Core Points - Chenming Paper Industry (01812) announced the resignation of Mr. Hu Changqing as an authorized representative, effective from October 28, 2025 [1] - Mr. Jiang Yanshan, the executive director, has been appointed as the new authorized representative according to the Hong Kong Stock Exchange Listing Rules, effective from October 28, 2025 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴 該等內容而引致之任何損失承擔任何責任。 自胡長青先生卸任後，其同時不再擔任本公司授權代表，自二零二五年十月二十 八日生效，且本公司執行董事姜言山先生根據香港聯合交易所有限公司證券上市 規則第3.05條獲委任為本公司授權代表，自二零二五年十月二十八日生效。 承董事會命 山東晨鳴紙業集團股份有限公司 姜言山 主席 中國，山東 二零二五年十月三十日 山東晨鳴紙業集團股份有限公司 SHANDONG CHENMING PAPER HOLDINGS LIMITED* （於中華人民共和國註冊成立的股份有限公司） （股份代號：1812） 授權代表變更 茲提述山東晨鳴紙業集團股份有限公司（「本公司」）日期為二零二五年十月二十八 日的二零二五年第一次臨時股東大會結果公告，內容有關（其中包括）選舉本公司 第十一屆董事會。 於本公告日期，執行董事為姜言山先生、李偉先先生、劉培吉先生、孟峰先生和 朱艷麗女士；非執行董事為宋玉臣先生及王穎女士；及獨立非執行董事為張志元 先 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1812） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 山東晨鳴紙業集團股份有限公司 SHANDONG CHENMING PAPER HOLDINGS LIMITED* 茲載列山東晨鳴紙業集團股份有限公司在深圳證券交易所網站刊登日期為二零二 五年十月三十日的「山東晨鳴紙業集團股份有限公司關於計提資產減值準備的公 告」，僅供參閱。 承董事會命 山東晨鳴紙業集團股份有限公司 姜言山 主席 中國，山東 二零二五年十月三十日 於本公告日期，執行董事為姜言山先生、李偉先先生、劉培吉先生、孟峰先生 和朱艷麗女士；非執行董事為宋玉臣先生及王穎女士；及獨立非執行董事為 張志元先生、羅新華先生、萬剛先生及孔鵬志先生。 * 僅供識別 证券代码：000488 200488 证券简称：ST 晨鸣 ST 晨鸣 B 公告编号：2025 ...

Core Viewpoint - Morning Paper Industry (01812) reported a significant decline in revenue and a substantial increase in net loss for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The company achieved an operating revenue of approximately 3.348 billion, representing a year-on-year decrease of 83.11% [1] - The net loss attributable to shareholders reached 6.008 billion, which is an increase of 746.05% year-on-year [1] - The basic loss per share was reported at 2.05 yuan [1]

该议案已经公司董事会审计委员会审议通过。 证券代码：000488 200488 证券简称：ST 晨鸣 ST 晨鸣 B 公告编号：2025-071 山东晨鸣纸业集团股份有限公司 第十一届董事会第二次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 山东晨鸣纸业集团股份有限公司（以下简称"公司"）第十一届董事会第二 次会议通知于 2025 年 10 月 28 日以书面方式送达各位董事，会议于 2025 年 10 月 30 日以通讯方式召开。鉴于公司于 2025 年 10 月 28 日完成董事会换届选举，经第 十一届董事会全体董事一致同意，本次会议豁免了会议通知时间要求。本次会议 应出席董事 11 人，实际出席董事 11 人，会议的召集、召开程序符合国家有关法律 法规及《公司章程》的规定。 与会董事认真审议并一致通过了本次会议的各项议案，形成会议决议如下： 一、审议通过了《公司 2025 年第三季度报告》 本议案表决结果：同意票 11 票，反对票 0 票，弃权票 0 票。 详细内容请参阅同日披露在巨潮资讯网站（www.cninfo.com.cn）及香港联 ...

Core Viewpoint - ST晨鸣 reported a significant decline in revenue and net profit for the first three quarters of 2025, indicating severe financial challenges ahead [1] Financial Performance - The company achieved an operating revenue of 3.348 billion yuan, representing a year-on-year decrease of 83.11% [1] - The net profit attributable to shareholders was -6.008 billion yuan, indicating substantial losses [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -5.810 billion yuan [1] - The basic earnings per share stood at -2.05 yuan, reflecting the company's financial difficulties [1]

Core Viewpoint - Chenming Paper Industry (01812.HK) reported a significant decline in revenue and an increase in net loss for the third quarter of 2025, indicating ongoing financial challenges for the company [1] Financial Performance - Revenue for Q3 2025 was approximately RMB 1.241 billion, a year-on-year decrease of 79.1% [1] - Net loss for Q3 2025 was around RMB 2.15 billion, an increase of 191.02% year-on-year [1] - For the first three quarters of 2025, revenue totaled approximately RMB 3.348 billion, reflecting a year-on-year decrease of 83.11% [1] - Net loss for the first three quarters of 2025 reached about RMB 6.007 billion, marking a substantial increase of 746.05% year-on-year [1] - Basic earnings per share for Q3 2025 was -RMB 0.74 [1]

