Shandong Chenming Paper Holdings Ltd. Reports Unaudited Consolidated and Company Earnings Results for the First Half Ended June 30, 2015; Provides Earnings Guidance for Full Year of 2015
For the period, on company basis, the company reported revenue of RMB 3,168,439,943.39 compared to RMB 3,996,792,004.38 a year ago period. Operating loss was RMB 70,328,822.94 compared to RMB 226,742,683.39 a year ago period. Net profit was RMB 6,197,689.41 compared to RMB 275,846,548.92 a year ago period. Net cash used in operating activities were RMB 2,222,755,634.73 against net cash flows from operating activities of RMB 1,285,696,261.13 a year ago period. Cash paid for purchase of fixed assets, intangible assets and other long-term assets was RMB 947,028,823.98 against RMB 1,214,448,290.91 a year ago.
The company provided earnings guidance for full year of 2015. For the period, the company expects cumulative net profit for the period between the beginning of the year to the end of the next reporting period being projected to be at a loss or expected to have material changes as compared to the corresponding period of prior year and its explanation.