Revenue of Youyuan International Holdings Limited for the year ended 31 December 2016 was RMB1,799.5 million ($233 million), representing an increase of approximately 5.7% from RMB1,702.7 million ($221 million) for the year ended 31 December 2015.

Tissue Paper

Youyuan International Holdings Limited improved revenue by 5.7% in 2016

Revenue of Youyuan International Holdings Limited for the year ended 31 December 2016 was RMB1,799.5 million ($233 million), representing an increase of approximately 5.7% from RMB1,702.7 million ($221 million) for the year ended 31 December 2015, as the company said in the press release received by Lesprom Network.

Profit and total comprehensive income attributable to owners of the Company increased by approximately 38.7% from RMB223.9 million ($29 million) for the year ended 31 December 2015 to RMB310.6 million ($40.3 million) for the year ended 31 December 2016.

Gross profit of the Group increased modestly to RMB554.5 million ($72 million) for the year ended 31 December 2016 from RMB497.4 million ($64.6 million) for the year ended 31 December 2015. Overall gross profit margin of the Group increased from 29.2% for the year ended 31 December 2015 to 30.8% for the year ended 31 December 2016.

Other income and other gains and losses of the Group increased from a net loss of RMB17.2 million ($2.2 million) for the year ended 31 December 2015 to a net loss of RMB65.9 million ($8.6 million) for the year ended 31 December 2016, mainly due to foreign exchange losses as a result of the appreciation of USD against RMB for the bank borrowings denominated in USD.

Youyuan International Holdings Limited is a leading wrapping tissue paper manufacturer in China.