COVID-19 Impact Persists: Dashengda Moves 300M sqm Paper Packaging Project Target to December 2022
Dashengda has released an announcement noting that the prolonged impact of COVID-19 remains a key factor behind its project timeline revision. Following a careful company assessment, the intended usable-status date for the annual output of 300 million square meters of paper packaging products project is being moved from December 2021 to December 2022.
The company's 2021 third-quarter report shows first-three-quarter main operating revenue of RMB 1.166 billion, up 24.29% year on year; net profit attributable to shareholders of the parent company of RMB 47.0835 million, down 59.63% year on year; and non-recurring net profit of RMB 37.4465 million, up 22.32% year on year. In the third quarter of 2021 alone, main operating revenue reached RMB 411 million, up 13.18% year on year; single-quarter net profit attributable to shareholders of the parent company was RMB 13.9607 million, up 2.21% year on year; and single-quarter non-recurring net profit was RMB 11.5697 million, up 62.55% year on year. The debt ratio was 36.36%, investment income was RMB 10.9702 million, financial expenses were RMB 8.5107 million, and gross profit margin was 11.42%.
Public information identifies Fang Nengbin as chairman of Dashengda. Born in March 1969, he is a Chinese national with a master's degree and the title of senior economist. He also serves as vice chairman of the eighth board of directors of the China Packaging Federation and vice chairman of the China Young Entrepreneurs Association. From June 1997 to the present, he has held roles including vice chairman, general manager and chairman of the board at Shengda Group Co., Ltd.; since April 1999, he has been director and general manager of Hangzhou Xinshengda Investment Co., Ltd.; from November 2004 to May 2011, he was a director of Zhejiang Dashengda Packaging Co., Ltd.; from May 2011 to December 2016, he served as chairman of Zhejiang Dashengda Packaging Co., Ltd.; and from December 2016 to the present, he has been chairman of Zhejiang Dashengda Packaging Co., Ltd.
This article is reprinted from China Packaging Network (pack.cn). Original link: http://news.pack.cn/show-378686.html
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