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Shandong Chenming Paper Holdings Co., Ltd. Class H
(1812)
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Rating:41Neutral
Price Target:
HK$0.60
▼(-21.82% Downside)
Action:Reiterated
Date:06/09/26
The score is driven primarily by poor financial performance (loss-making operations, stressed leverage/equity position, and negative cash flow). Technicals also pressure the score as the stock trades below key moving averages with bearish momentum. Valuation offers limited support because the negative P/E reflects ongoing losses and there is no dividend yield data.
Positive Factors
Vertical integration
Owning upstream pulp production reduces exposure to external pulp procurement and input-price swings, helping sustain margins over time. Vertical integration is a durable strategic advantage that can restore gross spreads if volumes and utilization recover, supporting medium-term margin stability.
Negative Factors
Deep unprofitability
Negative gross margins and persistent operating losses reflect structural pricing-to-input-cost pressure. This undermines the core earnings power and requires either sustained price recovery or material cost reduction to restore profitability, making near-term margin recovery uncertain and slow.
Read all positive and negative factors
Positive Factors
Negative Factors
Vertical integration
Owning upstream pulp production reduces exposure to external pulp procurement and input-price swings, helping sustain margins over time. Vertical integration is a durable strategic advantage that can restore gross spreads if volumes and utilization recover, supporting medium-term margin stability.
Read all positive factors
Shandong Chenming Paper Holdings Co., Ltd. Class H (1812) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$4.51B
Dividend YieldN/A
Average Volume (3M)1.02M
Price to Earnings (P/E)―
Beta (1Y)0.86
Revenue Growth-48.87%
EPS Growth16.69%
CountryHK
Employees9,594
SectorBasic Materials
Sector Strength58
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)-2.49
Shares Outstanding528,305,240
10 Day Avg. Volume1,069,300
30 Day Avg. Volume1,016,175
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)2.27
Price to Sales (P/S)0.33
P/FCF Ratio8.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.22
Revenue Forecast (FY)HK$28.54B
Shandong Chenming Paper Holdings Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Shandong Chenming Paper Holdings Limited, founded in 1993 and based in Shouguang, People's Republic of China, primarily specializes in pulp production and paper manufacturing for both domestic and international markets. Its diverse operations are ...
How the Company Makes Money
The company primarily makes money by manufacturing and selling paper and paper-based products to downstream customers (e.g., publishers/printers, packaging converters, and industrial users), generating revenue recognized from product sales. Key re...
Shandong Chenming Paper Holdings Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
7
Very Negative
Balance Sheet
8
Very Negative
Cash Flow
18
Very Negative
| Breakdown | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.19B | 22.73B | 26.61B | 32.00B | 33.02B |
| Gross Profit | -2.42B | 584.65M | 2.16B | 4.63B | 7.80B |
| EBITDA | -5.27B | -3.61B | 2.52B | 4.58B | 7.38B |
| Net Income | -8.30B | -7.41B | ― | 317.36M | 2.07B |
Balance Sheet | |||||
| Total Assets | 50.62B | 63.51B | 79.49B | 84.30B | 82.84B |
| Cash, Cash Equivalents and Short-Term Investments | 249.19M | 5.95B | 12.12B | 14.08B | 14.23B |
| Total Debt | 26.84B | 31.58B | 43.92B | 45.09B | 45.61B |
| Total Liabilities | 47.81B | 50.67B | 58.39B | 60.57B | 60.29B |
| Stockholders Equity | 903.84M | 9.16B | 16.69B | 19.08B | 19.09B |
Cash Flow | |||||
| Free Cash Flow | 239.99M | 2.55B | 4.08B | 2.56B | 7.95B |
| Operating Cash Flow | 243.21M | 2.62B | 4.39B | 3.45B | 8.58B |
| Investing Cash Flow | -133.90M | 465.80M | 58.29M | -2.44B | 165.72M |
| Financing Cash Flow | -122.06M | -3.72B | -5.78B | -1.98B | -9.94B |
Shandong Chenming Paper Holdings Co., Ltd. Class H Technical Analysis
Negative
0.77
Price Trends
0.79
Negative
0.94
Negative
0.87
Negative
Market Momentum
-0.05
Negative
37.39
Neutral
42.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1812, the sentiment is Negative. The current price of 0.77 is above the 20-day moving average (MA) of 0.66, below the 50-day MA of 0.79, and below the 200-day MA of 0.87, indicating a bearish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 37.39 is Neutral, neither overbought nor oversold. The STOCH value of 42.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1812.
