C&S Paper releases 2024 annual performance forecast

C&S Paper Co., Ltd. has released its unaudited 2024 annual performance forecast, estimating a net profit attributable to shareholders of approximately 60 to 80 million yuan for the year, marking a significant decline compared to the previous year. The primary reasons for this performance change include the company’s proactive adjustment of certain low-efficiency businesses and the adoption of a more conservative sales strategy, leading to a decrease in operating revenue. Additionally, intensified market competition in the industry has resulted in a year-on-year decline in gross profit margin, further squeezing profit margins.