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    Process industries

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    Containers/Packaging
Xiamen Hexing Packaging Printing Co., Ltd. Class A

Xiamen Hexing Packaging Printing Co., Ltd. Class A

SSZSE:002228
3.22
CNY
+0.02
(+0.63%)
0.10EPS
31.56P/E
3.57BMarket Cap
Oct 28Next 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
2.49
2.78
2.73
3.44
8.03
10.44
9.57
9.93
14.47
12.79
10.83
9.81
8.87
9.5
Basic EPS, GAAP
0.1
0.13
0.11
0.1
0.13
0.2
0.23
0.24
0.18
0.11
0.09
0.08
0.09
0.09
Free Cash Flow per Basic Share
-0.02
0.15
-0.08
0.28
-0.38
0.24
0.11
-0.21
-0.23
0.22
0.14
0.31
0.02
- -
Dividend per Share
0.09
0.08
0.08
0.09
0.1
0.14
0.1
0.12
0.15
0.2
0.17
0.15
0.21
0.18
Book Value per Share
0.98
1.09
1.5
1.56
2.19
2.34
2.59
2.79
2.75
2.7
2.66
2.61
2.46
2.45
Tangible Book Value per Share
0.81
0.91
1.25
1.25
1.68
1.88
2.11
2.28
2.19
2.16
2.11
2.04
1.93
1.94
Basic Weighted Avg Shares
982
977
1,043
1,029
1,090
1,165
1,160
1,209
1,213
1,202
1,146
1,169
1,150
1,119
Sales/Revenue/Turnover
2,442
2,716
2,852
3,542
8,748
12,166
11,097
12,007
17,549
15,375
12,414
11,470
10,194
10,626
Operating Margin (%)
6.49
8.18
7.13
5.34
4.72
4.49
3.7
3.91
2.08
1.32
1.96
2.38
2.56
2.43
Depreciation Expense
73
82
89
104
170
193
191
189
269
291
299
303
292
- -
Net Income, GAAP
95
126
115
103
142
233
267
290
218
132
103
94
103
104
Effective Tax Rate (%)
20
22.03
22.98
20.45
27.54
19.92
19.06
15.53
5.08
- -
10.44
7.54
29.64
26.41
Profit Margin (%)
3.88
4.62
4.02
2.91
1.62
1.92
2.4
2.42
1.24
0.86
0.83
0.82
1.02
0.98
Working Capital
305
239
567
514
1,228
1,158
1,704
1,790
1,409
1,468
1,387
701
783
703
LT Debt
298
297
298
299
- -
245
507
639
746
1,054
1,105
477
695
660
Total Equity
991
1,088
1,611
1,711
2,770
3,024
3,292
3,790
3,725
3,614
3,517
3,343
3,114
3,112
Return on Invested Capital (%)
5.37
6.5
5.3
4.39
6.11
6.85
6.49
6.38
4.04
- -
2.12
1.87
2.63
2.85
Return on Capital (%)
7.07
8.5
6.67
7.45
6.94
6.66
6.94
6.4
5.55
- -
3.58
3.34
3.06
2.77
Return on Common Equity (%)
10.2
12.44
8.73
6.43
6.76
8.79
9.25
8.95
6.37
3.92
3.11
2.88
3.35
3.39

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
526
644
762
LT Borrowings
684
657
638
LT Finance Leases
11
17
21
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,213
1,213
1,213
Market Capitalization
5,606
4,793
3,567

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,363
4,243
4,581
Cash, Cash Equivalents & STI
598
564
557
Accounts Receivable, Net
2,139
2,115
2,263
Inventories
1,021
1,058
1,243
Total Current Liabilities
3,580
3,502
3,879
Payables & Accruals
- -
- -
- -
ST Debt
526
644
762
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.21%
-3.84%
-6.85%
Free Cash Flow
-138.76%
-39.9%
-93.87%
Net Income, GAAP
3.02%
-16.97%
10.61%
Sales/Revenue/Turnover
20.54%
-0.84%
-11.13%
Total Cash Common Dividend
13.39%
12.62%
32.63%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,735
2,955
2,898
2,882
11,470
2025
2,496
2,652
- -
2,451
10,194
2026
2,671
2,850
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.05
0.05
-0.04
0.08
2025
0.04
0.06
- -
-0.05
0.09
2026
0.04
0.05
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.12
0.01
0.01
0.15
2025
0.01
0.01
- -
0.01
0.21
2026
0.11
0.06
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Xiao Guang Xu
Full Time Employees
8,766
Sector
Process industries
Industry
Containers/Packaging
Address
No. 556, Tongji North Road Xiamen FU China 361100
IPO Date
May 9, 2008
Website
hxpp.com.cn
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Business
Xiamen Hexing Packaging Printing Co., Ltd. (002228.SZ) engages primarily in the research, development, design, production, sales, and service of high-grade packaging materials and printing products, offering one-stop packaging solutions to customers in the food and beverage, electronics, and consumer goods industries. The company's core products include medium- and high-end corrugated boxes and cartons; color boxes; cardboard; cushioning packaging materials such as expanded polyethylene (EPE), honeycomb products, and paper pulp molding; as well as books, periodicals, labels, and wine boxes. Founded in May 1993 and headquartered in Xiamen, Fujian Province, China, the company operates principally in mainland China with expansions into Southeast Asia, supported by multiple subsidiaries and factories providing warehousing, distribution, JIT, and VMI services. In recent developments, Xiamen Hexing Packaging Printing establishes strategic partnerships, including a 2025 overseas cooperation agreement with Midea Group to enhance global manufacturing supply chains in markets such as Thailand and Indonesia; a strategic alliance with Haitian Seasoning in August 2025 to build a smart manufacturing ecosystem; and a joint laboratory with Haier Smart Home. The company advances green initiatives through its Bengbu factory project with China Resources Beer, nearing production in 2025, and conducts ongoing share repurchases, including a fifth plan in 2025 acquiring over 4 million shares for CNY 15 million by September and an initial tranche of 1.2 million shares in August. Subsidiaries such as Hezhong Chuangya (Wuhan), Foshan Hexin, and Hezhong Chuang Yabo Hai (Tianjin) receive high-tech enterprise recognition in 2024-2025, bolstering innovation in packaging solutions.