600793.SH announced its semi-annual performance forecast for 2023. According to the preliminary calculation of the company's financial department, it is expected that the net profit attributed to shareholders of listed companies in the first half of 2023 will be about 32 million yuan, compared with the same period last year (statutory disclosure data), there will be a loss. It is estimated that the net profit of shareholders belonging to listed companies after deducting non-recurring profits and losses in the first half of 2023 is about 39 million yuan.
From January to June in 2023, the market demand of the paper industry was weak and the new production capacity was put into operation on a large scale, which led to the imbalance between supply and demand in the industry, the price of paper products continued to fall, and the average selling price of the current period was lower than that of the same period last year. At the same time, although the prices of major raw materials declined somewhat, due to the impact of the procurement cycle, the inventory cost of raw materials in the first half of 2023 was still high, and the production cost was higher than that in the same period last year, resulting in a significant decline in the performance of the current period.