Altech Advanced Materials AG
Youbisheng Green Paper remains on growth path
Youbisheng Green Paper AG / Key word(s): Half Year Results Youbisheng Green Paper remains on growth path Munich, 30 August 2012. With a Year on Year increase in revenues of 9.5 % to EUR 48.5 million and a 12.8 % growth in net profit to EUR 8.8 million for the first half of the financial year 2012, Youbisheng Green Paper AG remained on its growth path. The Chinese manufacturer of environmentally friendly linerboard for the consumer goods industry achieved this positive development mainly due to achieving higher average sales prices for its main product Testliner and the launch of a new type of product in 2012: the anti-counterfeit testliner. Youbisheng was able to achieve a disproportionately high growth in its profits during the first half of 2012, thus further improving its margins. The now published half year report for 2012 records a gross profit increase compared to the first half of 2011 of 15.3 % to EUR 12.8 million and an elevation of profits from operations (EBIT) by 12.5 % to EUR 11.7 million. Accordingly, the gross profit margin was up 1.4 pp to 26.4 % and the EBIT margin improved by 0.6 pp to 24.1 %. In line with the increase in net profit from EUR 7.8 million to EUR 8.8 million, the net profit margin was up by 0.5 pp to 18.1 %. 'We have achieved sustainable results for the second quarter of the year 2012, thus confirming our ability to grow even while the Chinese economy is slowing down. Especially the positive development of our new high margin product, the anti-counterfeit testliner, makes us confident to even further improve our profitability in the future', states Haiming Huang, CEO of Youbisheng Green Paper AG. While the two main products of Youbisheng in terms of sales volume, single-sided testliner and double-sided testliner, show average gross profit margins of 27.4 % respectively 31.6 %, the newly launched anti-counterfeit testliner delivers a gross profit margin of currently 34.7 %. Outlook Consumer spending is still strong in China and as long as the consumer sector is growing, the paper industries will be in line with the consumption growth. Youbisheng thus confirms its guidance for the full year 2012, which targets more than EUR 105 million in revenues with an EBIT margin of at least 20 %. 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. 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:
Kirchhoff Consult AG
Youbisheng Green Paper AG 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 30.08.2012 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 |
183571 30.08.2012 |