SUNSHINE PAPER issues a profit warning, expecting a decline of approximately 55% to 65% in interim profit attributable to shareholders
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SUNSHINE PAPER issued a profit warning, expecting that the interim profit attributable to shareholders for the period ending June 30, 2025, will decline by approximately 55% to 65%. The main reasons include a decrease in paper product prices, a reduction in value-added tax and government subsidies, as well as intensified operating losses due to a sluggish real estate market. Despite the decline in performance, the board remains optimistic about the overall financial condition and long-term development of the group
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