The hottest paper industry reshuffle accelerates t

2022-08-24
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The reshuffle of the paper industry accelerates the elimination of paper enterprises that fail to meet environmental protection standards

release date: Source: China business Views: 6023 copyright and disclaimer

core tip: Recently, many paper enterprises have disclosed the third quarterly report. Judging from the overall data, the life of paper industry enterprises is not easy. "At this stage, the decline in the performance of paper enterprises is mainly due to the market downturn, reduced sales, and the decline in the price of paper and pulp. However, since September, in the" golden nine silver ten "consumption peak season, the market has begun to pick up." A Huatai Paper executive told that, in fact, the industry as a whole is still improving. Some large paper enterprises are steadily expanding, and small and medium-sized enterprises with backward production capacity and environmental protection standards will continue to be eliminated

"the main reasons for the decline in the performance of paper enterprises at this stage are the market downturn, reduced sales, and the decline in the price of paper and pulp. However, since September, in the" golden nine silver ten "consumption peak season, the market has begun to pick up." A Huatai Paper executive told China Business Daily that, in fact, the industry as a whole is still improving. Some large paper enterprises are steadily expanding, and the backward production capacity of small and medium-sized enterprises has been continuously eliminated

according to the data released by the National Bureau of statistics, from January to June this year, industrial enterprises above Designated Size achieved a total profit of 2984 billion yuan, a year-on-year decrease of 2.4%. Among them, the operating income of the papermaking and paper products industry from January to June was 652.83 billion yuan, a year-on-year decrease of 2.3%; The operating cost was 569.58 billion yuan, a year-on-year decrease of 1.2%; The total profit was 28.15 billion yuan, a year-on-year decrease of 25.4%

"influenced by supply side reform and trade frictions, the paper industry is facing certain challenges and adjustments in 2019. The domestic paper market continues to be depressed, and demand has fallen, resulting in a large decline in paper prices." Jiang Kaiyu, a researcher at Zhongyan Puhua, told China Business Daily that due to the overcapacity of paper products in the plastic industry, coupled with intensified market competition, weak downstream demand and other factors, the profits of paper enterprises have further declined

in addition, Jiang Kaiyu believes that the future market space of the paper industry may be more concentrated in household paper. With the increasing popularity of electronic office, the demand for paper continues to decline, especially office paper. For household paper, with the change of consumption concept, the range covers GB, ASTM, DIN, JIS, BS, etc., and the demand for paper of different types and levels is more detailed, which may be a market opportunity

according to the white paper on the sustainable development of China's paper industry, from 2008 to 2017, the products and consumption of household paper and disposable outdoor products in China gradually increased, the market size of household paper increased from 40 billion yuan to 110.6 billion yuan, the annual per capita consumption increased from 2.95 kg to 6.1 kg, and the market size of disposable outdoor products increased from 48.8 billion yuan to 120 billion yuan

2. The paper market has been reshuffled! Paper enterprises with backward production capacity and environmental protection standards are facing elimination

in recent years, domestic environmental protection supervision has increased, some heavily polluting small paper mills have been forced to withdraw from the market, and many paper enterprises have suffered losses

according to the monitoring data of China Commercial Industry Research Institute, 2018 ① The design of fixtures is mainly based on the experimental standards of materials and the shape and material of samples (especially finished and semi-finished products). In, there were 6704 paper-making enterprises and 1045 loss making enterprises, with a year-on-year increase of 23.5% and a loss of 15.6%, which has expanded compared with 2017. At the same time, the loss scale of paper enterprises has also expanded. In 2018, paper enterprises lost 8billion yuan, an increase of 58.3% year-on-year

according to the statistics of the National Bureau of statistics, there were about 6681 paper industry enterprises above Designated Size in China in 2017, 3330 less than 10011 in 2008, with total assets of 1.46 trillion yuan, an increase of 96% over 744.9 billion yuan in 2008. The industry concentration was further improved

with the increasing concentration of Chinese paper enterprises, the main business revenue of Chinese paper enterprises in 2018 was 1372.79 billion yuan, an increase of 8.3% year-on-year. Although many paper-making enterprises went bankrupt due to environmental problems, the main business revenue of large paper-making enterprises increased, which led to the rise of the main business revenue of the whole industry

the financial report shows that from 2016 to 2018, the operating revenue of sun paper was 14.455 billion yuan, 18.894 billion yuan and 21.768 billion yuan respectively, with a year-on-year increase of 33.54%, 30.71% and 15.21% respectively; The net profit was 1.057 billion yuan, 2.024 billion yuan and 2.238 billion yuan respectively, with a year-on-year increase of 58.52%, 91.55% and 10.54% respectively

under the survival of the fittest, some leading paper enterprises continue to choose to expand

in 2016, the environmental conditions provided by any one of the two Voith bags of environmental experimental equipment of sun paper in Zoucheng base must be observable and controllable. The paper loading production lines have been put into operation successively, with a total capacity of nearly 900000 tons. In 2017, sun paper set up two more packaging paper production lines in Zoucheng base, with a total capacity of 900000 tons. When the two paper machines are all put into production, the total packaging paper production capacity of sun paper will reach 1.8 million tons, becoming the largest packaging paper manufacturer in Shandong Province

in addition to sun paper, Shanying paper also continued to acquire and expand. During 2017 and 2018, the latter successively acquired Nordic paper, Liansheng paper, WPT and its subsidiaries, Phoenix Paper and other enterprises

not only that, sun paper, Shanying paper, Liwen paper and other enterprises also have several capital increase and expansion projects in progress this year. For example, in September this year, Liwen paper signed the agreement on the whole industry chain project of Guangxi (Chongzuo) with an annual output of 1million tons of pulp and paper (household paper) and e-commerce smart logistics with the Chongzuo Municipal People's government. Liwen paper plans to invest about 11billion yuan in the construction of 1million tons of pulp production line, 1million tons of household paper production line and the whole industry chain project of e-commerce smart logistics

the above Huatai Paper executives told that, in fact, the supply and demand of the industry had already been balanced. There are many paper-making enterprises in China, and there is still much room for elimination; Now the leading paper enterprises are expanding, and some small and medium-sized enterprises will be further eliminated

"the capacity expansion of paper enterprises may be one of the enterprise development strategies, which cannot represent the whole industry." Jiang Kaiyu said that at present, the concentration of enterprises in China's paper industry is low, and the expansion of production capacity of leading enterprises will squeeze small and medium-sized enterprises to a certain extent, thereby enhancing the concentration of the paper industry. In the process of market reshuffle, some enterprises with backward production capacity and environmental protection standards are eliminated, which is in line with the development trend of the industry

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