ST Chenming: Five Major Production Bases Fully Resume Operations

GateUser-bd883c58 · 2026-03-13T12:02:17+00:00

ST Chenming Announcement states that with support at all levels, the company has fully resumed production at all five production bases, with production capacity reaching 100%. The company will strengthen management, reduce costs, improve efficiency, and develop new products to improve cash flow and mitigate debt risks, promoting healthy development.

GateUser-bd883c58

2026-03-13 12:02:17

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Everyday Economic News AI Express, March 13 — ST Chenming (000488.SZ) announced that with the support of various levels of party committees, governments, and financial institutions, the company is strengthening enterprise management, adjusting product structure based on market conditions, and orderly resuming work and production at all manufacturing bases. As of the announcement date, the five major production bases in Shouguang, Zhanjiang, Huanggang, Jiangxi, and Jilin have fully resumed production, with overall capacity restored to 100%. This will improve the company’s operating cash flow, gradually restore its self-sustaining capabilities. At the same time, the company will focus on cost reduction, efficiency improvement, and new product development to enhance profitability and market competitiveness, mitigate debt risks, and promote sustainable healthy development.

Daily Economic News

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