In the first half of the year, revenue was 244 million, ranking sixth in market share. This paper packaging company is going to go public in Hong Kong.
On November 21, Shundi Holdings Co., Ltd. (hereinafter referred to as “Shunyi Holdingsâ€) submitted a prospectus to the Hong Kong Stock Exchange for listing on the Main Board of Hong Kong.
It is understood that in 2017, the market share of Shunyi Holdings Co., Ltd. in China's one-stop value-added corrugated packaging solution service market is about 0.8%, ranking sixth.
Shunyi Holdings applied for Hong Kong main board listing, ranking sixth in market share
Founded in 1999, Shunyi Holdings is a one-stop value-added packaging solutions service provider specializing in the manufacture of flexo printing cartons, offset printing cartons, corrugated board, paper pallets and other supporting paper products.
At present, the production base of Shunyi Holdings is mainly located in Fujian. The main subsidiaries include Fujian Huafa Packaging, Xiamen Huayuan Paper Industry Co., Ltd. and Fuqing Huafa Packaging Co., Ltd., which have production plants in Zhangzhou, Xiamen and Fuqing, with a total area of ​​13.41. Ten thousand square meters.
According to the Shanghai Zhe report, in 2017, the market share of Shunyi Holdings in China's one-stop value-added corrugated packaging solution service market was about 0.8%, ranking sixth.
In the first half of 2018, revenue was 244 million, and the funds raised were mainly used to expand production capacity.
According to the share price disclosure, in the first half of 2015-2018, Shundi Holdings achieved revenues of 251 million, 305 million, 453 million, and 244 million respectively; gross profit was 55.888 million, 72.361 million, 112 million, and 59.716 million respectively; net profit was respectively It was 14.855 million, 23.998 million, 47.54 million, and 23.899 million.
Overall, in the past three years, the operating activities of Shunyi Holdings have maintained steady and rapid development. Of course, behind this is the industry dividend brought about by the increasing demand for packaging in China.
Driven by the continuous development of China's manufacturing, retail, logistics and export trade, the market size of China's packaging industry has expanded year by year, from approximately RMB 101 billion in 2013 to approximately RMB 1,299.5 billion in 2017, with a compound annual growth rate of approximately 5.6. %.
During this period, the related business of Shunyi Holdings has experienced rapid development. among them:
1. Flexographic printing cartons with a revenue share of about 60%. In the first half of 2015-2018, the company realized revenues of 158 million, 176 million, 267 million, and 150 million, accounting for 63%, 57.9%, and 59% of total revenue, respectively. %, 61.8%;
2, offset printing accounted for about 12% -14% of offset printing cartons, in the first half of 2015-2018, realized revenue of 33.607 million, 43.995 million, 58.686 million, 22.275 million, accounting for 13.2%, 14.4% of total revenue, respectively 12.9%, 9.1%.
3. Corrugated paperboard, which accounts for about 25% of revenue, is the fastest growing business of Shunyi Holdings. In the first half of 2015-2018, the revenues were 55.829 million, 76.922 million, 112 million, 60.773 million, respectively. It accounts for 22.3%, 25.3%, 24.7%, and 25.0% of total revenue.
According to the disclosure of the company, the proceeds raised are intended to be used for expansion of production capacity: first, the acquisition of new machinery and equipment for the plant in Zhangzhou; second, the establishment of the new Dongyuan plant; third, investment in research and development activities; and the remaining use as working capital.
Among them, the planned plant in Xindongyuan is about 63,900 square meters, and it is expected to start construction of production facilities around September 2019.
In the current economic environment is relatively bad, the acquisition of Shunyi Holdings in Hong Kong will certainly bring many conveniences for its future expansion.
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