五洲特纸：上半年净利润1.22亿元，同比下降47.57%

Core Viewpoint - Wuzhou Special Paper (605007) reported a mixed performance in its 2025 semi-annual report, with revenue growth but a significant decline in net profit [1] Financial Performance - The company achieved an operating revenue of 4.122 billion yuan, representing a year-on-year increase of 20.13% [1] - The net profit attributable to shareholders was 122 million yuan, showing a year-on-year decrease of 47.57% [1] - Basic earnings per share stood at 0.26 yuan [1] Product Performance - Sales volume of wood pulp products decreased by 5.3 percentage points year-on-year [1] - The average selling price of products fell by 6.5% year-on-year [1] - Total revenue from wood pulp series products declined by 11.5% year-on-year [1] Revenue Composition - The overall growth in total sales revenue was primarily driven by an increase in sales volume of waste paper products [1] - Price factors have imposed certain constraints on revenue growth [1]