Paper stock weak balance state profit trough confirmation

Weak balance state of paper-making stocks the profit trough confirmed that the financial crisis, the lower demand for paper industry in the four quarter last year, accompanied by the decline in the price of products and raw materials, led to a sharp pullback in corporate performance. Into the first quarter of 2009, the downstream demand has warmed up, but the rebound in demand can not fully digest the current paper factory supply of the rise, with the end of the inventory, enterprises significantly reduce the likely no longer, the industry supply and demand back to the weak equilibrium state.　　Listed company level, the first quarter of 8 major paper enterprises total revenue to achieve 7.595 billion, the year-on-year decline of 25.49%, the chain fell 0.5%. A number of data indicate that the production and operation of enterprises is returning to normalization, in which the stock chain no longer increases, indicating that the business and downstream transactions have improved, the industry profit trough has been confirmed, the boom is picking up.　　Can pay attention to Bo Hui paper, Sun paper and hexing packaging. (Southwest Securities Rolli)