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Public company info - Changgang Dunxin Enterprise Co. Ltd. , 02229.HK
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Changgang Dunxin Enterprise Co. Ltd., 02229.HK - Company Profile
Chairman -
Share Issued (share) 1,191,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Papermaking
Corporate Profile Business Summary: The Group is principally engaged in the production and sale of paperboards, corrugated medium boards and boxes and poker cards in the People’s Republic of China (the ‘‘PRC’’). Performance for the year: For the Year, revenue reached RMB850.0 million, an decrease of about 20.9% over the Previous Year, whilst gross profit of RMB169.4 million and net profit of RMB81.9 million decreased by approximately 28.5% and 44.2% respectively compared to the Previous Year. BUSINESS REVIEW: Results of Operation The Group produces and sells a broad variety of upstream packaging paperboard products (including white top linerboard, kraftlinerboard and high performance corrugated medium), as well as downstream products comprising of corrugated medium boards and boxes and poker cards. All sales were to customers in the PRC. The Group’s revenue decreased from approximately RMB1,074.2 million in the Previous Year to approximately RMB850.0 million in the Year, representing a year-to-year drop of approximately 20.9%. Its production was at near full capacity, with paperboard production lines operating at 81.5%, corrugated medium boards and boxes at 91.2% and poker cards at 96.1% of their respective designed annual production capacities. Prospects: The Group produces and sells a broad variety of upstream packaging paperboard products (including white top linerboard, kraftlinerboard and high performance corrugated medium), as well as downstream products comprising of corrugated medium boards and boxes and poker cards. The production process will produce 40,000 tons of solid waste per year, including waste plastics, pulp and organic combustible residual waste. In the past, the Group failed to effectively use of the solid waste. As a response to the national environmental policy, the Group plans to invest in the solid waste utilization project. The project is expected to generate a good return on investment and to make a significant contribution to the local environment. Coated white board is normally used for high quality commercial packaging with better printability and foldability for mid-to-high end consumer products such as cigarettes, pharmaceutical products as well as food and beverages. The Group proposes to set up new production facilities with annual production capacity of about 100,000 tonnes of five-ply coated white board products in the vacant land of its Guanshan Production Plant. Both projects started in the second half year of 2015.

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