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Shandong Sunpaper Co., Ltd. Class A

Shandong Sunpaper Co., Ltd. Class A

SSZSE:002078
12.90
CNY
+0.09
(+0.70%)
1.23EPS
12.06P/E
41.44BMarket Cap
Oct 29Next Earn
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
4.98
4.24
4.38
5.75
7.47
8.37
8.78
8.29
12.19
14.72
14.1
14.58
13.99
14.12
Basic EPS, GAAP
0.13
0.19
0.27
0.42
0.8
0.86
0.84
0.75
1.11
1.04
1.1
1.11
1.16
1.23
Free Cash Flow per Basic Share
0.22
0.27
-0.79
0.45
-0.05
0.55
0.23
0.12
-0.88
-0.33
0.66
1.04
-1.06
- -
Dividend per Share
0.23
0.22
0.2
0.19
0.22
0.29
0.29
0.28
0.3
0.43
0.41
0.49
0.57
0.27
Book Value per Share
2.21
2.36
2.75
3.14
3.98
4.85
5.63
6.14
6.96
8.26
9.32
10.24
10.91
11.18
Tangible Book Value per Share
2.03
2.14
2.55
2.92
3.73
4.5
5.28
5.73
6.47
7.61
8.64
9.49
10.1
10.36
Basic Weighted Avg Shares
2,189
2,467
2,469
2,516
2,530
2,602
2,593
2,604
2,639
2,701
2,805
2,794
2,802
2,795
Sales/Revenue/Turnover
10,895
10,458
10,825
14,455
18,894
21,768
22,763
21,589
32,159
39,767
39,544
40,727
39,192
39,452
Operating Margin (%)
9.5
12.07
14.97
14.15
18.76
15.65
13.74
13.69
12.22
9.88
10.35
11.02
10.99
11.49
Depreciation Expense
733
751
742
889
988
1,148
1,447
1,434
1,759
2,050
2,159
2,361
2,473
- -
Net Income, GAAP
285
469
667
1,057
2,024
2,238
2,178
1,953
2,929
2,809
3,086
3,101
3,251
3,437
Effective Tax Rate (%)
30.43
19.96
27.43
21.12
23.24
17.55
15.27
17.26
12.21
8.17
6.58
13.15
15.15
14.75
Profit Margin (%)
2.61
4.48
6.16
7.31
10.71
10.28
9.57
9.05
9.11
7.06
7.8
7.61
8.29
8.71
Working Capital
-1,878
-2,904
-2,113
-1,181
-1,217
-3,181
-3,013
-4,402
-6,621
-4,860
-4,011
-4,224
-5,122
-4,681
LT Debt
2,438
1,804
2,217
2,917
3,403
2,778
2,690
4,064
5,415
6,661
6,723
6,449
8,956
9,314
Total Equity
5,522
5,825
7,394
8,340
10,824
12,627
14,700
16,235
18,786
23,175
26,155
28,727
30,612
31,344
Return on Invested Capital (%)
2.59
4.02
4.4
7
12.02
10.15
8.5
6.73
9.12
7.37
7.36
7.08
6.77
7.02
Return on Capital (%)
4.87
6.11
6.4
8.36
12.04
12.89
10.62
8.37
10.7
9.24
8.86
8.19
7.69
7.99
Return on Common Equity (%)
6.3
8.92
10.75
14.14
22.14
19.55
16.04
12.72
16.83
13.44
12.56
11.35
11
11.49

Capital Structure

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Mar'26
ST Debt
11,113
11,012
11,701
LT Borrowings
8,149
8,934
9,293
LT Finance Leases
23
22
21
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,795
2,795
2,795
Market Capitalization
37,614
44,014
41,443

Working Capital

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Mar'26
Total Current Assets
13,408
13,514
14,098
Cash, Cash Equivalents & STI
2,806
2,197
1,707
Accounts Receivable, Net
2,670
2,100
2,870
Inventories
4,900
5,477
6,008
Total Current Liabilities
17,397
18,636
18,779
Payables & Accruals
- -
- -
- -
ST Debt
11,113
11,012
11,701
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.44%
13.66%
6.56%
Free Cash Flow
-298.61%
-273.53%
-201.85%
Net Income, GAAP
20.87%
12.21%
4.82%
Sales/Revenue/Turnover
15.02%
14.26%
-3.77%
Total Cash Common Dividend
13.51%
18.13%
17.19%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
10,185
10,339
10,451
9,751
40,727
2025
9,898
9,215
- -
10,256
39,192
2026
10,083
- -
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.34
0.29
0.25
0.23
1.11
2025
0.32
0.32
- -
0.27
1.16
2026
0.32
- -
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
0.05
0.35
0.04
0.49
2025
0.04
0.04
- -
0.14
0.57
2026
0.04
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Ze Hua Liu
Full Time Employees
18,196
Sector
Process industries
Industry
Pulp & paper
Address
No. 1 Youyi Road Jining SD China 272100
IPO Date
Nov 24, 2006
Website
sunpapergroup.com
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Business
Shandong Sunpaper Co., Ltd. (002078.SZ) manufactures and sells a broad range of paper products, wood pulp, and cardboard primarily in China and internationally. The company produces cultural paper including coated art paper, double adhesive paper, offset paper, and copper paper; packaging paper such as kraft box board paper, corrugated paper, ivory board, bristol board, food-grade board, cigarette board, kraft linerboard, and test liners; fast-moving consumer goods paper comprising household paper and tissue paper; specialty paper; food paper like coated base paper, cupstock base paper, and PE coated cupstock paper; writing paper and copy paper; as well as pulp products including dissolving pulp, bleached and natural color chemical pulp, chemical mechanical pulp, and new fiber raw materials; it also engages in thermoelectric power generation and steam supply, sewage treatment, recycling of renewable resources, bio-based new materials, and trading of office supplies, chemicals, textiles, building materials, and timber. Shandong Sunpaper operates through segments including thermal power, pulping, papermaking, chemicals, and trading, with production bases in Shandong and Guangxi provinces in China as well as Laos, serving domestic and export markets under brands such as Golden Sun, Huaxia Sun, Brilliant Sun, STARSPARK, STARBLANC, STARLUX, STARSILK, STARFLO, STARCUP, and STARPACK. Founded in 1982 and headquartered in Yanzhou District, Jining City, Shandong Province, China, the company recently awarded Valmet key pulp mill technology including cooking and fiberline, recovery boiler, ash crystallization, analyzers, and safety systems for its new 600,000-tonnes-per-year Yandian pulp mill in Shandong, slated to start up in late 2026; it also provides funding to subsidiary Guangxi Sun Paper Co., Ltd. and maintains ongoing investments in overseas papermaking projects such as the 1.2-million-tonne facility in Savannakhet Province, Laos.