ST Chenming released its 2026 interim report. First-half operating revenue was 6.87 billion yuan, up 225.9% year on year. Net loss attributable to the parent was 786 million yuan, narrowing from a loss of 3.86 billion yuan in the same period last year. In the second quarter, operating revenue was 3.88 billion yuan, up 196.6% year on year, and net loss attributable to the parent was 274 million yuan, down from a loss of 2.41 billion yuan a year earlier. As of the end of the second quarter, total assets were 50.966 billion yuan, up 0.7% from the end of the previous year, while net assets attributable to the parent were 156 million yuan, down 82.8% from the end of the previous year. The company said that during the reporting period its production bases fully resumed operations, machine-made paper sales volume rose sharply year on year, shutdown losses fell sharply year on year, and the divestment of assets related to the financial leasing business significantly reduced credit impairment losses and asset impairment losses.
Shandong Chenming Paper Holdings LtdFirst-half loss narrowed sharply and revenue surged 225.9%, with production fully resumed and asset divestment reducing losses.
