Shandong Chenming Paper Restores Full Capacity and Seeks Lifting of Risk Warning

Shandong Chenming Paper Holdings Co., Ltd. Class H ( (HK:1812) ) has provided an announcement.

Shandong Chenming Paper Holdings has fully resumed operations at its five major production bases following temporary maintenance shutdowns, restoring its total production capacity to 100%. Backed by local authorities and financial institutions, the group has tightened corporate management and adjusted its product mix in response to market conditions.

The company expects the return to full capacity to improve operating cash flow, rebuild internally generated working capital and support cost reduction and efficiency initiatives. With all plants back online, Chenming plans to seek removal of the “other risk warning” labels on its Shenzhen-listed A and B shares, although it continues to caution investors to remain prudent when trading its stock.

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 mainland Chinese paper manufacturer with major production bases in Shouguang, Zhanjiang, Huanggang, Jiangxi and Jilin. The group focuses on a broad mix of paper products and has a significant presence in both the Shenzhen and Hong Kong capital markets, where its A, B and H shares are listed or quoted.

YTD Price Performance: 55.13%

Average Trading Volume: 3,014,293

Technical Sentiment Signal: Hold

Current Market Cap: HK$6.36B

For an in-depth examination of 1812 stock, go to TipRanks’ Overview page.