"As a listed company, there is no performance without dignity." This is the opening remark of Wang Qingpeng, the party secretary of Meiyingsen Group, when the securities reporter visited the Meiyingsen Dongguan Packaging and Printing Industry 4.0 intelligent factory which was put into operation in August this year.
Order volume increased, Mei Yingsen's third quarter performance is good
Located in the Guangming New District of Shenzhen, Meiyingsen is an integrated production service provider that provides customers with integrated packaging solutions based on environmentally friendly packaging. In recent years, with the vigorous development of e-commerce, the packaging industry as a whole has experienced explosive growth. Meiyingsen has also grown from the original single carton manufacturer to the leading integrated high-end environmental packaging integrated service provider in China.
On the evening of October 29, Mei Yingsen released the third quarterly report of 2018. In the first three quarters, the company achieved operating income of 2.329 billion yuan, an increase of 16.15% over the same period of the previous year. In the first three quarters, the net profit attributable to shareholders of listed companies was 293 million. In the same period last year, it increased by 18.25%. This is another growth after the company's interim results have been the best since its listing.
In addition, at the same time as the release of the third quarterly report, Mei Yingsen announced the full year of 2018 results. According to the announcement, as the number of orders from developed customers continues to increase, the company expects net profit attributable to shareholders of listed companies to be between 400 million and 453 million in 2018, and the net profit attributable to shareholders of listed companies is 15% to 30%.
For reasons of performance growth, Mei Yingsen said that the company's operating income in the first three quarters increased compared with the same period of last year. It was mainly due to the order of Shenzhen Meiyingsen, Dongguan Meiyingsen, Suzhou Meiyingsen, Chongqing Meiyingsen and Dongguan Meixinlong in the reporting period. The increase in volume.
The concentration of the packaging industry is increasing, and Meiyingsen continues to build new capacity.
In recent years, the concentration of the packaging industry has continued to increase, and Mei Yingsen has also released capacity as an important task in the company's future development. For the future planning of new capacity, Wang Haipeng said that after the completion of the new production 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 in the economically active areas such as Guangdong, Hong Kong, Macau, the Yangtze River Delta Economic Zone, Chengdu-Chongqing Economic Zone, Changsha, Zhuzhou and Xiangtan Economic Zone, and the Central Plains Economic Zone, so as to share the key regional market belts of the domestic packaging industry. The profit coming.
Up to now, based on the existing four manufacturing platforms in Shenzhen, Dongguan, Suzhou and Chongqing, Meiyingsen has built or expanded high-end manufacturing platform projects in Chengdu, Suzhou, Changsha and Lu'an, and is in the process of orderly construction. Packaging and Printing Industry 4.0 The capacity of the 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 that the outside world is concerned about, Mei Yingsen said that the industrial 4.0 smart factory can not only improve production efficiency, but also reduce labor. In its production workshop, the staff introduced that the efficiency of Dongguan Smart Factory has at least doubled, and labor saved more than two-thirds. Because it is intelligent, many of them are computer operations, and the production error rate is also reduced.
Doing strong business, paper packaging is still available
In the first half of 2018, the packaging and printing industry was affected by fluctuations in the price of the upstream packaging base paper, and the cost end was under pressure. Mei Yingsen, the leader in the packaging industry, was also affected.
In response to fluctuations in raw material prices, Wang Haipeng said that “the rise in raw material prices, environmental protection and enforcement of law enforcement and enforcement are actually beneficial 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 companies are more capable of acquiring quality orders with comprehensive competitive strength, while SMEs are more likely to be eliminated and industry concentration is accelerating. As far as the company is concerned, we feel that customer development has accelerated."
In terms of strategic layout, Mei Yingsen has always emphasized to be a strong main business. Wang Haipeng said, “The market space of the packaging industry is still very strong. The company will further expand its business through the strategic layout of new production capacity. We are going to focus on the development of the paper packaging industry. We have the customer brand advantage, the industrial 4.0 smart production capacity, and the strong R & D capabilities and process technology, we believe that paper packaging is still available."
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 yuan, a year-on-year increase of 14%; and realized a net profit of 5.8 billion, a year-on-year increase of 14%.
At present, the negative factors such as rising raw material prices and increasing exchange losses have gradually improved. In the long run, multiple factors such as horizontal mergers and acquisitions and downstream customers will promote industry consolidation. Leading companies are expected to take this opportunity to further expand their scale. Improve market share.
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