[中报]ST晨鸣B(200488):2025年半年度报告摘要（英文版）
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时间：2025年08月30日 00:26:46 中财网 |
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原标题:
ST晨鸣B:2025年半年度报告摘要（英文版）
Stockcode:000488 200488 Stockabbreviation:STChenmingSTChenmingB AnnouncementNo.:2025-0522025InterimReportSummaryof
ShandongChenmingPaperHoldingsLimited
I.IMPORTANTNOTICE
Thisinterimreportsummaryisextractedfromthetextoftheinterimreport.Forthefullunderstandingoftheoperatingresults,the
financialpositionandtheplanforfurtherdevelopmentoftheCompany,investorsshouldcarefullyreadthetextoftheinterim
reportpublishedonthemediaasdesignatedbytheCSRC.
Alldirectorshaveattendedtheboardmeetingtoreviewthisreport.
Noticeofnon-standardauditor’sopinion
□Applicable?Notapplicable
Aproposedprofitdistributionplanoraproposedplanonconversionofcapitalreservesintosharecapitalforthereportingperiod
wasconsideredbytheBoard
□Applicable?Notapplicable
TheCompanyproposesnottodistributecashdividend,issuebonusshares,orcapitalisefromcapitalreserves.AproposedprofitdistributionplanonpreferencesharesforthereportingperiodwasapprovedbytheBoard□Applicable?Notapplicable
II.BASICINFORMATIONABOUTTHECOMPANY
1.Companyprofile
| Stockabbreviation | STChenming | Stockcode | 000488 | |
| | STChenmingB | | | |
| | | | 200488 | |
| Stockexchangeonwhich
thesharesarelisted | ShenzhenStockExchange | | | |
| Stockabbreviation | CHENMINGPAPER | Stockcode | 01812 | |
| Stockexchangeonwhich
thesharesarelisted | TheStockExchangeofHongKongLimited | | | |
| Stockabbreviationbefore
thechange | N/A | | | |
| Contactpersonsandcontact
methods | SecretarytotheBoard | RepresentativesforSecuritiesAffairs | | HongKongCompany
Secretary |
| Name | YuanXikun | ZhangChuanyong | ChenLin | ChuHonLeung |
| Emailaddress | [email protected] | [email protected] | [email protected] | [email protected] |
| Officeaddress | No. 2199 East Nongsheng
Road, Shouguang City,
ShandongProvince | No.2199EastNongshengRoad,Shouguang
City,ShandongProvince | 22nd Floor, World Wide
House, Central, Hong
Kong | |
| Telephone | 0536-2158008 | 0536-2158008 | 00852-21629600 | |
2.Majoraccountingdataandfinancialindicators
RetrospectiveadjustmenttoorrestatementoftheaccountingdataforprioryearsbytheCompany□Yes?No
| | Thereporting
period | Thecorresponding
periodoftheprior
year | Increase/decreaseforthe
reportingperiodas
comparedtothe
correspondingperiodof
theprioryear |
| Revenue(RMB) | 2,106,630,952.30 | 13,884,731,519.04 | -84.83% |
| NetprofitattributabletoshareholdersoftheCompany
(RMB) | -3,857,953,190.56 | 28,646,205.42 | -13,567.59% |
| Netprofitafterextraordinarygainsorlossesattributable
toshareholdersoftheCompany(RMB) | -3,645,363,615.81 | -270,865,043.51 | -1,245.82% |
| Netcashflowsfromoperatingactivities(RMB) | 785,303,274.19 | 1,992,499,393.07 | -60.59% |
| Basicearningspershare(RMBpershare) | -1.31 | 0.01 | -13,200.00% |
| Dilutedearningspershare(RMBpershare) | -1.31 | 0.01 | -13,200.00% |
| Weightedaveragereturnonnetassets | -53.39% | 0.17% | Decreaseby53.56
percentagepoints |
| | Asattheendofthe
reportingperiod | Asattheendofthe
prioryear | Increase/decreaseasat
