Yibin Paper Co., Ltd. is the only newsprint production enterprise in Southwest China. It mainly supplies printing paper for Party journals and party newspapers in southwest and northwest China, and printing paper for central newspapers and periodicals in the southwest and northwest China. Its products occupy 40% of the southwest market. Due to the rising price of newsprint and the promotion of the company's asset restructuring, in the first half of 2005, the company's net profit increased significantly compared with the same period last year, indicating that the company has entered a good development track. Considering the relative balance between supply and demand of domestic newsprint in 2005, the price will remain at a high level, and the company's performance is expected to continue to maintain moderate growth this year. The improvement of the company's operation stems from the success of the reorganization. Since Yibin Tianyuan Co., Ltd. has been entrusted with the management of state-owned shares and state-owned corporate shares, a series of exciting changes have taken place in the fundamentals of Yibin Paper Industry. Through technological transformation, the company adjusted the structure of raw materials, made full use of local resources, and greatly reduced the cost of products. Effective product structure adjustment and business chain integration not only made the company's performance recover but also made the company get rid of the hat of special treatment. The second-largest shareholder is the famous Wuliangye Group, which brings opportunities for the company to carry out more large-scale restructuring in the later stage.
On July 1, this year, in order to support the technological transformation of Yibin Paper Industry, Yibin Municipal People's government gave 4.62 million yuan of discount interest on the technological transformation of the company's cultural paper and other technological transformation projects, which has been transferred to the company.
The stock market is small, with only 33.54 million shares in circulation. In the early stage, the stock price began to adjust with the decline of the market. The stock price was strongly supported by the platform in the early stage. The daily K-line showed a three-day positive trend, and the five-day average turned upward. On Friday, the time-sharing chart showed that the main signs of controlling the stock market were obvious, and there were signs that they were reluctant to sell. We should focus on it.