Comparative Analysis of Chinese Ivory Board Factories

China's white cardboard market is highly competitive, with various factories showing different advantages and characteristics in many aspects. The following will compare the three companies of Chenming Paper, Guanhao High-tech and Bohui Paper from the four main dimensions of basic situation, operating situation, R&D investment, production, sales and inventory to demonstrate their status and competitiveness in the industry:

Basic situation comparison

1、Shandong Chenming Paper Group Co., Ltd.

Enterprise scale: Chenming Paper is one of the leading paper-making enterprises in China. It has multiple production bases and a wide range of product lines, including cultural paper, coated paper, white cardboard, etc., with an annual pulp paper production capacity of more than 11 million tons.

Market influence: With its large production scale and complete sales network, Chenming Paper has significant influence in domestic and foreign markets, especially in the fields of high-end cultural paper and packaging paper.

2、Guangdong Guanhao High-tech Co., Ltd.

Professional technology: Guanhao High-tech focuses on high-end coated white cardboard, especially taking a leading position in the tobacco packaging and food packaging paper markets, and has gained market recognition for its technical advantages and product quality.

Innovation ability: The company attaches great importance to technological innovation and continuously launches new products that meet market demand, such as carbonless copy paper and thermal recording paper, which enhances the company's market competitiveness.

3、Shandong Bohui Paper Co., Ltd.

Market positioning: Bohui Paper's main products are white cardboard, corrugated paper and boxboard paper. Among them, white cardboard is popular in the market for its high quality and stable physical properties, especially in East China and North China, which has a good sales network.

Strategic layout: The company has production bases in Jiangsu and Shandong, effectively covering the major economic zones on the northern and eastern coasts, and has strong geographical advantages and logistics efficiency.

Comparison of operating conditions

1、total operating income

Chenming Paper: reaching 33.02 billion yuan in 2021, showing its strong business strength as an industry leader.

Guanhao High-tech: It recorded 7.39 billion yuan in the same year. Although it is not as good as Chenming Paper, it has a high market share in professional fields such as the tobacco packaging paper market.

Bohui Paper: Revenue of 16.276 billion yuan, located between the two. Its product diversification strategy helps balance market risks.

2、total operating cost

Chenming Paper: Up to 22.52 billion yuan. Higher revenue is also accompanied by higher cost investment, especially in raw materials and environmental protection facilities.

Guanhao High-tech and Bohui Paper: 6.01 billion yuan and 12.544 billion yuan respectively. This reflects that Guanhao High-tech has done a better job in cost control, while Bohui Paper has increased cost investment when expanding production scale.

R&D investment comparison

Chenming Paper: R&D expenses in 2021 will be 1.454 billion yuan, accounting for 4.4% of total revenue, showing that the company focuses on technological innovation and product upgrades.

Guanhao High-tech: R&D expenses are 341 million yuan, accounting for 4.6%. It leads the technology development in specific fields such as tobacco packaging paper.

Bohui Paper: R&D expenses are 556 million yuan, accounting for 3.4% of total revenue. It is also actively improving its technology research and development capabilities, especially in improving product quality and developing environmentally friendly products.

Comparison of production, sales and inventory

Bohui Paper: Production and sales in 2021 will be 2.2575 million tons and 2.2522 million tons respectively, and the inventory will remain at 104,300 tons, showing a good balance between production and sales and inventory control.

Chenming Paper and Guanhao High-tech: Both maintain high production and sales volume, but have strengthened their market positions in high-end cultural paper and specialty paper products in different markets.

Based on the above analysis, Chenming Paper, Guanhao High-tech and Bohui Paper each have their own strengths. Chenming Paper has advantages in scale and comprehensive strength, Guanhao High-tech is competitive in technology and specific market areas, while Bohui Paper performs well in product diversification and market coverage. These factors jointly determine their competitive position in China's white cardboard market.

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