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Shandong Chenming Paper Holdings Co., Ltd. Class H
(1812)
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Rating:41Neutral
Price Target:
HK$0.44
â–¼(-42.99% Downside)
Action:Reiterated
Date:09/06/26
The score is driven primarily by very weak financial performance—severe losses, negative free cash flow, and extremely high leverage—creating elevated solvency and funding risk. Technical indicators also lean bearish (price below key moving averages and negative MACD). Valuation provides limited support due to negative earnings and no dividend yield data.
Positive Factors
Revenue Rebound
The TTM revenue rebound shows that demand and sales activity have recovered materially despite the company’s current losses. If sustained, stronger revenue provides a broader base for absorbing fixed costs, improving operating leverage, and supporting a return toward profitability.
Negative Factors
Severe Profitability Deterioration
Losses extend from gross profit through operating income and the bottom line, indicating that the revenue rebound has not yet translated into viable economics. Persistently negative margins can consume capital, restrict reinvestment, and make recovery dependent on substantial operational improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
The TTM revenue rebound shows that demand and sales activity have recovered materially despite the company’s current losses. If sustained, stronger revenue provides a broader base for absorbing fixed costs, improving operating leverage, and supporting a return toward profitability.
Read all positive factors
Shandong Chenming Paper Holdings Co., Ltd. Class H (1812) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$4.25B
Dividend Yield4.48%
Average Volume (3M)714.46K
Price to Earnings (P/E)―
Beta (1Y)0.77
Revenue Growth4.20%
EPS Growth52.87%
CountryHK
Employees8,992
SectorBasic Materials
Sector Strength58
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)-1.78
Shares Outstanding528,305,240
10 Day Avg. Volume767,575
30 Day Avg. Volume714,458
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 ...
Shandong Chenming Paper Holdings Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
6
Very Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.95B | 6.19B | 22.73B | 26.61B | 32.00B | 33.02B |
| Gross Profit | -1.33B | -2.42B | 584.65M | 2.16B | 4.63B | 7.80B |
| EBITDA | -3.03B | -5.27B | -3.61B | 2.52B | 4.58B | 7.38B |
| Net Income | -5.22B | -8.30B | -7.41B | ― | 317.36M | 2.07B |
Balance Sheet | ||||||
| Total Assets | 50.96B | 50.62B | 63.51B | 79.49B | 84.30B | 82.84B |
| Cash, Cash Equivalents and Short-Term Investments | 215.04M | 249.19M | 5.95B | 12.12B | 14.08B | 14.23B |
| Total Debt | 32.77B | 26.84B | 31.58B | 43.92B | 45.09B | 45.61B |
| Total Liabilities | 48.97B | 47.81B | 50.67B | 58.39B | 60.57B | 60.29B |
| Stockholders Equity | 155.78M | 903.84M | 9.16B | 16.69B | 19.08B | 19.09B |
Cash Flow | ||||||
| Free Cash Flow | -254.30M | 239.99M | 2.55B | 4.08B | 2.56B | 7.95B |
| Operating Cash Flow | -207.48M | 243.21M | 2.62B | 4.39B | 3.45B | 8.58B |
| Investing Cash Flow | 912.06M | -133.90M | 465.80M | 58.29M | -2.44B | 165.72M |
| Financing Cash Flow | -659.22M | -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
0.59
Negative
0.62
Negative
0.80
Negative
Market Momentum
-0.04
Positive
26.08
Positive
24.24
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 0.54, above the 50-day MA of 0.59, and below the 200-day MA of 0.80, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 26.08 is Positive, neither overbought nor oversold. The STOCH value of 24.24 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 |
|---|---|---|---|---|---|---|---|
64 Neutral | HK$13.49B | 5.41 | 7.88% | 6.52% | 13.69% | 83.56% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | HK$532.00M | 18.42 | 3.22% | 6.00% | -3.05% | -74.60% | |
49 Neutral | HK$1.86B | 11.43 | 2.76% | 3.05% | 14.95% | -15.17% | |
48 Neutral | HK$21.14B | 5.03 | 7.96% | 2.57% | 22.31% | 109.79% | |
41 Neutral | HK$4.25B | -1.06 | -447.20% | 4.48% | 4.20% | 52.87% | |
40 Underperform | HK$360.72M | -3.68 | -55.61% | 5.45% | 27.73% | -478.69% |
* Basic Materials Sector Average
HK:1812
Shandong Chenming Paper Holdings Co., Ltd. Class H
0.46
-0.31
-40.26%
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3.14
0.54
20.58%
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Nine Dragons Paper Holdings
4.51
-1.07
-19.12%
HK:1412
Q P Group Holdings Limited
1.00
-0.61
-38.00%
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China Sunshine Paper Holdings Co. Ltd.
