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Shandong Chenming Paper Holdings Co., Ltd. Class H ( (HK:1812) ) has issued an update.
Shandong Chenming Paper Holdings has disclosed a sharp rise in its financial stress, reporting cumulative overdue debt of RMB5.12 billion as of 30 March 2026, an increase of RMB1.64 billion from a year earlier and equivalent to about 182% of its latest audited net assets. The overdue obligations span working capital and project loans, supply chain and equipment financing, and matured commercial paper involving banks, leasing and factoring firms, and suppliers.
Over the same period, the group accumulated 239 new litigation cases totaling about RMB2.26 billion, roughly 250% of net assets, largely tied to overdue debts and contract performance disputes, though some cases have been settled. Management says it has reached restructuring and extension agreements with most financial creditors, is negotiating individually with remaining lenders and suppliers, and is relying on fully resumed production, cost-cutting, product mix optimisation and improved cash flow to gradually resolve debt and legal risks and support the company’s long-term operational stability.
The most recent analyst rating on (HK:1812) stock is a Hold with a HK$0.84 price target. To see the full list of analyst forecasts on Shandong Chenming Paper Holdings Co., Ltd. Class H stock, see the HK:1812 Stock Forecast page.
More about Shandong Chenming Paper Holdings Co., Ltd. Class H
Shandong Chenming Paper Holdings Limited is a China-based paper manufacturer, operating through multiple production bases and supplying a range of paper products. The group serves industrial and commercial customers with offerings that include printing and writing paper and related paper products, positioning itself as a large player in the domestic pulp and paper sector.
YTD Price Performance: 55.13%
Average Trading Volume: 3,544,262
Technical Sentiment Signal: Hold
Current Market Cap: HK$6.57B
See more insights into 1812 stock on TipRanks’ Stock Analysis page.