Changes in Hong Kong stocks | Paper stocks collectively declined, and profit pressure continued in the third quarter, and profits fell somewhat compared to the second quarter

The Zhitong Finance App learned that paper stocks were collectively lower. As of press release, Chenming Paper (01812) fell 5.00% to HK$0.38; Nine Dragons Paper (02689) fell 4.60% to HK$4.25; Liwen Paper (02314) fell 2.47% to HK$3.155.

According to the news, profit pressure on the papermaking sector continued, with profits in the third quarter falling compared to the second quarter. According to GF Securities, the gross margin of 16 companies of the same caliber fell from 13.33% in the second quarter to 11.21% in the third quarter, and the net profit amount of 13 companies fell month-on-month. Demand recovery is slow, differences in supply and demand between paper types, and fluctuations in raw materials continue to affect the report, and there is a difference in the pace of revenue growth and profit improvement.

CITIC Construction Investment released a research report saying that the prices of 26Q3 cultural paper and white cardboard continued to bottom out. The price of corrugated cardboard rose more than expected in the 26Q2 off-season and fell in 26Q3. Prices of specialty paper and household paper were relatively stable. The revenue growth of some listed paper companies was mainly driven by volume increases released from new production capacity, and profitability generally weakened sequentially. Looking ahead to 27 years, it is expected that cultural paper will continue to decline, the supply and demand pattern of corrugated box board paper will be optimized, and the profit center is expected to improve.