DGAP-News: Youbisheng Green Paper AG increasing profitability in Q1 2012
(firmenpresse) - DGAP-News: Youbisheng Green Paper AG / Key word(s): Quarter Results
Youbisheng Green Paper AG increasing profitability in Q1 2012
29.05.2012 / 08:56
---------------------------------------------------------------------
Youbisheng Green Paper AG increasing profitability in Q1 2012
Munich, 29 May 2012. Youbisheng Green Paper AG, the German holding company
of a Chinese manufacturer of environmentally friendly linerboard for the
growing Chinese consumer goods industry, continued its growth in the first
quarter of 2012. Revenues increased by 7% to EUR 22.4 million (Q1 2011: EUR
20.9 million). EBIT increased by 12% to EUR 5.2 million (Q1 2011: EUR 4.7
million).
The revenue increased significantly due to 7.6 % higher average selling
prices of the Youbisheng Testliner. This sales increase in Q1 was achieved
despite the typical production slow down during the Chinese New Year
celebration, causing the factory to run on limited capacity for 2 weeks,
with a stable quarterly production volume of around 51 thousand tons (Year
over year). Despite rising raw material prices, Youbisheng was able to
further increase the gross profit margin to now 25.2%, compared to 24.1%
for Q1 2011. Respectively, the gross profit increased by 12% from EUR 5.0
million in Q1 2011 to EUR 5.6 million in Q1 2012. Net profit increased by
13% to EUR 3.9 million (Q1 2011: EUR 3.5 million).
During the reporting period, the company launched its first
anti-counterfeit testliner and already sold 578 tons for EUR 275,400. Gross
margin of this testliner is 35.0%. 'This is a breakthrough for our
production line and we are looking forward to sell anti-counterfeit
testliner to all regions of China. We are positive that the idea and the
features will be widely accepted by the branded consumer producers in
China,' states Haiming Huang, CEO of Youbisheng Green Paper AG. The
company's R&D team is currently working on double sided anti-counterfeit
testliner which can be used for producing paper bags by packaging
companies.
In the first quarter of 2012, Youbisheng's group equity increased from EUR
47.4 million as at 31 December 2011 to EUR 49.5 million as at 31 March
2012. This represents an equity ratio of 68.5% as of 31 March 2012.
The positive company development was achieved despite slowing economic
growth in China. Youbisheng mainly relies on the Chinese domestic consumer
market, which still shows sustainable growth. The demand for Youbisheng's
testliner is expected to grow. For the full year 2012, management confirms
its outlook and expects revenues to reach over EUR 105 million and EBIT
margin to be at least 20.0%.
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 itone of the
biggest linerboard producers in Fujian and Guangdong Provinces.
For further information:
Kirchhoff Consult AG
Verena Rauch
Phone: +49 (0)40 60 91 86 0
verena.rauch(at)kirchhoff.de
Youbisheng Green Paper AG
Gustav-Heinemann-Ring 44
81739 Munich
Germany
contact(at)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
---------------------------------------------------------------------
29.05.2012 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(at)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
---------------------------------------------------------------------
171746 29.05.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: EquityStory
" alt="Prairie West Oil and Gas has begun strategic operational overhaul of Shackleton ProjectDatum: 29.05.2012 - 08:56 Uhr
Sprache: Deutsch
News-ID 150516
Anzahl Zeichen: 3191
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 266 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Youbisheng Green Paper AG increasing profitability in Q1 2012"
steht unter der journalistisch-redaktionellen Verantwortung von
Youbisheng Green Paper AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
