DGAP-News: Youbisheng Green Paper AG: Record results in 2011
(firmenpresse) - DGAP-News: Youbisheng Green Paper AG / Key word(s): Final Results
Youbisheng Green Paper AG: Record results in 2011
02.05.2012 / 12:03
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Munich, 30 April 2012. Youbisheng Green Paper AG, the German holding
company of a Chinese manufacturer of environmentally friendly linerboard
for the growing Chinese consumer goods industry, has reached record results
in 2011. Revenues increased by 22% to EUR 92.2 million, EBIT was up by
17.3% to EUR 20.8 million.
'I am very proud that our company achieved such a good financial result
after its IPO at the Frankfurt Stock Exchange. Our double-sided testliner,
which is made from up 100% recycled paper, the shift to unique high-value
products and our innovations continue to drive our growth,' states Haiming
Huang, CEO of Youbisheng Green Paper. The demand for testliner of
Youbisheng PRC is growing rapidly due to the high quality and innovative
characteristics of its products. Sales volume increased from 189,732 tons
to 221,741 tons, an increase of 14.4%. The average selling price increased
by 4.8% from EUR 397 per ton to EUR 416 per ton.
In 2011, Youbisheng maintained a strong balance sheet with group equity of
EUR 47.4 million and an equity ratio of 65%. The cash position amounted to
EUR 30.9 million as of 31 December 2011.
Due to production levels at full capacity, the company is growing by
outsourcing the production of the less innovative products (single-sided
testliner) and using the own capacity for the production of the company's
unique higher margin products (e.g. double-sided testliner and
anti-counterfeit testliner). The outsourcing is executed by renting nearby
facilities and controlling the proprietary production process by Youbisheng
staff. While outsourcing increases revenues and profit considerably, the
profit margins decrease slightly as a result of the lower efficiency of the
rented production facilities.
Further outsourcing as well as Youbisheng's innovative high margin products
- the double-sided testliner, the new heavy testliner and the new
anti-counterfeit testliner - will contribute to the growth in 2012. For
full year 2012, management expects revenues to reach over EUR 105 million
and EBIT margin to be at least 20.0%.
To set the basis for growth over the next years, Youbisheng plans to expand
the current production facility with an estimated investment of EUR 60 to
EUR 70 million. This investment will triple production capacity.
Construction of the facility is to begin by the beginning of 2013.
The current business year has started well for the Youbisheng Group,
winning three new customers in Quanzhou and receiving an purchase order of
300 tons for anti-counterfeit testliner.
The Annual Report 2011 of Youbisheng Green Paper AG has been published on
30 April 2012 and is available on the company's website
www.youbisheng-greenpaper.de.
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.
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 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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02.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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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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