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Reviewing its operation in 2023, Xianhe said that the growth in performance was related to factors such as the company's compliance with demand, cultivation of new markets and participation in international competition.
Recently, domestic large-scale high-performance paper-based functional materials R & D and manufacturer Xianhe Co., Ltd. (603733VideopokergamesfreedownloadSH) disclose the latest annual report, actively participate in new tracks, cultivate new markets, and speed up the pace of overseas business development.VideopokergamesfreedownloadThanks to the efforts of Xianhe, both the revenue and the net profit of the main business have increased.VideopokergamesfreedownloadAt the same time, the company continues to increase R & D investment, Guangxi guests and Hubei Shishou two 10 billion investment projects are steadily advancing, and the layout of the whole industry chain is becoming more and more perfect, laying a solid foundation for larger-scale expansion and development.
Both revenue and deduction of non-net profit increase
Xianhe Co., Ltd. is mainly engaged in the research and development, production and sale of high-performance paper-based functional materials and their pulp raw materials and chemical raw materials. The company produces a wide variety of paper-based functional materials, which are mainly divided into six series and more than 60 varieties, including food and medical packaging materials series, tobacco industry supporting series, home decoration material series (joint venture company Xiawang paper products), business exchanges and publishing printing material series. Electrical and industrial paper series, daily consumption series, etc., have obvious advantages in diversified layout.
In terms of performance, Xianhe shares achieved revenue of 85% in 2023.Videopokergamesfreedownload.53 billion yuan, an increase of 10.53% over the same period last year, realizing a net profit of 664 million yuan; deducting a net profit of 595 million yuan from the same period last year, an increase of 6.81% over the same period last year; and a gross profit margin of 11.62%, an increase over the same period last year.
In its annual report, Xianhe said in reviewing its operations in 2023 that the growth in performance was related to factors such as the company's compliance with demand, cultivation of new markets and participation in international competition.
In terms of new business, in April 2023, the Xianhe share investment project of 300000 tons of food paper jam was officially put into operation. This investment in food paper jam is a new measure for the company to improve the food paper-based packaging material industry chain. It is also the first time to enter the new Gaoke heavy special paper jam track. Based on the company's years of accumulation and understanding of customers, this product has gained a good reputation after its launch, and the profit situation has greatly improved compared with the initial stage. In addition, Xianhe Co., Ltd. also complied with the demand for biodegradable food packaging materials under the improvement of public living standards, and expanded the capacity layout of related products. In 2023, the company's production of food and medical consumer products reached 264800 tons, an increase of 63.37% over the same period last year. Sales reached 229800 tons, an increase of 49.01% over the same period last year.
In addition, with the increase in the use of high-performance capacitors, Xianhe Co., Ltd. has become an important supporting enterprise for the production of electronic component materials. The sales of paper-based materials for electrolytic capacitors reached more than 5100 tons in 2023, achieving a 12.35% increase in sales revenue compared with the same period last year. The development of the upstream and downstream industries of the Internet has led to the sales of label release paper, thermal materials and transfer series materials. The output of Xianhe's daily consumption series paper-based materials increased by 22.16%, and the sales revenue of transfer series materials increased by 28.32% in 2023 compared with the same period last year.
In terms of overseas business and research and development, Xianhe shares expanded the layout of Europe, Southeast Asia, the Middle East and other global markets in 2023, with an annual export revenue of 574 million yuan. Research and development, as the cornerstone of sustainable development, has been heavily invested by Xianhe Co., Ltd. under the trend of environmentally friendly paper-based packaging materials instead of plastic products, Xianhe Co., Ltd. is committed to the research and development of new paper-based plastic products. at the same time, in line with the market development direction in traditional industries such as tobacco packaging, actively cooperate with end customers to provide innovative cooperation solutions. In 2023, the company declared a total of 45 patents, of which 20 were invention patents, 25 were utility model patents, and 9 patent certificates were obtained. during the year, R & D expenses totaled 113 million yuan, an increase of 8.53 percent over the same period last year.
A series of layout and management measures have brought about a positive situation of prosperous production and marketing of Xianhe shares. According to the disclosure, Xianhe completed paper-based functional materials production of 1.0424 million tons in 2023, an increase of 25.98% over the same period last year; sales reached 971300 tons, an increase of 159500 tons over last year, and an increase of 19.65% over the same period last year.
Two 10 billion investment projects are expected to be put into production by the end of this year.
In order to further expand the main industry and implement the building of the whole industry chain of "integration of forest, pulp and paper", Xianhe shares launched "2.5 million tons of high-performance paper-based new materials with an annual output of 2.5 million tons in Guangxi Sanjiangkou New area". In Shishou, Hubei Province, we launched two major investment projects of "recycling economy of 2.5 million tons of high-performance paper-based new materials".
Centering on the latest progress of the project, according to the introduction of Xianhe shares in a survey conducted by investors at the end of April, the company's Guangxi and Hubei projects are progressing steadily in accordance with the construction plan, and the construction project of the first phase of the project is nearing completion. At the same time, it has made preparations for the commissioning and operation of the two projects in terms of manpower, material resources and technology. Among them, the PM1 and PM2 of the Hubei project have been put into operation in the first quarter of 2024, and the Guangxi project is also expected to be put into production in the middle of 2024. The production line of the first phase of Guangxi and Hubei projects is expected to be gradually put into production in 2024.
The two major projects are of great significance to Xianhe. After it is put into production, the production capacity of Xianhe may be doubled and expanded, and its market share may be further increased. It is reported that a common feature of the above two major projects is to make use of the advantages of local resources, seize the resource highlands, and realize the layout of the whole industry chain of "integration of forest, pulp and paper" to make up for the shortcomings of upstream pulping. "Guangxi is the largest production base of fast-growing eucalyptus in China, which is extremely suitable for the production of hardwood pulp. Hubei project is located in the Shishou Yangtze River Basin and is rich in raw materials for pulping, such as poplar and Reed resources. it is beneficial to invest in forestry production and establish resource-based circular development of whole industry chain enterprises." Xianhe said in its annual report.
The whole industrial chain, diversified layout and production measures to keep up with the market demand of Xianhe shares are also being favored by the organization. From the perspective of short-term earnings, analysts at Guosheng Securities pointed out that Xianhe shares will still be in room to raise prices in the first half of 2024, and due to the previous hoarding of pulp and the expected space for cost increases can be controlled, ton profits are expected to remain high. Zhongtai Securities analysts pointed out that in the long run, Xianhe shares diversified product layout, with the improvement of production capacity layout, pulp and paper integration, the company is expected to fully benefit from the demand expansion under the trend of paper replacement.
Analysts at Guojin Securities believe that Xianhe will welcome a big year of production capacity in 2024, with a clear growth path for multiple categories, a forward-looking integrated layout of forest-pulp and paper, and a continuous improvement in comprehensive capabilities. In the medium and long term, the company will gradually transform into a forest, grass, pulp and paper integrated enterprise, and its competitiveness and profit stability will be further enhanced.
Looking forward to long-term development, Xianhe Co., Ltd. stated that it will leverage its resource advantages to ensure the smooth commissioning of industrial parks in Guangxi and Hubei; at the same time, it will continue to pay attention to cutting-edge market demand, actively adjust production capacity layout, and rapidly expand market share; increase new product research and development efforts, and expand the company's products. Market share, continue to carry forward the spirit of "innovative development, pioneering cattle, and hard work", and continuously create new wealth for investors.
