Minsheng Securities: It is difficult for pulp prices to fall and the volatility is increasing, and profit improvement is expected.
On the one hand, the pulp production capacity of the above-mentioned companies is relatively low, while on the other hand, paper prices have strong resilience, and profit improvement can be expected.
China Sunshine Paper Revises Supply Deal Caps
SUNSHINE PAPER: SUPPLEMENTAL AND CLARIFICATION ANNOUNCEMENTIN RELATION TO THE ANNUAL REPORTFOR THE YEAR ENDED 31 DECEMBER 2023
Sunshine Paper (02002) has cancelled a total of 64.71 million shares of repurchased shares.
Sunshine Paper (02002) announced that the company cancelled a total of 64.71 million shares on June 21, 2024...
Sunshine Paper announced the appointment of Yang Zijie as the company's secretary and authorized representative.
Sunshine Paper (02002) announced that Mr. Chen Yiping has resigned as the company secretary and the authorized representative of the company under Rule 3.05 of the Listing Rules of the Hong Kong Stock Exchange due to personal affairs, effective from June 17, 2024. Mr. Yang Zijie has been appointed as the company secretary and the authorized representative under Rule 3.05 of the Listing Rules, effective from June 17, 2024.
Sunshine Paper (02002): Yang Zijie is appointed as the company secretary and authorized representative.
Sunshine Paper (02002) announced that Mr. Chen Yiping resigned as the company secretary and the authorized representative under Rule 3.05 of the Listing Rules of The Stock Exchange of Hong Kong Limited due to personal reasons, effective from June 17, 2024. Mr. Yang Zijie has been appointed as the company secretary and authorized representative under Rule 3.05 of the Listing Rules, effective from June 17, 2024.
After four months of continuous growth, the paper sector has received “cyclical” new capital?
Is it the paper sector's turn to “wealth” brought about by the rotation of this industry?
China Sunshine Paper Holdings (HKG:2002) Strong Profits May Be Masking Some Underlying Issues
SUNSHINE PAPER: 2023 Annual Report
Zhongtai Securities: Pulp price inflection point at the end of Q2 or paper companies currently focusing on good price and cost control capabilities
According to a research report released by Zhongtai Securities, the core driver of this round of pulp growth is European demand restoration+low inventories+capacity maintenance.
China Sunshine Paper's 2023 Profit Increases
Sunshine Paper (02002) announced annual results. Profit attributable to shareholders was 393 million yuan, an increase of 91.2% over the previous year
According to the Zhitong Finance App, Sunshine Paper (02002) announced its annual results for 2023, with revenue of about 8.36 billion yuan, a year-on-year decrease of 12.4%; annual profit attributable to company owners was about 393 million yuan, an increase of 91.2% over the previous year; profit per share was 0.39 yuan. According to the announcement, in 2023, the company will adhere to a differentiated and high-end product positioning, and the business of each division will advance steadily. In fiscal year 2023, the Group sold a total of 2.03 million tons of machined paper, up 3.1% from 1.953 million tons in the same period of 2022. However, due to the general reduction in sales prices in the industry, revenue of 83 was achieved.
SUNSHINE PAPER: ANNOUNCEMENT OF RESULTSFOR THE YEAR ENDED 31 DECEMBER 2023
China Sunshine Paper Expects 2023 Profit to Surge 100%
Sunshine Paper's comprehensive profit attributable to shareholders is expected to increase by about 90% to 100% year-on-year in 2023
Sunshine Paper (02002) announced that the consolidated net profit attributable to shareholders of the Group is expected to increase by about 90% to 100% year-on-year in 2023. According to the announcement, the sharp increase in comprehensive net profit was mainly due to falling prices of bulk materials such as waste paper, wood pulp, coal, etc., and the reduction in the Group's procurement costs, leading to an increase in gross profit and gross margin; the return of expected credit losses from financial assets; a joint venture of the Group, which made a profit and lost money in 2022; and a decrease in losses shared with one of the Group's associated companies.
Sunshine Paper (02002) Fa Yingxi expects the comprehensive profit attributable to shareholders to increase by about 90% to 100% year-on-year in 2023
Zhitong Finance App News, Sunshine Paper (02002) announced that the group's net comprehensive profit attributable to shareholders in 2023 is expected to increase by about 90% to 100% year-on-year. According to the announcement, the sharp increase in comprehensive net profit was mainly due to falling prices of bulk materials such as waste paper, wood pulp, coal, etc., and the reduction in the Group's procurement costs, leading to an increase in gross profit and gross margin; the return of expected credit losses from financial assets; a joint venture of the group, which made a profit and lost money in 2022; and a decrease in losses shared with one of the Group's associated companies.
SUNSHINE PAPER: POSITIVE PROFIT ALERT
Sunshine Paper (02002.HK) held a board meeting on March 28 to approve annual results
Gelonghui March 15 | Sunshine Paper (02002.HK) announced that the board of directors meeting will be held on March 28, 2024 (Thursday) to approve (including) the final results of the company and its subsidiaries for the year ended 31 December 2023 and consider the proposal to declare a final dividend (if any).
SUNSHINE PAPER: NOTICE OF BOARD MEETING
Changes in Hong Kong stocks | Sunshine Paper (02002) rose more than 6%, leading paper companies in the paper industry started a new round of price increases, and cultural paper performance can be expected during the peak season in March
Paper stocks generally rose. As of press release, Sunshine Paper (02002) rose 6.15% to HK$1.9; Nine Dragons Paper (02689) rose 5.5% to HK$3.45; and Lee & Man Paper (02314) rose 2.3% to HK$2.22.
No Data