Shandong Sunpaper Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 06:18 am EDT
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Shandong Sunpaper Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 9,667.37 million compared to CNY 7,643.48 million a year ago. Revenue was CNY 9,667.37 million compared to CNY 7,643.48 million a year ago. Net income was CNY 674.99 million compared to CNY 1,108 million a year ago. Basic earnings per share from continuing operations was CNY 0.25 compared to CNY 0.42 a year ago. Diluted earnings per share from continuing operations was CNY 0.24 compared to CNY 0.41 a year ago.
SHANDONG SUN PAPER CO., LTD., formerly SHAN DONG SUN PAPER INDUSTRY JOINT STOCK CO., LTD., is a China-based company, principally engaged in the paper making business. The Company's main products include non-coated cultural paper, coated paper, household paper, laminating base paper and kraft paperboards. Its coated packaging paper boards are mainly applied in cigarette and liquor packaging, as well as home appliance packaging. The Company is also engaged in the generation and distribution of electric power, as well as the manufacturing and sale of steam, chemical-mechanical pulps and dissolving pulps. It distributes its products within domestic market and to overseas markets.