After a public announcement shook the market, shandong chenming paper's AH stock prices both plummeted today, with many banks stating that there is currently no crediting cooperation.

①Affected by related news, shandong chenming paper's AH stocks opened with significant declines today. ②As a star enterprise in shandong, shandong chenming paper once became a key target for banks' public relations and investments. ③Several bank representatives told the China Finance News that there is currently no crediting cooperation with shandong chenming paper. Some banks still have ongoing collaborations, but their exposure is continuously being reduced.

cls.cnNov 20 14:07

"Is life as fragile as paper"? Product price drops + debt defaults, former leading shandong chenming paper group suspends production on a large scale | Announcement in Brief

① Shandong Chenming Paper has 2.394 billion in debt overdue, and over 70% of its production capacity is restricted; ② The company blames its difficulties on industry impacts, but its performance significantly lags behind competitors; ③ The company's production halt has led to a shortage of coated paper, which may help boost the coated paper market; ④ Besides papermaking, the company also has a sizable financing leasing business; ⑤ As early as 2023, its financing leasing business has already faced a crisis.

cls.cnNov 19 22:57

How is the outlook for the papermaking peak season? Manufacturers are cautiously optimistic, with cost control still being the main theme|Industry News

1. The papermaking peak season has started, and many paper mills hold cautious optimism expectations; 2. The industry was flat in the first three quarters, and the cost advantages of leading paper enterprises are showing; 3. There are many factors causing differences in gross profit of paper enterprises, with inventory management being the ****e pressure of rising paper prices in Q4 still exists, and paper enterprises still need to compete in cost control.

cls.cnOct 8 22:07

Lee & Man Paper Manufacturing Limited Goes Ex Dividend Today

Seeking AlphaAug 15 21:08

Frequent news of production cuts and shutdowns has surged costs, and the outlook for paper companies in Q2 is bleak

“Due to the sharp rise in pulp board prices, our costs have increased dramatically. At the same time, it was difficult to raise prices in the finished product market, and the company suffered unprecedented losses and decided to stop production and maintenance of the No. 1 and No. 2 paper machines.” Recently, several household paper companies in Hebei issued shutdown notices.

cls.cnApr 20 10:09

Futu Morning Post | Wall Street raised gold price expectations one after another: Goldman Sachs 2700, Bank of America 3000, UBS 4000!

Federal Reserve Collins: Inflation will continue to slow, and interest rates are expected to be cut twice this year; 50% price cut! Tesla's monthly rent for fully automated driving is now only $99; the biggest risk of “weight loss elixir” has been eliminated! European Medicines Agency: Drugs such as Wegovy have nothing to do with suicide.

Futu NewsApr 15 08:23