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China Papermaking Market Report, 2H 2007
Market Report, June 2007, 240  €


Description

In 2006, investment in fixed assets of papermaking and paper products grew slowly compared to the past few years, with growth rate of 34.9% in 2004, 32.25% in 2005 and even lower to only 16.93% in 2006.
In Jan-Feb 2007 for papermaking industry, rate of return on sales was 4.8%, gross profit margin was 13.7%.


Sommaire
 
1 Overall operation of paper-making industry, 2006
1.1 Overall performance grew rapidly
1.1.1 Growth rate was accelerating
1.1.2 Overall profitability become upgraded
1.1.3 Growth of investment in fixed assets declined largely
1.1.4 Exports rose dramatically and imports got reduced
1.1.5 Influence of RMB exchange rate
1.1.6 Industrial climate turned recovered

1.2 Raw material price tended to be steady and wood pulp price may drop in the second half year
1.2.1 Wood pulp price tended to be stable and may drop in the second half year
1.2.2 Waste paper price went steady but still at high level
1.3 Most of paper products' prices rose and market came to recover
1.4 Unfavorable factors influencing the development of paper making industry
1.5 Developing trend

2 Key listed companies
2.1 Analysis of annual reports and quarterly reports of key listed companies
2.1.1 Growth
2.1.2 Profitability
2.1.3 Operating abilities
2.1.4 Debt-paying abilities
2.1.5 Expense ratio

2.2 Key companies
2.2.1 Huatai Group
2.2.2 Yinge Industrial Investment
2.2.3 Sun Paper
2.2.4 Chenming Paper
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