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    Process industries

  3. •

    Pulp & paper
Zhejiang Jingxing Paper Joint Stock Co., Ltd. Class A

Zhejiang Jingxing Paper Joint Stock Co., Ltd. Class A

SSZSE:002067
3.69
CNY
+0.08
(+2.22%)
0.06EPS
81.74P/E
7.29BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.34
2.53
2.54
3.35
4.87
5.31
4.73
4.38
5.36
5.3
4.77
4.61
4.34
3.91
Basic EPS, GAAP
0.01
0.01
0.01
0.29
0.58
0.3
0.17
0.28
0.38
0.1
0.08
0.06
0.04
0.06
Free Cash Flow per Basic Share
-0.07
-0.33
0.09
0.45
-0.03
0.36
0.99
0.01
-0.23
0.23
-0.3
-0.06
-0.47
- -
Dividend per Share
0.11
0.12
0.12
0.1
0.16
0.13
0.1
0.06
0.03
0.02
0.02
0.06
0.04
0.02
Book Value per Share
2.64
2.67
2.68
3
3.42
3.79
3.93
4.29
4.55
4.63
4.67
4.65
4.52
4.53
Tangible Book Value per Share
2.48
2.48
2.49
2.83
3.25
3.62
3.77
3.79
4.08
4.18
4.16
4.17
4.11
4.13
Basic Weighted Avg Shares
1,292
1,140
1,164
1,099
1,100
1,118
1,110
1,114
1,161
1,176
1,145
1,188
1,386
1,503
Sales/Revenue/Turnover
3,022
2,888
2,954
3,681
5,360
5,938
5,251
4,875
6,225
6,227
5,457
5,479
6,012
5,874
Operating Margin (%)
2.8
2.83
2.83
3.64
15.22
8.67
5.73
7.45
8.17
1.98
0.5
2.25
2.31
2.78
Depreciation Expense
185
191
196
217
239
240
245
249
259
263
299
342
336
- -
Net Income, GAAP
13
11
12
319
638
335
189
312
441
118
92
71
55
91
Effective Tax Rate (%)
5.05
34.47
- -
8
13.65
11.09
7.77
10.13
1.6
0.6
- -
0.24
10.32
7.57
Profit Margin (%)
0.43
0.39
0.39
8.66
11.91
5.65
3.59
6.4
7.09
1.89
1.68
1.3
0.92
1.55
Working Capital
967
624
386
694
1,305
1,036
1,227
2,322
2,329
1,505
1,647
1,865
1,801
1,579
LT Debt
793
1,015
941
863
766
- -
- -
1,108
1,093
1,046
1,240
985
505
677
Total Equity
2,978
3,008
3,010
3,356
3,979
4,351
4,528
4,916
5,615
5,535
5,579
5,843
6,682
6,705
Return on Invested Capital (%)
-0.07
-0.01
- -
4.14
12.65
6.15
3.91
5.68
6.77
1.75
- -
0.58
0.77
1.21
Return on Capital (%)
2.8
1.78
- -
8.16
12.44
6.9
4.38
5.6
6.29
1.98
- -
2.06
1.32
1.64
Return on Common Equity (%)
0.45
0.39
0.4
10.26
17.88
8.32
4.4
6.83
8.65
2.14
1.65
1.25
0.89
1.45

Capital Structure

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Mar'26
ST Debt
1,065
1,209
1,089
LT Borrowings
1,116
500
672
LT Finance Leases
4
5
5
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,257
1,475
1,475
Market Capitalization
4,853
8,333
7,286

Working Capital

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Mar'26
Total Current Assets
3,495
3,675
3,282
Cash, Cash Equivalents & STI
1,061
1,554
1,254
Accounts Receivable, Net
453
655
618
Inventories
1,482
953
903
Total Current Liabilities
1,613
1,873
1,703
Payables & Accruals
- -
- -
- -
ST Debt
1,065
1,209
1,089
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.47%
6.54%
14.36%
Free Cash Flow
-231.84%
-295.54%
769.78%
Net Income, GAAP
261.55%
-19.68%
-22.18%
Sales/Revenue/Turnover
8.78%
5.1%
9.72%
Total Cash Common Dividend
0.53%
10.17%
-24.23%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,265
1,409
1,375
1,429
5,479
2025
1,189
1,440
- -
1,814
6,012
2026
1,430
- -
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.02
- -
0.02
0.06
2025
-0.02
0.06
- -
0.01
0.04
2026
0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.04
- -
0.06
2025
0.01
0.01
- -
0.01
0.04
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Zhi Ming Wang
Full Time Employees
2,147
Sector
Process industries
Industry
Pulp & paper
Address
No. 1, Jingxing 1st Road Pinghu ZJ China 314214
IPO Date
Sep 15, 2005
Website
zjjxjt.com
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Business
Zhejiang Jingxing Paper Joint Stock Co., Ltd. engages in the manufacturing and sale of paper products, specializing in packaging paperboard and household paper. Its core products include kraft liner boards, white top linerboards, bobbin base papers, corrugated base papers, corrugated cardboards, paper boxes, and other specialty papers. The company also produces household paper products such as virgin pulp tissue paper, recycled tissue paper, toilet paper, hand towels, and napkins. Founded in 1984 and headquartered in Pinghu, China, Zhejiang Jingxing Paper operates internationally, including significant manufacturing and expansion activities in Malaysia through its wholly owned subsidiary Jingxing Holdings (M) Sdn Bhd. Recently, the company committed RM1.9 billion (approximately USD 400 million) to phase two of an expansion project in Banting, Selangor, Malaysia, which will add an annual production capacity of 600,000 tonnes of kraft liner and enhance product range and quality with advanced manufacturing lines and integrated environmental systems. The expansion is also expected to create 500 new jobs and support local supply chain integration. In 2024-2025, Zhejiang Jingxing repurchased shares and reported some earnings challenges but continues to maintain its focus on sustainable, high-quality paper product manufacturing and technological innovation. It completed the acquisition of the remaining 25% stake in Zhejiang Jingxing Paperboard Co., Ltd. to consolidate its operations. The company is listed on the Shenzhen Stock Exchange under ticker 002067.SZ and emphasizes service efficiency, sustainable development, and innovation across its operations in China and overseas markets.