According to the Zhitong Finance App, Sunshine Paper (02002) announced its annual results for 2023, with revenue of about 8.36 billion yuan, a year-on-year decrease of 12.4%; annual profit attributable to company owners was about 393 million yuan, an increase of 91.2% over the previous year; profit per share was 0.39 yuan.
According to the announcement, in 2023, the company will adhere to a differentiated and high-end product positioning, and the business of each division will advance steadily. In fiscal year 2023, the Group sold a total of 2.03 million tons of machined paper, up 3.1% from 1.953 million tons in the same period of 2022. However, due to the general reduction in sales prices in the industry, revenue of 8.36 billion yuan was achieved, a year-on-year decrease of 12.4%. Faced with a complex market environment and fierce market competition, the company continued to improve its management capabilities and achieved annual profit attributable to owners of 393 million yuan, an increase of 91.2% over the previous year.