Chen Ming paper, which dragged down the net profit of more than 80% per cent for half a year as a result of shrinking demand and lower gross profit margins, has shaken shares today, falling 2.86% to HK $5.1 and trading 1.43 million shares. Chenming paper A shares (000488-CN) has fallen back down 0.36% to 8.23 yuan. Or being dragged down by the news that institutional investors have been underweight. According to the latest information of the Hong Kong Stock Exchange, Schroeder invested on July 7 to reduce the 515,000 shares of chenming paper (0.13%) H shares, a share of HK $5.579, a total value of HK $2.873 million, the latest shareholding of 9.89%. In the earlier May 11, JPMorgan also reduced its 1.158 million shares in Chenming paper, selling an average price of HK $4.03, with a capital of 4.67 million yuan, and the proportion of its good positions from 16.22% to 15.92% after its reduction.
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