6 Companies Announced Major Changes In &Nbsp; Paper Co Reorganized One After Another.

With *ST Shi Xian Claims People apply for bankruptcy reorganization, the paper industry has been 6 this year. list The company announced major changes, accounting for 1/4 of the 23 listed companies in the industry.

Yesterday (May 11th), *ST Shi Xian announced that the company was applied for bankruptcy reorganization by creditors. If the reorganization fails, it will be liquidated. On the same day, *ST Shi Xian pan repeatedly hit the limit, eventually closing at 0.82%.

Since April this year, a number of Listed Companies in the paper industry have announced major changes. Among them, *ST Jincheng suspended the listing for three consecutive years of loss, and ST Yi paper started to restructure and then terminated. Fujian nanpaper controlling shareholder was prepared to invest in its shares and introduce strategic investors to joint venture to build new projects. Shares The actual controller is planning major issues related to the company; Meili Paper is planning a major asset reorganization.

If it goes back to one or two years ago, according to incomplete statistics, the restructuring of Listed Companies in papermaking and the change of actual controllers include silver pigeon investment, Guan Hao high tech and Yueyang paper industry.

In response, a brokerage analyst who declined to be named thinks that this is determined by the low, small and scattered characteristics of the paper industry. The overcapacity of paper making and the obsolescence of management mode led to a lack of bright spots in the whole industry. Upstream raw materials, waste paper and wooden paddles were close to the mouth, and prices were vulnerable to international influence, while downstream was constrained by demand. As of 2010, the output of the paper industry was 100 million tons, and the output of the largest single paper enterprises, such as Huatai and Chenming, was only 3 million tons, and the capacity of many enterprises was only 20 thousand tons. Over the past few years, management departments have continuously improved the scale of new projects and the threshold of environmental protection. Small businesses have become more and more difficult to survive.

In terms of Paper Co net profit and earnings per share, there were *ST Jincheng and Meili Paper Companies in 2010, and 4 were currently owned by ST; 8 of them were earning less than 0.1 yuan per share, accounting for 35%; in 2009, there were 6 enterprises with a deficit; 10 households with earnings per share less than 0.1 yuan, accounting for 43%. In 2009 and 2010, earnings per share of more than 1 yuan, only one Qi Feng stock. Fujian South paper's earnings per share in 2009 and 2010 were -0.6 yuan and 0.015 yuan respectively.

The listed companies of paper industry are gradually differentiated, and the industrial integration is strengthening day by day, and the modes are divided into several kinds: shell or shell, and the investment of silver pigeon is typical of Henan coalification, or integration within the industry, such as Guan Hao high tech and Yueyang paper industry. In December 2009, the real controller of Guan Hao changed to China Cheng Tong Group. Prior to this, China Cheng Tong Group has become the actual controller of Yuehua Bao B and Yueyang paper industry. Wang Bin, vice president of China Cheng Tong Group, said that the company was thinking about the specific way of internal integration for its 3 listed paper companies. The major reorganization of Meili Paper is related to the major shareholder of China Metallurgical Paper Group Co., Ltd., because China Metallurgical Paper Group also has pulp and paper enterprises in Sichuan Laishan, Guizhou Qiandongnan, Hebei Xianghe and other places besides China Metallurgical Meili. At the same time, it also owns the shareholding of "pulp and paper integration" project of China Metallurgical Meili pulp and paper company.