theendofthereporting
periodascomparedtothe
endoftheprioryear |
| Totalassets(RMB) | 54,698,875,991.74 | 63,509,295,142.08 | -13.87% |
| NetassetsattributabletoshareholdersoftheCompany
(RMB) | 5,318,763,216.33 | 9,156,104,358.91 | -41.91% |
3.NumberofshareholdersandshareholdingoftheCompany
Unit:Shares
| Totalnumberofordinary
shareholdersasattheendof
thereportingperiod | 117,668,ofwhich99,783wereholdersof
Ashares,17,568wereholdersofBshares
and317wereholdersofHshares | Totalnumberofholdersofpreferenceshares
withrestoredvotingrightasattheendofthe
reportingperiod | 0 | | | |
| Shareholdingoftop10shareholders(excludingtheshareslentunderrefinancingbusiness) | | | | | | |
| Nameofshareholders | Natureof
shareholders | Percentageof
shareholding | Numberofshares
held | Numberof
restricted
sharesheld | Sharepledged,markedor
frozen | |
| | | | | | Statusof
shares | Number |
| CHENMINGHOLDINGSCOMPANY
LIMITED | State-owned
legalperson | 15.50% | 455,781,319 | 0 | Pledged | 386,811,546 |
| | | | | | Frozen | 409,956,441 |
| HKSCCNOMINEESLIMITED | Overseaslegal
person | 12.69% | 373,409,775 | 0 | | |
| CHENMINGHOLDINGS(HONG
KONG)LIMITED(Note1) | Overseaslegal
person | 12.38% | 364,131,563 | 0 | | |
| JinXing | Domestic
naturalperson | 1.27% | 37,385,427 | 0 | | |
| ChenHongguo(Note2) | Domestic
naturalperson | 0.65% | 19,080,044 | 12,810,033 | Frozen | 19,080,044 |
| JiZhongqiu | Domestic
naturalperson | 0.23% | 6,887,174 | 0 | | |
| XuHekun | Domestic
naturalperson | 0.23% | 6,789,900 | 0 | | |
| GUOTAIJUNANSECURITIES(HONG
KONG)LIMITED | Overseaslegal
person | 0.20% | 5,961,570 | 0 | | |
| ZouShilin | Domestic
naturalperson | 0.20% | 5,908,307 | 0 | | |
| VANGUARDTOTALINTERNATIONAL
STOCKINDEXFUND | Overseaslegal
person | 0.19% | 5,533,559 | 0 | | |
| Relatedpartyrelationshiporactingin
concertamongtheaboveshareholders | Ashareholder,ChenmingHoldings(HongKong)Limited,whichisanoverseaslegal
person,isawholly-ownedsubsidiaryofashareholder,ChenmingHoldingsCompany
Limited,whichisastate-ownedlegalperson.Savefortheabove,itisnotawarethatany
othershareholdersoftradablesharesarepersonsactinginconcert.Itisalsonotaware
thatanyothershareholdersoftradablesharesarerelatedtoeachother. | | | | | |
| Securitiesmargintradingofshareholders | ChenmingHoldingsCompanyLimitedheld455,781,319RMBordinaryshares,ofwhich
409,956,441shareswereheldthroughordinaryaccountand45,824,878shareswereheld
throughcreditguaranteesecurityaccount. | | | | | |
Note1:Inordertomeetitsowncapitalneeds,ChenmingHoldings(HongKong)Limitedconductedsharefinancingbusinesswith
overseasinstitutions,entrusting210,717,563Bsharesand153,414,000HsharesoftheCompanyheldbyittothecustody
brokeragedesignatedbyoverseasinstitutions.Theaforesaidsharesweresubjecttotheriskofnottoberecovered,whichmaylead
toareductionintheCompany’sshareholding,butdoesnotaffectChenmingHoldings’positionasthelargestshareholder,and
doesnotaffecttheCompany’scontrol.Fordetails,pleaserefertotheannouncementdisclosedbytheCompanyonCNINFOon18
July2023(announcementno.:2023-058)andtheinsiderinformationdisclosedbytheCompanyonthewebsiteofHongKong
StockExchangeon18July2023.
