Jiangsu Eastern Shenghong Co., Ltd. Class ASZSE: 000301

Jiangsu Eastern Shenghong Co: Net profit up 21% YoY despite 16% revenue drop, with strong EVA and recycled fiber growth

· Issued by Jiangsu Eastern Shenghong Co., Ltd. Class A

Revenue declined 16.36% YoY to RMB 60.92 billion, but net profit rose 21.24% to RMB 386 million, driven by improved cost control and strong performance in new energy and advanced materials. The company expanded EVA capacity and maintained industry leadership in acrylonitrile and recycled fibers.

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