Shandong Chenming Paper Holdings Co., Ltd. Class H (HK:1812) has released an update.
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Shandong Chenming Paper Holdings reported a significant decline in revenue and net profit for the third quarter of 2024, with revenue dropping by 17% and a sharp 820.98% decrease in net profit attributable to shareholders compared to the previous year. Despite these challenges, there was a slight 0.52% increase in overall revenue from the beginning of the year to the end of the reporting period. The company’s total assets also saw a decrease of 5.40% from the end of the prior year, highlighting a challenging period for the paper manufacturing giant.
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