On April 23, Guangdong Guanhao High-tech Co., Ltd. (hereinafter referred to as "Guanhao High-tech", stock code: 600433) released its first quarter report for 2024. In the first quarter, the company achieved operating income of 1.69 billion yuan, an increase of 3.97% over the same period of last year, and net profit attributable to shareholders of listed companies of 42.5301 million yuan, an increase of 482.38% over the same period of last year. The company fully implements the strategic plan of "one body, two wings, four-wheel drive", focuses on strengthening the chain and supplementing the chain of the main business of specialty paper, drives the strategic layout of special new materials with innovation, promotes the company's transformation and upgrading, and releases strong development momentum.
Focus on the main business, strengthen the chain and supplement the chain to consolidate the foundation
Since the beginning of 2024, the cost of white cardboard has risen one after another driven by the volatile rise in the price of raw material wood pulp, and the impact of the strike in Finland in March has caused frequent disturbances in the supply of wood pulp, and a new round of price increases has followed. Despite the dual pressure of rising raw material costs and supply shortages, Guanhao High-tech still achieved double growth in operating income and net profit in the first quarter. Behind the beautiful business performance data is the decades of industry accumulation of a veteran specialty paper leader, which fully demonstrates the company's excellent resilience and strategic foresight in the uncertainty of the industry.
Be good at thinking and acting, gather momentum and seek the future. Guanhao High-tech adheres to the principle of strengthening the chain and stabilizing the chain, making the specialty paper business stronger, better and bigger, further increasing the investment and construction of high-quality projects, actively promoting the integrated layout of pulp and paper, helping enterprises reduce costs and increase efficiency, reconstruct cost competitive advantages, and build a high-end green specialty paper industry base with core competitiveness.
According to reports, during the reporting period, the 300,000-ton high-grade coated white cardboard project of Guanhao High-tech Zhanjiang Donghai Island Industrial Base has started equipment commissioning, and the 60,000-ton special paper project is being installed. Zhanjiang China Paper 400,000 tons of chemical machine pulp project has carried out project bidding, design and other work.
Innovation and empowerment ignite the "new engine" of development
Those who know change with the times, and those who know make things as they go. Scientific and technological innovation is the core element of the development of new quality productivity and the key driving force for the high-quality development of enterprises. In order to continue the upward and positive development trend, Guanhao High-tech practices new ideas for reform and development, empowers high-quality development with innovation, focuses on scientific and technological innovation in the field of special new materials based on the principle of relevant diversified development, deeply cultivates strategic emerging industries such as special fiber composite materials, precision coating and special chemical materials, continues to increase technology research and development, and achieves gratifying results in the development of key materials and core technologies.
In 2023, the company will newly authorize 47 patents, including 11 invention patents, and release 10 new standards, including 4 national standards, 1 industry standard, and 5 group standards.
The remarkable achievements are mainly due to the company's focus on scientific and technological innovation and achievement transformation. On the one hand, the company adheres to the deep integration of "production, education and research", maintains good cooperation with external platforms, cultivates and incubates the special materials industry through cooperation with universities and R&D institutions, and accumulates new momentum for high-quality development. On the other hand, the company has made every effort to promote scientific and technological innovation, continuously increased investment in R&D experimental equipment and engineering equipment, and accumulated strong scientific research strength. Under the multi-level and efficient operation and strong cooperation, Guanhao High-tech has achieved transformation and deep extension in the field of special new materials.
From the short-term goal of "building a high-end green specialty paper industry base" to the corporate vision of "building a world-class new material industry company", Guanhao High-tech has been at the forefront of the trend, striving to be the first, and gradually realizing the evolution from traditional manufacturing to high-tech industry, and successfully passing through the industry cycle.
Lean management is the right time to break the waves
Industry insiders pointed out that with the implementation of sustainable development policies such as the national "double carbon" strategy, "plastic ban" and "plastic limit", the market demand for paper products and the prosperity of the industry are still improving for a long time, and the paper industry is ushering in unprecedented development opportunities. For Guanhao High-tech, the "second entrepreneurship" is the right time.
After years of business accumulation, Guanhao High-tech has been firmly in the leading position in the industry. In addition to the far-sighted strategic stance, Guanhao High-tech has carried out drastic reforms in the governance system and market-oriented operation mechanism by virtue of the reform opportunity of the "Science and Technology Reform Action", built a unique governance system, and comprehensively improved the efficiency of corporate governance.
In terms of decision-making, the company has cultivated a large number of outstanding management and technological innovation talents through the "Pilot Talent Program", and established a high-level, wide-vision, and advanced management decision-making team;
In terms of lean management, the company insists on seeking benefits from management, making it an important engine to promote the company's continuous progress. The company takes on-site management, CI projects, and special breakthrough projects as the starting point, deepens lean management, and leads the digital and intelligent transformation and upgrading of enterprises. At the same time, lean management is incorporated into the overall strategic layout of the enterprise, through all aspects of production, warehousing, logistics and management, optimizing production organization and management, improving production efficiency, strengthening cost control, and maximizing management efficiency.
Today, Guanhao High-tech has gradually built an overall digital and intelligent management system of the enterprise. According to the announcement, the company's smart warehousing project has been selected into the list of national intelligent manufacturing excellent scenarios in 2023, and the data management application has passed the national DCMM data standard implementation certification, and the company has made steady progress in the journey of digital intelligence, and its core competitiveness has also been continuously improved.
Increasing holdings and repurchases demonstrate confidence in future development
For a long time, Guanhao High-tech has firmly grasped the functional positioning of state-owned central enterprises as "the important weapon of the country". In recent years, the company has made frequent moves in the capital market, which has attracted wide attention in the industry. Earlier, in order to boost investor and market confidence, Guanhao High-tech issued an announcement on the repurchase of shares, and will use 200 million to 400 million yuan of its own funds to repurchase the company's shares for cancellation and reduce the registered capital. According to the data, as of March 31, 2024, the company has repurchased about 62.78 million shares through centralized bidding transactions, with the repurchased shares accounting for 3.40% of the company's total share capital, and the total amount paid is about 215 million yuan (excluding transaction costs).
In recent years, Guanhao High-tech has implemented two share repurchase plans. Behind several large-scale repurchases is Guanhao High-tech's profound practice of the "investor-oriented" concept and a highly responsible attitude towards investors. The company actively takes measures to protect the rights and interests of investors, optimizes the company's equity structure, enhances the company's market reputation and competitiveness, and also conveys positive information to the market, reflecting the company's firm confidence in future development.
It is worth noting that recently, the chairman of the company has led the senior management team to collectively increase the company's shares many times, demonstrating confidence in the company's future development prospects.
The spring of the year is the first, and everything comes first. Guanhao High-tech ushered in a "good start" with excellent performance, laying a solid foundation for the completion of the annual task goals.
Guanhao High-tech said that the company will grasp the general trend of high-quality development, keep integrity and innovation, open up a new journey, and contribute more to the construction of state-owned central enterprises. In the new year, the company will fully implement the new development concept, focus on the strategic positioning of stronger, better and bigger coating new materials and related industries, promote the implementation of the company's "14th Five-Year Plan" strategic plan, comprehensively promote the company's high-quality development, and continue to create value for shareholders.