On the evening of February 27, Shandong Sun Paper Co.Ltd(002078) disclosed the announcement that the company signed the strategic cooperation framework agreement with Nanning Municipal People's Government of Guangxi Zhuang Autonomous Region on February 26, agreeing that Shandong Sun Paper Co.Ltd(002078) will invest in the construction of "5.25 million ton annual forest pulp paper integration and supporting industrial park project" (hereinafter referred to as "Nanning project").
According to the announcement, Nanning project mainly produces high-grade packaging paper, plastic substitute paper, coated paper, double offset paper, special paper-based new materials, pulp and other products, as well as upstream and downstream packaging, printing, paper deep processing, intelligent storage, wharf, logistics and other supporting projects. The project is planned to be located in Nanning Liujing Industrial Park, with a land area of about 3000 mu. The total investment of the project is about 20 billion yuan.
The company said that if the Nanning project can be successfully implemented, the "Forest Pulp paper integration" project of Shandong Sun Paper Co.Ltd(002078) Guangxi base will develop in depth, which is conducive to the overall and coordinated development of Guangxi Base in terms of product structure optimization, logistics system improvement and sales channel construction. In addition, it will further integrate and complement the "three bases" of Shandong Sun Paper Co.Ltd(002078) in Shandong, Guangxi and Laos to form synergy, which will help the company build a complete raw material supply system and realize enterprise transformation and upgrading, continuously improve the company's core competitiveness and sustainable development ability, and open a broader growth space for the company.
It is understood that Nanning project will be implemented by Nanning Shandong Sun Paper Co.Ltd(002078) as a wholly-owned subsidiary invested and established by Shandong Sun Paper Co.Ltd(002078) in Nanning. According to the company's announcement on the evening of February 25, Nanning Shandong Sun Paper Co.Ltd(002078) plans to acquire 100% equity of Guangxi Liujing Chengquan Investment Co., Ltd. (hereinafter referred to as "Liujing Chengquan") held by Guangxi hongruitai pulp Co., Ltd. for 1.5 billion. After the acquisition, Liujing Chengquan will become a wholly-owned subsidiary of the company.
The company said that the smooth implementation of the acquisition will accelerate the landing progress of the Nanning project of Shandong Sun Paper Co.Ltd(002078) Guangxi base, which is conducive to the steady progress of the Nanning project of Guangxi base and the more reasonable layout of the company's production facilities in Guangxi base.
According to the analysis of Kaiyuan securities, Shandong Sun Paper Co.Ltd(002078) Guangxi project has been put into operation and the forest land in Laos has been continuously constructed, which will continue to improve the integration of Forest Pulp and paper of the company. In the future, the cost will continue to be controlled, a variety of power generation modes will coexist, and the flexible conversion between production lines can be realized according to the cycle.
According to the performance express of 2021 disclosed on the evening of Shandong Sun Paper Co.Ltd(002078) february 25, during the reporting period, the company achieved a total operating revenue of 31.874 billion yuan, a year-on-year increase of 47.64%, and a net profit attributable to shareholders of listed companies of 2.94 billion yuan, a year-on-year increase of 50.56%. In addition, during the reporting period, the company's operating profit, total profit, basic earnings per share and other indicators increased by more than 30% year-on-year.
For the steady and high growth of performance, the company said that this was due to the release of new production capacity and the increase of production and sales of related paper products and wood pulp during the reporting period; Meanwhile, during the reporting period, the company continued to make efforts in product structure adjustment and raw material structure adjustment, continued R & D and innovation, and effectively improved the company's production cost control ability.
