Shandong Chenming Paper Foresees Wider Loss in 2024

MT Newswires Live

2025/01/24

Shandong Chenming Paper (HKG:1812) expects its attributable loss to widen to range between 6.50 billion yuan and 7.50 billion yuan in 2024 from 1.28 billion yuan in 2023, according to a Thursday filing with the Hong Kong stock exchange.

Loss per share is seen to widen to between 2.21 yuan and 2.56 yuan from 0.45 yuan in the year-ago period, the filing said.

The foreseen decline is attributable to price declines of its major products, as well as higher loan loss provisions for some finance lease customers, the filing said.

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