News & Insights

July is the golden season for engineering project construction. Workers of Suifenhe Hongji Packaging Materials Co., Ltd. are also seizing the opportunity of project construction, racing against the clock, pushing forward progress, and sweating profusely on the project site. Suifenhe Hongji Packaging Materials Co., Ltd. is located in the border economic cooperation zone. The packaging box production project covers an area of about 8,520 m². The project's main products include expandable polystyrene foam boxes, cartons and other packaging materials, with a planned annual output of 500,000 sets of foam boxes and a number of cartons, and an output value of 10

At 18:00 on July 12, an employee operating a printing press at a factory on Guanjiang Road, Henglan Town, Zhongshan City, Guangdong Province, accidentally had his hand caught in the roller and could not free it, leaving the situation extremely critical. After receiving the alarm from the 119 command center, Henglan fire rescue immediately dispatched 3 vehicles and 14 officers and firefighters to the scene. At the scene, firefighters observed that the trapped employee was bare-chested and lying prone on the printing press, with his left hand pinned under the printing press roller. The factory owner said the roller was made of solid iron,

Nayuki Tea (02150.HK, hereinafter "Nayuki"), known for its "highest average order value," listed on the Hong Kong Stock Exchange at the end of last month at an issue price of HK$19.8 per share, but was hit by a broken issue price on its debut day. Now, several days after its listing, Nayuki's share price performance remains below expectations. As of the close on July 9, 2021, Nayuki's share price stood at HK$16.72 per share, with a total market value of HK$28.677 billion. On the day of listing, Red Star Capital Bureau had

Raw materials have gone up too sharply. Even if you give us orders, we can no longer afford to make them…" said one carton factory owner in anguish, who has decided to give up his own factory. In the past year, 2020, although the packaging and printing industry greatly reduced its labor force and markedly improved its efficiency, the rise in raw material prices meant that listed companies generally posted negative growth in gross margin. If listed companies with abundant cash flow and a certain bargaining power in raw material procurement are already in this position, then the industry's small and medium-sized packaging companies

On July 12, Shengtong Printing (002599.SZ) disclosed its 2021 half-year earnings forecast announcement, projecting first-half net profit attributable to shareholders of the listed company of RMB 50 million–70 million, turning profitable year on year. Basic earnings per share of RMB 0.09–0.13 per share. In the first half, as demand recovered, all of the company's businesses delivered solid performance. In the book printing business, with the implementation of lean management, operating

On June 10, the paper bag supplier to KFC, McDonald's, Uniqlo and HEYTEA — Fujian Nanwang Environmental Technology Co., Ltd. (hereinafter referred to as Nanwang Technology) — submitted its prospectus (application draft, the same below), making a bid for the ChiNext board of the Shenzhen Stock Exchange. Categories of Nanwang Technology's main products Image source: screenshot of Nanwang Technology's official website Nanwang Technology's main products are eco-friendly paper bags and food packaging. Eco-friendly paper bags are mainly used for outer packaging of consumer goods, including apparel, footwear and hats, and casual

Bain & Company and Kantar Worldpanel recently released the China Shopper Report for the tenth consecutive year. The 2021 China Shopper Report (Vol. 1) shows that in the first half of 2020, the pandemic dealt a severe blow to overall FMCG sales growth, but the market stabilized and recovered in the second half, with full-year sales rising 0.5%, essentially back to pre-pandemic levels. Since the start of this year, China's FMCG market has begun to recover, yet growth remains weak. 2021

According to the official website of the National Development and Reform Commission (NDRC), in order to implement the requirements of the Law on the Promotion of the Circular Economy and to further advance the development of the circular economy, the NDRC recently issued the "14th Five-Year Plan for the Development of the Circular Economy" (hereinafter referred to as the "Plan"), which requires that by 2025 circular production methods be fully implemented, green design and clean production be widely promoted, the capacity for comprehensive resource utilization be significantly enhanced, and a resource-recycling industrial system be basically established. Among other things, the Plan calls for strengthening green express packaging

At 20:59 on June 25, 2021, the 119 command center of the Chizhou City Fire and Rescue Detachment in Anhui Province received a report that a fire had broken out at Chizhou Xinchuang Packaging Materials Co., Ltd. in Tongzishan Village, Meilong Subdistrict. Following investigation and evidence collection by the public security and fire departments, the fire was caused by Chen improperly using a mosquito coil, which ignited cartons inside the factory building and then spread. His actions resulted in the destruction by fire of the company's printing press and a number of semi-finished cartons. Through investigation, visits and inquiries as well as on-site inspection

On July 1, the National Development and Reform Commission issued the 14th Five-Year Plan for the Development of the Circular Economy (hereinafter referred to as the Plan), requiring that by 2025 circular production methods be fully implemented, green design and cleaner production be widely promoted, the capacity for comprehensive resource utilization be significantly enhanced, and a resource-recycling industrial system be basically established. The Plan proposes that by 2025 a resource recycling system covering the whole of society be basically completed, resource utilization efficiency be greatly improved, and recycled res