DGAP-News: Youbisheng Green Paper remains on growth path
(firmenpresse) - DGAP-News: Youbisheng Green Paper AG / Key word(s): Half Year Results
Youbisheng Green Paper remains on growth path
30.08.2012 / 15:14
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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
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
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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.
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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
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183571 30.08.2012
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Datum: 30.08.2012 - 15:14 Uhr
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