20 15 why does Chenming paper need refinancing?

Relieve the cyclical fluctuation of the paper industry. According to the relevant data of Chenming Paper, the reason why Chenming Paper 20 15 needs refinancing is to alleviate the cyclical fluctuation of paper business. On 20 15, Chenming paper arranged financial leasing business to alleviate the periodic fluctuation of papermaking business. Although the financial leasing business has brought certain profits to the company, due to the huge demand and occupation of funds by financial leasing, the company borrowed a lot to maintain its operations, resulting in high interest-bearing debts and a substantial increase in financial expenses. Shandong Chenming Paper Group Co., Ltd. is a large enterprise group mainly engaged in pulp and paper making, with A and B shares listed.