Shandong Chenming Paper announced that the net income attributable to shareholders of the listed company in the first half of 2024 is expected to be...
Shandong Chenming Paper announced that the expected net profit attributable to shareholders of the listed company in the first half of 2024 is RMB 20-30 million yuan, turning losses into profits year-on-year; the expected non-GAAP net profit is about RMB 2.6-2.8 billion yuan, also turning losses into profits year-on-year.
The performance change is mainly due to the year-on-year decrease in prices of major raw materials such as wood chips, pulp and energy during the reporting period; at the same time, the company strengthens cost control, improves production capacity utilization, strengthens sales management, and increases the production and sales volume of pulp and paper on a year-on-year basis, and the unit cost of production decreases year-on-year. The company further focuses on the development of the pulp and paper main business, continuously optimizes asset structure, improves asset quality, and enhances the company's profitability. Non-main business assets such as hotels were disposed of during this reporting period, generating approximately RMB 0.24 billion in non-recurring gains and losses.
In addition, with the continuous efforts of national macroeconomic policies and the gradual recovery of downstream demand, the industry's business climate is gradually improving; at the same time, the company will continue to reduce costs and increase efficiency through strengthening cost control, improving operating efficiency, increasing the disposal of non-main business assets, and further improving the company's profitability.
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