Chenming Paper's Production Sites Resume Full Operations

Stock News
Mar 16

Chenming Paper (01812) has announced that, with strong support from party committees, governments, and financial institutions at all levels, the company has comprehensively strengthened its management and adjusted its product structure according to market conditions. It has also methodically resumed production at its manufacturing bases. As of the date of this announcement, all five major production bases—Shouguang, Zhanjiang, Huanggang, Jiangxi, and Jilin—have fully resumed operations, restoring the company's overall production capacity to 100%. The full resumption of production at these five bases is expected to effectively improve the company's operating cash flow and gradually restore its self-sustaining capabilities. Moving forward, the company will focus on reducing costs and increasing efficiency across all processes, as well as developing new products in all areas, to continuously enhance profitability and market competitiveness. These efforts aim to effectively resolve debt risks and promote sustainable, stable, and healthy development.

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