st晨鸣b：2025年第三季度报告（英文版）

SHANDONGCHENMINGPAPERHOLDINGSLIMITED2025ThirdQuarterlyReport TheCompanyandallmembersoftheBoardofDirectorsensurethatthecontentsoftheinformationdisclosurearetrue,accurateandcomplete,andthereisnofalserecord,statementormaterialomission. IMPORTANTNOTICE: 1.TheBoard,thedirectors(the“Directors”),andseniormanagement(the“SeniorManagement”)herebywarrantthetruthfulness,accuracyandcompletenessofthisquarterlyreportwhichdoesnotcontainanyfalserepresentation,misleadingstatementormaterialomission,andarejointlyandseverallyresponsiblefortheliabilitiesoftheCompany. 2.TheheadoftheCompany,theheadinchargeofaccounting,andtheheadoftheaccountingdepartment(AccountingOfficer),declarethattheywarrantthetruthfulness,accuracyandcompletenessofthefinancialinformationinthisquarterlyreport. 3.Hasthethirdquarterlyreportalreadybeenauditedyet? □Yes☑No I.KEYFINANCIALDATA (I)Majoraccountingdataandfinancialindicators RetrospectiveadjustmenttoorrestatementoftheaccountingdataforprioryearsbytheCompany □Yes☑No (II)Itemsandamountsofextraordinarygainsorlosses ☑Applicable□Notapplicable Unit:RMB □Applicable☑Notapplicable TheCompanydidnothavedetailsofothergainorlossitemsthatfallwithinthedefinitionofextraordinarygainorloss. Explanationon the extraordinary gain or loss items as illustrated in the ExplanatoryAnnouncement onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublicNo.1–ExtraordinaryGainsorLossesdefinedasitsrecurringgainorlossitems ☑Applicable□Notapplicable 1.AnalysisofassetsandliabilitiesoftheCompany Unit:RMB (1)Monetaryfundsdecreasedby87.62%ascomparedtothebeginningoftheyear,mainlyduetoadecreaseinguaranteedepositsmaintainedbytheCompanyasattheendofthereportingperiod. (2)Billsreceivableincreasedby68.13%ascomparedtothebeginningoftheyear,mainlyduetoanincreaseinbillsthathadbeenendorsedanddiscountedbuthadnotyetmaturedandcouldnotbederecognisedasattheendofthereportingperiod. (3)Othercurrentassetsdecreasedby55.96%ascomparedtothebeginningoftheyear,mainlyduetoadecreaseinprepaidexpensesduringthereportingperiod. (4)Othernon-currentfinancialassetsdecreasedby54.19%ascomparedtothebeginningoftheyear,mainlyduetoWeifangChenchuangEquityInvestmentFundPartnership(LimitedPartnership)beingincludedintheconsolidatedfinancialstatementsduringthereportingperiod. (5)Billspayabledecreasedby96.23%ascomparedtothebeginningoftheyear,mainlyduetooverduebillsbeingreclassifiedtoaccountspayableandshort-termborrowingsasattheendofthereportingperiod. (6)Contractliabilitiesincreasedby76.53%ascomparedtothebeginningoftheyear,mainlyduetoanincreaseinadvancereceiptsasattheendofthereportingperiod. (7)Interestpayableincreasedby448.23%ascomparedtothebeginningoftheyear,mainlyduetoanincreaseinoverdueinterestasattheendofthereportingperiod. (8)Non-currentliabilitiesduewithinoneyearincreasedby87.85%ascomparedtothebeginningoftheyear,mainlyduetoanincreaseinreclassifiedlong-termliabilitiesduewithinoneyearasattheendofthereportingperiod. (9)Othercurrentliabilitiesdecreasedby86.23%ascomparedtothebeginningoftheyear,mainlyduetosomeextendedequipmentfinanceleasesbeingreclassifiedtolong-termpayablesasattheendofthereportingperiod. (10)Long-termpayablesincreasedby242.82%ascomparedtothebeginningoftheyear,mainlyduetosomeextendedequipmentfinanceleasesbeingreclassifiedtolong-termpayablesasattheendofthereportingperiod. (1)Revenuedecreasedby83.11%ascomparedtothecorrespondingperiodoftheprioryear,mainlyduetoadecreasein sales of machine-made paper with a year-on-year decrease in revenue resulting from someproductionbasesinshutdownandmaintenanceduringthereportingperiod. (2)Operatingcostsdecreasedby69.95%ascomparedtothecorrespondingperiodoftheprioryear,mainlyduetoadecreaseinsalesofmachine-madepaperwithayear-on-yeardecreaseinoperatingcostsresultingfromsomeproductionbasesinshutdownandmaintenanceduringthereportingperiod. (3)Salesanddistributionexpensesdecreasedby49.29%ascomparedtothecorrespondingperiodoftheprioryear,mainlyduetoadecreaseinsalesofmachine-madepaperwithayear-on-yeardecreaseinwagesandexpensesresultingfromsomeproductionbasesinshutdownandmaintenanceduringthereportingperiod. (4)Researchanddevelopmentexpensesdecreasedby93.90%ascomparedtothecorrespondingperiodoftheprioryear,mainlyduetoadecreaseinresearchanddevelopmentexpenseresultingfromsomeproductionbasesinshutdownandmaintenanceduringthereportingperiod. (5)Otherincomedecreasedby77.02%ascomparedtothecorrespondingperiodoftheprioryear,mainlyduetoadecreaseinprocurementofrawmaterialswithayear-on-yeardecreaseinadditionaldeductionofvalue-addedinputtaxresultingfromsomeproductionbasesinshutdownandmaintenanceduringthereportingperiod. (6)Investmentincomedecreasedby467.97%ascomparedtothecorrespondingperiodoftheprioryear,mainlyduetoayear-on-yeardecreaseininvestmentincomerecognisedfrominvesteesandinvestmentincomefromequitydisposalduringthereportingperiod. (7)Gainonchangeinfairvaluedecreasedby7,629.01%ascomparedtothecorrespondingperiodoftheprioryear,mainlyduetoayear-on-yearincreaseinlossesfromchangesinthefairvalueofforestryassetsduringther