This document provides a summary of a report on the beaverboard market in China published by Beijing Zeefer Consulting Ltd. in February 2011. The report discusses the size and major players of the Chinese beaverboard market, as well as trends in production, imports/exports, market share and regional hotspots. It analyzes data on industry sales revenue, production volumes and key statistics to provide an overview of the current state and profitability of the Chinese beaverboard industry. The report also lists contact information for the top 10 beaverboard enterprises in China and relevant industry standards.

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CHINA
BEAVERBOARD
MARKET PROFILE
Beijing Zeefer Consulting Ltd.
February 2011

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INTRODUCTION
This report discusses the beaverboard market in China mainly from the
following sections.
- Size of Beaverboard Market in China
Based on Zeefer's China Market Size Formula, by the analysis on China
beaverboard market size, industry sales revenue and domestic beaverboard
output in 2007 - 2009, this report presents a picture of the real development of
beaverboard market in China and changes in the overall market size.
- Hot Areas of China Beaverboard Market
Based on the comparison and analysis on China's beaverboard production
and import in different provinces or cities, this report points out those hot
areas in China for beaverboard market deserve most attention.
- Top 10 Enterprises in China Beaverboard Industry
Based on the comparison and analysis on top 10 leading enterprises in China
beaverboard industry in terms of sales revenue, market share and number of
employees, the report shows their positions in the beaverboard market in
China. Additionally, this report lists basic contact information of the top 10
leading enterprises.
- Market Share and Market Structure of China Beaverboard Market
This report analyzes the beaverboard market share distribution in China by
segments based on enterprises nature (leading enterprises, foreign enterprises,
state-owned and private enterprises), imports of beaverboard product and
regional markets in China in terms of sale revenue, profitability, production
volume, number of enterprises and the value of imports... The report offers
data on the market shares of imported beaverboard products, foreign
enterprises and enterprises in other forms. It also offers a comparison of
profitability by forms of enterprise ownership, presents a picture of the
market share of leading enterprises and the distribution of major regional
markets in China. In addition, the report figures out the structure and

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concentration ratio of the current beaverboard market in China by means of
Bain's Market Structure Classification and Index of CR4.
- Import and Export of Beaverboard Products
In this section, the report includes the main source countries / regions of
imported beaverboard products for China and their market shares, the
domestic destinations of imported beaverboard products in China and shares
for these destinations, major export destinations (countries or regions) for
Chinese produced beaverboard products and shares of these destinations,
major origins of the exported beaverboard products and their shares.
- Beaverboard Industry Standards in China
The report lists relevant national standards and/or industrial standards
concerning beaverboard products generally accepted in the beaverboard
industry in China, including standard names both in Chinese and English as
well as their unified code numbers.
- Major Beaverboard Importers in China
The report lists 10 major importers for beaverboard products in China and
provides their contact information such as company name, address, website,
telephone number and fax number.
- Summary on Key Statistics of the Beaverboard Industry in China
Based on the concise analysis on the sales revenue, production volume,
number of enterprises, total profit, total loss, total assets, return on the asset
and profit margin as well as other key statistics, China Beaverboard Market
Profile presents the current situation, the growth rate and profitability of the
beaverboard industry in China.

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DECLARATION
Beijing Zeefer Consulting Ltd. and (or) its affiliates (hereafter, "Zeefer")
provide this report with the greatest possible care. Nevertheless, Zeefer makes
no guarantee whatsoever regarding the accuracy, utility, or certainty of the
information in this report. Further, Zeefer disclaims any and all responsibility
for damages that may result from the use or non-use of the information in this
report.
The information in this report may be incomplete and/or may differ in
expression from other information in elsewhere by other means. The
information contained in this report may also be changed or removed without
prior notice.