Note2:On1November2024,pursuanttothe2020RestrictedAShareIncentiveScheme(Draft),theCompanymadepaymentsto
theparticipantsfortherepurchaseofrestrictedsharesnotyetunlockedforthethirdunlockingperiodunderthe2020RestrictedA
ShareIncentiveScheme.Intheprocessofcompletingtheproceduresforthesharetransferandcancellation,the6,000,000
restrictedsharesheldbyMr.ChenHongguowerejudiciallyfrozen.Hence,theproceduresforthetransferandcancellationofsuch
restrictedshareswerenotyetcompletedwiththeShenzhenBranchofChinaSecuritiesDepositoryandClearingCorporation
sharestobecancelledundertheshareincentivescheme.
Sharelendingbyshareholderswithmorethan5%shareholding,top10shareholdersandtop10holdersofnon-restrictedshares
underrefinancingbusiness
□Applicable?Notapplicable
Changeoftop10shareholdersandtop10holdersofnon-restrictedsharesduringthepriorperiodasaresultofsharelending/return
underrefinancingarrangement
□Applicable?Notapplicable
4.Changeofcontrollingshareholdersorbeneficialcontrollers
Changeofcontrollingshareholdersduringthereportingperiod
□Applicable?Notapplicable
TherewasnochangeofcontrollingshareholdersoftheCompanyduringthereportingperiod.Changeofbeneficialcontrollersduringthereportingperiod
□Applicable?Notapplicable
TherewasnochangeofbeneficialcontrollersoftheCompanyduringthereportingperiod.5.Totalnumberofholdersofpreferencesharesandtheshareholdingsoftoptenholdersofpreferenceshares
□Applicable?Notapplicable
TherewasnoshareholdingofholdersofpreferencesharesoftheCompanyduringthereportingperiod.6.Bondssubsistingasatthedateofapprovaloftheinterimreport
□Applicable?Notapplicable
III.Materialmatters
1.Overdueofsomeofthedebts,freezingofsomeofthebankaccountsandshutdownofproductionbasesInrecentyears,thecontradictionbetweensupplyanddemandintheshorttermhasbeenprominentduetotheconcentrationof
newproductioncapacityinthepaperindustrycomingintoproduction.ThepricesoftheCompany’smajorpaperproducts,in
particular the price of white cardboard, have declined significantly under the influence of the supply-demand contradiction.
Subsequently,theprofitleveloftheCompanyhasbeencontinuouslydecreasing,andtheCompanyhaseventurnedfromprofitsinto
losses;coupledwiththesituationwheresomefinancialinstitutionshavedownsizedtheloanscale,theCompanyanditssubsidiaries
have,duringcertainphases,facedissuesoffailingtorepaysomedebtsasscheduled.Inresponse,somecreditorshavefiledlawsuits
againstthesedebtsinthecourtandsimultaneouslyappliedforpropertypreservation,andthecourthasmadearulingtofreezesome
ofthebankaccountsoftheCompanyanditssubsidiaries.Inaddition,sincethefourthquarterof2024,certainproductionbasesof
theCompanyhavebeenshutdownandmaintained.TheCompanyhasdisclosedtheaforementionedmattersinaccordancewiththe
relevantrequirementsoftheRulesGoverningListingofStocksonShenzhenStockExchange.Asattheendofthereportingperiod,
theCompany’scumulativeoverduedebtsamountedtoRMB3,821million,with332bankaccountsfrozen.Thecumulativefrozen
amountofthefrozenbankaccountsamountedtoRMB39.3805million(excludingdeposits).Certainproductionlinesofthe
Companywerestillshutdownandmaintained.
Fordetails,pleaserefertotherelevantannouncementsdisclosedbytheCompanyonCNINFOon20November2024,21December2024,24January2025and1April2025(AnnouncementsNo.:2024-073,2024-079,2025-003and2025-031)andthe
announcementsdisclosedbytheCompanyonthewebsiteofHongKongStockExchangeon19November2024,20December2024,
23January2025and31March2025.
