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Shandong Chenming Paper Holdings Co., Ltd. Class H
(1812)
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Rating:41Neutral
Price Target:
HK$0.59
â–¼(-23.77% 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 30.8% TTM revenue rebound indicates that sales demand has recovered meaningfully despite the company’s profitability problems. If maintained, stronger volume or pricing can improve operating leverage and provide a foundation for restoring margins over the next several quarters.
Negative Factors
Severe unprofitability
Losses at the gross, operating, and net levels show that the current business model is not covering production and operating costs, even after the revenue rebound. Persistently negative margins can erode capital, restrict reinvestment, and make recovery dependent on a substantial improvement in pricing or costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
The 30.8% TTM revenue rebound indicates that sales demand has recovered meaningfully despite the company’s profitability problems. If maintained, stronger volume or pricing can improve operating leverage and provide a foundation for restoring margins over the next several quarters.
Read all positive factors
Shandong Chenming Paper Holdings Co., Ltd. Class H (1812) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.04B
Dividend Yield4.48%
Average Volume (3M)480.99K
Price to Earnings (P/E)―
Beta (1Y)0.92
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. Volume447,787
30 Day Avg. Volume480,987
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 products to downstream customers that use paper for printing, publishing, office use, packaging, and other industrial purposes. Revenue is generated from (1) sales of finished pa...
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 | -4.21B | -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 | 215.05M | 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
Positive
0.77
Price Trends
0.63
Positive
0.75
Negative
0.83
Negative
Market Momentum
>-0.01
Negative
61.47
Neutral
64.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1812, the sentiment is Positive. The current price of 0.77 is above the 20-day moving average (MA) of 0.62, above the 50-day MA of 0.63, and below the 200-day MA of 0.83, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 61.47 is Neutral, neither overbought nor oversold. The STOCH value of 64.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | HK$30.83B | 7.89 | 7.39% | 1.74% | 7.38% | 252.52% | |
64 Neutral | HK$16.15B | 6.37 | 7.88% | 5.54% | 13.69% | 83.56% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | HK$1.21B | 7.14 | 2.76% | 4.39% | 14.95% | -15.17% | |
53 Neutral | HK$558.60M | 19.34 | 3.22% | 6.67% | -3.05% | -74.60% | |
41 Neutral | HK$5.04B | -1.19 | -447.20% | 4.48% | 4.20% | 52.87% | |
40 Underperform | HK$410.23M | -3.28 | -92.76% | 5.45% | 27.73% | -478.69% |
* Basic Materials Sector Average
HK:1812
Shandong Chenming Paper Holdings Co., Ltd. Class H
0.64
-0.26
-28.89%
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3.70
0.79
27.11%
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6.46
0.50
8.31%
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1.05
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-32.78%
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China Sunshine Paper Holdings Co. Ltd.
1.08
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0.10
58.33%
Shandong Chenming Paper Holdings Co., Ltd. Class H Corporate Events
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...
Shandong Chenming Paper Narrows First-Half 2026 Loss Amid Cost Cuts and Higher Output
Jul 14, 2026
Shandong Chenming Paper Holdings Limited, a major Chinese paper producer, operates several production bases and focuses on lean management, cost reduction, and diversified sales channels to remain competitive in the paper market. The company has a...
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...
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.