Source: Huayin Carton
Recently, major paper companies, packaging and printing companies have announced performance announcements in succession. Most of them expect a decline in earnings in 2018. The leading paper companies are no exception. The company issued a profit warning on February 1 and expects 2018 annual profit. Fell 45%.
Nine Dragons Paper announced on February 1 that if the exchange loss (excluding tax) of operating and financing activities is excluded, the profit attributable to equity holders of the company for the six months ended December 31, 2018 is not expected to be lower than RMB 2.4 billion, down about 45% from the same period last year, or RMB 1.950 billion.
Excluding the exchange loss (net of tax) of operating and financing activities of RMB 21.2 million, the profit attributable to equity holders of the company was RMB 4.351 billion.
The main reason for the expected decline in earnings is the increase in raw material prices and the decline in the selling price of the products.
Editor in charge: Xia Jing
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