Interim Report 2020

二零二零年中期報告 35 合豐集團控股有限公司 管理層討論及分析 （續） 展望 集團預期二零二零年下半年環球經濟 繼續受新冠肺炎疫情影響，中國經濟 也會繼續受到中美貿易戰的衝擊，而 中國市場對瓦楞包裝的需求比二零二 零年上半年多，但比去年同期少。然而 集團深信中國政府必定能推出有效的 政策及措施來抵禦其影響，期望能帶 動中國經濟平穩增長，從而帶動對瓦 楞包裝的需求。 集團已積極籌備於東南亞同一地點租 用新廠房安裝另一條新的紙漿生產 線，廠房正在興建中，預計生產線將 於二零二零年年底投入生產，屆時可 完全滿足上游業務的原材料需要。此 舉將一小部分生產工序轉移到海外處 理，除了可符合中國政府之進口規定 外，也將會使集團的生產量及業務重 回正軌。 集團承諾會繼續爭取在價格上的主導 性，把經營成本合理地轉嫁予客戶，並 繼續以提升生產效率、增加銷量、降低 原料損耗及能源消耗為目標，以抵抗 成本上漲的壓力，使集團之盈利有長 遠穩定的增長。 MANAGEMENT DISCUSSION AND ANALYSIS (continued) OUTLOOK The Group expects a still subdued global economy in the second half of 2020 due to the COVID-19 pandemic, and the Chinese economy to remain impacted by the ongoing Sino-US trade war, with Chinese market demand for corrugated packaging ahead of levels seen in the first half of 2020 but below second half 2019 levels. That said, the Group remains confident that the Chinese government will implement effective mitigating policies and measures. We remain hopeful that the Chinese economy can achieve stable growth and hence lift demand for corrugated packaging. The Group is active in preparing to lease new plant at our location in Southeast Asia to install another new pulp production line. That plant is currently under construction and production is due to start by the end of 2020, and this would allow us to fully meet the Group’s upstream raw materials requirements. The removal of a small portion of our production process overseas lets the Group meet Chinese government import requirements and normalize the Group’s production volume and business. The Group promises to remain proactive in our pricing, reasonably transferring our operating costs to our customers. We promise that we will continue to target to improve production efficiency, increase our sales volume, reduce raw materials wastage and energy use, in order to offset the impact of rising costs, and endeavor to steadily improve the Group’s profitability over the long term.