Shandong Sunpaper (002078) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 was ¥9.82 billion, down 6.01% year-over-year, with net profit attributable to shareholders at ¥719.5 million, up 2.68% year-over-year.

• Year-to-date revenue reached ¥28.94 billion, a 6.58% decrease from the same period last year, while net profit attributable to shareholders was ¥2.50 billion, up 1.66% year-over-year.

• Cash flow from operating activities for the first nine months was ¥3.32 billion, down 42.78% year-over-year.

Financial highlights

• Gross margin and operating profit details not explicitly stated, but net profit margin improved slightly year-over-year.

• Basic and diluted EPS for Q3 were both ¥0.2575, up 2.67% year-over-year; year-to-date EPS was ¥0.89, up 1.14%.

• Total assets at quarter-end were ¥57.85 billion, up 9.92% from year-end 2024; shareholders’ equity was ¥30.15 billion, up 5.38%.

• Weighted average ROE for Q3 was 2.50%, down 0.18 percentage points year-over-year.

Outlook and guidance

• Major capital projects underway, including new specialty paper, chemical pulp, and packaging paper lines in Shandong and Guangxi, with phased commissioning through 2026.

• Investment in new production capacity aims to enhance competitiveness and meet market demand.