Shunhao Shares Reports 15.03% Revenue Drop in H1 2023

Aug.21.2023
Shunhao Shares Reports 15.03% Revenue Drop in H1 2023
Shunhao Corporation reports a 15.03% YoY decline in H1 2023 revenue, but a 78.3% increase in net profit.

On the evening of August 17th, Shunhao Corporation released its semi-annual performance report, stating that its operating income for the first half of 2023 was approximately 557 million yuan, a year-on-year decrease of 15.03%. The net profit was approximately 8.004 million yuan, showing a year-on-year increase of 78.3%. In the same period of 2022, the operating income was approximately 655 million yuan, and the net profit was approximately 4.487 million yuan.


The revenue from the e-cigarette division amounted to 27,985,800 yuan.


From January to December 2022, the breakdown of Shunhao Corporation's operating revenue was as follows: Provincial Tobacco Industry Company accounted for 34.21%, Professional Packaging and Printing Company accounted for 29.45%, Trading Companies accounted for 9.52%, Others accounted for 7.95%, and Paper Packaging Enterprises accounted for 5.72%.


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