Every day earn more than 1 billion by selling votive paper to serve the underworld

The amount of paper that burns ashes for the afterlife of this company has reached more than 5,000 tons.

Only serving the burning of ballots according to community custom, Yen Bai Forestry Agro-Food Products Joint Stock Company (code stock CAP) make a lot of money. The amount of paper that burns ashes for the afterlife of this company has reached more than 5,000 tons.

In particular, the Yen Bai Agricultural Forestry Products Joint Stock Company has just released a report finance The whole year 2018 showed steady growth of this company, whose main industry is serving the underworld.

The more people burn vows to serve the underworld, the more Yen Bai’s business grows – Photo: Internet

Thus, Yen Bai’s after-tax income and profit amounted to 388 and 34 billion dong, respectively. So every day this company generates more than 1 billion. This growth is very good when compared to 2017 with revenues of 272 billion dong and net profit of 15 billion dong.

The company’s predecessor was the Yen Bai Paper Mill, founded in 1972 and equivalent in 2004. In 2018, Yen Bai set a revenue target of VND 320 billion, which is expected to consume 5,800 tons.

Yen Bai Forestry Agricultural Products Joint Stock Company specializes in the production and trading of votive paper and votive paper. On the VN stock exchange, it is considered the only company dealing with this rather specific product. In particular, the company’s votive products are mainly manufactured to serve the Taiwan market.

The business results report shows that last year alone, ballots and paper soles generated revenue of 168 billion dong and after-tax profit of 14.6 billion dong. It is also one of the companies that pay cash dividends regularly with a bonus rate of 30%-40%/year.