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Improved Earnings Required Before Shandong Sunpaper Co., Ltd. (SZSE:002078) Shares Find Their Feet
Shandong Sunpaper (SZSE:002078) Has A Somewhat Strained Balance Sheet
Research Reports Treasure Hunt | CICC: Maintains Shandong Sun Paper's "Outperforming the Industry" rating, with a Target Price of 18 yuan implying a 32% upside potential.
The Research Reports from China International Capital Corporation indicate that Shandong Sun Paper (002078.SZ) experienced a slight decline in performance in Q4 2024 due to low paper prices and the relocation of dissolving pulp. The outlook is Bullish for performance improvement in Q1-Q2 2025. Additionally, considering that the second quarter is a peak season for cultural paper bidding and the company expects to complete the relocation of dissolving pulp by April, the outlook for Q2 2025 is Bullish for the company's quantity and price benefits to recover sequentially. It is worth mentioning that this relocation and technological transformation may fully utilize the advantages of the Beihai region in Guangxi, with costs, especially in the wood chip segment, likely to decrease further, while the technological transformation is also expected to enhance production and sales levels. In the medium to long term, the outlook is Bullish for the company due to clearer cost structures.
Sun Paper: 2024 Annual Results Report
Shandong Sun Paper (002078.SZ) performance announcement: For the fiscal year 2024, the net income attributable to shareholders is 3.126 billion yuan, an increase of 1.29% year-on-year.
On February 26, Gelonghui reported that Shandong Sun Paper (002078.SZ) announced its performance report for the year 2024. In 2024, the company achieved a total operating revenue of 40.739 billion yuan, a year-on-year increase of 3.02%; an operating profit of 3.617 billion yuan, a year-on-year increase of 9.72%; total profit of 3.597 billion yuan, a year-on-year increase of 8.35%; net income attributable to shareholders of the listed company was 3.126 billion yuan, a year-on-year increase of 1.29%; net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was 3.263 billion yuan, a year-on-year increase of 7.81%; the basic EPS was 1.1.
信达证券: With the rise of pulp and paper, profit improvement can be expected. It is recommended to pay attention to Shandong Sun Paper (002078.SZ) and others.
According to Cinda Securities, considering the limited new production capacity of global pulp in 2025 and the increase in domestic self-made pulp mainly being mechanical pulp, it is expected that there is still upward space for pulp prices.
Shandong Sunpaper (SZSE:002078) Will Be Hoping To Turn Its Returns On Capital Around
