2014年纸业上市公司蓝皮书(一)

2014 Bluebook of the listed paper companies

2013年度．由于受宏观经济复苏乏力的影响．我国造纸行业的发展遇到了诸多困难．面对较为复杂的宏观环境和激烈的市场竞争态势．造纸上市公司形成了两极分化的局面．部分大企业和有发展特色的中型企业在公司董事会的领导下．以转型升级为目标．改革创新、锐意进取．在行业形势低迷情况下．率先走出了发展低谷、实现了复苏，并开始了新一轮的扩张。而另一部分企业因体制落后．或历史负担重或者决策失误等原因．仍然在泥潭中苦苦挣扎．业绩难有改观。

In 2013, with the effect of the weak economy, the development of China paper industry met a lot of difficulties. The polarized listed paper conpanies was shaped because of the complex macro-environment and fierce market competition. Parts of the listed paper companies got postive achievement with the goal of transition and upgrade; but the other part of the listed paper companies were suffering with the negative achievement because of the backward managementsystem or the faults in decision-making.From 2012, CPPI annually makes a special topic on bluebook of t he listed paper companies, and it has lasted for two years. T he blueb o ok m a i n ly i nt ro d u c e s t he development situation of the listed paper companies in the stock markets of Shanghai and Shenzhen. The bluebook special topic of 2014 will be divided into two parts, from the views of company and persons. We hope the readers can know accurately about the whole situation of China paper industry accoring to the bluebook. You can read the fi rst part from the company view in this issue.