Shandong Sunpaper (002078) H2 2025 earnings summary

Executive summary

• Maintained strategic focus and value-driven operations amid a challenging global environment, reinforcing market position and integrated industrial chain layout.

• Achieved steady improvement in value creation and sustainability, with innovation and resilience as core strengths.

Financial highlights

• 2025 revenue was ¥39.19 billion, down 3.77% year-over-year; net profit attributable to shareholders was ¥3.25 billion, up 4.82%.

• Operating cash flow was ¥4.96 billion, down 41.69% year-over-year.

• Total assets at year-end were ¥58.59 billion, up 11.33% from the previous year.

• Basic and diluted EPS were both ¥1.16, up 4.50% year-over-year.

• Gross margin for main business was 15.54%.

Outlook and guidance

• 2026 is positioned as a year of transformation and efficiency improvement, focusing on innovation, digitalization, and green development.

• Plans to enhance product competitiveness, optimize resource allocation, and strengthen risk management.