared to the same period. ③ Since the third quarter, the company has raised prices twice. Some opinions point out that the current social order is not very good. Although there is support for publishing orders, it cannot support too large an increase.
Net profit fell nearly 40% in the first three quarters, can Zhongshun Jierou's profit return to positive growth for the full year of 2023? |Interpretation of financial reports
① Zhongshun Jierou did not increase revenue and profit in the first three quarters of this year, with net profit falling nearly 40% year on year; ② According to estimates, if the company wants to achieve positive profit growth throughout 2023, it will need to complete a net profit of at least 185 million yuan in the Q4 quarter; there is still a gap of 3.177 billion yuan from achieving the revenue target of 10 billion yuan in 2023. ③ The company said it will catch up with goals such as comprehensively fighting the online Double 11 war and starting the Spring Festival takeover campaign ahead of schedule.
Opinion | Policy expectations continue to heat up, driving the Hong Kong stock real estate chain to rebound
Are there better investment opportunities for Hong Kong stocks under the catalysis of real estate policies?
Yutong Technology (002831): Growth bottoms out, repairs diversification, expands growth space, smart factories strengthen profitability
Consumer electronics is expected to enter a new cycle of innovation. Downstream consumer electronics packaging customers will take inventory, and the boom will recover somewhat. The company is a leading provider of consumer electronics packaging solutions in China, serving many of the world's top 500 customers and high-end consumer electronics brands. It has basically achieved full customer coverage in the global consumer electronics industry. The company's consumer electronics revenue accounted for 67.3% in '22, and is expected to benefit from this innovation cycle. Expand tobacco and alcohol packaging & eco-friendly packaging, improve the tobacco and alcohol package pattern, and have plenty of room for growth. The company is deeply involved in the consumer electronics packaging market, while continuing to expand emerging market segments such as wine bags, cigarette packs, and eco-friendly packaging. liquors
Opinion | What impact will further expansion of connectivity have on the Hong Kong market?
Institutions believe that the current two-way expansion and reform of the Shanghai-Shenzhen-Hong Kong Stock Connect is not only conducive to enriching the variety of traded products, expanding the scope of investment and increasing trading activity, but is also of great significance in promoting mutual integration of the capital markets of the two places and speeding up the opening up process of China's capital markets to the outside world
The tobacco sector continued to rise after “boots hit the ground”. Should retail prices rise 50%? The industrial chain is facing a reshuffle
With the general trend of product price increases, competition among e-cigarette companies may have just begun
Consumer vouchers are being issued one after another in various regions. What opportunities are there in the big consumer sector?
CITIC Securities believes that the potential opportunities for overall consumption allocation in the second half of the year are greater than in the first half of the year. The short-term recommendations are still arranged on the basis of epidemic mitigation and marginal repair logic, focusing on travel industry chain industries such as hotels, duty-free, scenic spots, restaurants, etc., and popular goods such as food and dairy products.
Top ten Hong Kong stock news in 2021: Hong Kong raises stamp duty, Evergrande's capital chain is in crisis
Looking back at 2021, there are not only the joy of Xiaomi officially announcing the construction of a car and Zeng Yuqun being the richest man in Hong Kong; there are also the regrets that Huiyuan Juice was delisted from the Hong Kong Stock Exchange and Lee Kam Kee Group Chairman Li Wenda passed away.