Hengfeng Paper reports strong half-year growth, plans major acquisition

Mudanjiang Hengfeng Paper Co., Ltd. announced significant financial and strategic developments for the first half of 2025. The company reported a 12.78% increase in operating revenue to 1,353,286,955.21 yuan and a 69.06% rise in net profit attributable to shareholders, reaching 94,936,742.56 yuan. This robust performance is attributed to increased sales, optimized product mix, and improved cost management.

In a strategic move, the board of directors approved the acquisition of 100% equity in Sichuan Fuhua Bamboo Pulp Paper Group Co., Ltd. (Sichuan Jinfeng) and Zhang Hua’s interest in Sichuan Jinfeng for 26,805.62 million yuan, to be settled through the issuance of 32,025,829 shares. The Shanghai Stock Exchange accepted the acquisition application on June 27, 2025, and an inquiry letter was issued on July 9, 2025, for which a response extension has been requested until August 9, 2025.

Additionally, the board approved the 2025 semi-annual report and summary, affirming its commitment to the newly established tenure and contractual management system. The company aims to strengthen its core specialty paper business through technological innovation and sustainable growth initiatives, including digital transformation and green development.