By the end of September, 2016, there were 6,677 companies in the pulping, papermaking and paper product industry, including 52 pulping companies, 2,730 papermaking companies and 3,895 paper product manufacturers.
In 2016, the production volume of paper and paperboard reached 123.192 million tons, increasing by 3.1% over 2015. According to monthly statistics, the production volume of paper and paperboard in China kept stable in 2016. In Q1, production volume in January and February was not large due to the Spring Festival effects. In Q2, it did not change much. In Q3, it declined because many papermaking factories were shut down forced by the intensified environmental protection policies. Production volume picked up in September and the trend lasted to 2017. Based on the status of the industry, this indicates that China's papermaking industry is stepping out of the gloomy picture and will get better in 2017. In 2016, operation revenue of the papermaking and paper product industry in China was CNY 1,468.74 billion, increasing by 6.5%. Total profit was CNY 84.41 billion, increasing by 16.1% YOY.
In terms of varieties of paper, the demand for newspaper and office paper will keep declining with the increasing number of Internet users and higher level of automation in the office. However, the demand for uncoated printing and writing paper, coated printing paper, household paper, packaging paper, corrugating medium and paperboard will increase.
In terms of regional production volume, Shandong produced 21,706,400 tons of paper and paperboard in 2016, surpassing Guangdong to become the largest papermaking province in China after two years. Guangdong ranked the second with the production volume of 21,275,200 tons, followed by Zhejiang with 18,897.6 tons. Before 2014, Shandong had been the No.1 producer of paper and paperboard for 19 consecutive years. In 2014, Guangdong overtook Shandong with 20.707 million tons of production.
Although China consumes the largest amount of paper and paperboard in the world, the annual consumption per capita is still low. This means China's papermaking has vast room to grow. In 2015, 29.5% of paper was made from wood and bamboo pulp, 65% from waste pulp and 5.5% from non-wood pulp. By contrast, 63% of paper produced outside of China is made from wood pulp. This also means China's papermaking has vast room to grow.
CRI selects 24 papermaking companies listed on A-share market in this report . The report provides readers with a quick guide to the profiles and financials of Chinese Papermaking companies being listed in the recent 10 years.
The report is composed of two parts: the first part is enterprise profiles and the second part is the operation status of these enterprises in the recent decade (presently 2006 to 2016, we will update it to the latest as time goes by).
The operation status is demonstrated from the following perspectives: (1) financial indexes, such as earnings per share, book value per share (BPS), sales per share, net cash flow per share, return on net worth and debt to asset ratio; (2) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (3) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (4) indexes on the balance sheet, such as liquid asset, fixed asset, current liability, non-current liability, capital reserve and shareholders' equity.
Companies in the report:
1 Shandong Chenming Paper Group Co., Ltd. (000488.SZ)
2 Shandong Sun Paper Industry Co., Ltd. (002078.SZ)
3 Anhui Shanying Paper Industry Co., Ltd. (600567.SH)
4 Henan Yinge Industrial Investment Co., Ltd. (600069.SH)
5 Mcc Meili Cloud Computing Industry Investment Co., Ltd. (000815.SZ)
6 Guangdong Guanhao High-Tech Co., Ltd. (600433.SH)
7 Fujian Qingshan Paper Industry Co., Ltd. (600103.SH)
8 C&S Paper Co., Ltd. (002511.SZ)
9 Yueyang Forest & Paper Co., Ltd. (600963.SH)
10 Zhejiang Jingxing Paper Joint Stock Co., Ltd. (002067.SZ)
11 Shandong Huatai Paper Industry Shareholding Co.,Ltd. (600308.SH)
12 Zhejiang Kan Specialities Material Co., Ltd. (002012.SZ)
13 Shandong Bohui Paper Co., Ltd. (600966.SH)
14 Guangxi Guitang (Group) Co.,Ltd. (000833.SZ)
15 Jiangmen Sugarcane Chemical Factory (Group) Co.,Ltd. (000576.SZ)
16 Xiamen Anne Co., Ltd. (002235.SZ)
17 Qifeng New Material Co.,Ltd. (002521.SZ)
18 Zhejiang Rongsheng Environmental Protection Paper Co.,Ltd. (603165.SH)
19 Shenzhen Geoway Co., Ltd. (600462.SH)
20 Yibin Paper Industry Co.,Ltd. (600793.SH)
21 Minfeng Special Paper Industry Co., Ltd. (600235.SH)
22 Mudanjiang Hengfeng Paper Co.,Ltd. (600356.SH)
23 Dongguan Golden Sun Abrasives Co., Ltd. (300306.SZ)
24 Foshan Huaxin Packaging Co.,Ltd. (200986.SZ)