Business
Jiangsu Eastern Shenghong Co: Revenue up 10.46% but net profit down 81.59% as margin pressure and costs weighed on results
Jiangsu Eastern Shenghong Co: Revenue up 10.46% but net profit down 81.59% as margin pressure and costs weighed on results
About this update from Jiangsu Eastern Shenghong Co., Ltd. Class A
Revenue rose 10.46% year-over-year to RMB 72.83 billion, but net profit fell 81.59% to RMB 319 million due to margin pressure and higher costs. The company expanded in new energy and recycled materials, maintaining industry leadership despite a challenging macro environment.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
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