2.PostponementoftheelectionsofthenewsessionsoftheBoardandtheSupervisoryCommitteeThetermsofofficeofthetenthsessionsoftheBoardandtheSupervisoryCommitteeoftheCompanyexpiredon15June2025.
Inthelightof,amongothers,therequirementsoftheGuidelinesfortheArticlesofAssociationofListedCompaniesandthe
TransitionalArrangementsfortheImplementationoftheSupportingRulesoftheNewCompanyLawissuedbytheChinaSecurities
RegulatoryCommission,andtheamendedsupportingrulesofShenzhenStockExchange,theCompanyproposedtosystematically
amenditsArticlesofAssociationandtherelatedinternalsystem,andtoholdelectionsofthenewsessions.Inordertoensurethe
continuityandstabilityoftheworkoftheBoardandtheSupervisoryCommitteeoftheCompany,there-electionofthetenthsessions
oftheBoardandtheSupervisoryCommitteeoftheCompanywaspostponed,andthetermsofofficeofvariousspecialcommittees
undertheBoardandtheSeniorManagementwereextendedaccordingly.Beforethecompletionoftheelectionsofthenewsessions,
allmembersofthetenthsessionoftheBoardandtheSupervisoryCommittee,andspecialcommitteesundertheBoardofthe
Company,andtheSeniorManagementcontinuetoperformtheirrespectivedutiesandobligationsinaccordancewith,amongothers,
relevantlawsandregulations,aswellastheRulesGoverningListingofStocksonShenzhenStockExchange,andtheArticlesof
Association.Asoftheendofthereportingperiod,theCompanywasactivelypreparingtheamendmentstotherelevantsystemsof
theCompanyandtheelectionsofthenewsessions.
Fordetails,pleaserefertotherelevantannouncementdisclosedbytheCompanyonCNINFOon14June2025(Announcement
No.:2025-045)andtheannouncementdisclosedbytheCompanyonthewebsiteofHongKongStockExchangeon13June2025.
3.DissolutionofShandongChenmingGroupFinanceCo.,Ltd.
On14August2024,theResolutiononDissolutionofShandongChenmingGroupFinanceCo.,Ltd.wasconsideredandapprovedatthetenthmeetingofthetenthsessionoftheBoardconvenedbytheCompany,pursuanttowhichtheBoardofthe
CompanyagreedtoauthorisethemanagementoftheCompanytodealwiththemattersrelatingtothedissolutionofShandong
ChenmingGroupFinanceCo.,Ltd.
On12February2025,ShandongChenmingGroupFinanceCo.,Ltd.receivedtheApprovaloftheNationalFinancialRegulatory
AdministrationontheDissolutionofShandongChenmingGroupFinanceCo.,Ltd.(JinFu[2025]No.86),whichapprovedthe
dissolutionofShandongChenmingGroupFinanceCo.,Ltd.ShandongChenmingGroupFinanceCo.,Ltd.willcompletetherelevant
proceduresinaccordancewiththerequirementsofrelevantlawsandregulations.Forrelevantdetails,pleaserefertotherelevantannouncementsdisclosedbytheCompanyonCNINFOon15August2024and
15February2025(announcementnumber:2024-047and2025-005)andtheannouncementsdisclosedbytheCompanyonthewebsiteofHongKongStockExchangeon14August2024and14February2025.4.TerminationofconstructionofHuanggangChenmingPhaseIIProjectOn25April2025and15May2025,theResolutiononTerminationofConstructionofHuanggangChenmingPhaseIIProjectwasconsideredandapprovedatthetwentiethextraordinarymeetingofthetenthsessionoftheBoardandthe2024annualgeneral
meeting,respectively.Inviewofmarketchangesanditscurrentoperations,inordertoavoidfurtherimpactofcapitalexpenditures
onliquidityandtoeffectivelysafeguardtheinterestsoftheCompanyandallshareholders,basedontheprincipleofprudence,the
CompanyterminatedtheconstructionoftheHuanggangChenmingPhaseIIProject.Forrelevantdetails,pleaserefertotherelevantannouncementsdisclosedbytheCompanyonCNINFOon26April2025and16
May2025(announcementnumber:2025-037and2025-042)andtheannouncementsdisclosedbytheCompanyonthewebsiteof
HongKongStockExchangeon25April2025and15May2025.
