1. People's Republic of China Stocks

  2. •

    Consumer Cyclical

  3. •

    Packaging & Containers
Xiamen Hexing Packaging Printing Co., Ltd.

Xiamen Hexing Packaging Printing Co., Ltd.

002228.SZ
Xiamen Hexing Packaging Printing Co., Ltd.CN flagShenzhen Stock Exchange
3.03
CNY
-0.06
- -
3.52BMarket Cap
Xiamen Hexing Packaging Printing Co., Ltd.
002228.SZ
(Shenzhen Stock Exchange)

Recent

price

3.03

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.68
1.94
2.13
2.49
2.78
2.73
3.44
8.03
10.44
9.57
9.93
14.47
12.79
10.83
9.81
8.87
8.79
Revenue per Share
0.08
0.07
0.06
0.1
0.13
0.11
0.1
0.13
0.2
0.23
0.24
0.18
0.11
0.09
0.08
0.09
0.1
Basic EPS, GAAP
-0.22
-0.18
-0.11
-0.02
0.15
-0.08
0.28
-0.38
0.24
0.11
-0.21
-0.23
0.22
0.14
0.31
0.02
-0.18
Free Cash Flow per Basic Share
0.04
0.04
0.08
0.09
0.08
0.08
0.09
0.1
0.14
0.1
0.12
0.15
0.2
0.17
0.15
0.21
0.03
Dividend per Share
0.43
0.59
0.6
0.67
0.78
0.82
1.54
1.93
1.95
2.12
2.21
2.27
2.24
2.31
2.17
2
2.11
Book Value per Share
0.82
0.82
0.82
0.83
0.94
1.29
1.34
2
2.13
2.36
2.62
2.5
2.45
2.47
2.27
2.15
2.19
Tangible Book Value per Share
905
986
991
982
977
1,043
1,029
1,090
1,165
1,160
1,209
1,213
1,202
1,146
1,169
1,150
1,244
Basic Weighted Avg Shares
1,521
1,918
2,115
2,442
2,716
2,852
3,542
8,748
12,166
11,097
12,007
17,549
15,375
12,414
11,470
10,194
10,929
Sales/Revenue/Turnover
6.99
6.22
6.13
6.49
8.18
7.13
5.34
4.72
4.49
3.7
3.91
2.08
1.32
1.96
2.38
2.56
2.78
Operating Margin (%)
38
51
60
73
82
89
104
170
193
191
189
269
291
299
303
292
- -
Depreciation Expense
71
74
60
95
126
115
103
142
233
267
290
218
132
103
94
103
121
Net Income, GAAP
14.81
21.03
23
20
22.03
22.98
20.45
27.54
19.92
19.06
15.53
5.08
- -
10.44
7.54
29.64
13.08
Effective Tax Rate (%)
4.68
3.86
2.85
3.88
4.62
4.02
2.91
1.62
1.92
2.4
2.42
1.24
0.86
0.83
0.82
1.02
1.1
Profit Margin (%)
342
324
411
305
239
567
514
1,228
1,158
1,704
1,790
1,409
1,468
1,387
701
783
989
Working Capital
60
60
314
298
297
298
299
- -
245
507
639
746
1,054
1,105
477
695
672
LT Debt
830
921
918
991
1,088
1,611
1,711
2,770
3,024
3,292
3,790
3,725
3,614
3,517
3,343
3,114
3,380
Total Equity
8.5
6.86
6.12
6.98
8.89
7.02
6.19
9.67
10.52
7.32
8.04
6.27
- -
4.21
5.38
4.18
5.51
Return on Invested Capital (%)
10.75
9.51
6.79
8.47
10.06
8.64
8.83
7.55
7.49
7.84
7.41
6.37
- -
4.09
3.86
3.6
4.33
Return on Capital (%)
20.26
15.29
10.23
15.08
17.75
14.23
8.45
7.69
10.67
11.29
11.3
8.05
4.86
3.87
3.61
4.28
4.65
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
798
840
853
LT Borrowings
471
488
669
LT Finance Leases
5
4
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,223
1,196
1,196
Market Capitalization
3,357
3,782
4,391

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
4,496
4,445
4,548
Cash, Cash Equivalents & STI
567
776
953
Accounts Receivable, Net
2,344
2,068
2,194
Inventories
1,039
995
919
Total Current Liabilities
3,794
3,676
3,558
Payables & Accruals
- -
- -
- -
ST Debt
798
840
853
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.21%
-3.84%
-6.85%
Free Cash Flow
-138.76%
-39.9%
-93.87%
Net Income, GAAP
3.02%
-16.97%
10.61%
Sales/Revenue/Turnover
20.54%
-0.84%
-11.13%
Total Cash Common Dividend
13.39%
12.62%
32.63%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,735
2,955
2,898
2,882
11,470
2025
2,496
2,652
2,451
- -
10,194
2026
2,671
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
- -
- -
- -
0.08
2025
0.04
- -
- -
- -
0.09
2026
0.04
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
0.15
2025
0.01
- -
- -
- -
0.21
2026
0.11
- -
- -
- -
- -
Similar Companies
B&B Triplewall Containers Limited (BBTCL.BO)
Robinson plc (RBN.L)
BKM Industries Limited (BKMINDST.BO)
Huhtamaki India Limited (HUHTAMAKI.BO)
Specialty Liquid Transportation Corp. (SPQDF)
NDFOS Co., Ltd. (238090.KQ)
Business
Xiamen Hexing Packaging Printing Co., Ltd. (002228.SZ) engages primarily in the research, development, design, production, sales, and service of high-grade packaging materials and printing products, offering one-stop packaging solutions to customers in the food and beverage, electronics, and consumer goods industries. The company's core products include medium- and high-end corrugated boxes and cartons; color boxes; cardboard; cushioning packaging materials such as expanded polyethylene (EPE), honeycomb products, and paper pulp molding; as well as books, periodicals, labels, and wine boxes. Founded in May 1993 and headquartered in Xiamen, Fujian Province, China, the company operates principally in mainland China with expansions into Southeast Asia, supported by multiple subsidiaries and factories providing warehousing, distribution, JIT, and VMI services. In recent developments, Xiamen Hexing Packaging Printing establishes strategic partnerships, including a 2025 overseas cooperation agreement with Midea Group to enhance global manufacturing supply chains in markets such as Thailand and Indonesia; a strategic alliance with Haitian Seasoning in August 2025 to build a smart manufacturing ecosystem; and a joint laboratory with Haier Smart Home. The company advances green initiatives through its Bengbu factory project with China Resources Beer, nearing production in 2025, and conducts ongoing share repurchases, including a fifth plan in 2025 acquiring over 4 million shares for CNY 15 million by September and an initial tranche of 1.2 million shares in August. Subsidiaries such as Hezhong Chuangya (Wuhan), Foshan Hexin, and Hezhong Chuang Yabo Hai (Tianjin) receive high-tech enterprise recognition in 2024-2025, bolstering innovation in packaging solutions.