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Chenming Paper (01812) Production Bases Resume Full Operations
Tongtong Finance APP News, Chenming Paper Industry (01812) announced that with strong support from government levels and financial institutions, the company has fully strengthened corporate management, adjusted product structure based on market conditions, and orderly promoted the resumption of work and production at various manufacturing bases. As of the date of this announcement, the five major production bases in Shouguang, Zhanjiang, Huanggang, Jiangxi, and Jilin have fully resumed production, and the company’s overall capacity has recovered to 100%.
The company’s five major production bases have fully resumed production, which can effectively improve the company’s operating cash flow and gradually restore its self-sustaining capabilities. Next, the company will strengthen cost reduction and efficiency improvement across the entire process and develop new products in all aspects, continuously enhancing profitability and market competitiveness. This will effectively mitigate the company’s debt risks and promote sustainable, stable, and healthy development.