SHANDONG CHENMING PAPER HOLDINGS LIMITED
Annual Report 2021
March 2022
The board of directors (the “Board”), the supervisory committee (the “Supervisory Committee”) and the directors (the
“Directors”), supervisors (the “Supervisors”) and senior management (the “Senior Management”) of the Company hereby
warrant the truthfulness, accuracy and completeness of the contents of the annual report, guarantee that there are no false
representations, misleading statements or material omissions contained in this annual report, and are jointly and severally
responsible for the liabilities of the Company.
Chen Hongguo, head of the Company, Dong Lianming, head in charge of accounting and Zhang Bo, head of the accounting
department (Accounting Officer), declare that they warrant the truthfulness, accuracy and completeness of the financial report
in the annual report.
All Directors have attended the board meeting to review this report.
The Company is exposed to various risk factors such as macro-economic fluctuation, state policies and regulations and
competition in the industry. Investor should be aware of investment risks. For further details, please refer to the risk factors
likely to be faced and the measures to be taken to address them as set out in the outlook on the future development of the
Company in Management Discussion and Analysis.
The Company does not propose distribution of cash dividends or bonus shares, and there will be no increase of share capital
from reserves.
2021 ANNUAL REPORT 1
Table of Contents
I Important Notice, Table of Contents and Definitions...... 1
II Company Profile and Key Financial Indicators ...... 6
III Chairman’s Report ...... 11
IV Management Discussion and Analysis ...... 13
V Directors’ Report...... 44
VI Corporate Governance ...... 53
VII Environment and Social Responsibility...... 93
VIII Material Matters ...... 101
IX Changes in Share Capital and Shareholders ...... 124
X Preference Shares...... 133
XI Bonds...... 138
XII Financial Report ...... 146
2 SHANDONG CHENMING PAPER HOLDINGS LIMITED
Documents Available for Inspection
I. The financial statements signed and sealed by the legal representative, financial representative and head of the financial
department of the Company;
II. The original copy of the auditor’s report which is sealed by the accounting firm and signed and sealed by the certified public
accountant;
III. The original copies of the documents and announcements of the Company disclosed in the designated newspaper and on
the website as approved by the CSRC during the reporting period;
IV. The annual report disclosed on the website of The Stock Exchange of Hong Kong Limited;
V. Other related information.
2021 ANNUAL REPORT 3
Definitions
Item Definition
Company, Group, Chenming Group or means Shandong Chenming Paper Holdings Limited and its subsidiaries
Chenming Paper
Parent Company or Shouguang Headquarters means Shandong Chenming Paper Holdings Limited
Chenming Holdings means Chenming Holdings Company Limited
Shenzhen Stock Exchange means Shenzhen Stock Exchange
Stock Exchange means The Stock Exchange of Hong Kong Limited
CSRC means China Securities Regulatory Commission
Shandong CSRC means Shandong branch of China Securities Regulatory Commission
Zhanjiang Chenming means Zhanjiang Chenming Pulp & Paper Co., Ltd.
Jiangxi Chenming means Jiangxi Chenming Paper Co., Ltd.
Wuhan Chenming means Wuhan Chenming Hanyang Paper Holdings Co., Ltd.
Shanghai Chenming means Shanghai Chenming Industry Co., Ltd.
Huanggang Chenming means Huanggang Chenming Pulp & Paper Co., Ltd.
Chenming (HK) means Chenming (HK) Limited
Jilin Chenming means Jilin Chenming Paper Co., Ltd.
Shouguang Meilun means Shouguang Meilun Paper Co., Ltd.
Shouguang Art Paper means Shouguang Chenming Art Paper Co., Ltd.
Finance Company means Shandong Chenming Group Finance Co., Ltd.
Chenming Leasing
查看PDF原文
