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China Sunshine Paper Holdings Co. Ltd., 02002.HK - Company Profile
Chairman	Wang Dong Xing
Share Issued (share)	819,000,000
Par Currency	Hong Kong Dollar
Par Value	0.1
Industry	Papermaking
Corporate Profile	Business Summary: The principal activities of the group are production/generation and sale of paper products, electricity and stream. Performance for the year: The Group’s total revenue for FY2019 was approximately RMB6,311.2 million, representing a decrease of approximately RMB274.5 million or 4.2% as compared to that of approximately RMB6,585.7 million for FY2018. the Group recorded a profit for the year attributable to the owners of the Group’s。 Company of approximately RMB350.0 million for FY2019, representing an increase of approximately RMB17.0 million from approximately RMB333.0 million for FY2018. Business Review： Against complicated and changing business conditions during 2019, the paper manufacturing industry continued to witness a structural and periodic overcapacity of the market supply and demand, with the selling prices of the Group’s。 products remaining at a low level. In the meantime, driven by the ongoing US-Sino trade friction, increasingly tightened environmental policies, frequent fluctuation in the RMB exchange rate, and various other factors, the overseas supply of raw materials became limited, and the pricing of raw materials in the domestic market faced movement. As a result, production costs at companies faced tremendous pressure. Amid the increasingly fierce market competition, the Group closely focused on the “lean and innovative” management philosophy. To be specific, the Group consolidated its lean management foundation, continued to optimize its product supply structure, and explored the marketing shares. In addition, the Group further tapped into the performancepotential of the Group’s。 equipment by innovating and adjustment production processes, as the Groupll as continuing to identify new income sthe Group’s。ces and minimize costs. During the year, the Group’s sales volume of its major products was a record high and amounted to approximately 1.31 million tonnes, representing an increase of approximately 4.0% as compared to approximately 1.26 million tonnes last year. The Group generated sales revenue of approximately RMB6,311.2 million, which declined by approximately 4.2% as compared to approximately RMB6,585.7 million last year due to a decline in the selling price of the Group’s。 products. The Group always insisted on the development strategy of differentiation by focusing on producing high-quality and multipurposed packaging paper, including white top linerboard, coated-white top linerboard and core board to meet the various needs from different industries. The Group conducted self-managed research and development of white top linerboard and coated-white top linerboard, which possess a variety of intellectual property rights and contribute to the primary productive energy of the Group. During the year, the sales of these two main products amounted to 1,040,000 tonnes, which still was the major sthe Group’s。ce of the Group’s income. Prospects: Looking into 2020, the economic conditions across the globe continues to face various uncertainties, particularly when the current coronavirus disease (COVID-19) outbreak significantly the Groupighs on the economic development. The paper manufacturing industry will continue to face challenges and opportunities in the new year. Being confident in the national outbreak prevention and control, hothe Groupver, the Group believe that business activities will soon be restored under the strong national support and various preferential policies. After the Spring Festival, due to the intensified prevention and control across the country, cargo transportation faced some challenges for a period of time. Despite some impacts on the supply of raw materials due to the “home isolation” initiative adopted across the country, the Company faced limited impacts due to its early reserve of raw materials. As at the date of the report, all of the above impacts have been eliminated. In addition, as the majority of the Group’s。 employees are from local areas and only partial production activities the Groupre suspended during the Spring Festival, full resumption of production activities is not an issue. Hothe Groupver, due to the epidemic impacts on the domestic and foreign economic conditions, the market demand will face challenges. The Group will continue to consolidate the management foundation, convert the growth momentum, and optimize the Group’s。 product mix. To enhance efficiency and management standard as the Group’s。 major task, the Group will keep pace with the advanced enterprises at home and abroad, identify and resolve management the Groupak links, and persist in optimization. Furthermore, the Group will turn the pressure into the Group’s。 drive to move forward. By constantly maintaining the steady operation in the spirit of “stabilizing the Group’s。 business with improvement”, the Group will evolve into a sizeable papermaking pothe Grouprhouse.

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