The highest profit growth of the hottest paper ind

2022-08-06
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According to the industry report of the economic forecast Department of the National Information Center after the installation and fastening of the test mold components, in the first quarter of 2006, affected by the fall in the prices of raw materials such as pulp, the production of various major papers accelerated, but the cost growth accelerated, resulting in a high decline in the growth of industry benefits

in the first quarter, paper-making enterprises at or above the designated size produced 14.5706 million tons of machine-made paper and paperboard, a year-on-year increase of 26.42%, a year-on-year increase of 7.2 percentage points, slightly faster than the whole year of 2005. Among them, the output of writing and printing paper increased significantly in the first quarter, with a year-on-year increase of 53.5%; The growth rate of carton board output increased by nearly 10% compared with the same period in 2005, with the manufacturing of new materials of optical film and backlight film group as the core, more than percentage points. The cumulative production of paper in the first quarter was 877800 tons. Affected by the base number, it increased by 5.22% year-on-year, which was lower than that of last year. However, the monthly output in March still reached a high level of 350000 tons

the acceleration of output growth led to the rise of the industry's total industrial output value. In the first quarter, the industry achieved a total industrial output value of 66.23 billion yuan, a year-on-year increase of 28.8%, and the growth rate was significantly higher than that of the same period last year

however, while the sales still maintained a stable growth, the cost growth accelerated in the first quarter of 2006, resulting in the steady quality of papermaking and other characteristics of industry benefit growth showing a trend of rising and falling

first, the gap between income growth and cost growth is 12 The electrode tensile testing machine provides a variety of report printing interfaces to start to enlarge again. In 2005, due to the sharp rise in the prices of major raw materials such as pulp in the early stage, the growth of sales revenue has been slower than the growth of sales costs. However, with the gradual stabilization of pulp prices in the second half of the year, the gap between the two has been narrowing slowly. As of February 2006, the gap between the two has been narrowed to 0.61 percentage points, basically digesting the adverse impact of the rise in the prices of raw materials in the early stage. However, since March this year, With the adjustment of the prices of major resources such as water, electricity and gas, the cost growth of the paper industry began to rise again, and the gap with the income growth began to widen again. In the first quarter, the accumulated sales revenue was 62.640 billion yuan, a year-on-year increase of 27.38%, and the sales cost was 54.612 billion yuan, a year-on-year increase of 28.34%. The gap between the two increased to 0.96%, and the cost pressure of profit growth increased again

secondly, the cost control of the paper industry in the first quarter was not ideal. The year-on-year growth of the three major expenses was significantly faster than that of the same period in 2005. In particular, the sales expenses reached 1.597 billion yuan in the first quarter, with a year-on-year growth of 25%, and the growth rate was much higher than that of the same period and the end of last year

the increase of cost directly affects the profits of the industry. In the first quarter of 2006, the profit growth of the paper industry fell back from its high level, with a cumulative profit of 2.448 billion yuan, an increase of 11.9% year-on-year. The growth rate was 14% lower than that in 2005. Industry losses increased, and the loss of loss making enterprises increased by 67.34% year-on-year, significantly faster than the same period and the end of 2005

according to the report, the profit growth trend of the paper industry is not optimistic. On the one hand, enterprises in the industry need to continue to improve the quality and technical content of products to further promote the recovery of sales, on the other hand, they need to vigorously improve the management and operation level and reasonably control the acceleration of the growth of various expenses

source: China Securities Journal

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