DGAP-News: Youbisheng Green Paper AG: Stable growth in the first half of 2011
(firmenpresse) - DGAP-News: Youbisheng Green Paper AG / Key word(s): Half Year Results
Youbisheng Green Paper AG: Stable growth in the first half of 2011
31.08.2011 / 09:15
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Munich, 31 August 2011. Youbisheng Green Paper AG, the German holding
company of a Chinese manufacturer of environmentally friendly linerboard
for the growing Chinese consumer goods industry, achieved stable growth in
the first half of 2011. Revenues increased as expected by 13.2% from EUR
39.1 million in the first half of 2010 to EUR 44.3 million in 2011. This
was partly due to the increase in sales volume as well as price increases.
Gross profit grew by 12% to EUR 11.1 million and EBIT increased by 6% to
EUR 10.4 million.
Youbisheng's double-sided testliner made of 100% recycled paper continues
to dominate the growth of Youbisheng's revenues. In the first half of 2011,
the group achieved sales of EUR 8.6 million in this product segment,
representing a growth rate of 50%. This increase in sales is mainly due to
the characteristics of the double-sided testliner that is similar to the
comparable imported kraftliner, which is made of virgin pulp and sold at
significantly higher prices.
The revenues of single-sided testliner (own production and subcontracted)
increased by 7% from EUR 33.4 million in H1 2010 to EUR 35.7 million in H1
2011. Due to capacity constraints, Youbisheng is partially subcontracting
the single-sided testliner product. The production volume from
subcontractors increased to 34,188 tons in H1 2011, which represents an
increase of 26%. The own production lines are used to produce more of the
higher-margin double-sided testliner. The company's production is currently
running at full capacity with production utilization rate at 98.0%.
Youbisheng Group expects to achieve its targeted revenue and earnings for
the full year 2011 amounting to revenues of approx. EUR 78 million and an
EBIT margin above the 23.5% in H1 2011. 'Our double-sided testliner is
exceeding our sales expectation and we are in the process of opening new
markets for this product in Henan and Beijing in the second half of 2011.
The high gross margin of the double-sided testliner will contribute to our
future profitability', states Haiming Huang, CEO of Youbisheng Green Paper
AG.
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 2010 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. In fiscal
year 2010, Youbisheng and its approximately 300 employees generated sales
of about EUR 75.3 million with an EBIT margin of about 23.4% and a net
income of about EUR 15.5 million.
For further information:
Kirchhoff Consult AG
Jens Hecht
Phone: +49 (0)40 60 91 86 0
jens.hecht(at)kirchhoff.de
Youbisheng Green Paper AG
Gustav-Heinemann-Ring 44
81739 München
contact(at)youbisheng-greenpaper.de
Disclaimer
This publication is not an offer of any securities for sale or a
solicitation of an offer to purchase any securities. Subject to approval by
the German Financial Service Supervisory Authority (Bundesanstalt für
Finanzdienstleistungsaufsicht), a prospectus was published, which is
available free of charge from Youbisheng Green Paper AG
(www.youbisheng-greenpaper.de) and the lead managers. The shares will be
offered exclusively on the basis of this securities prospectus which has
been approved by the German Financial Service Supervisory Authority.
This document is not an offer of securities for sale or a solicitation of
an offer to purchase securities in the United States. The shares of
Youbisheng Green Paper AG (the 'Shares') have not been registered under the
U.S. Securities Act of 1933, as amended (the 'Securities Act') and may not
be offered or sold in the United States unless registered under the
Securities Act or pursuant to an exemption from such registration. There
will be no public offering of the Shares in the United States and the
Shares will not be registered under the Securities Act.
This document is only being distributed to and is only directed at (i)
persons who are outside the United Kingdom or (ii) to investment
professionals falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii)
high net worth entities, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons together being referred to as 'relevant persons'). The Shares are
only available to, and any invitation, offer or agreement to subscribe,
purchase or otherwise acquire such securities will be engaged in only with,
relevant persons. Any person who is not a relevant person should not act or
rely on this document or any of its contents.
End of Corporate News
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31.08.2011 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
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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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137624 31.08.2011
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