Shandong Chenming reports significant losses for 2024

Shandong Chenming Paper Holdings Limited (HKEX:1812) reported a net loss attributable to shareholders of CNY 7.41 billion for the year ended December 31, 2024, a sharp decline compared to the CNY 1.28 billion loss in the previous year. The group cited supply-demand imbalances and price declines in major paper products, particularly white cardboard, as key factors contributing to the losses.