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Xinda Securities: ND PAPER's performance in the first half of 2024 is strong, with accelerated integration of pulp and paper layout.
Cinda Securities published a research report estimating that ND PAPER (02689) will have a net income attributable to shareholders of 1.21 billion yuan, 2.11 billion yuan, and 3.54 billion yuan for the fiscal years 2025-2027. The company achieved revenues of 29.134 billion yuan in FY2024H2 (January-June 2024), which is an increase of 13.8% year-on-year, with a net income of 0.458 billion yuan (up 146.1% year-on-year). The sales volume increased by 1.6 million tons year-on-year to 9.6 million tons, and after excluding exchange gains and losses, the net profit per ton was 45 yuan (an increase of 10 yuan/ton quarter-on-quarter). Despite a slight decline in profitability in Q3 due to weak terminal demand and sluggish demand,
China International Capital Corporation Papermaking 2025 Outlook: Starting Point of Demand Recovery, End of Capacity Cycle.
Papermaking, being a cyclical commodity highly sensitive to Consumer demand, is expected to benefit from high certainty in demand by 2025, especially with the expectation of mid-single-digit year-on-year growth in the demand for packaging paper and specialty paper.
Pulp and paper stocks in A-shares are rising, with Shandong Bohui Paper Industrial hitting the limit up.
Gelonghui November 20th | shandong bohui paper industrial hit the limit up, mcc meili cloud, yueyang forest & paper, shandong huatai paper industry shareholding, shandong sun paper all rose by more than 5%. On the news front, shandong chenming paper announced that due to the downturn in the papermaking business, the company is facing a debt default of up to 2.394 billion yuan. As a result, about 71.7% of the production capacity has been forced to shut down or limit production.
Express News | Hangzhou hikvision digital technology deepens cooperation with shandong sun paper to promote digitalization in the papermaking industry.
Guosen Securities: Light industry operations under pressure in Q3, business climate bottoming out, looking forward to trade-in programs to improve domestic demand.
In the third quarter of 2024, the total revenue of listed companies in the home sector decreased by 2.7% year-on-year, net income attributable to the parent decreased by 23.5% year-on-year, the gross margin decreased by 2.5 percentage points to 31.0%, and the net margin decreased by 2.0 percentage points to 7.4%.
Hong Kong stock industry concept tracking | Paper companies have set off a new round of price increases, signaling the industry's bottoming out and rebound (with concept stocks).
Since October, many papermaking companies have carried out one or more rounds of price increases. Recently, more companies have announced price adjustment plans for their multiple facilities, leading to paper enterprises in various regions following suit. The entire papermaking industry has ignited a new wave of price hikes.
