Shandong Chenming Paper Holdings Ltd. (000488.SZ) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	10.9B	6.2B	22.7B	26.6B	32.0B
Cost of Revenue	12.3B	8.6B	22.1B	24.4B	27.4B
Gross Profit	(1.3B)	(2.4B)	584.6M	2.2B	4.6B
Operating Expenses
R&D Expense	170.9M	93.3M	1.1B	1.2B	1.3B
SG&A Expense	93.6M	—	—	—	—
General & Admin Expense	335.3M	515.1M	751.2M	690.3M	750.5M
Selling & Marketing Expense	83.7M	104.3M	241.2M	231.0M	242.2M
Other Expenses	62.3M	—	—	—	—
Total Operating Expenses	2.0B	2.5B	4.3B	4.3B	4.7B
Cost and Expenses	14.3B	11.1B	26.4B	28.8B	32.0B
Operating Income (EBIT)	(6.2B)	(9.1B)	(7.8B)	(1.7B)	156.2M
Non-Operating
Interest Income	237.6M	—	—	—	—
Interest Expense	277.9M	—	—	—	—
Net Interest Income	(40.3M)	—	—	—	—
Other Non-Op Income/Expense	(37.2M)	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	(6.3B)	(9.2B)	(7.9B)	(1.7B)	182.3M
Income Tax Expense	(557.1M)	(237.4M)	(60.2M)	(383.1M)	(135.1M)
Bottom Line
Net Income	(5.2B)	(8.3B)	(7.4B)	(1.3B)	189.3M
Earnings from Cont. Ops	(2.8B)	(6.1B)	(4.0B)	(1.3B)	317.4M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(5.2B)	(8.3B)	(7.4B)	(1.3B)	189.3M
Per Share
Basic EPS	(CN¥1.79)	(CN¥2.83)	(CN¥2.53)	(CN¥0.45)	CN¥0.03
Diluted EPS	(CN¥1.79)	(CN¥2.83)	(CN¥2.53)	(CN¥0.45)	CN¥0.03
Revenue Per Share	CN¥3.72	CN¥2.11	CN¥7.76	CN¥9.35	CN¥5.07
Shares
Basic Shares Outstanding	2.9B	2.9B	2.9B	2.8B	6.3B
Diluted Shares Outstanding	2.9B	2.9B	2.9B	2.8B	6.3B
Profitability Metrics
EBITDA	58.7M	(6.8B)	(5.4B)	622.9M	2.5B
D&A	572.1M	2.4B	2.4B	2.3B	2.3B
EBIT	(513.4M)	—	—	—	—

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026