Chenming Paper has released its 2026 first-half performance forecast, projecting a year-on-year loss reduction of 79% to 82% and a quarter-on-quarter loss reduction of 44% to 63%. The company’s five major production bases in Shouguang, Zhanjiang, Huanggang, Jiangxi, and Jilin fully resumed operations in March 2026, completing major equipment overhauls and production line upgrades at the same time. Production and sales volumes rose sharply year on year, and revenue improved steadily. By building an online transparent procurement platform, optimizing unit consumption management, promoting the localization of spare parts, and implementing flat management reforms, the company continued to reduce management and manufacturing expenses. On the financial side, it implemented debt extension and interest rate reduction relief plans, completely divested its financial leasing business, and disposed of non-core assets such as the Yujing Hotel, achieving comprehensive control over expenditures, higher gross margins, and improved cash flow. This round of operational improvement represents phased results from the steady implementation of the company’s One-Two-Five development strategy. As the benefits of full production continue to be realized and new product capacity gradually ramps up, the room for profit recovery in the second half of the year is expected to widen further.
Shandong Chenming Paper Holdings LtdCompany reports 79%-82% reduction in first-half losses, improved margins, and cash flow from operational and financial restructuring.