Canfor Pulp Products Inc. (CFX.UN) 2015年年度报告「TSX」.pdf

1、CANFOR PULP PRODUCTS INC.ANNUAL REPORT 2015C ANFO R PU LP PR O D UC T S IN C.ANNU AL R E PO R T2 0 1 5CPPI is a leading global supplier of pulp and paper products with operations inthe central interior of British Columbia(“BC”)employing approximately 1,300people throughout the organization.Canfor Pu

2、lp owns and operates three millsin Prince George,BC with a total capacity of 1.1 million tonnes of PremiumReinforcing Northern Bleached Softwood Kraft Pulp and 140,000 tonnes of kraftpaper,as well as one mill in Taylor,BC with an annual production capacity of220,000 tonnes of Bleached Chemi-Thermo M

3、echanical Pulp(“BCTMP”).CanforPulp is the largest North American and one of the largest global producers ofmarket NBSK Pulp.CPPI shares are traded on The Toronto Stock Exchangeunder the symbol CFX.FINANCIAL HIGHLIGHTSCOMPANY OVERVIEW20152014Sales and income(millions of Canadian dollars)Sales$980.5Op

4、erating income$143.2$125.4Net income$106.6$89.5Per common share(Canadian dollars)Net income attributable to equity shareholders of the Company$1.52$1.26Book value$6.96$6.92Share priceHigh$17.02$14.70Low$10.11$9.89Close-December 31$13.53$14.56Financial position(millions of Canadian dollars)Working ca

5、pital$163.9$179.2Total assets$841.3$827.4Net debt(cash)$32.5$(26.8)Common shareholders equity$479.7$489.6Additional information1Return on invested capital-consolidated23.0%19.6%Ratio of current assets to current liabilities 2.1:1 2.5:1Ratio of net debt to capitalization6.3%(5.8)%Operating income bef

6、ore amortization(millions of Canadian dollars)$208.4$188.1Operating income before amortization margin17.7%19.2%Capital expenditures(millions of Canadian dollars)$68.3$57.7(1)See Definitions of Selected Financial Terms on page 57.WWW.CANFOR.COM$1,174.7The completion of a 32-MW turbine generator atInt