Shanying International disclosed its earnings forecast, expecting a net loss of 680 million yuan for the first half of 2026, swinging from profit to loss year-on-year. The company said its second-quarter performance accelerated its recovery, with a single-quarter net loss of 183 million yuan, narrowing the loss by 314 million yuan compared with the first quarter, a 63.18% reduction in the loss margin, and it achieved a turnaround to profit in the single month of June. In the first half, production and sales in the papermaking segment grew simultaneously, but a decline in gross margin dragged down profitability, though profitability showed a month-by-month improving trend. The company has completed the redemption of its Ying 19 convertible bonds and Shanying convertible bonds, and its non-current liabilities due within one year dropped sharply from 5.766 billion yuan at the end of 2024 to 2.133 billion yuan at the end of 2025, restoring a sound financial structure. In addition, Shanying International launched a buyback plan of 300 million to 600 million yuan for cancellation and capital reduction, and introduced a stock option incentive plan, with vesting conditions requiring net profit attributable to the parent company of no less than 100 million yuan, 450 million yuan, and 900 million yuan for 2026, 2027, and 2028 respectively.
Anhui Shanying Paper Industry Co LtdForecasts first-half net loss of 680 million yuan, swinging from profit to loss year-on-year.