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CONTENT
CHAPTER 1 PRODUCT DEFINITION.................................................................1
CHAPTER 2 MARKET SIZE ...................................................................................2
2.1 ANALYSIS ON THE BEAVERBOARD MARKET SIZE ................................................2
2.2 ANALYSIS ON THE CHANGES IN BEAVERBOARD PRODUCTION VOLUME
IN RECENT YEARS ..................................................................................................................4
2.3 AN OVERVIEW ON CHINESE ECONOMY ..................................................................5
CHAPTER 3 HOT SPOTS FOR BEAVERBOARD PRODUCTS ACROSS
CHINA .........................................................................................................................9
CHAPTER 4 INDUSTRY OVERVIEW................................................................11
4.1 A SUMMARY ON THE INDUSTRY...............................................................................11
4.2 AN ANALYSIS ON THE PROFITABILITY OF THE INDUSTRY..............................12
CHAPTER 5 ANALYSIS ON IMPORT & EXPORT .........................................15
5.1 AN OVERVIEW ON THE IMPORT & EXPORT...........................................................15
5.2 A DETAILED ANALYSIS ON IMPORT & EXPORT OF BEAVERBOARD
PRODUCTS ..............................................................................................................................16
5.2.1 ANALYSIS ON MAJOR COUNTRIES OF ORIGIN FOR THE IMPORTED
BEAVERBOARD PRODUCTS...........................................................................................16
5.2.2 ANALYSIS ON THE MAJOR FLOW DESTINATIONS INSIDE CHINA.............18
5.2.3 ANALYSIS ON MAJOR EXPORT DESTINATIONS..............................................19
5.2.4 ANALYSIS ON MAJOR ORIGINS IN CHINA ........................................................20
CHAPTER 6 THE MARKET SHARE...................................................................22
6.1 ANALYSIS ON THE CONCENTRATION OF CORPORATE SALES REVENUE...22
6.1.1 ANALYSIS ON THE CONCENTRATION OF SALES REVENUE FROM
LEADING ENTERPRISES ..................................................................................................22
6.1.2 COMPARATIVE ANALYSIS ON SALES REVENUE FROM TOP 10
ENTERPRISES WITH INDUSTRY AVERAGE ................................................................24
6.2 ANALYSIS ON THE CONCENTRATION BY AREA IN TERMS OF THE MARKET
SHARE ......................................................................................................................................26
6.2.1 ANALYSIS ON CONCENTRATION OF REGIONAL SALES REVENUE ...........26
6.2.2 ANALYSIS ON THE CONCENTRATION OF REGIONAL PRODUCTION
VOLUME ..............................................................................................................................27
6.3 MARKET POSITION OF FOREIGN ENTERPRISES AND THE TREND IN
RECENT YEARS ......................................................................................................................29
6.3.1 CHANGES IN THE SHARES OF FOREIGN ENTERPRISES IN TERMS OF THE
NUMBERS AND THE COMPARISON OF FOREIGN ENTERPRISES AND
ENTERPRISES OF OTHER OWNERSHIP .......................................................................29
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6.3.2 CHANGES IN THE SHARES OF SALES REVENUE FROM FOREIGN
ENTERPRISES AND COMPARISON WITH THAT FROM ENTERPRISES OF
OTHER OWNERSHIP.........................................................................................................31
6.3.3 PROFITABILITY OF FOREIGN ENTERPRISES AND COMPARISON WITH
ENTERPRISES OF OTHER OWNERSHIP .......................................................................33
6.4 ANALYSIS ON THE MARKET SHARE OF IMPORTED PRODUCTS AND
RELEVANT VARIATIONS IN RECENT YEARS ...............................................................35
CHAPTER 7 TOP 10 ENTERPRISES ...................................................................37
7.1 DARE TECHNOLOGY GROUP CO., LTD....................................................................37
7.2 WENZHOU TIMBER GROUP.........................................................................................37
7.3 SHANDONG HEYOU GROUP CO., LTD.....................................................................38
7.4 JIANGSU DONGDUN WOOD INDUSTRY GROUP ..................................................39
7.5 TALSHOX FEICHENG INDUSTRY CO., LTD. ............................................................39
7.6 KAIFENG WOOD-BASED PANEL CORPORATION .................................................40
7.7 QINGYUAN CITY WEILIBANG WOOD INDUSTRY CO., LTD...............................41
7.8 DARE WOOD INDUSTRY (JIANGXI) CO., LTD. ........................................................41
7.9 JIANGXI LVZHOU PANEL CO., LTD...........................................................................42
7.10 HUBEI BAOYUAN GROUP CO., LTD. .......................................................................43
CHAPTER 8 PRODUCT STANDARD SYSTEMS............................................44
CHAPTER 9 LIST OF MAJOR IMPORTERS.....................................................45
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CHAPTER 3
HOT SPOTS FOR
BEAVERBOARD PRODUCTS
ACROSS CHINA
Figure 5 Nationwide distribution map of beaverboard mfg. enterprises above designated
size across China
Heilongjiang
16
Jilin
11
Inner Mongolia
8 Liaoning
Xinjian 18
Hebei Beijing
10
<4
21 Tianjin
Shanxi <4
Ningxia < 4 Shandong
<4
Qinghai 74
Gansu Henan Jiangsu
Shaanxi 53 Anhui 34
Tibet Shanghai
Hubei 28
Sichuan 26 Zhejiang
30 4 20
Chongqing Jiangxi
Hunan
17 Fujian
Guizhou 17
<4 28
1-8 1
9 Yunnan Guangdong 9
15 Guangxi
48
10-19 41 10
20-49 20
50+ 50
Hainan
<4
Shandong, Henan, and Guangdong are the major production bases for
beaverboard in China. From Jan. to Nov. 2009, enterprises engaged in
beaverboard production above designated size in the above three areas added
up to 175 firms, accounting for about 33.02% of all beaverboard producers
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6.3 MARKET POSITION OF FOREIGN
ENTERPRISES AND THE TREND IN RECENT
YEARS
6.3.1 CHANGES IN THE SHARES OF FOREIGN
ENTERPRISES IN TERMS OF THE NUMBERS AND THE
COMPARISON OF FOREIGN ENTERPRISES AND
ENTERPRISES OF OTHER OWNERSHIP
Figure 18 Changes in the percentage of numbers of foreign beaverboard mfg. enterprises
across China and the comparison of foreign enterprises and enterprises of other
ownership
2007 2008 2009
全国 Percentage of foreign enterprises
434 Changes496
in the percentage of530
Foreign-funde s of the num ber of 53
in term num bers of foreign-funded
59 57
enterprises in 2009 enterprises
Others type of ownership 473
Private 221 260 290rivate
30%
Foreign-funde 53 32% 59 31% 57 nded
Joint-equity 10.75% 20 22 25
5% 4% 5%
Others 140 12%
15512% 158
11%
Private 51% 52% 55%
Foreign-funde 12% 12% 11%
89.25%
Joint-equity 5% 4% 55%
5%
51% 52%
Others 32% 31% 30%
2007 2008 2009
Private Foreign-funded
Foreign-funded Others type of ow nership Joint-equity Others
In 2009, among the 530 beaverboard mfg. enterprise above designated size
across China, 57 are foreign enterprises, accounting for about a share of
10.75% of all. In terms of the number of enterprises, there were 2 foreign
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