5.Informationdisclosureindexfor2025InterimReport
| Announcement
No. | Subjectmatter | Dateof
publication | Publicationwebsiteandindex |
| 2025-001 | AnnouncementonPartialReleaseofPledgeofSharesandRe-
PledgeofSharesofShareholder | 3January2025 | http://www.cninfo.com.cn |
| 2025-002 | AnnouncementonPartialReleaseofPledgeofSharesandPledge
andFreezingofSharesofShareholder | 24January2025 | http://www.cninfo.com.cn |
| 2025-003 | Announcement inRelationto,AmongOthers, theProgressin
Temporary Shutdown and Maintenance of Certain Production
BasesandCumulativeLitigation | 24January2025 | http://www.cninfo.com.cn |
| 2025-004 | 2024AnnualResultsForecast | 24January2025 | http://www.cninfo.com.cn |
| 2025-005 | Announcement on Progress of Dissolution of Shandong
ChenmingGroupFinanceCo.,Ltd. | 15February2025 | http://www.cninfo.com.cn |
| 2025-006 | AnnouncementonImpositionofOtherRiskWarningsinRespect
ofSharesoftheCompanyandSuspensionofTradinginSharesof
theCompany | 20February2025 | http://www.cninfo.com.cn |
| 2025-007 | Announcement on Unusual Price Movement of Shares of the
Company | 26February2025 | http://www.cninfo.com.cn |
| 2025-008 | AnnouncementonNewCumulativeLitigation | 1March2025 | http://www.cninfo.com.cn |
| 2025-009 | AnnouncementonProgressofEquityTransferofSubsidiaryand
RelatedPartyTransaction | 15March2025 | http://www.cninfo.com.cn |
| 2025-010 | AnnouncementonJudicialFreezeandWaitingFreezeofShares
HeldbyShareholders | 15March2025 | http://www.cninfo.com.cn |
| 2025-011 | 2024AnnualReportSummary | 1April2025 | http://www.cninfo.com.cn |
| 2025-012 | Announcement on Resolutions of theTwelfth Meeting of the
TenthSessionoftheBoardofDirectors | 1April2025 | http://www.cninfo.com.cn |
| 2025-013 | Announcement on Resolutions of theTwelfth Meeting of the
TenthSessionoftheSupervisoryCommittee | 1April2025 | http://www.cninfo.com.cn |
| 2025-014 | Noticeof2024AnnualGeneralMeeting | 1April2025 | http://www.cninfo.com.cn |
| 2025-015 | Announcementonthe2024AnnualOnlinePerformanceBriefing | 1April2025 | http://www.cninfo.com.cn |
| 2025-016 | SpecialStatementonSecuritiesInvestmentin2024 | 1April2025 | http://www.cninfo.com.cn |
| 2025-017 | AnnouncementonProposedNon-distributionofProfitfor2024 | 1April2025 | http://www.cninfo.com.cn |
| 2025-018 | AnnouncementonCarryingoutFactoringBusinessofAccounts
Receivable | 1April2025 | http://www.cninfo.com.cn |
| 2025-019 | Announcement on Development of Equipment Financing
Business | 1April2025 | http://www.cninfo.com.cn |
| 2025-020 | Announcement on Expected Provision of Guarantees to
Subsidiariesfor2025 | 1April2025 | http://www.cninfo.com.cn |
| 2025-021 | AnnouncementonRe-appointmentofAuditorfor2025 | 1April2025 | http://www.cninfo.com.cn |
| 2025-022 | Announcement on Estimated Day-to-day Related Party
Transactionsfor2025 | 1April2025 | http://www.cninfo.com.cn |
| 2025-023 | AnnouncementonChangesinAccountingPolicies | 1April2025 | http://www.cninfo.com.cn |
| 2025-024 | SpecialStatementoftheBoardofDirectorsonMattersRelatedto
the2024AuditReport | 1April2025 | http://www.cninfo.com.cn |
