Stock code: 000488 200488 Stock abbreviation: ST Chenming ST Chenming B Announcement No.: 2026-043
Shandong Chenming Paper Holdings Limited
I. IMPORTANT NOTICE
This interim report summary is extracted from the text of the interim report. For the full understanding of
the operating results, the financial position and the plan for further development of the Company, investors
should carefully read the text of the interim report published on the media as designated by the CSRC.
All directors have attended the board meeting to review this report.
Notice of non-standard auditor’s opinion
□ Applicable Not applicable
A proposed profit distribution plan or a proposed plan on conversion of capital reserves into share capital
for the reporting period was considered by the Board
□ Applicable Not applicable
The Company proposes not to distribute cash dividend, issue bonus shares, or capitalise from capital
reserves.
A proposed profit distribution plan on preference shares for the reporting period was approved by the
Board
□ Applicable Not applicable
II. BASIC INFORMATION ABOUT THE COMPANY
ST Chenming 000488
Stock abbreviation Stock code
ST Chenming B 200488
Stock exchange on which
Shenzhen Stock Exchange
the shares are listed
Stock abbreviation CHENMING PAPER Stock code 01812
Stock exchange on which
The Stock Exchange of Hong Kong Limited
the shares are listed
Stock abbreviation before
N/A
the change
Contact persons and contact Hong Kong Company
Secretary to the Board Representatives for Securities Affairs
methods Secretary
Name Yuan Xikun Chen Lin Chu Hon Leung
No. 2199 East Nongsheng Road,
No. 2199 East Nongsheng Road, 22nd Floor, World Wide
Office address Shouguang City, Shandong
Shouguang City, Shandong Province House, Central, Hong Kong
Province
Telephone 0536-5135888 0536-5135888 00852-21629600
Email address cmir@chenming.com.cn cmir@chenming.com.cn liamchu@li-partners.com
Retrospective adjustment to or restatement of the accounting data for prior years by the Company
□ Yes No
Increase/decrease for the
The corresponding reporting period as
The reporting period period of the prior compared to the
year corresponding period of the
prior year
Revenue (RMB) 6,865,428,943.30 2,106,630,952.30 225.90%
Net profit attributable to shareholders of the Company
-786,475,084.18 -3,857,953,190.56 79.61%
(RMB)
Net profit after extraordinary gains or losses attributable to
-1,089,477,041.98 -3,645,363,615.81 70.11%
shareholders of the Company (RMB)
Net cash flows from operating activities (RMB) 322,382,985.88 785,303,274.19 -58.95%
Basic earnings per share (RMB per share) -0.27 -1.31 79.39%
Diluted earnings per share (RMB per share) -0.27 -1.31 79.39%
Decrease by 97.26
Weighted average return on net assets -150.65% -53.39%
percentage points
Increase/decrease as at the
As at the end of the As at the end of the end of the reporting period
reporting period prior year as compared to the end of
the prior year
Total assets (RMB) 50,966,173,507.30 50,620,148,908.13 0.68%
Net assets attributable to shareholders of the Company
(RMB)
Unit: Shares
Total number of ordinary 93,718, of which 77,810 were holders of A Total number of holders of preference
shareholders as at the end of shares, 15,598 were holders of B shares and shares with restored voting right as at the 0
the reporting period 310 were holders of H shares end of the reporting period
Shareholding of top 10 shareholders (excluding the shares lent under refinancing business)
Share pledged, marked or
Number of
Nature of Percentage of Number of shares frozen
Name of shareholders restricted
shareholders shareholding held Status of
shares held Number
shares
CHENMING HOLDINGS COMPANY State-owned Pledged 386,811,546
LIMITED legal person Frozen 409,956,441
Overseas legal
HKSCC NOMINEES LIMITED 12.70% 373,424,775 0 N/A 0
person
CHENMING HOLDINGS (HONG Overseas legal N/A
KONG) LIMITED (Note 1) person
Domestic N/A
Jin Xing 1.31% 38,622,315 0 0
natural person
Domestic
Chen Hongguo (Note 2) 0.65% 19,080,044 0 Frozen 19,080,044
natural person
Domestic N/A
Wang Fanliang 0.32% 9,406,000 0 0
natural person
Domestic N/A
Ji Zhongqiu 0.31% 8,996,674 0 0
natural person
Shouguang Zhongli Trading Co., Ltd.*( 寿 Domestic non- N/A
state-owned 0.31% 8,972,750 0 0
光市众力商贸有限公司) legal person
Domestic N/A
Xu Hekun 0.28% 8,380,250 0 0
natural person
Domestic N/A
Pan Jiankai 0.26% 7,770,206 0 0
natural person
A shareholder, Chenming Holdings (Hong Kong) Limited, which is an overseas legal
person, is a wholly-owned subsidiary of a shareholder, Chenming Holdings Company
Related party relationship or acting in
Limited, which is a state-owned legal person. Save for the above, it is not aware that any
concert among the above shareholders
other shareholders of tradable shares are persons acting in concert. It is also not aware
that any other shareholders of tradable shares are related to each other.
Chenming Holdings Company Limited held 455,781,319 RMB ordinary shares, of which
Securities margin trading of shareholders
(if any)
through credit guarantee security account.
