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  3. •

    Paper, Lumber & Forest Products
GuangDong SongYang Recycle Resources CO.,LTD

GuangDong SongYang Recycle Resources CO.,LTD

603863.SS
GuangDong SongYang Recycle Resources CO.,LTDCN flagShanghai Stock Exchange
12.78
CNY
-0.43
- -
2.62BMarket Cap
GuangDong SongYang Recycle Resources CO.,LTD
603863.SS
(Shanghai Stock Exchange)

Recent

price

12.78

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
3.67
4.83
5.4
3.88
3.23
3.07
3.86
3.24
2.41
2.69
4.52
3.03
3.46
2.18
2.88
Revenue per Share
0.08
0.15
0.2
0.34
0.46
0.46
0.61
0.5
0.37
0.04
-1.35
-1.16
-1.15
-1
-1.11
Basic EPS, GAAP
-3.06
-0.45
0.41
-0.62
0.22
0.12
0.8
-0.13
-1.68
-1.59
-0.92
-0.32
-0.08
-0.16
-0.08
Free Cash Flow per Basic Share
0.2
0.25
0.35
0.15
0.11
0.06
0.08
0.06
0.15
0.09
0.11
0.1
0.13
0.12
0.12
Dividend per Share
0.87
1.02
1.08
0.98
1.74
1.96
2.43
2.84
2.7
2.56
1.4
0.25
-0.9
-1.9
-1.15
Book Value per Share
-0.23
-0.06
0.17
0.83
1.66
2.74
3.17
5.78
4.76
4.49
3.34
2.22
1.38
0.34
1.13
Tangible Book Value per Share
30
30
30
84
116
150
156
180
207
222
205
204
205
204
200
Basic Weighted Avg Shares
109
143
162
325
375
459
601
583
499
597
928
620
709
443
577
Sales/Revenue/Turnover
8.43
9.33
11.42
13.35
15.09
19.15
19.22
15.94
16.38
1.55
-26.58
-23.84
-14.61
-19.4
-15.77
Operating Margin (%)
7
8
8
11
12
17
20
2
23
28
66
73
71
63
- -
Depreciation Expense
2
4
6
29
53
69
95
90
77
9
-277
-237
-236
-204
-221
Net Income, GAAP
25.69
25.21
26.13
14.52
13.55
13.93
13.39
4.01
4.41
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
2.13
3.11
3.7
8.77
14.23
14.99
15.79
15.44
15.36
1.49
-29.87
-38.22
-33.24
-45.95
-38.36
Profit Margin (%)
-121
-110
-97
-109
-2
163
275
714
534
166
-248
-386
-541
-587
-568
Working Capital
- -
- -
- -
- -
- -
- -
10
5
172
331
270
185
92
75
81
LT Debt
26
30
36
100
222
477
572
1,119
1,175
1,183
897
660
468
250
408
Total Equity
- -
6.55
8.21
16.88
14.64
14.95
14.25
8.68
5.61
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
6.69
8.4
19.08
24.53
21.3
22.94
18.19
10.95
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
15.89
19.16
49.95
37.54
27.83
28.3
20.26
14.32
1.58
-64.83
-139.46
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
349
355
352
LT Borrowings
86
79
79
LT Finance Leases
6
2
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
205
205
205
Market Capitalization
4,112
2,617
2,932

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
181
197
140
Cash, Cash Equivalents & STI
62
47
13
Accounts Receivable, Net
10
10
16
Inventories
77
99
67
Total Current Liabilities
723
744
709
Payables & Accruals
- -
- -
- -
ST Debt
349
355
352
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
23.08%
-25.12%
-46.64%
Free Cash Flow
153.1%
-20.02%
84.04%
Net Income, GAAP
-320.73%
-668.23%
-13.57%
Sales/Revenue/Turnover
7%
3.76%
-37.48%
Total Cash Common Dividend
17.45%
-3.04%
-11.51%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
143
212
171
184
709
2025
102
120
129
- -
443
2026
121
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.11
- -
- -
- -
-1.15
2025
-0.09
- -
- -
- -
-1
2026
-0.02
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
- -
- -
- -
0.13
2025
0.03
- -
- -
- -
0.12
2026
0.02
- -
- -
- -
- -
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Business
Guangdong Songyang Recycle Resources Co Ltd (603863.SS) engages primarily in the research, development, production and sales of environmentally friendly recycled paper products in China; its core offerings include gray-coated whiteboard paper under the Yuyang and Meiyang brands, high-strength corrugated paper, thermal paper, transfer paper, heat-sensitive paper, special paper and three-proof thermal-sensitive paper; through subsidiaries, the company also conducts specialty paper trading. Products serve packaging applications such as express, toys, home appliances, food and clothing, with production capacity exceeding 340,000 tons annually from facilities including an 180,000-ton high-strength corrugated paper line and a 1 billion square meter special paper line.[ from website] Founded in 2008 and headquartered in Shantou, Guangdong province, the company operates mainly in Guangdong and Fujian regions, positioning itself as a high-tech enterprise with certifications in clean production and resource utilization. Recent developments encompass the termination in June 2025 of a proposed 82.875 million yuan acquisition by its wholly-owned subsidiary Haikou Ledong Technology Co Ltd of assets from related party Guangdong Songyang Investment Co Ltd, alongside a terminated change-of-control process involving controlling shareholder Wang Zhuangpeng, resumption of stock trading in July 2025, asset sales including industrial land for 84.1 million yuan, relocation plans to Chenghai District, resignation of deputy general manager Yan Tingju, subsidiary liquidation of Songyang Regenerated Resources (Guangzhou) Co Ltd in February 2025, and securing a 50% VAT refund policy for resource utilization products effective January to December 2025.