Orient Paper’s total revenue in the 4Q 2014 was $32.7 million, a decrease of 7.1% from $35.2 million in the prior year period. The revenue decline was mostly due to the absence of sales of digital photo paper because those production facilities are being relocated, and the decline in the volume of offset printing paper sold.

Orient Paper’s 4Q revenue decreased by 7.1%, to $32.7 million

18:22 / April 10, 2015

Apr 13, 2015. /Lesprom Network/. Orient Paper’s total revenue in the 4Q 2014 was $32.7 million, a decrease of 7.1% from $35.2 million in the prior year period. The revenue decline was mostly due to the absence of sales of digital photo paper because those production facilities are being relocated, and the decline in the volume of offset printing paper sold, as the company said in the press release received by Lesprom Network.

Income from operations was $3.6 million for the 4Q 2014, down 32.6% from $5.3 million in the 4Q 2013.

4Q net income was $2.2 million, down 36.7% from $3.5 million in the 4Q 2013. Basic and diluted earnings per share for the 4Q 2014 were $0.11, compared to $0.19 for the corresponding period of 2013.

4Q Earnings before interest, taxes, depreciation and amortization ("EBITDA") were $6 million, down from $7.1 million in the 4Q 2013.

Total revenue in 2014 was $137 million, an increase of 9.0% from $125.7 million in 2013.

Net income was $11.7 million, down 10.1% from $13 million in 2013. Basic and diluted earnings per share were $0.61, compared to $0.71 in 2013.

FY 2014 EBITDA was $25.7 million, down from $26.9 million in 2013.

Mr. Zhenyong Liu, Chairman and CEO of Orient Paper, commented, "We are gratified report another year of volume and revenue growth despite very challenging industry conditions in our region. Due to solid execution in ramping up our Regular CMP production line and market acceptance of our new Light-Weight CMP product, we increased revenue by 9% from 2013. We achieved this growth despite production interruptions created by various government mandates related to zoning in Xushui and the APEC Summit in November. Our ability to manage a tough policy environment gives us great optimism for the year ahead."

Mr. Liu continued, "In 2015 we anticipate several positive influences on our business. We expect CMP pricing to stabilize or even improve, since more small-scale manufacturers will be forced to shut down obsolete production lines, reducing overall industry capacity. We expect sales of our new Light-Weight CMP to continue to increase. The production of household tissue paper and digital photo paper are scheduled to begin in the second half of 2015."

Orient Paper, Inc. is a leading paper manufacturer in North China. Using recycled paper as its primary raw material, Orient Paper produces and distributes three categories of paper products: corrugating medium paper, offset printing paper, and other paper products, including digital photo paper.

Lesprom Network

Orient Paper’s 4Q revenue decreased by 7.1%, to $32.7 million

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