Shandong Chenming Paper Holdings Limited

Shandong Chenming Paper Holdings Limited is one of China's most diversified paper manufacturers headquartered in Shouguang, Shandong, China. Founded in 1958, with annual revenue of ¥6.19 billion (2025), the company operates 5 major production bases across China employing 10,000+ people. Listed on Shenzhen Stock Exchange: 000488 (A) / 200488 (B).

Core Business

Chenming Paper is China's most diversified paper manufacturer, spanning 7 major product categories and 200+ varieties including offset paper, coated paper, white card stock, and light-weight coated paper under brands such as Xing Zhi Lian, Bi Yun Tian, and Qing Yun. With 58 years of manufacturing heritage, Chenming has been a cornerstone of China's domestic paper supply chain, serving major publishing houses, printing companies, and stationery distributors. The company operates a fully integrated forestry-pulp-paper industrial chain across five production bases in Shouguang, Zhanjiang, Huanggang, Jiangxi, and Jilin.

Global Presence

Chenming's five production bases are strategically positioned across China's key economic regions, providing logistics advantages and broad market penetration. The Zhanjiang base in Guangdong serves as the company's southern manufacturing hub with advanced pulp and paper production lines, while the Shouguang headquarters in Shandong anchors the northern market. In a remarkable turnaround story, Chenming successfully divested all non-core financing lease assets by Q4 2025, refocusing entirely on its paper manufacturing core. By March 2026, all five production bases had resumed 100% operations, and the company applied to the Shenzhen Stock Exchange to lift its special treatment (ST) designation.

Key Strengths

Chenming's unmatched product portfolio breadth among Chinese paper companies — spanning cultural paper, packaging paperboard, and specialty grades — creates cross-category resilience. The company's 5 geographically diversified production bases across China provide logistics advantages and regional market penetration. The successful completion of non-core asset divestiture and return to full-capacity production in 2026 demonstrates management's commitment to operational recovery. Chenming's 58-year manufacturing heritage has built deep technical expertise and long-standing relationships with China's largest publishing, printing, and stationery customers. VerityRank Score of 85/100.