Shanying International disclosed its 2026 interim report, with first-half operating revenue of 14.259 billion yuan, up 3.01% year on year, but net profit attributable to the parent swung from profit to loss, recording a loss of 682 million yuan, compared with a profit of 41.8154 million yuan in the same period last year. Net profit attributable to the parent after deducting non-recurring items was a loss of 724 million yuan, down 1000.36% year on year. In the second quarter, the company's operating revenue was 8.04 billion yuan, up 13.7% year on year, while net profit attributable to the parent was a loss of 184 million yuan, down 2147.7% year on year. The company's gross margin for the first half was 4.55%, down 4.95 percentage points year on year, with the papermaking business gross margin at only 1.01%.
Anhui Shanying Paper Industry Co LtdFirst-half net loss of 682 million yuan, swinging from profit, with gross margin down to 4.55%.
