C&S Paper: Net profit of 2020 about 905 million yuan, an increase of 49.82% YoY

NBD AI Bulletin - C&S Paper Co Ltd (the Company, SZ 002511, close price: 21.33 yuan) released the 2020 annual results briefings on February 26. Total operating income was about 7.85 billion yuan, an increase of 18.31% from a year earlier. Net profit attributable to shareholders of the listed company was about 905 million yuan, an increase of 49.82% year over year. Basic earnings per share was 0.7002 yuan.

The rise in operating income and net profit was mainly due to: 1. effective release of production capacity, further improvement of channel construction, and increased sales increase; 2. fall of raw material prices internationally and decrease of production costs leading to effective increase of gross margin, and profit growth; 3. optimized product structure, development of high-end products, and improved gross margin; 4. strengthened internal management, improved operational efficiency, and reduced operating costs.

The semi-annual report shows that C&S Paper Co Ltd mainly engages in household paper, personal care business, accounting for 97.71%, 1.86% of its revenue, respectively.

C&S Paper Co Ltd's chairman is Deng Yingzhong, male, 70 years old. C&S Paper Co Ltd's general manager is Deng Guanbiao, male, 42 years old, Chinese national, with permanent residency in the Republic of the Gambia, university degree.

Tips on "Stock Trends":

1. The number of shares held by northbound investors in the Company decreased by 16.197 million in the past 30 days, representing 1.26% of the Company's circulating shares.

2. There was no institutional research on the Company in the past 30 days. 

(By Lan Suying)

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