1.75
0.05
2.65%
HK:0731
C&D Newin Paper & Pulp Corporation Limited
0.26
0.05
26.87%
Shandong Chenming Paper Holdings Co., Ltd. Class H Corporate Events
Chenming Paper Sees Revenue Surge but Balance Sheet Still Under Strain
Oct 30, 2026
Shandong Chenming Paper Holdings Limited reported a sharp rebound in revenue in its unaudited third-quarter 2026 results, with quarterly sales rising 212.71% year-on-year to RMB 3.88 billion and year-to-date revenue up 221.01% to RMB 10.75 billion...
Shandong Chenming Paper Delays Board Meeting to Finalise Q3 Results
Oct 28, 2026
Shandong Chenming Paper Holdings has postponed its board meeting initially scheduled for 29 October 2026 to 30 October 2026, citing the need for additional time to finalise its unaudited third-quarter results for the nine months ended 30 September...
Shandong Chenming Paper Confirms Smooth Second EGM of 2026 with Strong Shareholder Participation
Oct 20, 2026
Shandong Chenming Paper Holdings reported the results of its second extraordinary general meeting of 2026, confirming that the meeting was duly convened in Shouguang, Shandong, with both physical and online voting options. The board stated that th...
Shandong Chenming Paper Sets Board Meeting to Approve Nine-Month Results
Oct 15, 2026
Shandong Chenming Paper Holdings Limited has scheduled a board meeting for 29 October 2026 to review and approve the unaudited consolidated results for the nine months ended 30 September 2026, with a view to publishing these interim figures. The m...
Chenming Paper Calls October EGM to Approve Governance Changes and Debt Restructuring
Sep 29, 2026
Shandong Chenming Paper Holdings Limited has convened its 2026 second extraordinary general meeting for 20 October 2026 at its research and development centre in Shouguang, Shandong, to seek shareholder approval on several major corporate matters....
Chenming Paper Restructures Debts via Related-Party Set-Off Deal
Sep 29, 2026
Shandong Chenming Paper Holdings has entered into a creditors’ rights and debt set-off agreement with related-party affiliate Weifang Port Wood Chip Wharf to optimise its asset-liability structure and reduce debt risk. Under the arrangement,...
Shandong Chenming Paper Posts Interim 2026 Results, Withholds Dividend
Aug 28, 2026
Shandong Chenming Paper Holdings Limited has released its interim results for the six months ended 30 June 2026, with the full interim report made available to shareholders and the public on the Hong Kong stock exchange website and the companyR...
Shandong Chenming Paper Moves to Tighten Governance With Charter Amendments
Aug 28, 2026
Shandong Chenming Paper Holdings Limited plans to revise its articles of association and the procedural rules for board meetings to align more closely with the PRC Company Law, Shenzhen Stock Exchange self-discipline guidelines and other relevant ...
Shandong Chenming Paper Issues 2026 Interim Report Summary and Withholds Dividend
Aug 28, 2026
Shandong Chenming Paper Holdings Limited has released a summary of its 2026 interim report, filed as an overseas regulatory announcement in Hong Kong and published in full on the Shenzhen Stock Exchange’s designated media. The company confir...
Chenming Paper Faces RMB792.9 Million in New Litigation Amid Stable Operations
Aug 14, 2026
Shandong Chenming Paper Holdings Limited, a leading paper manufacturer in China, operates several production bases and concentrates on pulp and paper products while pursuing cost reduction, product optimization and market expansion. Management hig...
Shandong Chenming Paper Sets Board Meeting to Approve 2026 Interim Results
Aug 3, 2026
Shandong Chenming Paper Holdings Limited has scheduled a board meeting for 28 August 2026 to review and approve its interim results for the six months ended 30 June 2026. The approval will pave the way for publication of the mid-year financial fig...
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.