Core Insights - Morning Paper Industry (01812.HK) reported a significant decline in revenue and a substantial increase in net loss for Q3 2025 compared to the previous year [1] Financial Performance - Revenue for Q3 2025 was approximately RMB 1.241 billion, representing a year-on-year decrease of 79.1% [1] - The net loss for Q3 2025 was around RMB 2.15 billion, which is an increase of 191.02% year-on-year [1] - For the first three quarters of 2025, revenue totaled approximately RMB 3.348 billion, down 83.11% year-on-year [1] - The net loss for the first three quarters reached about RMB 6.007 billion, marking a staggering increase of 746.05% year-on-year [1]

山東晨鳴紙業集團股份有限公司 SHANDONG CHENMING PAPER HOLDINGS LIMITED* （於中華人民共和國註冊成立的股份有限公司） （股份代號：1812） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 山东晨鸣纸业集团股份有限公司（以下简称"公司"）第十一届董事会第二 次会议通知于 2025 年 10 月 28 日以书面方式送达各位董事，会议于 2025 年 10 月 30 日以通讯方式召开。鉴于公司于 2025 年 10 月 28 日完成董事会换届选举，经第 十一届董事会全体董事一致同意，本次会议豁免了会议通知时间要求。本次会议 应出席董事 11 人，实际出席董事 11 人，会议的召集、召开程序符合国家有关法律 法规及《公司章程》的规定。 ...

Financial Performance - Revenue for the third quarter was CNY 1,241,229,778.93, a decrease of 79.10% compared to the same period last year[7] - Net profit attributable to shareholders was CNY -2,149,863,362.61, representing a decline of 191.02% year-on-year[7] - The basic earnings per share for the quarter was CNY -0.74, a decrease of 193.65% compared to the same period last year[7] - Operating revenue for the first nine months of 2025 decreased by 83.11% to ¥3,347,860,731.23 compared to ¥19,824,745,808.47 in the same period of 2024[15] - The company reported an operating loss of CNY -6,522,843,446.78, worsening from a loss of CNY -1,076,336,558.63 in the previous period[30] - The net profit for the current period is -6,436,508,734.22, compared to -809,406,479.38 in the previous period, indicating a significant loss increase[31] - The total comprehensive income for the current period is -6,426,004,555.73, compared to -761,769,017.59 in the previous period[31] - The company incurred a loss attributable to shareholders of the parent company of -6,007,816,553.17, compared to -710,098,519.92 in the previous period[31] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 702,589,282.04, down 70.53% compared to the previous year[7] - Net cash flow from operating activities fell by 70.53% to ¥702,589,282.04, driven by reduced sales revenue from lower production output[17] - Net cash flow from investing activities decreased by 173.53% to -¥463,982,036.31, as the company repurchased minority stakes in subsidiaries[17] - Net cash flow from financing activities improved by 92.00% to -¥279,188,820.55, due to interest rate reductions and loan extensions from financial institutions[17] - Cash flow from operating activities generated a net cash flow of 702,589,282.04, down from 2,384,383,407.80 in the previous period[33] - Cash inflow from financing activities totaled 19,128,182,701.11, while cash outflow was 19,407,371,521.66, resulting in a net cash flow of -279,188,820.55[34] - The cash inflow from investment activities was 48,154,127.20, significantly lower than 694,048,969.12 in the previous period[33] Assets and Liabilities - Total assets as of September 30, 2025, were CNY 52,854,974,409.43, a decrease of 16.78% from the end of the previous year[7] - Current assets decreased to CNY 8,527,951,775.67 from CNY 15,890,976,841.18 at the beginning of the period[25] - The company’s total liabilities decreased to CNY 47,510,525,367.19 from CNY 50,673,524,516.93 at the beginning of the period[27] - Cash and cash equivalents decreased significantly to CNY 731,639,703.39 from CNY 5,909,879,812.18 at the beginning of the period[25] - The total assets decreased to CNY 52,854,974,409.43 from CNY 63,509,295,142.08 at the beginning of the period[28] Shareholder Information - The total number of common shareholders at the end of the reporting period was 109,647, with the largest shareholder, Chenming Holdings Limited, holding 15.50%[21] - The company reported basic and diluted earnings per share of -2.05, compared to -0.242 in the previous period[31] Operational Changes - The company aims to enhance operational efficiency and optimize product structure to ensure stable operations moving forward[23] - The company has resumed full production at its Shouguang and Jilin production bases, with ongoing efforts to improve cost efficiency[23] - The company plans to focus resources on developing advantageous product categories and improving budget management[23] Impairment Losses - Credit impairment losses increased by 536.11% to -¥1,341,707,401.59, reflecting higher provisions for bad debts[18] - Asset impairment losses surged by 14,385.35% to -¥440,561,409.32, primarily due to increased provisions for equipment impairment[18] Operating Costs and Expenses - Operating costs decreased by 69.95% to ¥5,432,612,403.50, primarily due to production base shutdowns affecting sales volume[15] - Research and development expenses dropped by 93.90% to ¥55,005,532.38, attributed to reduced R&D investment during production base maintenance[15] - Investment income plummeted by 467.97% to -¥715,405,073.98, mainly due to decreased returns from equity investments[15] - Total operating costs for the current period amount to CNY 7,289,484,559.58, compared to CNY 21,139,848,178.56 in the previous period[30]