2024 Interim Report Summary of Shandong Chenming Paper Holdings Limited
Stock code: 000488 200488 Stock abbreviation: Chenming Paper Chenming B Announcement No.: 2024-044
2024 Interim Report Summary of
Shandong Chenming Paper Holdings Limited
I. IMPORTANT NOTICE
This interim report summary is extracted from the text of the interim report. For the full understanding of the
operating results, the financial position and the plan for further development of the Company, investors should
carefully read the text of the interim report published on the media as designated by the CSRC.
All directors have attended the board meeting to review this report.
Notice of non-standard auditor’s opinion
□ Applicable Not applicable
A proposed profit distribution plan or a proposed plan on conversion of capital reserves into share capital for the
reporting period was considered by the Board
□ Applicable Not applicable
The Company proposes not to distribute cash dividend, issue bonus shares, or capitalise from capital reserves.
A proposed profit distribution plan on preference shares for the reporting period was approved by the Board
□ Applicable Not applicable
II. BASIC INFORMATION ABOUT THE COMPANY
1. Company profile
晨鸣纸业 000488
Stock abbreviation Stock code
晨鸣 B 200488
Stock exchange on which
Shenzhen Stock Exchange
the shares are listed
Stock abbreviation CHENMING PAPER Stock code 01812
Stock exchange on which
The Stock Exchange of Hong Kong Limited
the shares are listed
Stock abbreviation before
Nil
the change
Contact persons and Hong Kong Company
Secretary to the Board Representatives for Securities Affairs
contact methods Secretary
Name Yuan Xikun Zhang Chuanyong Chen Lin Chu Hon Leung
friend537@163.co ZQCL0536@163.co
Email address chenmmingpaper@163.com liamchu@li-partners.com
m m
No.2199 East Nongsheng Road, No. 2199 East Nongsheng Road, 22nd Floor, World Wide
Office address
Shouguang City, Shandong Province Shouguang City, Shandong Province House, Central, Hong Kong
Telephone 0536-2158008 0536-2158008 00852-21629600
2. Major accounting data and financial indicators
Retrospective adjustment to or restatement of the accounting data for prior years by the Company
□ Yes No
Increase/decrease for the
The corresponding reporting period as compared to
The reporting period
the corresponding period of the
period of the prior year
prior year
Revenue (RMB) 13,884,731,519.04 12,564,962,781.31 10.50%
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2024 Interim Report Summary of Shandong Chenming Paper Holdings Limited
Net profit attributable to shareholders of the
28,646,205.42 -688,080,164.10 104.16%
Company (RMB)
Net profit after extraordinary gains or losses
-270,865,043.51 -811,839,217.49 66.64%
attributable to shareholders of the Company (RMB)
Net cash flows from operating activities (RMB) 1,992,499,393.07 1,783,087,747.59 11.74%
Basic earnings per share (RMB per share) 0.01 -0.25 104.00%
Diluted earnings per share (RMB per share) 0.01 -0.25 104.00%
Rate of return on weighted average net assets 0.17% -4.15% 增加 4.32 个百分点
Increase/decrease as at the end of
As at the end of the As at the end of the
the reporting period as compared
reporting period prior year
to the end of the prior year
Total assets (RMB) 77,501,281,219.73 79,487,052,953.58 -2.50%
Net assets attributable to shareholders of the
16,628,929,026.08 16,692,175,196.53 -0.38%
Company (RMB)
3. Number of shareholders and shareholding of the Company
Unit: Shares
Total number of ordinary 138,850, of which 118,008 were holders of A Total number of holders of preference
shareholders as at the end of the shares, 20,519 were holders of B shares and shares with restored voting right as at 0
reporting period 323 were holders of H shares the end of the reporting period
Shareholding of top 10 shareholders (excluding the shares lent under refinancing business)
Shares pledged, tagged
Number of
Percentage of Number of or locked-up
Name of shareholders Nature of shareholders restricted
shareholding shares held Status of
shares held Number
shares
CHENMING HOLDINGS
State-owned legal person 15.47% 457,322,919 0 Pledged 288,778,200
COMPANY LIMITED
HKSCC NOMINEES LIMITED Overseas legal person 12.63% 373,430,775 0
CHENMING HOLDINGS (HONG
Overseas legal person 12.32% 364,131,563 0
KONG) LIMITED (Note 1)
Chen Hongguo Domestic natural person 0.85% 25,080,044 18,810,033
SHANDONG SUN HOLDINGS Domestic non-state-
0.84% 24,827,117 0
GROUP CO., LTD. owned legal person
CHINA MERCHANTS
Overseas legal person 0.72% 21,186,095 0
SECURITIES (HK) CO., LIMITED
VANGUARD TOTAL
INTERNATIONAL STOCK INDEX Overseas legal person 0.50% 14,771,945 0
FUND
VANGUARD EMERGING
Overseas legal person 0.49% 14,535,446 0
MARKETS STOCK INDEX FUND
HONG KONG SECURITIES
Overseas legal person 0.42% 12,305,222 0
CLEARING COMPANY LIMITED
Xu Hekun Domestic natural person 0.23% 6,789,900 0
A shareholder, Chenming Holdings (Hong Kong) Limited, which is an overseas legal person, is a
wholly-owned subsidiary of a shareholder, Chenming Holdings Company Limited, which is a
Related party relationship or acting in state-owned legal person; A shareholder, Chen Hongguo, is the legal representative and chairman
concert among the above shareholders of Chenming Holdings Company Limited. Save for the above, it is not aware that any other
shareholders of tradable shares are persons acting in concert. It is also not aware that any other
shareholders of tradable shares are related to each other.
