The hottest main business stagnates, and St Yizhi

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The main business stagnated, and St Yizhi struggled to survive in the trough.

therefore, St Yizhi published its 2013 semi annual report. During the reporting period, the company's operating income and net profit metal stretching process introduction decreased significantly year-on-year. Among them, St Yizhi achieved an operating income of 923600 yuan this month, a year-on-year decrease of 65.78%, and the net profit attributable to shareholders of listed companies was 615100 yuan, a year-on-year decrease of 15.81%. It is worth noting that although the operating income and net profit are positive, the government subsidy included in the current profit and loss of the company is 5.77 million yuan. After deducting the non recurring profit and loss, the net profit attributable to the shareholders of the listed company is actually -5.0556 million yuan, a year-on-year decrease of 2246.69%

from the perspective of main business operation, in the first half of this year, St Yizhi's food paper business contributed an operating income of about 17200 yuan to the company, while the cultural paper business achieved an income of about 869600 yuan. The operation scale of the two main businesses is very small. St Yizhi said that in the first half of this year, the company was in the stage of shutdown and project construction in the new area, and the relevant work was progressing smoothly. Some civil engineering projects had begun to be constructed. At the end of April, the company also received a loan of 200million yuan from Yibin municipal Finance Bureau for construction projects in the new area

according to statistics, there are currently 15 paper-making listed companies in China, among which st Yi paper, which entered the A-share market in 1997, is the only paper production enterprise in Southwest China. Unfortunately, with the gradual development of industry technology, in recent years, the business situation of St Yizhi with poor cooperation consciousness has gradually become familiar with the tensile test of bolts, and everyone is in trouble. In 2006, 2007, 2009 and 2011, St Yi paper suffered losses to varying degrees, and the development of the enterprise was not very optimistic

at present, the company's elimination of backward production capacity has come to an end, and the liquidation and evaluation of the assets to be disposed of in the old plant area have also been completed. The positive expectations brought by the disposal of assets in the old area and the overall relocation and technical transformation project of the plant area are considered to be the focus and hope of St Yizhi. According to the latest information released by the company, St Yizhi has no consideration of asset restructuring for the time being

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