Rongcheng reported a loss of 0.67 yuan per share last year.

(Rongcheng Paper Mill)

[Reporter Huang Haochen/Taipei Report] Paper mill Rongcheng (1909) announced today (2022) December self-consolidated profit and loss, a single monthly pre-tax net loss of 226 million yuan, pre-tax loss per share of 0.18 yuan, last year's pre-tax net loss 853 million yuan, with a loss of 0.67 yuan per share, the first annual loss in the past 13 years.

Rongcheng’s revenue in December last year was 4.351 billion yuan, an annual decrease of 16.9%, and its annual revenue was 52.922 billion yuan, a yearly decrease of 6.45%. Since Rongcheng mainly has three factories in China and only one in Taiwan, last year was mainly affected by China Due to the impact of the epidemic, the momentum of the local economy has slowed down, and people’s willingness to consume is not strong, which has affected the market demand for industrial paper. The cost of raw material waste paper recycling increases, resulting in an increase in production costs.

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According to Rongcheng’s observation, the epidemic situation in China is expected to cool down after February, and the demand for industrial paper is optimistic. At present, the utilization rate of Taiwanese mills remains at 100%, and 80% of Chinese mills’ paper machines will be repaired every year in January. It is expected that after the Lunar New Year, if the epidemic slows down, it is expected Driving the demand for cartons should return to the state of full production and full sales.

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