Shandong Chenming Paper Holdings Ltd. provided earnings guidance for the six months ended June 30, 2013. For the period, the company expected net profit attributable to shareholders of the company approximately of RMB 290.00 million to RMB 320.00 million against RMB 92.2450 million a year ago, increased from the corresponding period of last year: 208% to 239%. Basic earnings per share expected of approximately RMB 0.14 to RMB 0.16 against RMB 0.05 a year ago.

The gross profit margin of the products and the volume on the sales of pulp of the company for the six months ended 30 June 2013 increased due to the reduction in production costs through strengthen internal management, and active market expansion by the company.