Chenming Paper Takes RMB1.7 Billion Asset Impairment Charge
Shandong Chenming Paper Holdings Limited announced a RMB 1.7 billion asset impairment charge, which will reduce net profit attributable to shareholders for the first three quarters of 2025. The provision is unaudited and will be confirmed during the annual audit, aligning with accounting standards and the principle of prudence. This news was generated by Public Technologies and is for informational purposes only.
Shandong Chenming Paper Holdings Limited announced that it has made a provision for asset impairment, which will decrease the net profit attributable to shareholders by RMB 1.7 billion for the first three quarters of 2025. The company emphasized that the provision has not yet been audited and the final amount will be confirmed during the annual audit. The board stated that the decision aligns with accounting standards and the principle of prudence. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shandong Chenming Paper Holdings Limited published the original content used to generate this news brief on October 30, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
