China Company Research----Chenming Paper

China Company Research----Chenming Paper

Chenming Paper Group is a leading paper manufactory in China. The main businesses are mechanism paper, cardboard and other paper products and paper raw materials. The total capacity is nearly 3.5 million tons.

In 2007, Chenming made 2.87 million tons of mechanism paper, more than 440.000 tons than last year, an increase of 18.11 per cent year-on-year; 15164742500 yuan of operating incomes, more than 3181277900 yuan than last year, an increase of 26.55 per cent year-on-year; 207448.15 yuan of operating cost, more than 2366271700 yuan than last year, an increase of 24.37 per cent year-on-year; 1284844000 yuan of operating profit, an increase of 96.33% year-on-year; 9676362000 yuan of net profit of shareholders, an increase of 171.12 per cent year-on-year;

"1. Brief of Chenming

2. Performance of 2007

3. The booming of Paper industry
3.1. The development space for China's paper industry
3.2. The slow down pace of production capacity
3.3. The falling of raw materials’price
3.4. The price of paper products will rise caused by environmental cost and rising cost of products
3.5. Appreciation of RMB will reduce the cost of raw materials
3.6. Analysis of sub-sections
3.6.1. Newsprint: the Olympic Games led to strong demand growth.
3.6.2. Cultural paper: the biggest beneficiary of energy-saving policy of emission reduction policy
3.6.3. White Cardboard paper: The strong demands from downstream production which will slow down the expansion pace.
3.6.4. Copperplate paper: It will recover in terms of the digestion of negative factors
3.6.5. Carton base Paper: a negative forecast and will star to reshuffle

4. The advantage competitive capacity of Chenming
4.1. The advantaged resources
4.2. Low level of operating cost
4.3. Low cost of transportation
4.4. Low cost of development
4.5. Diversity and specific marketing will decentralize risk
4.6. The largest manufactory in China paper industry
4.7. The highest operational efficiency in China paper industry
4.8. A leading Chinese international company


Charts
Figure: The main business of Chenming
Figure: The sales of main products
Figure: Comparison of operating income between Chenming and paper industry
Figure: Comparison of profit between Chenming and paper industry
Figure: Comparison of net profit between Chenming and paper industry
Figure: The output and sales and import and export of China paper industry
Figure: paper consumption/per capital
Figure: The growth and amount of China paper industry fixed asset investment since 1998
Figure: The production capacity and demands of global pulp market
Figure : The price of all kind of paper products between 2005 and April 2008
Figure :The economic benefit of paper industry between 2004 and 2008
Table: The products of listed paper companies
Figure: The consumption of pulp of paper industry
Figure: The output and consumption of newsprint between 2007 and 2008
Figure: The gross profit ratio of newsprint between 2005 and 2008
Figure: forecast of the output and consumption of White Cardboard in next few years
Figure : The output and consumption of copperplate paper between 2004 and 2007
Figure: The import and export of copperplate paper between 2000 and 2007
Figure: The output and consumption of Carton paper
Figure: The output and consumption of corrugated paper
Table: The cost of Chenming paper’s products
Figure: The amount of sales in different markets
Table: The History of mergers
Figure: The growth of output, capacity and sales since 2001
Figure: The composition of production capacity of Chenming
Table : the average annual growth of high grade products between 2000 and 2006
Table: The list of completed projects in recent years
Table: The statue of Chenming’ current capacity, output and kind of papers in domestic paper industry
Table: The capacity of three leading companies of newsprint
Figure: The domestic marketing share of copperplate paper
Table: The capacity of White Cardboard paper of main enterprises
Figure: Comparison of profitability between major enterprises
Figure: Comparison of solvency between major enterprises
Figure: Comparison of operating ability between major enterprises
Figure: Comparison of cash flow between major enterprises
Figure: The states of export Over the last three years
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