Revenue by Segment

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Paper & Paper Products	1.59B	1.43B	1.09B	718.90M	424.44M
Paper & Paper Products Growth	11.87%	30.95%	51.38%	69.37%	-22.03%
Total	1.59B	1.43B	1.09B	718.90M	424.44M
Total Growth	11.87%	30.95%	51.38%	69.37%	-22.03%

Revenue by Geography

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
China	1.59B	1.43B	1.09B	718.90M	424.44M
China Growth	11.87%	30.95%	51.38%	69.37%	-22.03%
Total	1.59B	1.43B	1.09B	718.90M	424.44M
Total Growth	11.87%	30.95%	51.38%	69.37%	-22.03%

Source: S&P Global Market Intelligence.