HK Stock Market Move | CHENMING PAPER (01812) fell over 3%, with expected loss to expand to at most 8.8 billion yuan by 2025.

CHENMING PAPER (01812) fell more than 3%, closing at a 3.53% drop at 0.82 Hong Kong dollars, with a turnover of 1.3429 million Hong Kong dollars. On the news side, on the evening of January 30, CHENMING PAPER issued a profit warning. For the period from January 1, 2025 to December 31, 2025 (this reporting period), the company expects a net loss attributable to the shareholders of the listed company of 8.2 billion to 8.8 billion yuan, an increase from the net loss of about 7.411 billion yuan in the same period last year; the net loss after deducting non-recurring gains and losses is 7.55 billion to 8.15 billion yuan. The announcement stated that the reason for the performance change is that the Huanggang base is producing normally in 2025, while the Shouguang, Jiangxi, and Jilin bases have basically stopped production in the first to third quarters, and the Zhanjiang base has stopped production for the whole year. During the period, the losses and maintenance costs due to the shutdown increased compared to the previous year, and the production and sales volume decreased significantly, affecting revenue and profit; at the same time, due to the shutdown, the company made impairment provisions for some assets, further affecting the current profit.