MFSP(SH:600235) Shang Hai Zheng Quan Bao·2025-10-24 18:49Core Viewpoint - The company reported a decline in profits for the third quarter of 2025, primarily due to the shutdown of two paper machines, PM20 and PM22, which significantly reduced production and sales volume compared to the previous year [5][7][8]. Financial Performance - The company’s overall production and sales volume decreased year-on-year, leading to a decline in operating revenue and operating profit [5][7]. - Financial costs and operating costs increased due to the capitalization of project loan interest after the completion of the first and second phases of projects, further contributing to the decline in operating profit [6][8]. Shareholder Information - The company confirmed that there were no changes in the number of shareholders holding more than 5% of shares or in the top ten shareholders due to the absence of share lending activities [9]. Board Meeting - The company held its 19th meeting of the 9th Board of Directors on October 24, 2025, with all nine directors present, and the meeting complied with relevant legal and procedural requirements [12]. - The board approved the third quarter report and elected the company’s representative for executing company affairs [14][15]. Investor Communication - An investor performance briefing is scheduled for November 13, 2025, to discuss the third quarter results and address investor questions [20][21]. - Investors can submit questions in advance through the Shanghai Stock Exchange Roadshow Center or via the company’s investor relations email [22][23].