HK Stock Market Move | CHENMING PAPER (01812) falls more than 6%, the company's main production base is shut down for maintenance, and it is expected to turn losses of more than 3.5 billion yuan in the first half of the year.

CHENMING PAPER (01812) fell more than 6%, with a decrease of 6.41% as of press time, trading at 0.73 Hong Kong dollars with a turnover of 1.651 million Hong Kong dollars. On the news front, CHENMING PAPER announced that it is expected to incur a net loss attributable to shareholders of the listed company of 3.5 billion to 4 billion yuan in the first half of 2025, with a non-net loss of 32.7 billion to 37.7 billion yuan, a year-on-year profit to loss. During the reporting period, the company's main production base is still in a state of shutdown and maintenance, resulting in a significant decline in production and sales volume, leading to a sharp drop in revenue and profit; Due to the shutdown, the company has made provisions for impairment and bad debts for some assets and receivables. The company stated that with the strong support of governments at all levels and financial institutions, it will continue to make every effort to raise working capital through multiple channels, and will gradually resume production at various production bases based on the financial situation and market conditions, achieving continued stable operation of the company.