Zhengye International (03363) announced interim results. Profit attributable to shareholders of 24.158 million yuan increased 939.05% year-on-year

According to the Zhitong Finance App, Zhengye International (03363) announced interim results for the six months ended June 30, 2026. The group achieved revenue of 1,305 billion yuan, an increase of 14.75%; profit attributable to company owners was 24.158 million yuan, an increase of 939.05% over the previous year; basic profit per share was 4.83 points.

In the first half of 2026, starting in late April, the overall price of corrugated paper in the domestic corrugated paper market showed an upward trend, mainly driven by the two factors of tightening the supply of waste paper on the raw material side and continued growth in exports on the demand side. During the reporting period, the Group's paper business achieved revenue of approximately RMB 946.6 million, an increase of about 16.04% over the same period last year. At the same time, the Group completed the phased transformation of some production lines in the Paper Division in the first half of 2026, which will help optimize various production costs. The gross margin of the paper business during the reporting period was approximately 12.01%, up about 5.42 percentage points from the same period last year.