Minfeng specialty paper is mainly engaged in the production, sales and related business of cigarette supporting paper and special industrial paper. The leading products are cigarette paper, tracing paper and capacitor paper, all of which are the first in China. For cigarette paper, the company invested USD 6.5438+0.872 million to jointly establish Minfeng Bent Company with German Bent Company, accounting for 74% of the shares. Bent Holdings Limited, located in Hellne, Germany, is a world-famous deep processing enterprise in tipping paper. Established in 1967, the enterprise has a long history, and has many years of production and operation experience and proprietary technology in printing and micro-drilling in tipping paper, ranking the leading position in the world. It is a long-term stable supplier of Marlboro and other well-known cigarette brands. In terms of production in tracing paper, Minfeng specialty paper is the only manufacturer in tracing paper at present, accounting for about 85% of the domestic market share, and its main competitors are foreign enterprises. This product, like cigarette paper, is a high-profit product, and the industry profit rate is about 20% to 30%.
With the arrival of the long-term appreciation trend of RMB, it is expected that the paper production cost of the company will be greatly reduced. In the published third quarter report, the company's growth has been reflected:1-September profit increased by 34% year-on-year. Secondly, the special paper is labeled as "aerospace", and the concept of military industry is brilliant. Capacitor paper produced by Minfeng special paper belongs to ultra-thin electrical insulating paper, which is a cutting-edge product widely used in national defense industry and telecom power industry, and also makes the stock have a hot military theme in the market.
The capacitor paper produced by Minfeng Special Paper Co., Ltd. meets the requirements of military industry with strict chemical, physical and electrical properties, and has the characteristics of uniformity, consistency and reliability. The produced electrically insulating paper is extremely thin, belonging to high-end technical products, and has been widely used in national defense industry and telecom power industry, and is known as the king of paper. At the same time, Minfeng specialty paper is the main manufacturer of capacitors in China, and its capacitor paper won the national quality gold medal twice, ranking first in product quality and market share in the country. Since 1980, this product has been successfully applied to China's first long-range intercontinental missile, and has been applied to China's strategic weapons and launch vehicles many times. Moreover, the product has been adopted in Shenzhou 5 and No.6, which once again consolidated the leading position of the company's capacitor paper in the domestic military industry. With the continuous growth of China's defense investment, the company has a huge market prospect. At the same time, the share price of this stock is only a little more than that of 4 yuan, and it is easier to get market hype with its brilliant military theme.