C&S Paper Co Ltd

C&S Paper has released its semi-annual report for 2026, achieving operating revenue of 4.41 billion yuan, up 1.85% year on year. Net profit attributable to shareholders of the listed company was 225 million yuan, up 50.13% year on year. The company plans not to distribute cash dividends, not to issue bonus shares, and not to convert capital reserve into share capital. Net profit in the second quarter was 123 million yuan, and net profit in the first quarter was 103 million yuan, with second-quarter net profit up 19% quarter on quarter.

C&S Paper has issued an announcement, expecting net profit attributable to the parent for the first half of 2026 to be between 220 million and 230 million yuan, representing a year-on-year increase of 46.52% to 53.18%. Over the same period, net profit after deducting non-recurring items is expected to be between 218 million and 228 million yuan, up 48.37% to 55.18% year-on-year. The company stated that steady business growth was driven by lower raw material costs and manufacturing costs, which led to continuous improvement in overall gross profit margin, while cost reduction and efficiency enhancement measures boosted overall profitability. In the first quarter of 2026, the company achieved revenue of 2.198 billion yuan and net profit attributable to the parent of 103 million yuan.