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Sun Paper Achieved Revenue Of 5.64 Billion In The Third Quarter And A Net Profit Of 570 Million!

Oct 31, 2018

太阳纸业

Sun Paper's latest 2018 report released on October 30 shows that revenue in the first three quarters was 16.11 billion yuan, up 17.54% year-on-year; net profit attributable to mothers was 1.8 billion yuan, up 31.09% year-on-year. In terms of quarterly, 2018Q3 revenue was 5.64 billion yuan, up 12.5% year-on-year; net profit at home was 570 million yuan, up 14.82% year-on-year.

 

Sun Paper's latest 3018 report released on October 30 showed that revenue in the first three quarters was 16.11 billion yuan, up 17.54% year-on-year; net profit attributable to mothers was 1.8 billion yuan, up 31.09% year-on-year; The increase was 30.66%. In terms of quarterly, 2018Q3 revenue was 5.64 billion yuan, up 12.5% year-on-year; net profit at home was 570 million yuan, up 14.82% year-on-year.


At the same time, Sun Paper released its 2018 performance forecast. It is estimated that the company's net profit for the full year of 2018 will be 2.227 billion yuan to 2.632 billion yuan, compared with 2.024 billion yuan in the same period of last year, an increase of 10% to 30%. The company stated that the above predictions are based on the following reasons:


The company's new project capacity was released, and the price of major products increased year-on-year. Therefore, revenue and product gross profit margin increased compared with the same period of last year, which promoted the company's performance growth.


In the same period, the four pulp press rolls from Sun Paper Holdings Laos Co., Ltd. will be delivered at the end of November 2018, which also indicates that the cooperation between Maxtor Machinery and the Sun Paper will go from domestic to international market.


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