DGAP-News: Youbisheng Green Paper AG: EBIT margin increases to 24.9 per cent
(firmenpresse) - DGAP-News: Youbisheng Green Paper AG / Key word(s): Quarter Results
Youbisheng Green Paper AG: EBIT margin increases to 24.9 per cent
28.05.2013 / 12:27
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Q1 Results 2013
Youbisheng Green Paper AG: EBIT margin increases to 24.9 per cent
Munich, 28 May 2013. Youbisheng Green Paper AG, a Chinese manufacturer of
eco-friendly linerboard for the growing Chinese consumer goods industry,
managed to achieve a 3.8 per cent increase of its operating profit (EBIT)
to 5.5 million Euros, even though revenues decreased slightly by 1.8 per
cent from 22.4 million Euros in Q1 2012 to 22.0 million Euros in Q1 2013.
Reason for the revenue decrease was the 2.8 per cent lower average selling
price of Youbisheng's testliner compared to the previous year. This is
mainly due to the decline of wood pulp and recycled paper prices, which
resulted in the cut of linerboard selling prices. On the other hand, the
lower raw material prices had a positive effect on the costs of goods sold
and gross profit grew by 5.4 per cent to 6.0 million Euros with a gross
profit margin of 27.0 per cent in Q1 2013 (Q1 2012: 25.2 per cent). The
EBIT margin showed an increase of 1.7 percentage points to 24.9 per cent.
During the first quarter 2013 the company managed to increase the sales of
its innovative products. The sale of Youbisheng's double-sided testliner
increased by 21.4 per cent from 4.2 million Euros in Q1 2012 to 5.1 million
Euros in Q1 2013. Furthermore, the average gross profit margin for
double-sided testliner grew to 32.5 per cent during the period. The sales
of anti-counterfeit testliner, which was launched in 2012, amounted to 0.6
million Euros, with the highest average gross profit margin within
Youbisheng's product portfolio of 35.1 per cent. Youbisheng's sales of own
and sub-contracted single-sided testliner decreased due to the decline in
sales volume and retrogressive average selling prices.
The company's Group equity increased from 64.0 million Euros as of 31
December 2012 to 70.8 million Euros as of 31 March 2013, representing an
equity ratio of 72.9 per cent.
Despite slowing economic growth in China, Youbisheng's next goal is to
further expand and set up a new production plant in Huanggang City.
According to a survey the company carried out, there is a growing demand
for quality linerboard suppliers from local packaging manufacturers in the
respective area. This confirms Youbisheng's plans to extend its efficiency
since the production plants are currently used to their full capacities.
Once the production starts, the company will be able to increase its
revenues significantly. In the meantime, Youbisheng will keep focussing on
its innovative product mix in order to maintain sustainable growth. In this
context the company plans to soon launch a super thin linerboard, which can
be used as an insulator in electronic circuits.
For the fiscal year 2013, management expects revenues to reach over 110.0
million Euros and an EBIT margin of at least 24.0 per cent.
The full Q1 2013 report of Youbisheng is available on the website at
http://www.youbisheng-greenpaper.de/en.html.
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 2012 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(at)kirchhoff.de
Youbisheng Green Paper AG
Gustav-Heinemann-Ring 44
81739 München
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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28.05.2013 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,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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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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