Reported 11 months ago
Yongfengshi is expected to see a thriving operation this year, with the introduction of new paper machines investing 1 billion yuan to increase capacity by 20%-30%. The company has completed new product capabilities and new channel layout, aiming to boost revenue momentum in the second half of the year. Chairman Ho Yida mentioned a focus on sustainable operations, developing more functional products to meet consumer demands. With the recent increase in revenue by 5.87% in the first five months of this year, Yongfengshi is anticipated to achieve significant growth in revenue for the whole year, driven by expanded production, new product market expansion, and economic recovery. Yongfengshi's investment in new paper machines is expected to contribute to operational momentum as they expand globally and focus on competitive production costs.
Source: YAHOO