Hexing Packaging reduced to speed up its national strategy for financing approved layout - Packaging

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Hop Hing Package Reduce the scale of financing, the SFC approved the company's strategy to speed up distribution of the country will play a very active role. Overseas demand and raw material prices affect the performance of the company is still main source of growth.

Hexing Packaging 12 May announcement that the company no more than 5,000 non-public offering of shares was approved by China Securities Regulatory Commission. Companies in this issue price not less than 11.64 yuan, net funds raised not more than 34,260.89 million, the Hop Hing and fund-raising would be used to produce 100 million Haining? Carton New projects and an annual output of 100 million Tianjin World Kewee? Carton New Project.

Finance company to reduce the size, the SFC approved the company's strategy to speed up distribution of the country will play a very active role. Company had plans to raise private placement funding of about 580 million yuan, the Tianjin and Haining investment in new projects, and restart the Xiamen project to accelerate the pace of company's national distribution for the company to enter the Bohai Rim Region and lay the foundation for the market, improve the company market distribution, and further promote the company's "group of big customers" strategy. However, as market conditions change, the program will be 160 million yuan to add additional liquidity and fund-raising project removed and fund-raising net down to not more than 343 million yuan.

According to reports, the project registered capital of 8,000 million yuan in Tianjin, two stages to the capital during the year, annual production will be 10,000? Carton; Haining projects registered capital of 6,000 million, 2 years in phases to the capital, will be put into production annual output of 10,000 square meters of cardboard boxes. According to West, a subsidiary of fat 8,000 million square meters annual output of cardboard boxes project is expected to achieve average annual Sell 23,986.67 million in revenue and net profit projections 2,104.22 million, two projects in Tianjin and Haining put into production, annual sales income is expected to average about 600 million yuan, net profit of 5,000 million. By issuing 240 million shares after the calculation, thickness 0.208 yuan per share.

Company's main high-grade Corrugated paper Box (plate) R & D Design , Production, sales and service, in 2006 China's production capacity and scale of corrugated board industry, has entered the top ten. The main products of high quality corrugated containers (board) in the packaging market occupies an important position, light weight, better structural performance; transport costs low, and easy to implement packaging and transport of mechanization and automation; easier to reuse, consistent with Environmental protection Asked three major advantages, it is widely used in Home Appliances , Communications, electronics, food, light industry, medicine, mechanical and electrical products such as packaging, wider prospects for the industry. However, Shanying, Shengda Group, King Hing Paper and other companies developing fast in recent years, living in the regional market where dominant positions and cross-regional distribution, the formation of greater pressure on the company.

Increased supply of domestic corrugated paper, overseas demand and raw material prices affect the performance of the company is still main source of growth. As the company's products mainly for export packaging cardboard, although overseas demand since the third quarter of 2009, begun to stabilize, but the Greek and other European countries, the debt crisis, the future trend of European economic recovery remains uncertain, the first country in March 2010 times trade deficit, weak export growth shows. In addition, pulp prices, will reduce dependence on imported raw materials the company's operating profit pulp.

It is understood that, with the 2009 Nine Dragons and Lee & Man two giants together, 1.8 million tons of new capacity into production, excess capacity will be raised from shortage to oversupply to reverse. January-April 2010, the International Northern bleached softwood kraft pulp and hardwood kraft pulp average price reached 860 U.S. dollars / ton and 764 U.S. dollars / ton, up by 45.58% and 46.28% higher; and cardboard over the same period the average price nationwide rose to 3,800 / tons, up 10.95% year on year only.

2010 year 1-3 months, the company achieved operating income of 29,132.03 million, up by 97.21%; net profit attributable to parent company, the owner of 1,166.74 million, up by 14.45%; basic earnings per share of 0.06 yuan per share, net assets of 2.25 yuan, net assets yield 2.73%.

Article Source: http://depositarticles.com/

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