Shandong Chenming Paper Holdings Ltd. provided earnings guidance for the first quarter ending March 31, 2013. For the quarter, the company expects net profit attributable to shareholders of the company approximately RMB 68 million to RMB 78 million. Basic earnings per share is expected to be in the range of RMB 0.03 to RMB 0.04.

The gross profit margin of the products for the first quarter increased as compared to the corresponding period of last year due to the increment in the price of some products of the company to various degrees as the products market of the Company has stabilized with higher demand.