Jingxing Paper's Q1 revenue declines, net profit plunges

Zhejiang Jingxing Paper Joint Stock Co., Ltd. (SZSE:002067) reported a revenue of CNY 1,189,302,584.84 for the first quarter of 2025, a 6.01% decrease compared to the CNY 1,265,318,360.73 reported in Q1 2024. The net profit attributable to shareholders plummeted to a loss of CNY 23,422,336.29, a stark contrast to the CNY 21,604,006.71 profit reported in the previous year. Cash flow from operating activities also turned negative, recording an outflow of CNY 296,990,808.25. Basic and diluted earnings per share both stood at -CNY 0.02, down from CNY 0.02 in Q1 2024. The company attributed the decline to factors including increased costs of goods purchased and a loss on fixed asset disposal.