Source: techhin technology

Jielong Industrial announced the 2018 annual results pre-loss announcement on the evening of January 30th. According to the company, the related expenses incurred by the new products in the development period and the subordinate real estate projects are the main reasons for the loss in 2018. However, the revenue of the traditional printing and packaging business of one of the company's main businesses has actually increased significantly. Compared with the loss of 9 million in the same period of the previous year, the business is expected to achieve a profit of 21 million in 2018. The company is vigorously transforming into a green packaging business.

According to the announcement, it is estimated that the company's 2018 annual net profit attributable to shareholders of listed companies will be a loss compared with the same period of the previous year (statutory disclosure data), with an estimated loss of 10 million to 12 million, attributable to listed companies. The net profit after the shareholder's deduction is -18 million to 20 million.

For the reason of the loss, the company stated that the newly invested pulp molding and packaging products project and the dry-pressed paper mould product project have not yet started mass production due to product development, pre-market development and business introduction, so the total of the two projects in 2018 is attributable to The net profit loss of the shareholders of the listed company is about 35 million; although the relocation and resettlement houses developed by the company's subordinate real estate project company Shanghai Penglin Real Estate Co., Ltd. have been completed, but the sales have not been realized in 2018, the loan interest and other expenses incurred in the project are in 2018. All expenses were incurred, resulting in a net profit loss of approximately 10 million attributable to shareholders of the listed company.

However, the company's traditional printing and packaging business performance has grown significantly. According to the announcement, the printing and packaging sector achieved a profit of approximately 21 million in 2018, compared with a loss of approximately 9 million in the same period last year.

Not only the traditional printing and packaging business has developed steadily. In recent years, Jielong Industrial has also been committed to the transformation and upgrading of printing products, focusing on the development trend of green economy and carrying out a large number of layouts in the field of green printing. The company has invested nearly 300 million in pulp molding and packaging products and dry-press paper products, and will develop green printing products such as paper molded packaging products and new environmentally friendly paper trays.

At present, the company's two projects are in the equipment commissioning and trial production stage. The company said that these two projects have the technical support of mature enterprises, with a wide range of raw materials and broad market prospects. If the project operation output reaches the expected target, it will open up new packaging products for the company, which will not only enrich the company. Product direction will also bring better economic benefits. According to the announcement at the time, the after-tax internal rate of return for the pulp molded packaging product project and the dry pressed paper product project were 16.3% and 17.54%, respectively.

According to industry insiders, according to the current trend of international and domestic enterprises to vigorously promote the green environmental protection economy, more and more enterprises will no longer use plastic packaging and turn to green environmental protection materials, and the business transformation of Jielong Industrial caters to this. Green demand, the company's future performance can be expected.

Editor in charge: Xia Jing

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