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An announcement from Shandong Chenming Paper Holdings Co., Ltd. Class H ( (HK:1812) ) is now available.
Shandong Chenming Paper Holdings has issued a profit warning for the 2024 fiscal year, forecasting a significant increase in net losses compared to the previous year. The company attributes this downturn to continued price declines in its major products, underutilization of production capacity due to maintenance shutdowns, and increased provisions for bad debts amid ongoing financial and operational challenges. Despite these setbacks, the company is aiming to stabilize operations with the support of financial institutions and government authorities, focusing on maintenance, technical renovation, and corporate reform to restore profitability.
More about Shandong Chenming Paper Holdings Co., Ltd. Class H
Shandong Chenming Paper Holdings Co., Ltd. is a leading company in the paper industry in China, focusing on the production and distribution of paper products. The company is known for its wide range of paper products and services, catering to both domestic and international markets.
YTD Price Performance: -16.67%
Average Trading Volume: 11,075
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €779.1M
See more insights into 1812 stock on TipRanks’ Stock Analysis page.
