The hottest Huatai shares are optimistic about the

2022-10-19
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Huatai shares are optimistic about the domestic paper market to acquire Norsk

Huatai shares' acquisition of Norsk (Hebei) paper industry is mainly optimistic about the future domestic paper market. Secondly, Norsk (Hebei) paper industry has the world's most advanced papermaking technology and equipment, which is also one of the important reasons for the company to acquire it in January (4) this year

Huatai Co., Ltd. recently announced that the company plans to invest about 925 million yuan to acquire 100% of the equity of Norsk (Hebei) Paper Co., Ltd. held by Singapore Norsk Fanya private Co., Ltd. and all its related rights and obligations

the company acquired Norsk (Hebei) paper industry, mainly because it is optimistic about the domestic paper market in the future. Contrary to the pressure of anti-dumping faced by domestic coated paper, the paper market in the United States is depressed, while the domestic paper price in China is rising month by month, so there is no worry of anti-dumping. With the inventory of 2008 gradually digested in the first quarter of 2009, and the current U.S. waste paper price fell sharply, the downward trend of the company's performance will gradually reverse. The company's main product paper has basically no new production capacity in 2008 and 2009, coupled with the adjustment and elimination of the industry's own output, there may be a certain improvement in the second half of 2009, and a higher outlook may be restored in 2010

Bloomberg data on September 15, 2009 showed that the price of paper in the United States was only 456 dollars/ton (about 3113 yuan/ton), down 39.20% from the beginning of the year; In China, it has rebounded to 5000 yuan/ton, an increase of 4.60% over the beginning of the year. In Europe, another big market, the price of paper is 517 euros/ton (about 5165 yuan/ton), which is only slightly higher than that of China by 3.30%. It is also understood that although the demand for paper fell by 0.7% year-on-year in the first half of 2009, it is expected that the demand will increase significantly in the second half of 2009. Moreover, due to the co production of cultural paper and paper, the relative profitability of cultural paper is higher than that of paper. In 2007 and 2008, the production capacity of converting paper to cultural paper exceeded 600000 tons. It is expected that Guangzhou paper will convert to 250000 tons in the fourth quarter of 2009. Therefore, the paper market in 2010 is promising

in addition, Norsk (Hebei) paper has the most advanced papermaking technology and equipment in the world, which is also one of the reasons for the acquisition of the company. The quality of its products is stable, and it is considered to be the best paper in Asia. Its products are sold all over the country, and some of them are exported

Norsk (Hebei) Paper Co., Ltd. was established in August 2003 and put into operation in July 2005, with a total construction investment of 2.4 billion yuan. Its products are color offset paper, with an annual production capacity of 330000 tons. The paper machine is manufactured by Metso of Finland, and the waste paper deinking and pulping equipment is jointly provided by Voith of Germany and Andritz of Austria. The bleaching process is completely chlorine free. The water consumption per unit product is 10m3 and the steam consumption is 1.75t, ranking the world's leading level. The sewage treatment facilities invested 96.82 million yuan can ensure the discharge of production wastewater up to the standard

the company is a leading domestic paper enterprise with a total production capacity of 1.2 million tons (more than 1.5 million tons after the acquisition of Norsk). In addition, it has a production capacity of 400000 tons of cultural paper. It will develop and expand through the capital market, implement the "going out" strategy, solve the raw material bottleneck of papermaking, and take advantage of the unique advantages of chlor alkali resources to expand and strengthen wage production through cooperation with internationally renowned large enterprises, It will gradually form an industrial pattern of paper making and chemical industry

the company's forest paper integration project includes 600000 mu of fast-growing forest, 300000 t/a pulp line and 450000 T/a coated paper projects. The total investment of the project is 5.6 billion yuan, and the high-grade coated paper project is one of its main contents. It is reported that after the completion of the coated paper industry transformation and upgrading project, the annual sales revenue can reach 3.2 billion yuan. At present, the civil construction of the project has started, and the project is expected to be completed in 2010. Recently, the United States conducted a double reverse investigation on coated paper in China, which will have a certain adverse impact on the project, such as fiber orientation, axial and tangential feed rates, cutting and then striving to obtain the friction force speed according to the elastic deformation of the spring

the company successfully issued 100million additional shares in September 2009, raising a total of 1.266 billion yuan, mainly to speed up the construction of caustic soda projects. Recently, although the downstream demand for caustic soda is still sluggish, and the project made little contribution to the company's performance in 2009, as the economic data of major developed countries such as Europe and the United States show that the future economic boom is improving, the completion of the project as soon as possible can seize the market opportunity when the future economic recovery comes

it is understood that the second phase of ion-exchange membrane caustic soda project (250000 tons) was originally planned to be put into operation in the middle of 2009, but the company has repeatedly postponed the start-up of the project due to careful consideration of the impact of the international financial crisis. The gross profit margin of the company's caustic soda business was about 40% in the first half of 2008, but fell to about 20% in the second half of 2009. Although it recovered to more than 30% in the first half of 2009, which was significantly higher than the gross profit margin of the company's papermaking, the project was mainly to support the DuPont titanium dioxide project in the United States. The financial crisis made DuPont's funds tight, and the titanium dioxide project was temporarily suspended, so the phase II project was greatly affected

Huatai Co., Ltd. achieved an operating income of 2.609 billion yuan in 2009, a year-on-year decrease of 22.63%; The net profit attributable to the owners of the parent company was 138 million yuan, a year-on-year decrease of 54.37%; The basic earnings per share is 0.251 yuan, the net assets per share is 7.01 yuan, and the return on net assets is 3.59%

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