ZHENGYE INT'L (03363) issues earnings forecast, expecting mid-term profits attributable to shareholders to be no less than 20 million yuan.
Zhengye International (03363) announced that the Group expects to achieve a net profit attributable to company owners of no less than RMB 20 million for the six months ending June 30, 2026, compared to approximately RMB 2.33 million for the six months ending June 30, 2025. This increase is primarily due to the recovery of prices in the Chinese packaging paper industry and improvements in the export market during the first half of 2026, which led to a year-on-year increase in the average selling price of the Group's corrugated core paper products. Additionally, the Group is conducting phased upgrades to the production lines in its papermaking division, optimizing various production costs, resulting in increased profitability for the papermaking division during the period.
ZHENGYE INT'L (03363) announced that the group expects to achieve a profit attributable to the owners of the company of no less than RMB 20 million for the six months ending June 30, 2026, while the profit attributable to equity holders of the company for the six months ending June 30, 2025, was approximately RMB 2.33 million. This increase is mainly attributed to the recovery of prices in the Chinese packaging paper industry and improvements in the export market in the first half of 2026, which drove an increase in the average selling price of the groups corrugated core paper products year-on-year. Additionally, the groups phased upgrades to the production lines in the paper manufacturing segment optimized various production costs, resulting in increased profitability for that segment during the period.
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