Sun Paper reports solid 2024 preliminary earnings

Shandong Sun Paper (SZSE:002078) released its preliminary financial results for 2024, showcasing a 3.02% increase in total operating revenue to RMB 40.74 billion. Operating profit rose significantly by 9.72% to RMB 3.62 billion, while total profit increased by 8.35% to RMB 3.60 billion. Net profit attributable to shareholders of the listed company saw a modest increase of 1.29%, reaching RMB 3.13 billion. Basic earnings per share edged up to RMB 1.1184. The company's total assets grew by 4.36% to RMB 52.75 billion. Shareholder equity attributable to listed companies also increased by 9.93% to RMB 28.64 billion. The weighted average return on net assets slightly decreased by 1.17% to 11.42%. The company's overall production and operation remained stable during the reporting period, driven by new capacity and improved cost controls.