Shandong Sunpaper (002078) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was ¥9.90 billion, down 2.82% year-over-year; net profit attributable to shareholders was ¥886 million, down 7.32% year-over-year.

• Cash flow from operating activities dropped 78.84% year-over-year to ¥124 million.

• Major capital projects in Shandong and Guangxi are progressing, with several new production lines expected to begin trial operations in late 2025 and 2026.

Financial highlights

• Operating income: ¥9.90 billion, down 2.82% year-over-year.

• Net profit attributable to shareholders: ¥886 million, down 7.32% year-over-year.

• Basic and diluted EPS: ¥0.32, down from ¥0.34 year-over-year.

• Total assets at quarter-end: ¥54.80 billion, up from ¥52.63 billion at year-end 2024.

• Shareholders’ equity: ¥29.49 billion, up 3.06% from year-end 2024.

Outlook and guidance

• New production lines in Shandong and Guangxi are expected to enter trial production in late 2025 and 2026, supporting future growth.