1. Hong Kong Stocks

  2. •

    Process industries

  3. •

    Pulp & paper
China Sunshine Paper Holdings Co. Ltd.

China Sunshine Paper Holdings Co. Ltd.

HHKEX:2002
1.71
HKD
-0.01
(-0.87%)
1.53BMarket Cap
Apr 01Next Earn
China Sunshine Paper Holdings Co. Ltd.
HKEX:2002
(Hong Kong Exchange)

Recent

price

1.71

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
3.06
4.64
4.62
4.56
4.3
4.64
5.26
7.14
8.04
7.7
8.14
9.09
9.4
8.38
7.56
7.31
- -
Revenue per Share
0.21
0.1
0.05
0.03
-0.05
0.06
0.15
0.49
0.41
0.43
0.61
0.63
0.2
0.39
0.26
0.15
- -
Basic EPS, GAAP
-1.52
-0.18
-0.2
0.51
0.64
0.73
0.84
-0.12
0.3
0.91
0.28
-0.06
-0.11
0.87
0.08
-0.26
- -
Free Cash Flow per Basic Share
0.01
0.04
0.02
- -
0.01
- -
0.03
0.03
0.06
0.04
- -
- -
0.11
- -
- -
0.05
- -
Dividend per Share
1.73
1.8
1.85
1.88
1.82
1.89
2.01
2.46
2.81
3.2
3.81
4.18
4.02
4.04
4.56
4.54
4.54
Book Value per Share
1.71
1.56
1.59
1.54
1.47
1.51
1.6
2.03
2.32
2.68
3.2
3.43
3.25
3.35
3.74
3.37
3.37
Tangible Book Value per Share
802
803
803
803
803
803
803
810
819
819
819
878
1,014
998
1,065
1,065
1,034
Basic Weighted Avg Shares
2,457
3,721
3,704
3,658
3,448
3,726
4,223
5,782
6,586
6,311
6,673
7,982
9,538
8,359
8,048
7,789
- -
Sales/Revenue/Turnover
8.83
8.88
8.86
6.87
7.69
9.34
10.17
14.19
11.58
10.96
13.34
11.82
5.89
7.88
6.25
5.38
- -
Operating Margin (%)
90
169
192
196
214
219
249
261
260
260
309
348
391
419
459
471
- -
Depreciation Expense
170
82
44
22
-38
51
123
396
333
350
498
557
206
393
280
160
- -
Net Income, GAAP
14.03
23.5
23.68
29.34
- -
20.66
31.71
28.86
27.5
26.27
29.94
26.6
34.65
24.21
25.31
39.05
- -
Effective Tax Rate (%)
6.9
2.21
1.19
0.6
-1.1
1.38
2.92
6.85
5.06
5.55
7.46
6.97
2.16
4.7
3.48
2.05
- -
Profit Margin (%)
-802
-1,089
-1,471
-2,370
-2,193
-1,740
-1,964
-1,504
-1,920
-2,377
-1,800
-1,731
-1,237
-1,004
-625
-664
-664
Working Capital
1,056
994
852
267
613
768
556
721
475
254
677
868
1,422
1,209
1,332
1,739
1,739
LT Debt
1,445
1,514
1,570
1,600
1,562
1,619
1,768
2,207
2,587
2,918
3,432
4,084
4,426
4,961
5,300
5,312
5,312
Total Equity
6.54
5.07
4.07
2.73
- -
4.19
4.39
8.08
6.55
6.6
7.69
7.78
2.11
4.76
3.61
2.55
- -
Return on Invested Capital (%)
7.17
5.58
4.59
3.45
- -
4.25
4.58
8.45
6.67
6.57
7.89
8.23
3.06
4.65
3.29
1.77
- -
Return on Capital (%)
12.95
5.82
3.01
1.47
-2.56
3.45
7.87
21.79
15.42
14.22
17.34
16.14
5.23
9.08
5.94
3.3
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
3,756
3,855
4,275
LT Borrowings
1,281
1,453
1,617
LT Finance Leases
51
71
122
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,065
1,065
1,065
Market Capitalization
2,002
1,711
1,378

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
4,554
5,086
5,482
Cash, Cash Equivalents & STI
1,135
1,085
1,058
Accounts Receivable, Net
632
961
844
Inventories
507
689
696
Total Current Liabilities
5,179
5,496
6,146
Payables & Accruals
- -
- -
- -
ST Debt
3,756
3,855
4,275
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.82%
9.31%
0.23%
Free Cash Flow
-170.17%
-278.97%
-423.47%
Net Income, GAAP
36.15%
-6.35%
-42.87%
Sales/Revenue/Turnover
8.55%
3.96%
-3.22%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
8,359
2024
- -
- -
8,048
2025
- -
- -
7,789

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.39
2024
- -
- -
0.26
2025
- -
- -
0.15

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
0.05
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Business
China Sunshine Paper Holdings Company Limited (2002.HK) manufactures and sells high-quality packaging paper products, including white top linerboard, coated-white top linerboard, core board, corrugated paper and specialised paper products; provides preprint products and corrugated cartons; trades paper products, waste materials and recycled resources; and generates and supplies electricity and steam. The company serves customers in the food, beverage, electronics and other consumer sectors primarily in the People's Republic of China through subsidiaries such as Shandong Century Sunshine Paper Group Co., Ltd., Sunshine Oji (Shouguang) Specialty Paper Co., Ltd., and others involved in packaging, printing, logistics and environmental services; it was founded in 2000 and maintains headquarters in Changle Economic Development Zone, Weifang, Shandong Province. Recent developments include the consolidation of Oji Shouguang's 120,000-ton annual specialty paper capacity in June 2025, trial production starts on new lines yielding 45,000 and 120,000 tons annually, board and committee changes effective August 29, 2025, a June 2025 agreement to acquire 40% equity in a joint venture for RMB85 million, and October 24, 2025 supplemental framework agreements with Xiamen C&D Paper & Pulp Group revising annual caps for mutual purchases and sales of pulp, paper, coal and chemicals to support expanded production and supply chain stability.