Altech Advanced Materials AG
Youbisheng Green Paper increases profitability in 2012
Youbisheng Green Paper AG / Key word(s): Preliminary Results 27.02.2013 / 08:19 --------------------------------------------------------------------- Youbisheng Green Paper increases profitability in 2012 Munich, 27 February 2013. Youbisheng Green Paper AG, a Chinese manufacturer of eco-friendly linerboard for the growing Chinese consumer goods industry, further improved its profitability in the financial year 2012. According to preliminary calculations, revenues increased by 6.9 per-cent to 98.6 million Euros (2011: 92.2 million Euros). Due to the lower selling price, which dropped by 2.7 per-cent, the company's targeted revenue of 105 million Euros was slightly missed. Nevertheless, since the cost of recycled paper decreased by even 8.8 per-cent compared to the previous year, the EBIT increased significantly from 20.8 million Euros to 24.1 million Euros in 2012, representing an improved EBIT margin of 24.5 per-cent (2011: 22.5 per-cent). The company's gross profit margin improved to 27.1 per-cent, while the gross profit margin in the previous year amounted to 25.0 per-cent. Youbisheng focused on the sale of the higher profit products such as double-sided testliner and anti counterfeit testliner, which enabled the company to increase its profit margin. Operating at full capacity, Youbisheng achieved a stable total sales volume of 220,338 tons in 2012 (2011: 221,741 tons). Youbisheng continues to provide innovative and high-quality packaging solutions for the end user. Net profit for the year grew by 19.2 per-cent, from 15.3 million Euros in 2011 to 18.2 million Euros in 2012. About Youbisheng Green Paper AG Youbisheng Green Paper AG is the German holding company of a Chinese clean-tech leader of eco-friendly produced linerboard from up to 100 per cent recovered fibres. The high-quality linerboard innovations of Youbisheng take up a special position in the Chinese market and are produced in the own production plant near Quanzhou City. They are used in the packaging industry in the Fujian and Guangdong Province (together about 141 million inhabitants), especially for visually attractive sales packaging and carrier bags of high-quality consumer goods. Youbisheng has been operating as a paper producer since 2000. In fiscal year 2011 and with its production plants operating at full capacity, it manufactured almost 150,000 metric tons of linerboard, making it one of the biggest linerboard producers in Fujian and Guangdong Provinces. For further Information please contact: Kirchhoff Consult AG Yasmin Yaqub Tel.: +49 (0)40 60 91 86 0 yasmin.yaqub@kirchhoff.de Youbisheng Green Paper AG Gustav-Heinemann-Ring 44 81739 München contact@youbisheng-greenpaper.de Disclaimer concerning prognoses This communication contains forward-looking statements Forward-looking statements are statements that are not historical facts instead they reflect the current views and expectations of Youbisheng Green Paper AG and the assumptions underlying them about future events. Forward-looking statements are subject to many risks and uncertainties. If any of such risks and uncertainties materialize or if the assumptions underlying any of the forward-looking statements of Youbisheng Green Paper AG are proving to be incorrect, the actual results of Youbisheng Green Paper AG may be materially different from those expressed or implied by such forward-looking statements. Youbisheng Green Paper AG does not intend or assume any obligation to update these forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made. End of Corporate News --------------------------------------------------------------------- 27.02.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Youbisheng Green Paper AG Gustav-Heinemann-Ring 44 81739 München Germany Phone: 089 - 451 63992 Fax: 089 - 451 63993 E-mail: contact@youbisheng-greenpaper.de Internet: www.youbisheng-greenpaper.de ISIN: DE000A1KRLR0 WKN: A1KRLR Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf End of News DGAP News-Service --------------------------------------------------------------------- 202416 27.02.2013
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