Shanying Paper: Waste Paper Inputs Top 92% as Circular Economy and RMB Appreciation Offer Tailwinds

Published:2026-10-03 · Industry News

Shanying Paper is a national key high-tech enterprise with a provincial-level technology center, supported by solid research and continuous innovation capabilities. The company has solid waste incineration and integrated waste utilization technologies, uses waste-to-energy power generation for energy supply, and produces packaging paperboard with waste paper as its main raw material. Waste paper currently makes up more than 92% of its papermaking raw materials. This not only puts waste to use and saves energy but also reduces pollution and protects the environment, creating outstanding economic and social benefits. As a typical circular-economy enterprise, the company is expected to receive key support under relevant national policies.

The company keeps advancing product development and technological renovation while comprehensively optimizing its business structure. Its paperboard technical renovation project has been adaptively adjusted; with appropriate technology and equipment configuration, the project can produce packaging paperboard such as high-strength corrugating base paper, as well as cultural papers including offset printing book and magazine paper and newsprint. At the same time, the company plans to issue convertible bonds to build, among other projects, a technical renovation project for 200,000 tons per year of high-strength corrugating base paper. The orderly construction and commissioning of new projects will raise its profitability.

China still relies mainly on imports for waste paper and pulp, and the recent acceleration in RMB appreciation is quite favorable to the company’s future development. From a trend perspective, the stock rose this week on moderate volume and chose an upward breakout; it has now recovered its half-year moving average and is expected to accelerate upward in the sessions ahead, warranting close attention.

——Source: China Packaging Network (pack.cn); original link: http://news.pack.cn/show-362326.html

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