Shandong Chenming Paper Holdings Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | HK$558.60M | 9.41 | 6.67% | 8.07% | -7.06% | -54.02% | |
59 Neutral | HK$13.49B | 6.98 | 6.55% | 3.92% | 2.49% | 47.91% | |
57 Neutral | HK$34.16B | 8.73 | 7.39% | ― | 7.38% | 252.52% | |
47 Neutral | HK$958.63M | 5.17 | 3.27% | 3.45% | -3.12% | -41.12% | |
45 Neutral | HK$509.26M | -5.41 | -37.51% | ― | 9.60% | -399.43% | |
41 Neutral | HK$4.51B | -0.80 | ― | ― | -48.87% | 16.69% |
* Basic Materials Sector Average
HK:1812
Shandong Chenming Paper Holdings Co., Ltd. Class H
0.63
-0.15
-19.23%
HK:2314
Lee & Man Paper Manufacturing
3.14
0.84
36.52%
HK:2689
Nine Dragons Paper Holdings
7.28
3.78
108.00%
HK:1412
Q P Group Holdings Limited
1.05
-0.28
-20.81%
HK:2002
China Sunshine Paper Holdings Co. Ltd.
0.90
-1.14
-55.88%
HK:0731
C&D Newin Paper & Pulp Corporation Limited
0.36
0.16
80.90%
Shandong Chenming Paper Holdings Co., Ltd. Class H Corporate Events
Shandong Chenming Paper Secures Strong Shareholder Backing at 2026 Extraordinary Meeting
Jun 30, 2026
Shandong Chenming Paper Holdings reported the results of its first extraordinary general meeting of 2026, confirming that the meeting was duly convened under Chinese company law and relevant stock exchange rules. The session, held both physically ...
Shandong Chenming calls June EGM on Yujing Hotel asset transfer
Jun 12, 2026
Shandong Chenming Paper Holdings has convened its first extraordinary general meeting of 2026 for 30 June in Shouguang, where shareholders will vote on an ordinary resolution concerning the transfer of equity interest and debts related to Yujing H...
Chenming Paper Sells Yujing Hotel Stake in RMB316.7 Million Exit
Jun 12, 2026
Shandong Chenming Paper Holdings is further streamlining its portfolio as a wholly owned subsidiary, Chenming Paper Sales, agreed to sell a 90.05% stake in Yujing Hotel and related debt claims to Shouguang Cultural Tourism Investment for RMB316.7 ...
Shandong Chenming Paper Faces RMB103 Million in New Litigation Over Debts
Jun 12, 2026
Shandong Chenming Paper Holdings reported that between late March and mid-June 2026 it became involved in 63 new litigation cases arising from overdue debts and contract performance disputes, all brought by non-financial institutions. The total di...
Shandong Chenming Paper Warned Over Undisclosed Related-Party Loans
Jun 5, 2026
Shandong Chenming Paper Holdings Limited disclosed that it has received an administrative regulatory decision from the Shandong Securities Regulatory Bureau concerning historical related-party financing activities. From 2019 to 2024, the company b...
Shandong Chenming Paper Secures Strong Shareholder Support at 2025 AGM
May 15, 2026
Shandong Chenming Paper Holdings reported that its 2025 annual general meeting was duly convened on 15 May 2026 in Shouguang, Shandong Province, with both physical and online participation options for shareholders. The meeting, chaired by board ch...
Chenming Paper Says Sharp B-Share Drop Not Tied to Undisclosed Events
May 7, 2026
Shandong Chenming Paper Holdings reported that its B-share price fell more than 12% cumulatively over three consecutive trading days, triggering an unusual trading movement notice under Shenzhen Stock Exchange rules. The board stated that producti...
Shandong Chenming Paper Narrows Loss on Surging Q1 Revenue but Cash Flow Slumps
Apr 29, 2026
Shandong Chenming Paper Holdings reported a sharp rebound in revenue for the first quarter of 2026, with sales surging nearly 274% year on year to about RMB 2.98 billion. Despite this top-line recovery, the company remained loss-making, though its...
Shandong Chenming Paper Updates Investor Contact Channels
Apr 13, 2026
Shandong Chenming Paper Holdings Limited has updated its investor hotline, fax number and email address to strengthen investor relations management and ensure smoother communication with shareholders and market participants. The new contact detail...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.