Morning Song Paper Co., Ltd. (01812.HK) expects a net loss attributable to shareholders of approximately 700 million to 800 million yuan in the first half of the year.

Intelligence Finance APP News, Chenming Paper (01812.HK) announced that it is expected to have a net loss attributable to shareholders of the listed company of RMB 700 million to 800 million in the first half of 2026, compared to a loss of RMB 3.858 billion in the same period last year. During this reporting period, the company actively adapted to market changes, strengthened fine management, and implemented a series of measures such as setting clear strategic operational objectives, streamlining organizational structure, improving management systems, optimizing logistics and transportation, promoting technological improvements, strengthening equipment maintenance, and expanding diverse sales channels. These efforts have led to a balanced production and sales, further cost reductions, and a significant decrease in overall operating losses for the company. During the reporting period, all production bases of the company resumed operations, with a significant increase in production and sales compared to the same period last year, and a significant decrease in losses from shutdowns. The company actively negotiated with creditors to further reduce interest rates, leading to a significant decrease in financial expenses. In the fourth quarter of last year, the company divested all assets related to financing leasing business, resulting in a significant decrease in credit impairment losses and asset impairment losses compared to the previous reporting period.