SCPH(000488) 证券时报网·2024-11-20 04:13Company Situation - The company and some subsidiaries have temporarily failed to repay certain debts due to liquidity constraints [1] - Some creditors have filed lawsuits and applied for property preservation, leading to the freezing of some bank accounts of the company and its subsidiaries [1] - The company is actively seeking to broaden financing channels, raise funds for debt repayment, and negotiate with creditors for extensions or adjustments to repayment plans [1] - The company is taking measures to ensure production and operation, including increasing the disposal of non-core assets to improve its financial condition [1] Industry Impact - The paper industry is facing a short-term supply-demand imbalance due to the concentrated release of new production capacity [1] - The prices of the company's main paper products, especially white cardboard, have significantly declined due to the supply-demand imbalance [1] - The company's profitability has continued to decline, leading to a shift from profit to loss [1] Government and Company Response - The municipal government has established a task force to fully support the company in overcoming its difficulties [1] - The company is implementing measures to increase efficiency and recover funds, such as strengthening market operations and raising prices for some products [1] - The company is optimizing its product structure and promoting products like cigarette cards, liquid packaging cards, and food cards [1] - The company is relocating the Wuhan Chenming Specialty Paper Project to Zhanjiang for faster production and optimizing the layout of its base projects [1] - The company is continuing to increase the disposal of non-core businesses to recover funds [1]