Chenming Paper (01812) expects a net loss of 700 million yuan to 800 million yuan in the first half of the year

According to the Zhitong Finance App, Chenming Paper (01812) announced that it is expected to achieve a net loss of RMB 700 million to RMB 800 million attributable to shareholders of listed companies for the first half year of 2026, and a loss of RMB 3.858 billion for the same period last year. During the reporting period, the company actively adapted to market changes, strengthened fine management, and achieved production and marketing balance, further reduced costs and efficiency through a series of measures such as formulating clear strategic business goals, sorting out the organizational structure, improving management systems, and coordinating a series of measures such as optimizing logistics and transportation, promoting process technology reform, strengthening independent equipment maintenance, and expanding multiple sales channels, and the company's overall operating losses were drastically reduced. During the reporting period, the company's production sites fully resumed work and resumed production. Production and sales increased sharply year on year, and shutdown losses were drastically reduced year on year; the company actively negotiated further interest rate cuts with various creditors, and financial expenses dropped significantly; in the fourth quarter of last year, the company divested all assets related to the financial leasing business, which affected the sharp year-on-year reduction in credit impairment losses and asset impairment losses during the reporting period.

In the next step, the company will firmly implement the “125” strategic development plan, anchor the goal of “building a first-class management team and creating first-class business performance”, strengthen team building, deepen management reform and innovation, improve the industrial ecological chain, restructure the production management system, increase the disposal of non-main business assets, cultivate brand credibility, and make every effort to achieve high quality and sustainable development of the enterprise.