With the rapid development of China's national economy and the acceleration of urbanization, the purchasing power and quality of life of urban and rural residents in China will continue to increase, which will lead to the sustained and rapid growth of China's consumer goods market, and further drive the rapid development of China's packaging and printing industry through industrial chain transmission. development of. At present, China's economy is in a period of transition, and emerging industries such as e-commerce, express logistics, and electronic communications have become the growth points of the national economy. Driven by this, packaging printing in specific fields has shown a rapid development momentum.
From the market value, Yutong packaging has the largest volume
According to the proportion of packaging and printing business, we have selected Yutong Packaging, innovative new materials, Origen, Shenzhen Jinjia, Dongfeng Printing, Meiyingsen, Shengxing Group, Hexing Packaging, Zijiang Enterprise, and Baosteel Packaging. The performance is compared and analyzed to understand the overall development trend of the industry.
In the first half of 2018, Yutong Technology ranked first with a total market capitalization of 20.01 billion yuan, followed by innovative new materials and Origen Technology, with market capitalization of 13.408 billion yuan and 1.26 billion yuan respectively.
From the perspective of business operations, Hexing Packaging and Origen are eye-catching
In the first half of 2018, the total operating income of the top ten listed companies reached 25.497 billion yuan. Regardless of the scale of revenue or growth rate, Hexing packaging performance was the most eye-catching; from the perspective of revenue scale, Hexing packaging business revenue was 97 million yuan. The gap between the yuan exceeded the Zijiang enterprise with an operating income of 4.723 billion yuan, and its operating income reached 4.82 billion yuan, a year-on-year increase of 89.5%.
In terms of net profit, the net profit of the top ten listed companies in the first half of 2018 totaled 2.539 billion yuan. Among them, Origen, the net profit was 451 million yuan, a year-on-year increase of 4.09%. From the perspective of growth rate, Zijiang's performance was eye-catching, with a year-on-year increase of 5.86% and a net profit of 314 million yuan.
From the perspective of profitability, Shenzhen Jinjia has a superior performance.
Judging from the profitability of each company, Shenzhen Jinjia Company achieved a high gross profit margin of 44.04% and a high net profit margin of 26.38% by adopting an order-based sales model. Due to the relatively heavy asset structure, Hexing Packaging has a return on net assets. It is also higher, and the return on shareholders' equity is 19.18%, which is much higher than that of other companies in the same industry.
Hexing packaging sales speed is fast, Yutong packaging, Baosteel packaging is now capable of changing
In the first half of 2018, except for Zijiang Enterprise, Yutong Packaging and Orijin, the inventory turnover rate was more than 3 times, and the rest of the enterprises were below 2.5 times, indicating that the sales speed was slow; in the first half of 2018, among the 10 listed companies, The fastest cargo is Hexing Packaging, and the largest cash inflow from operating activities is Zijiang Enterprise, and the highest net amount is Origen.
Using the main business cash ratio and net present ratio to measure the ability of the company's operating activities to create cash and the quality of earnings, Yutong Packaging's main business cash ratio is 1.29, higher than the other business in the same industry in the same period of the main business cash ratio, Baosteel's main business cash ratio is only 0.95, but its net present ratio is as high as 5.95, which means that for every profit of 1 yuan, it can achieve a net cash inflow of 5.95 yuan. It can be seen that in the first half of 2018, Yutong Packaging and Baosteel Packaging have strong cash realizing ability.
Each company has different research and development strengths, focusing on customer demand and actively adopting mergers and acquisitions as a way to strengthen enterprises.
R&D design has an inestimable effect on the sustainable and healthy development of the company, and it is a market competition for the printing industry. In the first half of 2018, Yutong Packaging's R&D investment was the largest, at 122 million yuan, accounting for 3.71% of its main business income, which was at a relatively high level. Although Meiyingsen's R&D investment scale was only 0.65 billion yuan, its investment reached the highest level. The value is 3.99%.
From the business model of each company, we all pay attention to customer demand-oriented, maintain core customers, and sales models are mostly direct sales.
According to the M&A events of the top ten listed companies in the first half of 2018 in the following table, except for the merger and acquisition incidents in Baosteel Packaging, the rest of the companies have merger and acquisition cases, indicating that the packaging and printing industry enterprises in the first half of 2018 actively adopted the means of mergers and acquisitions to expand Business size.
Editor in charge: Zheng
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