Shandong Chenming Paper Holdings Limited logo

Shandong Chenming Paper Holdings Limited

1812.HK

HKSEBasic MaterialsPaper, Lumber & Forest Products

Latest quote

HK$0.61

−HK$0.015 · -2.40%

Aug 24, 11:11 AM HKT

1812.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

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 structured across key divisions: Machine Paper, Financial Services, Hotels and Property Rentals, and other ventures. The company's extensive product portfolio includes cultural, white board, coated, household, copy, industrial, thermal, and glassine papers, along with essential paper-making raw materials and specialized machinery. Beyond its core paper business, the firm generates and supplies both electric and thermal power. It is also actively involved in forestry, encompassing sapling cultivation, timber processing, and the sale of wood and wood-based products. Shandong Chenming further deals in construction materials such as wall panels and coal, and engages in waste trading, while also providing financial leasing services. Its broad spectrum of business activities additionally extends to catering and hotel management, marketing, transportation and logistics, tree cultivation (arboriculture), customs brokerage, property management and investment, various trading and investment ventures, machinery manufacturing, printing and packaging solutions, business factoring, port operations, capital market engagement, general business services, wholesale and retail, funding provision, and investment management.

Industry
Paper, Lumber & Forest Products
Sector
Basic Materials
Headquarters
CN
CEO
Yanshan Jiang
Listed since
Jun 18, 2008
Employees
9,594

Market position

Volume
518.5K
0.4× average
Average volume
1.31M
Average daily volume
Market cap
3.99B HKD
Beta
0.18
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
28.68B CNY
P/E (TTM)
-0.74×
P/B (TTM)
13.46×
P/S (TTM)
0.47×
EV / EBITDA
-5.45×
Earnings yield
-403.94%
Free cash flow yield
11.69%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
-19.37%
Operating margin
-94.64%
Net margin
-87.89%
Return on equity
-917.86%
Return on assets
-16.39%
Return on invested capital
-27.44%

Financial health

Debt / equity
66.47×
Current ratio
0.16×
Altman Z-score
-1.3
Piotroski F-score
2 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends41%-28%-96%-165%Gross margin, FY2021: 23.61%Gross margin, FY2022: 14.47%Gross margin, FY2023: 8.13%Gross margin, FY2024: 2.57%Gross margin, FY2025: -39.05%Operating margin, FY2021: 16.72%Operating margin, FY2022: 7.45%Operating margin, FY2023: -6.37%Operating margin, FY2024: -34.41%Operating margin, FY2025: -147.76%Net margin, FY2021: 6.26%Net margin, FY2022: 0.99%Net margin, FY2023: -4.82%Net margin, FY2024: -32.60%Net margin, FY2025: -134.10%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 23.61%. Gross margin FY2022 14.47%. Gross margin FY2023 8.13%. Gross margin FY2024 2.57%. Gross margin FY2025 -39.05%. Operating margin FY2021 16.72%. Operating margin FY2022 7.45%. Operating margin FY2023 -6.37%. Operating margin FY2024 -34.41%. Operating margin FY2025 -147.76%. Net margin FY2021 6.26%. Net margin FY2022 0.99%. Net margin FY2023 -4.82%. Net margin FY2024 -32.60%. Net margin FY2025 -134.10%.

Income trends

Revenue

6.19B CNY-72.78%

Operating income

−9.14B CNY-16.88%

Net income

−8.3B CNY-11.94%
Income trends across reported periods37.24B CNY20.37B CNY3.51B CNY−13.36B CNYRevenue, FY2021: 33.02B CNYRevenue, FY2022: 32B CNYRevenue, FY2023: 26.61B CNYRevenue, FY2024: 22.73B CNYRevenue, FY2025: 6.19B CNYOperating income, FY2021: 5.52B CNYOperating income, FY2022: 2.38B CNYOperating income, FY2023: −1.69B CNYOperating income, FY2024: −7.82B CNYOperating income, FY2025: −9.14B CNYNet income, FY2021: 2.07B CNYNet income, FY2022: 317.36M CNYNet income, FY2023: −1.28B CNYNet income, FY2024: −7.41B CNYNet income, FY2025: −8.3B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 33.02B CNY. Revenue FY2022 32B CNY. Revenue FY2023 26.61B CNY. Revenue FY2024 22.73B CNY. Revenue FY2025 6.19B CNY. Operating income FY2021 5.52B CNY. Operating income FY2022 2.38B CNY. Operating income FY2023 −1.69B CNY. Operating income FY2024 −7.82B CNY. Operating income FY2025 −9.14B CNY. Net income FY2021 2.07B CNY. Net income FY2022 317.36M CNY. Net income FY2023 −1.28B CNY. Net income FY2024 −7.41B CNY. Net income FY2025 −8.3B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue6.19B CNY22.73B CNY26.61B CNY32B CNY33.02B CNY
Cost of goods sold8.6B CNY22.14B CNY24.45B CNY27.37B CNY25.22B CNY
Gross profit−2.42B CNY584.65M CNY2.16B CNY4.63B CNY7.8B CNY
Research and development93.26M CNY1.08B CNY1.16B CNY1.29B CNY1.45B CNY
Selling, general, and administrative118.65M CNY402.88M CNY404.56M CNY506.84M CNY699.77M CNY
Operating expenses6.73B CNY8.41B CNY3.86B CNY2.28B CNY2.75B CNY
Interest income88.94M CNY182.48M CNY706.17M CNY309.99M CNY587.29M CNY
Interest expense1.6B CNY1.87B CNY1.91B CNY1.77B CNY2.65B CNY
Depreciation and amortization2.33B CNY2.37B CNY2.32B CNY2.32B CNY2.43B CNY
Operating income−9.14B CNY−7.82B CNY−1.69B CNY2.38B CNY5.52B CNY
Net income−8.3B CNY−7.41B CNY−1.28B CNY317.36M CNY2.07B CNY

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
-2.83
FY2025
Latest fiscal-year revenue
6.19B CNY
FY2025 · -72.78% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend0.9-0.46-1.81-3.17FY21FY22FY23FY24FY25

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend35.7B24.97B14.24B3.5BFY21FY22FY23FY24FY25

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.2239

2021 complete year-50.5% since 2017

Corporate action history

Dividend

Ex-dividend Jun 23, 2021

HK$0.185

Annual

Record Jun 24, 2021 · Payment Aug 18, 2021

Dividend

Ex-dividend Jun 23, 2020

HK$0.1603

Annual

Record Jun 24, 2020 · Payment Aug 19, 2020

Dividend

Ex-dividend Jun 13, 2019

HK$0.2731

Annual

Record Jun 14, 2019 · Payment Aug 9, 2019

Dividend

Ex-dividend Jun 15, 2018

HK$0.735

Monthly

Record Jun 19, 2018 · Payment Aug 10, 2018

Dividend

Ex-dividend Apr 25, 2017

HK$1.0172

Annual

Record Apr 26, 2017 · Payment Jun 20, 2017

Dividend

Ex-dividend May 20, 2016

HK$0.5358

Annual

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