Minfeng Special Paper (600235.SH) disclosed its 2023 annual report. The company achieved operating income of 16 during the reporting period...
According to Zhitong Finance App News, Minfeng Special Paper (600235.SH) disclosed its 2023 annual report. The company achieved revenue of 1,618 billion yuan during the reporting period, a year-on-year decrease of 3.21%. Net profit attributable to shareholders of listed companies was 467.253 million yuan, an increase of 203.35% over the previous year. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 45.3261 million yuan, an increase of 254.14% over the previous year. Basic earnings per share were 0.13 yuan/share. It is proposed to distribute a cash dividend of $0.15 (tax included) for every 10 shares.
According to reports, the main reason for the increase in net profit for the current period was the reduction in the cost of the company's main raw material, wood pulp and energy (coal) costs compared to the same period last year. As a result, the decline in operating costs exceeded the decline in operating income, and the increase in gross margin.