Up to now, 31 packaging and printing companies have disclosed their third-quarter earnings. Benefiting from the decline in paper prices in the third quarter, the gross profit margin of paper packaging, cigarette packages and printing industry has rebounded significantly compared to the second quarter.

It is worth noting that, in terms of sub-categories, the net profit of the paper packaging industry in the first three quarters of 2018 maintained a high growth rate of 42.1% due to the increase in market concentration and industry consolidation and the growth of some leading new businesses.

Among them, the net profit growth data of 367.97% in the first three quarters of Hexing Packaging is particularly conspicuous. From the beginning of the year to the third quarter of the financial report period, Hexing Packaging achieved operating income of 8.11 billion yuan, an increase of 89.54% year-on-year, and realized a net profit of 482 million yuan, a year-on-year increase of 367.97%.

In addition, Jihong Packaging, Baosteel Packaging and Shaanxi Jinye also achieved net profit growth of 242.2%, 243.7% and 244.9%, respectively, ranking the forefront of profit growth in the printing and packaging industry.

Figure: Business status of the packaging and printing industry in the third quarter of 2018

Editor in charge: Zheng

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