Zhitong Finance App News, Sunshine Paper (02002) announced that the group's net comprehensive profit attributable to shareholders in 2023 is expected to increase by about 90% to 100% year-on-year.

According to the announcement, the sharp increase in comprehensive net profit was mainly due to falling prices of bulk materials such as waste paper, wood pulp, coal, etc., and the reduction in the Group's procurement costs, leading to an increase in gross profit and gross margin; the return of expected credit losses from financial assets; a joint venture of the Group, which made a profit and lost money in 2022; and a decrease in losses shared with one of the Group's associated companies.