Shandong Chenming reports significant revenue, profit decline in H1 2025

Shandong Chenming Paper Holdings Limited reported a significant decrease in revenue to RMB2,106,630,952.30 for the six months ended June 30, 2025, an 84.83% decline year-on-year. The company also posted a net loss attributable to shareholders of RMB3,857,953,190.56, a substantial drop from the RMB28,646,205.42 profit in the prior year. These results are mainly attributed to the shutdown and maintenance of certain production bases, leading to reduced sales volumes and lower profitability, exacerbated by provisions for impairment and bad debts.

In response to liquidity constraints and the ongoing impact of macroeconomic factors, the company has actively pursued debt restructuring and asset disposal. Significant litigation updates include the dismissal of a winding-up petition for HK$389,112,432.44 on June 20, 2025, and a settlement in an arbitration case involving HKK2 Company in May 2024. The company's interim report for the six months ended June 30, 2025, is unaudited, and the board does not recommend an interim dividend payment for the period.