2024 Interim Report Summary of Shandong Chenming Paper Holdings Limited

Stock code: 000488 200488 Stock abbreviation: Chenming Paper Chenming B Announcement No.: 2024-044

2024 Interim Report Summary of

Shandong Chenming Paper Holdings Limited

I. IMPORTANT NOTICE

This interim report summary is extracted from the text of the interim report. For the full understanding of the

operating results the financial position and the plan for further development of the Company investors should

carefully read the text of the interim report published on the media as designated by the CSRC.All directors have attended the board meeting to review this report.Notice of non-standard auditor’s opinion

□ Applicable □ Not applicable

A proposed profit distribution plan or a proposed plan on conversion of capital reserves into share capital for the

reporting period was considered by the Board

□ Applicable □ Not applicable

The Company proposes not to distribute cash dividend issue bonus shares or capitalise from capital reserves.A proposed profit distribution plan on preference shares for the reporting period was approved by the Board

□ Applicable □ Not applicable

II. BASIC INFORMATION ABOUT THE COMPANY

1. Company profile

晨鸣纸业000488

Stock abbreviation Stock code

晨鸣 B 200488

Stock exchange on which

Shenzhen Stock Exchange

the shares are listed

Stock abbreviation CHENMING PAPER Stock code 01812

Stock exchange on which

The Stock Exchange of Hong Kong Limited

the shares are listed

Stock abbreviation before

Nil

the change

Contact persons and Hong Kong Company

Secretary to the Board Representatives for Securities Affairs

contact methods Secretary

Name Yuan Xikun Zhang Chuanyong Chen Lin Chu Hon Leung

friend537@163.co ZQCL0536@163.co

Email address chenmmingpaper@163.com liamchu@li-partners.com

m m

No.2199 East Nongsheng Road No. 2199 East Nongsheng Road 22nd Floor World Wide

Office address

Shouguang City Shandong Province Shouguang City Shandong Province House Central Hong Kong

Telephone 0536-2158008 0536-2158008 00852-21629600

2. Major accounting data and financial indicators

Retrospective adjustment to or restatement of the accounting data for prior years by the Company

□ Yes □ No

Increase/decrease for the

The corresponding reporting period as compared to

The reporting period

period of the prior year the corresponding period of the

prior year

Revenue (RMB) 13884731519.04 12564962781.31 10.50%

12024 Interim Report Summary of Shandong Chenming Paper Holdings Limited

Net profit attributable to shareholders of the

28646205.42-688080164.10104.16%

Company (RMB)

Net profit after extraordinary gains or losses

-270865043.51-811839217.4966.64%

attributable to shareholders of the Company (RMB)

Net cash flows from operating activities (RMB) 1992499393.07 1783087747.59 11.74%

Basic earnings per share (RMB per share) 0.01 -0.25 104.00%

Diluted earnings per share (RMB per share) 0.01 -0.25 104.00%

Rate of return on weighted average net assets 0.17% -4.15% 增加 4.32个百分点

Increase/decrease as at the end of

As at the end of the As at the end of the

the reporting period as compared

reporting period prior year

to the end of the prior year

Total assets (RMB) 77501281219.73 79487052953.58 -2.50%

Net assets attributable to shareholders of the

16628929026.0816692175196.53-0.38%

Company (RMB)

3. Number of shareholders and shareholding of the Company

Unit: Shares

Total number of ordinary 138850 of which 118008 were holders of A Total number of holders of preference

shareholders as at the end of the shares 20519 were holders of B shares and shares with restored voting right as at 0

reporting period 323 were holders of H shares the end of the reporting period

Shareholding of top 10 shareholders (excluding the shares lent under refinancing business)

Shares pledged tagged

Number of

Percentage of Number of or locked-up

Name of shareholders Nature of shareholders restricted

shareholding shares held Status of

shares held Number

shares

CHENMING HOLDINGS

State-owned legal person 15.47% 457322919 0 Pledged 288778200

COMPANY LIMITED

HKSCC NOMINEES LIMITED Overseas legal person 12.63% 373430775 0

CHENMING HOLDINGS (HONG

Overseas legal person 12.32% 364131563 0

KONG) LIMITED (Note 1)

