Huatai Shares released its 2026 half-year report, with net profit attributable to the parent company of 18.89 million yuan, down 72.07% year on year. Operating revenue was 6.211 billion yuan, down 3.10% year on year. Net profit attributable to the parent company excluding non-recurring items was a loss of 1.98 million yuan, swinging from profit to loss compared with the same period last year. Net operating cash flow was negative 69.89 million yuan, mainly due to a large increase in receivables during the period. The company said competition in the cultural paper and coated paper markets is fierce, with end-user selling prices falling to recent lows, while production costs for wood pulp and coating chemical auxiliary materials remain rigid, and the decline in product selling prices exceeded the decline in raw material costs. The company plans to accelerate the ramp-up and output increase of its pulp lines, raise the substitution ratio of self-produced pulp, optimize the product mix of its paper products, and enhance the profitability of its chemical segment to offset pressure on the paper business.
Shandong Huatai Paper Industry Shareholding Co LtdNet profit plunged 72% as product selling prices fell to recent lows while costs remained rigid.
