Gelonghui, April 8 | Chenming Paper (000488.SZ) announced its results forecast for the first quarter of 2024. Net profit attributable to shareholders of listed companies during the reporting period was 50 million yuan to 70 million yuan, loss of 275.41 million yuan for the same period last year; net profit loss after deducting non-recurring profit and loss of 220 million yuan to 240 million yuan, loss of 327.89 million yuan for the same period last year; basic earnings per share 0.017 yuan/share — 0.024 yuan/share.
During the reporting period, prices of major raw materials and energy such as wood chips and wood pulp decreased year on year; at the same time, the company further optimized production process, improved production efficiency, and strengthened marketing. Pulp and paper production and sales increased year on year, and the company's efficiency turned losses into profits.
The company further focuses on the development of the main pulp and paper industry, continuously optimizes the asset structure, improves asset quality, and enhances the company's profitability. The disposal of non-main business assets during the reporting period resulted in non-recurring profit and loss of 23 to 250 million yuan.