Agenda
Key Highlights
Financial & Business Review
Operational & Business Updates
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KEY HIGHLIGHTSKey Highlights for Q2 2025
Revenue decreased by 5.54% YoY to $24.79 million, mainly due to decreases in the sales volume of corrugating medium paper ("CMP") and in the average selling prices ("ASP") of CMP.
Gross profit decreased by 60.99% YoY to $1.27 million. Overall
gross margin down 7.30 percentage points to 5.14%.
Income from operations was $1.76million, compared to income from operations of $0.55 million for the same period of last year.
Net loss was $1.95 million, or loss per share of $0.16, compared to net loss of $0.08 million, or loss per share of $0.01, for the same period of last year.
Earnings before interest, taxes, depreciation and amortization ("EBITDA") was $1.78 million, compared to EBITDA of $3.93 million for the same period of last year.
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Key Highlights for the First Half of 2025
Revenue increased by 7.79% YoY to $35.69 million, mainly due to the increase in sales volume of CMP, partially offset by decreased ASPs of CMP products.
Gross profit decreased by 62.95% YoY to $1.36 million, primarily due to the decline in ASPs of CMP and increased unit cost of materials, partially offset by the increase in sales volume of CMP.
Loss from operations was $5.14 million, compared to loss from operations of $2.95 million for the same period of last year.
Net loss was $5.46 million, or loss per share of $0.46, compared to net loss of $3.82 million, or loss per share of $0.38, for the same period of last year.
Earnings before interest, taxes, depreciation and amortization ("EBITDA") was $1.96 million, compared to EBITDA of $3.91 million for the same period of last year.
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