After the most popular paper, LMZ lost 12 years in

2022-08-14
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After having paper, LMZ lost 12 years in a row

release date: Source: packaging zone editor: Yu Jia browsing times: 6822 copyright and disclaimer

core tip: since falling in love with paper ten years ago, the whole LMZ has been bad, and the group has to survive by selling the shares of CITIC Securities. It is very touching that the former Japanese chemical overlord has been reduced to this. LMZ, which once created the precedent of traditional Chinese medicine toothpaste, had a brilliant record of annual sales of 500million tubes in its heyday, but since it diversified into the paper industry and real estate, LMZ has fallen rapidly

[China Packaging News] since the bad relationship with paper ten years ago, the whole LMZ has been bad. The group has to sell the shares of CITIC Securities to survive. It is very touching that the former Japanese chemical overlord has been reduced to this

LMZ, which once created the precedent of traditional Chinese medicine toothpaste, had a brilliant record of annual sales of several 500million tubes in its heyday, but since it diversified into the paper industry and real estate, LMZ has fallen rapidly

recently, LMZ group released its 2017 annual report, and the company continued to lose 144million. Among them, Liuzhou LMZ paper products Co., Ltd. (hereinafter referred to as paper products company) lost 118 million yuan and contributed -99.78 million yuan to the net profit of listed companies. Since the bad relationship with paper ten years ago, the whole LMZ has been bad, and the group has to survive by selling the shares of CITIC Securities. The former Japanese chemical overlord - 40 ℃ ~ - 60 ℃ is about 0.7 ℃/min, which is very impressive

after having paper, deduct non net profit for 12 years

on the evening of March 29, LMZ released its 2017 performance report, with its operating revenue of 1.472 billion yuan, a year-on-year decrease of 5.74%; The net profit attributable to the shareholders of the listed company was -144 million yuan, and the net profit deducted was -153 million yuan. Among the seven major participating subsidiaries of LMZ, five are in a state of loss

as an old daily chemical enterprise, LMZ started from Chinese herbal toothpaste. It was well-known by virtue of the advertising slogan "a good tooth LMZ", and was listed in January 2004. Its current business covers five sectors: daily chemical, paper, medicine, fine chemicals and real estate. However, the performance of LMZ began to decline since the year of listing, and the non net profit deduction in the third year of listing began to be in a state of loss. From 2006 to 2017, LMZ has deducted negative non net profit for 12 consecutive years. For many years, LMZ has been "strong" in A-share market with the support of non operating earnings

according to the company's financial report data, after 2006, the company began to lose non net profit for nearly 11 years, with a loss of 27 million yuan. From 2013 to 2016, the annual deduction of non net profit loss reached more than billion yuan. In the first three quarters of this year, the deduction of non net profit loss was 71.6 million yuan. Together, the deduction of non net profit loss of LMZ in the last 11 years was as high as 1.1 billion yuan

the "paper pain if the design is poor" of LMZ

in 1985, the annual production and sales of LMZ traditional Chinese medicine toothpaste had already exceeded 100million; In 2004, the annual sales volume of LMZ traditional Chinese medicine toothpaste exceeded 500million tubes, ranking third only to crest and Colgate. In 2006, the sales volume of LMZ toothpaste reached the peak since its listing in 2004, with an operating revenue of 312 million yuan. Since then, the main business of LMZ began to decline. In 2007, the income of LMZ toothpaste reached 178million yuan. In 2011, the operating revenue of LMZ toothpaste was only 105million yuan. In the first half of 2012, the toothpaste revenue fell to 46million yuan, with a market share of less than 1%

according to media analysis, the most unwise step in the diversified development path of LMZ is to develop the papermaking business. In March, 2009, LMZ announced that it planned to invest 220million yuan to establish Liuzhou LMZ paper products Co., Ltd., of which LMZ's capital contribution and equity accounted for 84.62%. Before the reorganization, the paper mill had suffered serious losses. In 2010 after the reorganization, the loss of LMZ pulp and paper products business was as high as 23.76 million yuan; Loss of RMB 25million in 2011; In 2012, the reducer is composed of gear pairs at all levels For example, driving the big gear with the pinion can achieve the purpose of a certain reduction in speed, and then adopting a multi-stage structure can greatly reduce the speed. In the first half of the year, the loss was 26.32 million yuan

although the paper price soared in 2017, and many papermaking and paper products enterprises got out of trouble, LMZ paper industry seems to be sleeping improperly. The thermostatic timer wakes up when the required thermostatic time is displayed. The annual report shows that among the five loss making subsidiaries, Liuzhou LMZ paper products Co., Ltd. (hereinafter referred to as paper products company) has the largest loss, with a net profit loss of 118 million yuan

according to the company's annual report, the gross profit of pulp and household paper products is still low, and the scale is small, which also drags down the performance of listed companies

there is no one to pick up the tray, and the LMZ paper industry is too embarrassed.

for LMZ, papermaking and paper products seem to be ominous. Liuzhou LMZ paper products Co., Ltd. achieved a net profit of 8625.30 yuan in the first year of its establishment, but began to lose money in the second year. Liuzhou LMZ Paper Co., Ltd. began to lose money in seven figures in the first year

data show that in recent years, LMZ paper products and paper companies have suffered losses ranging from more than 70 million yuan to more than 100 million yuan. The two paper subsidiaries have always been a "burden" that has dragged down the performance of listed companies

on March 30, Wei Yuanxian, the representative of LMZ securities, asked whether the paper company would be stripped off, and the other party asked, "to whom?"? It is worth noting that LMZ once aroused investors' doubts because it stripped off its profitable subsidiary Yancheng Jiekang sucralose Manufacturing Co., Ltd. (hereinafter referred to as Jiekang company) and did not sell loss making paper companies

over the years, LMZ has entered unfamiliar fields such as papermaking and real estate, which not only suffered losses across the board, but also hindered its considerable energy and financial resources. The former king of domestic toothpaste who walked on many legs, so he stepped down from the altar step by step and was marginalized by the market...

the painful lesson of LMZ is worth thinking twice by many enterprise leaders who are preparing for cross-border robbery

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