晨 鸣Ｂ：2023年年度报告（英文版）

SHANDONGCHENMINGPAPERHOLDINGSLIMITED AnnualReport2023 March2024 Theboardofdirectors(the“Board”),thesupervisorycommittee(the“SupervisoryCommittee”)andthedirectors(the“Directors”),supervisors(the“Supervisors”)andseniormanagement(the“SeniorManagement”)oftheCompanyherebywarrantthetruthfulness,accuracyandcompletenessofthecontentsoftheannualreport,guaranteethattherearenofalserepresentations,misleadingstatementsormaterialomissionscontainedinthisannualreport,andarejointlyandseverallyresponsiblefortheliabilitiesoftheCompany. ChenHongguo,headoftheCompany,DongLianming,headinchargeofaccountingandZhangBo,headoftheaccountingdepartment(AccountingOfficer),declarethattheywarrantthetruthfulness,accuracyandcompletenessofthefinancialreportintheannualreport. AllDirectorshaveattendedtheboardmeetingtoreviewthisreport. Forward-lookingstatementssuchasfutureplansandoperatingtargetscontainedinthisannualreportdonotrepresentearningsforecastsoftheCompanynorconstitutesubstantivecommitmentstoinvestorsbytheCompany.Investorsandrelevantpersonsshallmaintainasufficientriskawarenessheretoandunderstandthedifferencesamongplans,forecastsandcommitments. TheCompanyisexposedtovariousriskfactorssuchasmacro-economicfluctuation,statepoliciesandregulationsandcompetitionintheindustry.Investorshouldbeawareofinvestmentrisks.Forfurtherdetails,pleaserefertotheriskfactorslikelytobefacedandthemeasurestobetakentoaddressthemassetoutintheoutlookonthefuturedevelopmentoftheCompanyinManagementDiscussionandAnalysis. TheCompanydoesnotproposedistributionofcashdividendsorbonusshares,andtherewillbenoincreaseofsharecapitalfromreserves. TableofContents IImportantNotice,TableofContentsandDefinitions........................................................................................1 IICompanyProfileandKeyFinancialIndicators.................................................................................................6 IIIChairman’sReport............................................................................................................................................11 IVManagementDiscussionandAnalysis..............................................................................................................12 VDirectors’Report...............................................................................................................................................42 VICorporateGovernance......................................................................................................................................52 VIIEnvironmentandSocialResponsibility.............................................................................................................95 VIIIMaterialMatters................................................................................................................................................104 IXChangesinShareCapitalandShareholders....................................................................................................139 XPreferenceShares.............................................................................................................................................150 XIBonds................................................................................................................................................................151 XIIFinancialReport................................................................................................................................................152 DocumentsAvailableforInspection I.Thefinancialstatementssignedandsealedbythelegalrepresentative,financialrepresentativeandheadofthefinancialdepartmentoftheCompany. II.Theoriginalcopyoftheauditor’sreportwhichissealedbytheaccountingfirmandsignedandsealedbythecertifiedpublicaccountants. III.TheoriginalcopiesofthedocumentsandannouncementsoftheCompanydisclosedinthedesignatednewspaperandonthewebsiteasapprovedbytheCSRCduringthereportingperiod. IV.TheannualreportdisclosedonthewebsiteofTheStockExchangeofHongKongLimited. V.Otherrelatedinformation. Definitions ItemDefinition Company,Group,ChenmingGroup,ChenmingPaperorChenmingPaperCompany meansShandongChenmingPaperHoldingsLimitedanditssubsidiaries ParentCompanyorShouguangHeadquarters means ShandongChenmingPaperHoldingsLimited ChenmingHoldings means ChenmingHoldingsCompanyLimited ShenzhenStockExchange means ShenzhenStockExchange StockExchange means TheStockExchangeofHongKongLimited CSRC means ChinaSecuritiesRegulatoryCommission ShandongCSRC means ShandongbranchofChinaSecuritiesRegulatoryCommission ZhanjiangChenming means ZhanjiangChenmingPulp&PaperCo.,Ltd. JiangxiChenming means JiangxiChenmingPaperCo.,Ltd. WuhanChenming means WuhanChenmingHanyangPaperHoldingsCo.,Ltd. ShanghaiChenming means ShanghaiChenmingIndustryCo.,Ltd. HuanggangChenming means HuanggangChenmingPulp&PaperCo.,Ltd. Chenming(HK) means Chenming(HK)Limited JilinChenming means JilinChenmingPaperCo.,Ltd. ShouguangMeilun means ShouguangMeilunPaperCo.,Ltd. ShouguangArtPaper means ShouguangChenmingArtP