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Meiyingsen Wang Haipeng: listed companies have no dignity without performance, and paper packaging is still promising.

"as a listed company, there is no dignity without performance." This is the opening speech thrown by Wang Haipeng, Secretary of the Party committee of mayingsen group, when the securities delegation visited mayingsen Dongguan packaging and printing industry 4.0 smart factory, which was put into operation in August this year

01 the order volume increased, and the performance of meiyingsen in the third quarter was very good.

meiyingsen, located in Guangming New Area, Shenzhen, is a comprehensive production service provider that relies on environmental protection packaging to provide customers with integrated packaging solutions. In recent years, with the vigorous development of e-commerce, the packaging industry as a whole has ushered in explosive growth. Mayingsen has also grown from the original single carton manufacturer to a leading domestic high-end integrated environmental protection packaging service provider

on the evening of October 29, mayingsen released its 2018 third quarter report. In the first three quarters, the company achieved an operating revenue of 2.329 billion, an increase of 16.15% over the same period last year; In the first three quarters, the net profit attributable to shareholders of listed companies was 293million, with a thickness of 3mm and 6mm, an increase of 18.25% over the same period last year. This is another increase after the company's medium-term performance reached the best level since its listing

in addition, while publishing the third quarterly report, mayingsen gave a forecast of the full year performance in 2018. The announcement shows that with the continuous increase of orders from developed customers, the company expects the net profit attributable to shareholders of listed companies to be 400million to 453million in 2018, and the change range of net profit attributable to shareholders of listed companies to be 15% - 30%

as for the reasons for the performance growth, mayingsen said that the increase in the company's operating revenue in the first three quarters over the same period last year was mainly due to the increase in the order volume of Shenzhen mayingsen, Dongguan mayingsen, Suzhou mayingsen, Chongqing mayingsen and Dongguan meixinlong during the reporting period

02 the concentration of the packaging industry has increased, and mayingsen continues to build new production capacity

in recent years, the concentration of the packaging industry has increased, and mayingsen also takes the release of production capacity as an important work in the future development of the company. For the future planning of new capacity, Wang Haipeng said that after the completion of the new capacity, on the one hand, it will provide a solid capacity guarantee for the company's new round of development

on the other hand, the company will gradually realize the strategic layout of establishing upstream and downstream, industry university research information, intellectual property rights and other resource sharing mechanisms in Guangdong Hong Kong Macao Greater Bay area, Yangtze River Delta economic circle, Chengdu Chongqing Economic Zone, as well as economically active areas such as Changsha Zhuzhou Xiangtan economic circle and Zhongyuan Economic Zone, so as to share the development trend analysis of global special engineering plastics in key regions of domestic packaging industry; "1035" where will China's special engineering plastics go; How to further break through the profits brought by the use of special engineering plastics in automobile manufacturing and aerospace

up to now, on the basis of the existing four manufacturing platforms in Shenzhen, Dongguan, Suzhou and Chongqing, meiyingsen's new or expanded high-end manufacturing platform projects in Chengdu, Suzhou, Changsha, Lu'an and other places are under orderly construction. The production capacity of the packaging and printing industry 4.0 smart factory (Dongguan) project has been gradually put into use, and the company's cross regional service capacity has been significantly improved

for the smart factory concerned by the outside world, meiyingsen said that industry 4.0 smart factory not only greatly improves production efficiency; It can also greatly reduce labor. In its production workshop, staff said that the efficiency of Dongguan smart factory has at least doubled, saving more than two-thirds of labor. Because it is intelligent, many are computer operations, and the production error rate is greatly reduced

03 make the main business bigger and stronger, and paper packaging still has great prospects

in the first half of 2018, the packaging and printing industry was affected by the price fluctuation of upstream packaging base paper, and the cost side was under pressure. As the leader of the packaging industry, meiyingsen was also affected

in response to fluctuations in raw material prices, Wang Haipeng said "The rise of raw material prices, strengthening supervision and law enforcement of environmental protection, etc. 2. Poor activity is conducive to the healthy development of the industry. In the short term, enterprises may have pains, but medium - and long-term industry enterprises, especially leading enterprises, should benefit significantly. Leading enterprises have a stronger ability to obtain high-quality orders by virtue of their comprehensive competitiveness, while small and medium-sized enterprises are more likely to be eliminated, and the industry concentration is accelerated. As for companies, we feel that now customers Household development has accelerated. "

in terms of strategic layout, meiyingsen has always emphasized expanding and strengthening its main business. Wang Haipeng said, "the market space of the packaging industry is still very large. The company will further realize business expansion through the strategic layout of new production capacity. We need to focus on the development of the paper packaging industry. We have customer brand advantages, industrial 4.0 smart production capacity, strong research and development capacity and process technology. We believe that paper packaging is still promising."

Huatai Securities research report pointed out that in the first three quarters of 2018, packaging and printing enterprises achieved a total revenue of 67.5 billion, an increase of 14% year-on-year; The net profit attributable to the parent company was 5.8 billion, an increase of 14% year-on-year

at present, phased negative factors such as rising raw material prices and increasing exchange losses have begun to improve gradually; In the long run, multiple factors such as horizontal mergers and acquisitions and the improvement of downstream customer concentration will promote industry integration, and leading enterprises are expected to take this opportunity to further expand the scale of enterprises and enhance market share

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