| 2025-025 | SpecialStatementoftheBoardofDirectorsonMattersRelatedto
the2024InternalControlAuditReport | 1April2025 | http://www.cninfo.com.cn |
| 2025-026 | The Opinion of the Supervisory Committee on the Special
StatementoftheBoardofDirectorsonMattersRelatedtothe
2024AuditReport | 1April2025 | http://www.cninfo.com.cn |
| 2025-027 | The Opinion of the Supervisory Committee on the Special
StatementoftheBoardofDirectorsonMattersRelatedtothe
2024InternalControlAuditReport | 1April2025 | http://www.cninfo.com.cn |
| 2025-028 | AnnouncementonImpositionofOtherRiskWarningsinRespect
ofSharesoftheCompany | 1April2025 | http://www.cninfo.com.cn |
| 2025-029 | ValuationEnhancementPlan | 1April2025 | http://www.cninfo.com.cn |
| 2025-030 | Announcement on the Waiting Freeze of Shares Held by
Shareholders | 1April2025 | http://www.cninfo.com.cn |
| 2025-031 | AnnouncementonCumulativeNewlyOverdueDebts | 1April2025 | http://www.cninfo.com.cn |
| 2025-032 | Indicative Announcement on Change in Shareholding of
ControllingShareholder | 12April2025 | http://www.cninfo.com.cn |
| 2025-033 | Announcement on the Partial Release of Pledge of Shares of
ShareholderandtheNewWaitingFreeze | 12April2025 | http://www.cninfo.com.cn |
| 2025-034 | AnnouncementonNewCumulatedLitigation | 12April2025 | http://www.cninfo.com.cn |
| 2025-035 | Announcement on Resolutions of the Twentieth Extraordinary
MeetingoftheTenthSessionoftheBoardofDirectors | 26April2025 | http://www.cninfo.com.cn |
| 2025-036 | AnnouncementonExternalGuaranteesProvidedbytheCompany
anditsMajority-ownedSubsidiaries | 26April2025 | http://www.cninfo.com.cn |
| 2025-037 | AnnouncementontheTerminationofConstructionofHuanggang
ChenmingPhaseIIProject | 26April2025 | http://www.cninfo.com.cn |
| 2025-038 | AnnouncementontheTransferofNon-ControllingShareholding
inaSubsidiaryoftheCompanytoHuanggangTechnologyand
theProvisionofGuaranteebyHuanggangChenming | 26April2025 | http://www.cninfo.com.cn |
| 2025-039 | AnnouncementontheAdditionofTemporaryProposalstothe
2024AnnualGeneralMeetingandSupplementaryNoticeofthe
GeneralMeeting | 26April2025 | http://www.cninfo.com.cn |
| 2025-040 | 2025FirstQuarterlyReport | 30April2025 | http://www.cninfo.com.cn |
| 2025-041 | Announcement on Participating in the2025 Online Collective
ReceptionDayforInvestorsofListedCompaniesinShandong | 14May2025 | http://www.cninfo.com.cn |
| 2025-042 | Resultsofthe2024AnnualGeneralMeeting | 16May2025 | http://www.cninfo.com.cn |
| 2025-043 | Announcement on Progress of Provision of Guarantee to a
Subsidiary | 16May2025 | http://www.cninfo.com.cn |
| 2025-044 | AnnouncementonNewCumulatedLitigation | 24May2025 | http://www.cninfo.com.cn |
| 2025-045 | IndicativeAnnouncement on Postponement of Election of the
BoardofDirectorsandtheSupervisoryCommittee | 14June2025 | http://www.cninfo.com.cn |
| 2025-046 | AnnouncementonProgressofLitigation | 28June2025 | http://www.cninfo.com.cn |
TheBoardofShandongChenmingPaperHoldingsLimited
29August2025
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