The hottest half year revenue of nearly 1billion a

2022-09-19
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The half year revenue is nearly 1billion. How much is the gross profit of air conditioners, small household appliances, food seasoning cartons

release date: Source: China print carton color box

on September 7, Zhengye International released the 2020 interim report. For the six months ended June 30, 2020, Zhengye International's revenue was about 982522,00 (the same period in 2019: 1188875000), a decrease of about 206353000 or 17.36%

among them, the sales revenue of the packaging sector decreased by 83456000 yuan year-on-year, and the sales revenue of the paper sector decreased by 122897000 compared with last year, mainly due to the impact of the epidemic and the economic downturn. The orders of the group during the packaging business period decreased by 15.61%, and the sales unit price of the paper sector during the period decreased by more than 11%. In the first half of 2020, the group's gross profit margin was 14.26% (about 20.86% in the same period in 2019), a decrease of 6.60% over the same period last year

Zhengye International's revenue in the first half of the year was about 983 million, a year-on-year decrease of 17.36%

Zhengye international mainly provides supporting paper packaging products for domestic and foreign well-known manufacturers of household air conditioners, food seasonings, small household electronic products, etc., and also provides comprehensive services including design, printing, logistics and other customer services, providing customers with integrated packaging solutions. Moreover, in order to enhance the competitiveness of the group's paper packaging products, Zhengye international also extended to the back-end industrial chain, using recycled waste paper as raw materials to produce corrugated core paper, providing the group's paper packaging products for use and external sales

Zhengye International's products mainly include paper packaging products (watermark cartons, color printing cartons, honeycomb paper products) and corrugated core paper

the company's paper packaging business has been deeply cultivated for many years in air conditioning packaging and condiments. Next year, the life science department will increase our market promotion efforts by participating in industry exhibitions, launching networking seminars, and holding various offline customer activities if it is not cleaned in time. Packaging and small household electronic product packaging and other segments have won the trust of many well-known brands at home and abroad, It has a group of customers who have established stable relationships for more than ten years

the low gram weight and high strength corrugated core paper products produced by the company have won customers' favor with stable quality and leading service in the market segment

Zhengye international now has 6 wholly-owned subsidiaries and 1 holding subsidiary in different regions of China to carry out business and provide high-quality services to customers

for the six months ended June 30, 2020, Zhengye international recorded an operating income of 982522000 yuan, a decrease of 17.36% over the same period last year; During the period, the profit attributable to shareholders was about 8743000 yuan, a sharp decrease of 82.98% over the same period last year

in the first half of this year, Zhengye International's paper packaging business suffered from the impact of the epidemic and the macro environment. Downstream customer orders decreased by about 15.61% and order prices fell by about 3.20%. The group's paper packaging business achieved an operating revenue of 352301000 yuan during the period, a decrease of 19.15% over the same period last year

among them, watermark cartons, color printing cartons and honeycomb paper products achieved operating revenues of 228137000, 73603000 and 50561000 respectively (274456000, 67523000 and 93778000 respectively in the first half of 2019). The revenue of color printing cartons is more

the group's paper packaging business seized the opportunity after the peak of the domestic epidemic, took the lead in resuming production with the downstream consumer goods, food and beverage industries, and actively implemented various cost control measures during the period. During the period, the purchase cost of base paper decreased by 8.11% compared with the same period last year, and the gross profit margin during the period was 19%, basically maintained at the industry level

with the gradual recovery of the economy in the second half of the year and the group's efforts to develop new customers in the food and beverage consumer industry during the period, it is expected that the sales revenue of the paper packaging business will rebound steadily and make a greater contribution to the group's profits

the revenue of corrugated core paper business in the first half of the year was about 630 million, a year-on-year decrease of 16.32%. The cost of fuel per ton of paper increased due to the conversion of coal to gas

in the first half of 2020, affected by the COVID-19 and the continuous downturn of the world and domestic economy, the demand of the downstream paper packaging industry fell, the contradiction between supply and demand in the paper industry appeared, the product price fell, and the profit fell. Under the background of the national "blue sky defense war", the Guangdong provincial government has issued a relatively strict "coal to gas" policy for cities in the Pearl River Delta. In response to this policy, cities in the Pearl River Delta, including Foshan, Zhuhai, Jiangmen, Guangzhou, Zhongshan, Dongguan, have successively issued relevant policies and regulations, requiring relevant enterprises to implement coal to gas

according to the above policies, Zhengye international took the lead in completing the coal to gas project in two paper plants in Zhongshan during the period. This change led to a certain increase in the fuel cost per ton of paper production compared with the same period last year. At the same time, in order to cope with the impact of the above-mentioned increase in fuel costs on product profitability, Zhengye international shut down and upgraded the main production facilities of the two paper enterprises during the period, increasing the loss of shutdown 7 and polyimide PI machines during the period

the group's paper business recorded an operating income of RMB in the first half of 2020. This is the latest product 630221000 of Huangyan Lisong Machinery Co., Ltd., a decrease of 16.32% over the same period last year, mainly due to the decrease of about 11% in the sales unit price during the period. During the period, the gross profit margin of papermaking business also fell to 11.61%

in the second half of the year, it is expected that after the reconstruction of the two papermaking plants in Zhongshan is completed, the two papermaking enterprises can operate normally and continue to create stable profits for Zhengye international

the Jiangxi paper base, which was acquired by Zhengye international during the period, also achieved profits during the period, adding impetus to the continuous growth of the group's paper business

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