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Shandong Sun Paper (002078): Profitability in the fourth quarter is under short-term pressure, looking forward to capacity release driving growth.
Revenue slightly decreased in the fourth quarter, with profits under short-term pressure, in line with the performance forecast. In 2024, the company achieved revenue of 40.73 billion, +2.99%, and net income attributable to shareholders of 3.1 billion, +0.50%, with net income attributable to shareholders excluding non-recurring items at 3.23 billion.
SUN PAPER(002078):RESULTS AS PREANNOUNCED; EXPECTED FURTHER EARNINGS IMPROVEMENT IN 1H25
Wuzhou Special Paper Group and Shandong Sun Paper had strong performances at the beginning of last year but declined later. The drop in raw material prices may drag down this year's papermaking market | Interpretations
① Due to the decline in paper prices last year, the annual profits of the two paper companies started high but ended low; ② Wuzhou Special Paper's performance was slightly below institutional expectations, while Shandong Sun Paper met expectations; ③ In Q1 of this year, the papermaking gross profit showed slight recovery, but in Q2, the decline in raw material prices may drive down market conditions.
Shandong Sunpaper 2024 Profit Flat; Shares Rise 3%
Shandong Sun Paper (002078): The performance in Q4 2024 meets expectations, the integration process of pulp and paper is accelerating.
Event: On April 9, 2025, Shandong Sun Paper released its 2024 annual report. In 2024, the company achieved a total revenue of 40.727 billion yuan (+2.99%) and a net income of 3.101 billion yuan (+0.5.
Sun Paper: 2024 Annual Report Summary