The hottest food packaging paper giant was success

The end users of food packaging paper giants successfully listed include uni president and Master Kong. Release date: Source: China good packaging. On November 10, Quzhou Wuzhou Special Paper Co., Ltd. was officially listed on the Shanghai Stock Exchange, taking a solid step to set sail in the capital market. It is understood that the enterprise has six production lines with an annual production capacity of nearly 550000 tons. The end users of its food packaging paper products are Master Kang, uni president and other large food and beverage companies

the annual output value is basically stable at about 2billion

as a large-scale special paper production enterprise in China, Quzhou Wuzhou Special Paper Co., Ltd. has built six base paper production lines, forming an annual production capacity of nearly 550000 tons of base paper. Its products are divided into three series: food packaging paper, gracine paper and tracing paper, which are mainly used in food, beverage, label and other fields

at present, the annual output value of Quzhou Wuzhou Special Paper Co., Ltd. is basically stable at about 2billion. Specifically, in 2017, 2018, 2019 and 2020, the company's revenue was 1.861 billion, 2.149 billion, 2.376 billion and 1.154 billion respectively

it is worth mentioning that after entering 2020, the profitability of Quzhou Wuzhou Special Paper Co., Ltd. has increased significantly. In 2017, 2018 and 2019, the net profit attributable to the parent company was 172 million, 165 million and 199 million respectively. But in this month, only half a year, the net profit attributable to the parent company reached 167million

there are two main reasons. First, the gross profit margin of main products has increased compared with the same period of last year; Second, in the first half of 2019, the grasin paper production line of Jiangxi Wuxing Paper Co., Ltd., a subsidiary, was put into production and sales, resulting in a certain loss that year. After entering 2020, the company has achieved profits, forming a new profit growth point for Quzhou Wuzhou Special Paper Co., Ltd

the revenue of food packaging paper accounts for more than 50%

in terms of product structure, the main customers of the company's food packaging paper are dingzheng packaging materials, Tongyi packaging, Anbao group, etc., and the end users are Master Kang, Tongyi and other large-scale food and beverage companies; Glasin paper's main customers are well-known label paper manufacturers at home and abroad, such as Allie Dennison and Guanhao high tech; The main customers of tracing drawings are domestic well-known enterprises such as Wuxi sunray

among them, the revenue of food packaging paper business accounts for a relatively high proportion. In 2019, the revenue of this product was 1.58 billion, accounting for 66.64% of the total revenue; In 2020, the revenue of this product was 657million, accounting for 58.40% of the total revenue

different from the corrugated paper and box board paper commonly used in the carton packaging industry, the food packaging paper produced by Quzhou Wuzhou Special Paper Co., Ltd. can be divided into different types such as paper cup paper, face bowl paper, lunch box paper, etc. according to the paper specifications required by the end products. It is mainly used in the packaging of leisure food, FMCG, catering, etc., which has the characteristics of water, oil, high strength and high loose thickness. The company is an emerging plastic enterprise

from the perspective of downstream demand, with the implementation of the national plastic limit policy, the demand for food packaging paper is growing steadily. At the same time, the demand for instant noodles has continued to rise since 2016. In 2018, the global demand for instant noodles reached 103.620 billion copies. As an important supplier of Master Kang and unified instant noodles bowl, Quzhou Wuzhou Special Paper Co., Ltd. also benefited from this

continue to expand the production capacity of food packaging paper

Quzhou Wuzhou Special Paper Co., Ltd. continues to be optimistic about the food packaging paper industry. The company plans to raise 478million yuan for the construction of a food packaging paper production base with an annual output of 200000 yuan and the construction of a research and development center. Among them, the former plans to use 340million fund-raising

according to the prospectus, the total investment of the construction project of the production base with an annual output of 200000 food packaging paper is 445million, which is a sub project of Jiangxi Wuxing paper industry's "project with an annual output of 1.1 million tons of machine-made paper and supporting construction of a production line with an annual output of 600000 tons of waste paper deinking recycled pulp". The construction content includes production plant room, auxiliary room, software and hardware, etc

for the construction of the project, Quzhou Wuzhou Special Paper Co., Ltd. said that at present, in addition to the traditional bowl instruments and meters with a beautiful, exquisite, simple operation and convenient protection of the human-machine interface, paper cup market, the market demand for hot drink packaging such as takeaway lunch boxes, snack foods and milk tea is also increasing rapidly, and at the same time, some of the original plastic packaging will also be transformed into more environmentally friendly paper packaging, The food packaging paper industry is in an important period of rapid development

the contradiction of insufficient production capacity of Quzhou Wuzhou Special Paper Co., Ltd. has emerged, which restricts its further development. Therefore, the implementation of the production base construction project with an annual output of 200000 food packaging paper will not only help strengthen the competitiveness in the food packaging paper market, but also improve the capacity scale, solve the existing capacity bottleneck problem, and meet the growing market demand