Shandong Sun Paper Co.Ltd(002078) : net profit in 2021 increased by 51.39% year on year

Shandong Sun Paper Co.Ltd(002078) 4 on the evening of April 15, the annual report of 2021 was released. The company achieved an operating revenue of 31.997 billion yuan, and the net profit attributable to shareholders of listed companies was 2.957 billion yuan, with a year-on-year increase of 48.21% and 51.39% respectively. The company plans to distribute a cash dividend of 2.00 yuan to all shareholders for every 10 shares.

During the reporting period, the company timely adjusted its business strategy according to the changes of the market, steadily promoted the construction of new projects, continued to strengthen the adjustment of product structure and raw material structure, continued to carry out R & D and innovation, continued to implement the marketing strategy of product differentiation competition, and better completed the annual business task of the enterprise.

The company's total capacity of paper and pulp reached 10 million tons, and the strategic pattern of "three bases" in Shandong, Guangxi and Laos was basically formed. During the reporting period, with the successful trial production of the paper and pulp project in Beihai Park of Guangxi base, the strategic pattern of Shandong Sun Paper Co.Ltd(002078) "three bases" was basically formed, and the comprehensive strength of the company reached a new level; In 2021, many new projects of the company were successfully completed and put into operation, which made Shandong Sun Paper Co.Ltd(002078) the product coverage wider, the market influence greater, the comprehensive competitiveness stronger, and the toughness of the industrial chain effectively improved.

In the face of the complex and changeable market situation, under the strong leadership of the management, the production and marketing teams of the company adjusted their business strategies in accordance with the market, continued to improve the new production and marketing partner model, and closely combined the production, sales, R & D, technology and other departments to continuously improve the industry popularity, reputation and market share of the company in cultural paper, packaging paper, dissolved pulp and other products. During the reporting period, the company met the different needs of customers, continued to make differentiated products better, stronger and solid, actively explored and developed high value-added special paper products, developed and mass produced high gram weight double-sided cow card, white anti sticking base paper, yellow anti sticking base paper, photo base paper and other products, which were recognized by customers.

In the next step, the company will actively promote the technical transformation project. In 2022, the company will implement two technical transformation projects: the relocation and upgrading project of Xinglong branch and the relocation and upgrading project of 50000 tons of special paper per year, and the subsidiary taiyanghonghe ultra-high strength special paper project with an annual output of 34000 tons. The company will complete the implementation in this year according to the project plan.

On March 1, 2022, the subsidiary Nanning Shandong Sun Paper Co.Ltd(002078) Co., Ltd. completed the handover of the acquisition of the assets of Guangxi Liujing Chengquan Investment Co., Ltd., marking the official launch of the "Forest Pulp paper integration" project in Nanning, Guangxi base of the company. The company will fully transform the location advantages of the base into competitive advantages, fully realize the production and efficiency increase of Beihai Park of Guangxi base, help the development of the company's southern market, boost the industry influence and enhance the core competitiveness of the enterprise.

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