Yueyang Forest Paper (600963.SH) net profit attributable to the mother in the first three quarters increased by 33.39% year-on-year to 357 million yuan

Yueyang Lin Paper (600963.SH) disclosed the third quarter report of 2021, the company achieved operating income of 5.776 billion yuan in the first three quarters, an increase of 18.18% year-on-year. Net profit attributable to shareholders of listed companies was 357 million yuan, an increase of 33.39% year-on-year. Net profit attributable to shareholders of listed companies, net of non-recurring gains and losses, was RMB321 million, an increase of 41.54% year-on-year. Basic earnings per share were RMB0.202 per share.

During the reporting period, the company's net profit attributable to the mother increased by 33.39% year-on-year, mainly due to: (1) in the first half of the year, affected by market conditions, the company's paper product prices and sales volume increased compared with the same period, and the operating income increased compared with the same period, while the company continued to maintain the cost advantage of self-produced pulp utilization and centralized procurement, affected by the dual factors of income and cost, the net profit attributable to the shareholders of the listed company increased compared with the same period of the previous year; (2) the disposal of idle fixed assets by yongzhou Xiangjiang Paper Co., Ltd., a subsidiary of the same period last year, Impairment of related assets and losses on disposal of assets increased, and there were no such losses in the current period.