Altech Advanced Materials AG
Youbisheng Green Paper AG: Innovative products increased Q3 2012 revenues and results
Youbisheng Green Paper AG / Key word(s): Quarter Results 29.11.2012 / 09:31 --------------------------------------------------------------------- Youbisheng Green Paper AG: Innovative products increased Q3 2012 revenues and results Munich, 29 November 2012. Youbisheng Green Paper AG, a Chinese manufacturer of environmentally friendly linerboard for the growing Chinese consumer goods industry, remains as one of the market leaders in the industry of testliners due to sustainable third quarter results in 2012. The overall revenues increased by 8.9% in the first nine months 2012 from EUR 68.0 million to EUR 74.0 million, compared to 9M 2011. Main reason for the growth was the development of the average selling price (ASP) for testliner, which gained 7.7%. Operating profit (EBIT) increased by 14.1% to EUR 18.3 million. Due to the EBIT increase, the EBIT margin was affected positively and advanced from 23.6% up to 24.7%. Also, net profit progressed from EUR 12.1 million to EUR 13.8 million, resulting in a net profit margin of 18.6%. Sales growth was achieved in all product segments, especially the innovative products including added value enhanced the financial performance. Sales of the double-sided testliner increased by 15.4% to EUR 15.2 million while the newly introduced anti-counterfeit testliner reached sales of EUR 1.5 million (2011: EUR 0). The single-sided testliner experienced a revenue growth of 2.1% amounting in EUR 34.5 million and the sub-contracted testliner grew by 8.3% to EUR 22.8 million. As of 30 September 2012, cash and cash equivalents added up to EUR 40.7 million in comparison to EUR 30.9 million as of 31 December 2011. Youbisheng's equity increased from EUR 47.4 million as at 31 December 2011 to EUR 56.1 million as at 30 September 2012. This represents an increased equity ratio amounting to 70.4%, which is due to the profit generated from operations. Due to its stable growth performance and improving production system, Quanzhou city awarded Youbisheng for being the 'Most Competitive Entrepreneur'. 'This recognition confirms our growth strategy and approach to reduce the consumption of resources as well as preserving the environment around our facilities. We are confident to stay in line with our targets even though it has been a challenging year for Chinese entrepreneurs because the economy stagnated. Nevertheless the consumer goods segment remains strong, which supports us in our growth and enables us to expand', says Haiming Huang, CEO of Youbisheng. Guidance confirmed The growth in the packaging industry is closely related to the growth in the retail market. Especially due to the holidays towards the end of the year, Youbisheng expects an increase on the export of consumer goods, resulting in a higher demand for packaging material. Youbisheng intends to invest into a third high-end testliner production line in Huanggang City, Hubei Province. The investment is to be financed by a bond issue and the company's strong operating cash flow. The new production line will have an annual capacity of an additional 300,000 tons, twice as much as the present production capacity. The company plans to take this step forward as the market demands are exceeding the company's current production capacity. The company will continue to provide innovative and high-quality packaging solutions for the end user. At the moment Youbisheng is developing a super thin testliner product for the electronic panel - a high-margin product that will be launched next year and will strengthen Youbisheng's competitive market position in the industry. Youbisheng confirms its guidance for 2012 and is expecting to achieve over EUR 105.0 million in revenues as well as an EBIT margin of at least 20.0%. The full 9M 2012 report of Youbisheng is available on the website at www.youbisheng-greenpaper.de. About Youbisheng Green Paper AG Youbisheng Green Paper AG is the German holding company of a Chinese clean-tech leader of environmentally friendly produced linerboard from up to 100% recovered fibres. Linerboard is a type of paperboard, which is predominantly used for the production of corrugated board and boxes, paper bags as well as apparel labels and tags. 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 Dr. Kay Baden Tel.: +49 (0)40 60 91 86 0 baden@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 --------------------------------------------------------------------- 29.11.2012 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 --------------------------------------------------------------------- 195087 29.11.2012
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