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Capital & Financial Markets 30 Oct 2026

Shanying International posts nine-month net loss despite revenue and cash flow gains

Shanying International reported a nine-month 2026 net loss attributable to shareholders of USD 172m (RMB 1.143bn) on revenue of USD 3.25bn (RMB 21.61bn), up 2.26% year on year. Operating cash flow rose 8.45% to USD 346.5m (RMB 2.305bn). Non-current liabilities due within one year stood at USD 337m (RMB 2.24bn) at end-September, against USD 866.7m (RMB 5.766bn) at end-2024. Third-quarter margins narrowed as recovered paper prices rose 14.3% quarter on quarter, faster than containerboard and corrugated medium prices.

Why this mattersA leading Chinese containerboard producer's continued losses signal that oversupply and recovered-paper cost swings are still squeezing margins across the sector.

  • Nine-month revenue USD 3.25bn (RMB 21.61bn), up 2.26% year on year
  • Third-quarter revenue USD 1.11bn (RMB 7.35bn), up 0.84% year on year
  • Nine-month net loss attributable to shareholders USD 172m (RMB 1.143bn)
  • Operating cash flow USD 346.5m (RMB 2.305bn), up 8.45% year on year
  • Non-current liabilities due within one year USD 337m (RMB 2.24bn) at end-September 2026, down from USD 866.7m (RMB 5.766bn) at end-2024
  • Recovered paper prices rose 14.3% quarter on quarter in Q3 2026, narrowing the spread to finished paper prices
Shanying International
Sources jjckb.xinhuanet.com ZH
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Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-11-01 · Edited before publication: The debt amounts were not converted to USD. The source item is non-current liabilities due within one year, not all short-term debt. The summary now leads with the loss.