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    Process industries

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    Pulp & paper
C&S Paper Co., Ltd. Class A

C&S Paper Co., Ltd. Class A

SSZSE:002511
6.84
CNY
+0.12
(+1.79%)
8.55BMarket Cap
Oct 28Next Earn
C&S Paper Co., Ltd. Class A
SZSE:002511
(Shenzhen Stock Exchange)

Recent

price

6.84

P/E

ratio

- -

div

yld

0.71%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
1.85
1.51
1.89
2.05
2.05
2.37
3.01
3.72
4.46
5.16
6.05
7.09
6.61
7.66
6.34
6.89
- -
Revenue per Share
0.11
0.07
0.13
0.09
0.05
0.07
0.21
0.28
0.32
0.47
0.7
0.45
0.27
0.26
0.06
0.25
- -
Basic EPS, GAAP
-0.1
-0.28
-0.26
-0.57
-0.09
0.2
0.63
0.15
-0.1
0.59
0.24
0.53
0.05
0.61
-0.6
0.83
- -
Free Cash Flow per Basic Share
0.04
0.02
0.05
0.05
0.07
0.07
0.07
0.08
0.13
0.04
0.08
0.1
0.1
0.08
0.08
0.08
0.05
Dividend per Share
1.61
1.67
1.77
1.84
1.89
1.96
2.09
2.36
2.57
3.11
3.84
3.74
3.94
4.1
4.18
4.24
4.3
Book Value per Share
1.55
1.61
1.72
1.71
1.78
1.85
1.99
2.27
2.48
2.99
3.71
3.61
3.77
3.92
3.94
3.98
4.05
Tangible Book Value per Share
960
1,232
1,239
1,223
1,230
1,249
1,265
1,247
1,272
1,285
1,294
1,291
1,296
1,280
1,286
1,274
1,262
Basic Weighted Avg Shares
1,779
1,856
2,339
2,502
2,522
2,959
3,809
4,638
5,679
6,635
7,824
9,150
8,570
9,801
8,151
8,780
- -
Sales/Revenue/Turnover
9.98
5.12
10.43
6.55
7.35
7.43
10.69
9.97
10.23
11.49
14.14
7.71
4.5
3.41
1.24
5.4
- -
Operating Margin (%)
50
60
72
109
123
158
165
171
218
262
304
361
407
421
423
433
- -
Depreciation Expense
109
81
159
116
68
88
260
349
407
604
906
581
350
333
77
319
- -
Net Income, GAAP
16.76
27.4
27.03
22.71
28.39
25
22.22
17.15
20.27
16.25
16.77
12.95
14.8
8.67
22.51
26.42
- -
Effective Tax Rate (%)
6.12
4.34
6.79
4.63
2.68
2.98
6.84
7.53
7.17
9.1
11.58
6.35
4.08
3.4
0.95
3.63
- -
Profit Margin (%)
1,222
1,096
672
1,311
1,034
908
1,111
442
455
930
1,750
1,293
1,691
1,912
1,765
1,953
2,084
Working Capital
36
- -
45
1,313
1,230
957
829
150
75
23
8
6
1
44
64
1
4
LT Debt
1,997
2,078
2,206
2,282
2,350
2,434
2,696
3,044
3,311
4,077
5,042
4,907
5,181
5,481
5,423
5,482
5,560
Total Equity
6.04
2.72
6
2.73
1.66
1.93
6.77
8.41
9.46
14.86
19.37
11.47
6.33
5.35
1.12
4.72
- -
Return on Invested Capital (%)
6.48
3.73
6.7
4.84
3.07
3.83
8.34
9.64
10.64
15.33
19.44
11.52
6.65
5.82
1.67
5.16
- -
Return on Capital (%)
8.97
3.96
7.43
5.17
2.91
3.69
10.15
12.16
12.81
16.35
19.87
11.69
6.94
6.25
1.42
5.86
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,101
595
822
LT Borrowings
- -
- -
- -
LT Finance Leases
1
5
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,286
1,286
1,286
Market Capitalization
11,011
10,767
8,554

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5,306
4,601
4,792
Cash, Cash Equivalents & STI
2,546
1,638
1,320
Accounts Receivable, Net
960
811
898
Inventories
1,464
1,383
1,387
Total Current Liabilities
3,353
2,520
2,708
Payables & Accruals
- -
- -
- -
ST Debt
1,101
595
822
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.8%
1.75%
1.09%
Free Cash Flow
-8.69%
135.11%
-235.49%
Net Income, GAAP
49.97%
31.09%
312.8%
Sales/Revenue/Turnover
12.35%
3.17%
7.72%
Total Cash Common Dividend
14.31%
2.12%
-3.69%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,845
2,176
1,934
2,195
8,151
2025
2,068
2,262
- -
2,302
8,780
2026
2,198
2,212
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
-0.01
-0.03
0.02
0.06
2025
0.05
0.07
- -
0.07
0.25
2026
0.08
0.1
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.07
0.01
0.01
0.08
2025
0.01
0.01
- -
- -
0.08
2026
- -
0.04
- -
- -
- -
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Business
C&S Paper Co., Ltd (Ticker: 002511.SZ) is a China-based company primarily engaged in the manufacturing and distribution of paper products. The company's main products include a wide range of paperboard materials such as containerboard, kraft paper, and recycled paperboard products. It also produces paper for packaging solutions and offers paper-related services. C&S Paper serves various sectors including packaging, printing, and industrial applications. The company operates predominantly within China, leveraging a broad manufacturing and distribution network to supply its products domestically and internationally. Founded in 1995, C&S Paper is headquartered in Shanghai, China. The company has expanded its business scope in recent years to include strategic partnerships focused on enhancing product innovation and sustainable practices within the paper industry. It has pursued acquisitions to strengthen its market position and recently introduced new environmentally friendly paper products designed to meet rising demand for sustainable packaging solutions. These developments reflect the company's strategic shift towards greener product lines and an expanded operational footprint in key industrial regions across China. C&S Paper Co., Ltd operates in the paper manufacturing industry, targeting industrial clients, packaging companies, publishers, and manufacturers. As part of its corporate structure, it includes subsidiaries managing specific segments of production and sales. The company maintains a focus on continuous improvement in production efficiency, product quality, and environmental standards, aligning with evolving regulatory and market trends in China and the broader Asia-Pacific region.