China Sunshine Paper (HKG:2002) said it expects an up to 65% decline in profit for the first half of 2025, according to a Hong Kong bourse filing Friday.
Shares of the paper manufacturer fell nearly 7% in recent Monday trade.
The company expects its attributable profit for the six months ended June 30 to decline by 55% to 65% year over year, it said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.