The hottest mainland subsidiary lost hundreds of m

Mainland subsidiaries lost hundreds of millions, and the total market value of Taiwan's three major paper mills fell by 40 billion

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core tip: in recent years, the environmental protection policy in Chinese Mainland has taken the lead, and a "waste restriction order" has forced large and small paper mills to shrink and go on a diet. Taiwan media reported that the total market value of Taiwan's three major paper mills, Zhengrong paper, yongfengyu paper and Rongcheng paper, fell by 40 billion in a year and a half

[China Packaging News] in recent years, environmental protection policies in Chinese Mainland have taken the lead, and a "waste restriction order" has forced large and small paper mills to shrink their clothes and go on a diet. Taiwan media reported that the total market value of Taiwan's three major paper mills, Zhengrong paper, yongfengyu paper and Rongcheng paper, fell by 40 billion in a year and a half

and the culprit behind this is the "abolition order". What's more, this is just a prelude, and new tests are preparing to hit one after another

a large number of paper mills have suffered a huge impact due to the rise in raw material costs and the decline in demand.

what kind of policy can make Nine Dragons Paper, the largest box base paper mill in Asia, plummet its profits by 47% in 2018? Let the total market value of Taiwan's three major paper mills, Zhenglong, yongfengyu and Rongcheng, evaporate 43.7 billion yuan in one and a half years

the reasons are the same, and the answer is the abolition order! Since last year, China has adopted a total amount control over the import of overseas waste paper. It is expected that the import of overseas waste paper will be completely banned from the end of 2020. It is conceivable that this waste restriction order will have a huge impact on all paper mills in the mainland

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not only that, the mainland paper industry also faces more thorny problems. In the past, the momentum of domestic demand for packaging depended on the two pillars of e-commerce and product export. Now, the industry is forced to move outward by the land us trade war, and the packaging demand is also moving outward. The paper packaging industry has also entered the Red Sea competition situation, and the demand increases by 13% every year

Jane's dusty ouyangming, the Board Secretary of Ganfeng lithium, said that on the one hand, the paper industry that has set up factories in the mainland is facing the double attack of the successful development of 400 HP tractors, the rising cost of raw materials and the decline in demand, which can be said to be a house leak that happens to rain at night. The profits of the three major paper mills in the Mainland -- nine dragons, Levin and Shanying all plummeted in 2018. Zhang Yin, chairman of nine dragons, said frankly that last year was a very challenging period for the paper industry

Yangzhou yongfengyu lost 1billion yuan, and Wuxi Rongcheng lost 700million yuan.

not only is the financial report number of mainland funded paper mill ugly, but yongfengyu, Taiwan's second largest industrial paper mill, turned its surplus of 300million yuan into a loss of 1billion yuan in the 2018 annual financial report. Fortunately, the profit of reinvestment companies grew, and after the positive and negative balance, the overall profit declined by 10% last year

Rongcheng Wuxi Paper Co., Ltd., a little golden chicken that once earned nearly 1billion yuan for Rongcheng, also lost 700million yuan last year. The degree of blood loss of the factory was the first in 20 years, causing the parent company Rongcheng's profits to decline by 75%

in addition, Taiwan Zhenglong Co., Ltd. previously released its first quarter financial report, which showed that Zhenglong's revenue was 9.151 billion yuan, a decrease of 9.19% year-on-year, and its export volume decreased by about 5% quarter on quarter; The net profit after tax was 428million yuan, with an annual decrease of 78%

the Taiwanese media also said that at present, the total amount of waste paper imported from the mainland overseas is controlled, and the paper mills must apply to the government in advance for the quota, which can be imported only after being approved and issued. All domestic paper mills have to follow the rules of the game. On the surface, everyone seems to be facing the same dilemma

note: the above monetary units are new Taiwan dollars