广发证券指出，据公司24年三季度报告显示，24年Q1-3利润转亏，实现归母净利润-7.1亿元，经营明显承压。同时，部分金融机构存在压缩贷款金额的现象，导致公司短期流动资金紧张，债务偿还能力减弱。此外，由于部分债务及担保逾期，公司及子公司可能面临承担违约金、滞纳金及其它罚款的风险，导致公司财务费用增加，融资能力同样面临下行风险。Shandong Chenming Paper (01812) fell nearly 4% again, as of the time of writing, it dropped 3.85%, reported at 1.25 HKD, with a transaction volume of 6.6844 million HKD.
According to Zhitong Finance APP, Shandong Chenming Paper (01812) fell nearly 4% again, as of the time of writing, it dropped 3.85%, reported at 1.25 HKD, with a transaction volume of 6.6844 million HKD.
In news, Shandong Chenming Paper announced that since the third quarter, the prices of its main products, especially white card paper prices, have continued to decline, leading to severe operating losses for the company. Additionally, some financial institutions have reduced the company's loan scale, resulting in tight working capital. To reduce losses, since November, the company has implemented production restrictions and shutdowns at some production bases.
GF Sec pointed out that according to the company's Q3 2024 report, the profits for Q1-3 of 2024 have turned into losses, achieving a net income of -0.71 billion yuan attributable to the parent company, with operations clearly under pressure. At the same time, some financial institutions are reducing loan amounts, leading to tight short-term working capital and weakened debt repayment capacity. Furthermore, due to some debts and guarantees being overdue, the company and its subsidiaries may face the risk of incurring default penalties, late fees, and other fines, resulting in increased financial expenses and also facing downward risks in financing capacity.
