Hengfeng Paper's profit up 34.76% in first nine months of 2025

Mudanjiang Hengfeng Paper Co., Ltd. announced a net profit attributable to shareholders of CNY 148,281,820.50 for the first nine months of 2025, a 34.76% increase compared to the same period last year. Total operating revenue for the period reached CNY 2,038,897,070.32, up 6.29% year-over-year. The company's total assets grew by 6.53% to CNY 3,699,420,738.53 by the end of the third quarter.

The company's profit growth was primarily attributed to an increase in operating income and a decrease in the average price of main raw materials. This led to a significant 38.29% rise in net profit attributable to shareholders after deducting non-recurring gains and losses, totaling CNY 132,249,786.81. However, operating cash flow decreased by 37.55% to CNY 153,995,632.25, mainly due to an increase in cash paid for goods purchased exceeding the cash inflow from product sales.