1. China Stocks

  2. •

    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
Zhejiang Jingxing Paper Joint Stock Co., Ltd. Class A
SZSE:002067
(Shenzhen Stock Exchange)

Recent

price

3.69

P/E

ratio

81.74

div

yld

0.66%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
3.4
3.58
2.07
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
Revenue per Share
0.16
0.13
0.01
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
Basic EPS, GAAP
-0.41
- -
-0.06
-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
- -
Free Cash Flow per Basic Share
0.14
0.17
0.07
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
Dividend per Share
2.34
2.61
2.62
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
Book Value per Share
2.15
2.47
2.47
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
Tangible Book Value per Share
774
964
1,501
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
Basic Weighted Avg Shares
2,629
3,451
3,104
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
Sales/Revenue/Turnover
8.02
6.82
4.19
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
Operating Margin (%)
143
179
182
185
191
196
217
239
240
245
249
259
263
299
342
336
- -
Depreciation Expense
124
125
15
13
11
12
319
638
335
189
312
441
118
92
71
55
91
Net Income, GAAP
8.5
2.63
8.08
5.05
34.47
- -
8
13.65
11.09
7.77
10.13
1.6
0.6
- -
0.24
10.32
7.57
Effective Tax Rate (%)
4.71
3.63
0.48
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
Profit Margin (%)
-481
504
1,277
967
624
386
694
1,305
1,036
1,227
2,322
2,329
1,505
1,647
1,865
1,801
1,579
Working Capital
236
127
880
793
1,015
941
863
766
- -
- -
1,108
1,093
1,046
1,240
985
505
677
LT Debt
1,922
2,961
2,973
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
Total Equity
2.99
2.98
0.29
-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 Invested Capital (%)
5.51
5.82
2.96
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 Capital (%)
6.98
5.34
0.52
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
Return on Common Equity (%)

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
- -
- -
- -
- -
- -
Similar Companies
International Paper Company (NYSE:IP)
JK Paper Limited (NSE:JKPAPER)
Avery Dennison Corporation (NYSE:AVY)
Alkim Kagit Sanayi ve Ticaret A.S. (BIST:ALKA)
Alkim Alkali Kimya A.S. (BIST:ALKIM)
Suzano S.A. (B3:SUZB3)
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.