Core Viewpoint - Zhengye International (03363.HK) expects a significant decline in profit attributable to equity holders, projecting earnings between RMB 1.0 million and RMB 3.0 million for the six months ending June 30, 2025, compared to RMB 15.03 million in the same period last year [1] Financial Performance - The decrease in profit is primarily attributed to uncertainties in trade policies and weak domestic consumption, leading to intensified competition in the paper and paper products packaging industry [1] - Although the sales volume in the paper segment increased by over 10% year-on-year, the sales prices for both raw paper products and paper packaging products fell by more than 8% compared to the previous year [1] - The price of major raw material, waste paper, rose by approximately 4% year-on-year, contributing to a decline in overall gross margin by about 5% compared to the same period last year [1] Cost Management - In response to operational challenges, the company has enhanced management optimization and strictly controlled various cost expenditures, resulting in a year-on-year decrease in period expenses of approximately 2% [1] - The paper division's sales from the renovation of old materials generated additional income, leading to a smaller decline in net profit margin of only about 1.3% compared to the previous year [1]
正业国际(03363.HK)预期中期盈利约100万至300万元