Chen Hongguo Domestic natural person 0.85% 25080044 18810033

SHANDONG SUN HOLDINGS Domestic non-state-

0.84%248271170

GROUP CO. LTD. owned legal person

CHINA MERCHANTS

Overseas legal person 0.72% 21186095 0

SECURITIES (HK) CO. LIMITED

VANGUARD TOTAL

INTERNATIONAL STOCK INDEX Overseas legal person 0.50% 14771945 0

FUND

VANGUARD EMERGING

Overseas legal person 0.49% 14535446 0

MARKETS STOCK INDEX FUND

HONG KONG SECURITIES

Overseas legal person 0.42% 12305222 0

CLEARING COMPANY LIMITED

Xu Hekun Domestic natural person 0.23% 6789900 0

A shareholder Chenming Holdings (Hong Kong) Limited which is an overseas legal person is a

wholly-owned subsidiary of a shareholder Chenming Holdings Company Limited which is a

Related party relationship or acting in state-owned legal person; A shareholder Chen Hongguo is the legal representative and chairman

concert among the above shareholders of Chenming Holdings Company Limited. Save for the above it is not aware that any other

shareholders of tradable shares are persons acting in concert. It is also not aware that any other

shareholders of tradable shares are related to each other.Chenming Holdings Company Limited held 457322919 RMB ordinary shares of which

326322919 shares were held through ordinary account and 131000000 shares were held

Securities margin trading of through credit guarantee security account;

shareholders Shandong Sun Holdings Group Co. Ltd. held 24827117 RMB ordinary shares of which no

share was held through ordinary account and24827117 shares were held through credit

guarantee security account.Note 1: In order to meet its own capital needs Chenming Holdings (Hong Kong) Limited conducted share financing

business with overseas institutions entrusting 210717563 B shares and 153414000 H shares of the Company held

by it to the custody brokerage designated by overseas institutions. The aforesaid shares were subject to the risk of not

22024 Interim Report Summary of Shandong Chenming Paper Holdings Limited

to be recovered which may lead to a reduction in the Company’s shareholding but does not affect Chenming

Holdings’ position as the largest shareholder and does not affect the Company’s control. For details please refer to

the announcement disclosed by the Company on CNINFO on 18 July 2023 (announcement no.: 2023-058) and the

insider information disclosed by the Company on the website of Hong Kong Stock Exchange on 18 July 2023.Share lending by shareholders with more than 5% shareholding top 10 shareholders and top 10 holders of non-

restricted shares under refinancing business

□ Applicable □ Not applicable

Change of top 10 shareholders and top 10 holders of non-restricted shares during the prior period as a result of share

lending/return under refinancing arrangement

□ Applicable □ Not applicable

4. Change of controlling shareholders or beneficial controllers

Change of controlling shareholders during the reporting period

□ Applicable □ Not applicable

There was no change of controlling shareholders of the Company during the reporting period.Change of beneficial controllers during the reporting period

□ Applicable □ Not applicable

There was no change of beneficial controllers of the Company during the reporting period.

5. Total number of holders of preference shares and the shareholdings of top ten holders of preference shares

□ Applicable □ Not applicable

There was no shareholding of holders of preference shares of the Company during the reporting period.

6. Bonds subsisting as at the date of approval of the interim report

□ Applicable □ Not applicable

III. Matters of significance

1. Disposal of equity interest in Yujing Hotel to focus on the principal business of pulp production and

paper making

In order to further focus on the development of its principal business of pulp production and paper making

divest the non-principal business continuously optimise its asset structure improve its asset quality increase its cash

inflow and enhance its profitability the Company transferred its 90.05% equity interest in Shandong Yujing Grand

Hotel Co. Ltd.* (山東御景大酒店有限公司) (“Yujing Hotel”) and the debts of Yujing Hotel payable to the

Company amounting to RMB193.5072 million to Shouguang Chenming Guangyuan Real Property Company

Limited* (壽光晨鳴廣源地產有限公司 ) a related party for a consideration of RMB356.5 million. The

consideration was determined based on the Asset Valuation Report (Tian Hao Zi Ping Bao Zi [2024] J No. 0004)

with 31 December 2023 as its benchmark date prepared by Tinho International Real Estate Land Assets Appraisal

Group Co. Ltd* (天昊國際房地產土地資產評估集團有限公司). Upon completion of the transaction the Company

ceased to have any equity interest in Yujing Hotel.For details please refer to the relevant announcement disclosed by the Company on CNINFO on 23 March

2024 (announcement number: 2024-008) and the relevant connected transaction announcement disclosed by the

Company on the website of Hong Kong Stock Exchange on 24 March 2024.The Board of Shandong Chenming Paper Holdings Limited

14 August 2024

3