Note 1: In order to meet its own capital needs, Chenming Holdings (Hong Kong) Limited conducted share
financing business with overseas institutions, entrusting 210,717,563 B shares and 153,414,000 H shares
of the Company held by it to the custody brokerage designated by overseas institutions. The aforesaid
shares were subject to the risk of not to be recovered, which may lead to a reduction in the Company’s
shareholding, but does not affect Chenming Holdings’ position as the largest shareholder, and does not
affect the Company’s control. For details, please refer to the announcement disclosed by the Company on
CNINFO on 18 July 2023 (announcement no.: 2023-058) and the insider information disclosed by the
Company on the website of Hong Kong Stock Exchange on 18 July 2023.
Note 2: On 1 November 2024, pursuant to the 2020 Restricted A Share Incentive Scheme (Draft), the
Company made payments to the participants for the repurchase of restricted shares not yet unlocked for the
third unlocking period under the 2020 Restricted A Share Incentive Scheme. In the process of completing
the procedures for the share transfer and cancellation, the 6,000,000 restricted shares held by Mr. Chen
Hongguo were judicially frozen. Hence, the procedures for the transfer and cancellation of such restricted
shares were not yet completed with the Shenzhen Branch of China Securities Depository and Clearing
Corporation Limited. The 19,080,044 shares held by Mr. Chen Hongguo, being a domestic natural person,
excludes the 6,000,000 restricted shares to be cancelled under the share incentive scheme.
Share lending by shareholders with more than 5% shareholding, top 10 shareholders and top 10 holders of
non-restricted shares under refinancing business
□ Applicable Not applicable
Change of top 10 shareholders and top 10 holders of non-restricted shares as compared to the prior period
as a result of share lending/return under refinancing arrangement
□ Applicable Not applicable
Change of controlling shareholders during the reporting period
□ Applicable Not applicable
There was no change of controlling shareholders of the Company during the reporting period.
Change of actual controllers during the reporting period
□ Applicable Not applicable
There was no change of actual controllers of the Company during the reporting period.
preference shares
□ Applicable Not applicable
There was no shareholding of holders of preference shares of the Company during the reporting period.
□ Applicable Not applicable
III. Material matters
During the reporting period, the Company adhered to the principle of "safety first, efficiency-focused, and
results-oriented", strengthened corporate management, and coordinated efforts to resume production and
operations at its production bases. The management and staff of Zhanjiang Chenming, together with the
support teams designated by the Group, worked collaboratively to overcome challenges, efficiently
completing key tasks including fund raising, equipment maintenance, raw material procurement, and
market coordination, thereby successfully achieving the full resumption of production at the Zhanjiang
production base. As a result, all five major production bases of the Company in Shouguang, Zhanjiang,
Huanggang, Jiangxi and Jilin have now fully resumed production. Going forward, the Company will
continue to strengthen cost reduction and efficiency enhancement across the entire production process,
accelerate development of a full range of new products, and coordinate efforts to advance production and
operations, reform and innovation, and team building. The Company will strive to improve operating
performance, steadily mitigate debt risks, and promote sustainable, stable, and high-quality development.
For details, please refer to the relevant announcement disclosed by the Company on CNINFO on 14 March
Stock Exchange on 16 March 2026.
Announcement Date of
Subject matter Publication website and index
No. publication
Announcement on Unusual Price Movement of Shares of the
Company
Announcement on Unusual Price Movement of Shares of the
Company
Announcement on Full Resumption of Production at Production
Bases
Announcement on Unusual Price Movement of Shares of the
Company
Special Statement of the Board of Directors on Matters Related
to the 2025 Audit Report
Announcement on Resolutions of the Third Meeting of the
Eleventh Session of the Board of Directors
Announcement on Uncovered Losses Exceeding One- Third of
Paid- in Share Capital of the Company
Announcement on the 2025 Annual Online Performance
Briefing
Announcement on Carrying out Factoring Business of Accounts
Receivable
Announcement on Development of Equipment Financing
Business
Announcement on Expected Provision of Guarantees to
Subsidiaries for 2026
Announcement on External Guarantees Provided by the
Majority-owned Subsidiaries of the Company
Announcement on Estimated Day-to-day Related Party
Transactions for 2026
Announcement on Remuneration Package for Directors and
Senior Management for 2026
Announcement on Purchase of Liability Insurance for Directors
and Senior Management
Announcement on Cumulative New Overdue Debts and
Litigation
Special Statement of the Board of Directors on the Elimination
Special Statement of the Board of Directors on the Elimination
Audit Report
Announcement on Unusual Price Movement of Shares of the
Company
Announcement on Participating in the 2026 Online Collective
Reception Day for Investors of Listed Companies in Shandong
Announcement on Receipt of Administrative Supervision
Bureau
Announcement on Resolutions of the Second Extraordinary
Meeting of the Eleventh Session of the Board of Directors
Announcement on Transfer of Equity and Creditor’s Rights in a
Subsidiary
Announcement on Resolutions of the First Extraordinary
General Meeting of 2026
The Board of Shandong Chenming Paper Holdings Limited
