Shandong Chenming Paper Holdings Co., Ltd. Class H (HK:1812)
:1812
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Shandong Chenming Paper Holdings Co., Ltd. Class H
(1812)
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Rating:42Neutral
Price Target:
HK$0.85
▲(10.91% Upside)
Action:Reiterated
Date:05/01/26
The score is driven primarily by weak financial performance—deep losses with negative gross margin, a highly leveraged/capital-impaired balance sheet, and negative operating/free cash flow. Technicals also remain bearish with the stock below key moving averages and negative MACD, while valuation is constrained by losses and no dividend yield data.
Positive Factors
Vertical integration (pulp to paper)
Owning upstream pulp and downstream papermaking is a durable strategic advantage. Vertical integration can reduce exposure to external pulp price shocks, capture margin across the value chain, and provide operational flexibility to optimize product mix and utilization over the medium term.
Negative Factors
Negative gross margin
A negative gross margin points to selling prices below production costs or severe input-cost passthrough failure. This undermines any revenue growth because core operations destroy value, making profitable recovery dependent on sustained cost reductions or price restoration.
Read all positive and negative factors
Positive Factors
Negative Factors
Vertical integration (pulp to paper)
Owning upstream pulp and downstream papermaking is a durable strategic advantage. Vertical integration can reduce exposure to external pulp price shocks, capture margin across the value chain, and provide operational flexibility to optimize product mix and utilization over the medium term.
Read all positive factors
Shandong Chenming Paper Holdings Co., Ltd. Class H (1812) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.37B
Dividend YieldN/A
Average Volume (3M)1.02M
Price to Earnings (P/E)―
Beta (1Y)0.81
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 engages in the pulp production and paper making in Mainland China and internationally. It operates through Machine Paper, Financial Services, Hotels and Property Rentals, and Other segments. The company off...
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
1.09
Negative
0.97
Negative
0.90
Negative
Market Momentum
-0.06
Positive
37.12
Neutral
36.46
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 below the 20-day moving average (MA) of 1.00, below the 50-day MA of 1.09, and below the 200-day MA of 0.90, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 37.12 is Neutral, neither overbought nor oversold. The STOCH value of 36.46 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 | 10.19 | 6.67% | 8.07% | -7.06% | -54.02% | |
59 Neutral | HK$13.23B | 2.66 | 6.55% | 3.92% | 2.49% | 47.91% | |
48 Neutral | HK$28.72B | 2.92 | 7.32% | ― | 7.38% | 252.52% | |
47 Neutral | HK$1.14B | 4.57 | 3.24% | 3.45% | -3.12% | -41.12% | |
45 Neutral | HK$820.47M | -2.34 | -37.51% | ― | 9.60% | -399.43% | |
42 Neutral | HK$5.37B | -1.38 | ― | ― | -48.87% | 16.69% |
* Basic Materials Sector Average
HK:1812
Shandong Chenming Paper Holdings Co., Ltd. Class H
0.89
0.20
28.99%
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3.00
0.98
48.15%
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Nine Dragons Paper Holdings
5.96
2.86
92.26%
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Q P Group Holdings Limited
1.05
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-11.02%
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China Sunshine Paper Holdings Co. Ltd.
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-37.57%
HK:0731
C&D Newin Paper & Pulp Corporation Limited
0.52
0.33
179.57%
Shandong Chenming Paper Holdings Co., Ltd. Class H Corporate Events
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...
Shandong Chenming Paper Sets April Board Meeting to Review Q1 2026 Results
Apr 10, 2026
Shandong Chenming Paper Holdings has scheduled a board meeting for 29 April 2026 to review and approve the unaudited consolidated results for the quarter ended 31 March 2026. The upcoming release of first-quarter figures will provide investors and...
Chenming Paper Faces Soaring Overdue Debt and Litigation as It Pursues Restructuring
Mar 30, 2026
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 l...
Shandong Chenming Paper Posts 2025 Results and Withholds Final Dividend
Mar 30, 2026
Shandong Chenming Paper Holdings reported its audited annual results for the year ended 31 December 2025, prepared on a going concern basis under Chinese Accounting Standards for Business Enterprises and related regulatory disclosure rules. The co...
Shandong Chenming Paper Flags Unusual Share Price Surge as Production Fully Recovers
Mar 17, 2026
Shandong Chenming Paper Holdings reported that its A shares experienced an unusual price movement after rising more than 12% cumulatively over two consecutive trading days on 16 and 17 March 2026. The company noted that its major production bases ...
Shandong Chenming Paper Restores Full Capacity and Seeks Lifting of Risk Warning
Mar 16, 2026
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, th...
Shandong Chenming Says Unusual Share Surge Not Backed by New Information
Mar 10, 2026
Shandong Chenming Paper Holdings reported that its A and B shares experienced an unusual cumulative price increase of more than 12% over three consecutive trading days, triggering a regulatory disclosure. The company stated it is unaware of any un...
Chenming Paper Sets March 2026 Board Meeting to Approve 2025 Results and Consider Profit Distribution
Mar 9, 2026
Shandong Chenming Paper Holdings has scheduled a board meeting for 30 March 2026 to review and approve the group’s annual results for the financial year ended 31 December 2025 and to authorize their publication. The board will also consider ...
Shandong Chenming Paper Flags Unusual B-Share Price Surge, Affirms Stable Operations
Feb 25, 2026
Shandong Chenming Paper Holdings reported an unusual price movement in its B shares after the stock’s trading price rose more than 12% cumulatively over three non-consecutive trading days in February 2026, triggering regulatory scrutiny. The...
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.