Chenming Holdings Company Limited held 457,322,919 RMB ordinary shares, of which
326,322,919 shares were held through ordinary account and 131,000,000 shares were held
Securities margin trading of through credit guarantee security account;
shareholders Shandong Sun Holdings Group Co., Ltd. held 24,827,117 RMB ordinary shares, of which no
share was held through ordinary account and24,827,117 shares were held through credit
guarantee security account.
Note 1: In order to meet its own capital needs, Chenming Holdings (Hong Kong) Limited conducted share financing
business with overseas institutions, entrusting 210,717,563 B shares and 153,414,000 H shares of the Company held
by it to the custody brokerage designated by overseas institutions. The aforesaid shares were subject to the risk of not
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2024 Interim Report Summary of Shandong Chenming Paper Holdings Limited
to be recovered, which may lead to a reduction in the Company’s shareholding, but does not affect Chenming
Holdings’ position as the largest shareholder, and does not affect the Company’s control. For details, please refer to
the announcement disclosed by the Company on CNINFO on 18 July 2023 (announcement no.: 2023-058) and the
insider information disclosed by the Company on the website of Hong Kong Stock Exchange on 18 July 2023.
Share lending by shareholders with more than 5% shareholding, top 10 shareholders and top 10 holders of non-
restricted shares under refinancing business
□ Applicable Not applicable
Change of top 10 shareholders and top 10 holders of non-restricted shares during the prior period as a result of share
lending/return under refinancing arrangement
□ Applicable Not applicable
4. Change of controlling shareholders or beneficial controllers
Change of controlling shareholders during the reporting period
□ Applicable Not applicable
There was no change of controlling shareholders of the Company during the reporting period.
Change of beneficial controllers during the reporting period
□ Applicable Not applicable
There was no change of beneficial controllers of the Company during the reporting period.
5. Total number of holders of preference shares and the shareholdings of top ten holders of preference shares
□ Applicable Not applicable
There was no shareholding of holders of preference shares of the Company during the reporting period.
6. Bonds subsisting as at the date of approval of the interim report
□ Applicable Not applicable
III. Matters of significance
1. Disposal of equity interest in Yujing Hotel to focus on the principal business of pulp production and
paper making
In order to further focus on the development of its principal business of pulp production and paper making,
divest the non-principal business, continuously optimise its asset structure, improve its asset quality, increase its cash
inflow and enhance its profitability, the Company transferred its 90.05% equity interest in Shandong Yujing Grand
Hotel Co., Ltd.* (山東御景大酒店有限公司) (“Yujing Hotel”) and the debts of Yujing Hotel payable to the
Company amounting to RMB193.5072 million to Shouguang Chenming Guangyuan Real Property Company
Limited* ( 壽 光 晨 鳴 廣 源 地 產 有 限 公 司 ), a related party, for a consideration of RMB356.5 million. The
consideration was determined based on the Asset Valuation Report (Tian Hao Zi Ping Bao Zi [2024] J No. 0004),
with 31 December 2023 as its benchmark date, prepared by Tinho International Real Estate Land Assets Appraisal
Group Co. Ltd* (天昊國際房地產土地資產評估集團有限公司). Upon completion of the transaction, the Company
ceased to have any equity interest in Yujing Hotel.
For details, please refer to the relevant announcement disclosed by the Company on CNINFO on 23 March
2024 (announcement number: 2024-008) and the relevant connected transaction announcement disclosed by the
Company on the website of Hong Kong Stock Exchange on 24 March 2024.
The Board of Shandong Chenming Paper Holdings Limited
14 August 2024
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