1. China Stocks

  2. •

    Process industries

  3. •

    Pulp & paper
Shanghai NAR Industrial Co., Ltd. Class A

Shanghai NAR Industrial Co., Ltd. Class A

SSZSE:002825
8.29
CNY
-0.14
(-1.66%)
0.30EPS
31.37P/E
2.81BMarket 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
2.27
2.81
2.55
2.59
2.35
2.86
3.67
4.34
5.3
4.83
4.45
5.71
5.9
6.47
Basic EPS, GAAP
0.19
0.28
0.29
0.31
0.13
0.22
0.15
0.33
0.19
1.05
0.3
0.38
0.42
0.26
Free Cash Flow per Basic Share
0.16
0.22
- -
0.09
0.2
0.05
0.11
0.05
-0.08
-0.37
0.03
0.04
-0.29
- -
Dividend per Share
0.01
0.11
0.09
- -
0.07
0.04
0.05
0.1
0.21
0.13
0.23
0.16
0.14
0.26
Book Value per Share
1.05
1.22
1.42
2.01
2.07
2.26
2.54
2.74
3.14
4.02
4.22
4.44
4.65
4.6
Tangible Book Value per Share
0.95
1.03
1.23
1.88
1.93
2.26
2.11
2.32
2.74
3.76
3.98
4.2
4.3
4.25
Basic Weighted Avg Shares
208
205
206
212
274
276
277
289
332
335
334
332
336
337
Sales/Revenue/Turnover
472
576
527
549
643
789
1,017
1,254
1,759
1,618
1,487
1,900
1,981
2,180
Operating Margin (%)
9.41
9.44
11.57
11.28
7.77
6.92
5.33
11.26
6.97
6.1
4.98
4.24
4.66
4.17
Depreciation Expense
8
9
10
14
16
16
23
35
48
47
50
65
76
- -
Net Income, GAAP
39
58
59
65
36
62
42
96
62
352
100
126
141
88
Effective Tax Rate (%)
13.51
11.79
14.18
13.81
12.37
9.26
5.23
11.26
4.9
14.37
4.52
- -
12.63
12.36
Profit Margin (%)
8.34
10
11.28
11.82
5.65
7.86
4.17
7.64
3.51
21.75
6.74
6.65
7.11
4.05
Working Capital
111
115
105
363
326
292
356
392
613
433
462
431
469
376
LT Debt
- -
- -
- -
- -
- -
- -
- -
12
25
21
127
18
45
46
Total Equity
215
250
291
553
569
622
777
858
1,145
1,397
1,450
1,528
1,680
1,694
Return on Invested Capital (%)
16.58
21.77
20.9
14.26
6.5
10.41
6.57
13.83
8.34
26.43
6.14
- -
7.71
5.06
Return on Capital (%)
19.21
23.84
21.96
15.39
7.92
10.26
5.54
9.67
3.61
24.91
6.74
- -
7.57
3.85
Return on Common Equity (%)
20.11
24.72
21.95
15.39
6.48
10.41
6.34
12.73
6.69
28.94
7.1
8.53
9.07
5.6

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
282
322
381
LT Borrowings
15
10
15
LT Finance Leases
30
32
31
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
342
342
342
Market Capitalization
3,924
3,583
2,811

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,448
1,553
1,545
Cash, Cash Equivalents & STI
689
639
704
Accounts Receivable, Net
336
373
372
Inventories
271
310
298
Total Current Liabilities
979
1,081
1,169
Payables & Accruals
- -
- -
- -
ST Debt
282
322
381
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.2%
14.91%
9.93%
Free Cash Flow
270.8%
-149.86%
-805.84%
Net Income, GAAP
53.14%
80.27%
11.56%
Sales/Revenue/Turnover
15.24%
11.24%
4.26%
Total Cash Common Dividend
- -
26%
-10.68%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
404
530
488
478
1,900
2025
503
469
- -
513
1,981
2026
571
626
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.12
0.13
0.06
0.38
2025
0.2
0.14
- -
-0.01
0.42
2026
0.05
0.09
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.03
-0.01
0.16
2025
- -
0.12
- -
0.01
0.14
2026
- -
0.13
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Ai Guo You
Full Time Employees
1,683
Sector
Process industries
Industry
Pulp & paper
Address
No.26 Xinhan Road Shanghai SH China 201314
IPO Date
Nov 29, 2016
Website
nar.com.cn
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Business
Shanghai NAR Industrial Co., Ltd is a China-based high-tech enterprise specializing in the research, development, production, and sales of digital printing materials and precision coating products. The company’s core products include self-adhesive vinyl series, one-way vision films, cold laminating films, glass films, vinyl wrap films, floor graphics, wallpapers, paint protection films, and inkjet inks marketed under various brands such as NAR, INFLEX, BN, NAR PPF, Yifan, INKBANK, and NarPremium. Shanghai NAR also operates in related fields including automotive aftermarket films, optical and electronic functional films, and new energy materials like fuel cell membrane electrodes under the NAR hydrogen brand. Founded in 2002 and headquartered in Shanghai, the company serves customers in more than 90 countries and regions globally. It has continuously expanded into diversified sectors including indoor and outdoor advertising, decoration and functional materials, new energy applications, and transportation. Recently, Shanghai NAR signed a letter of intent to acquire a 51% stake in Shanghai Philai Testing Technology Co., Ltd, marking a strategic move into the semiconductor testing sector. In addition, the company has undergone a substantial equity buyback and continues to invest in related advanced technology ventures, emphasizing an industrial and capital dual-wheel drive development model. Shanghai NAR maintains multiple production lines for solvent-based digital printing materials including super-wide laminated banners, knife-coated fabrics, digital printed vinyl, and perforated vinyl. The company’s product portfolio targets advertising, decorative, automotive, and energy storage markets. It has been recognized with several honors including innovative enterprise status and energy-saving and emission reduction awards in China. The acquisition plans and ongoing product innovation underline its strategy to deepen technological capabilities and broaden its market footprint. This diversified industrial group operates primarily in China with a growing international presence, emphasizing R&D, production efficiency, and sustainable development in its operations and product offerings. Shanghai NAR Industrial Co., Ltd remains a leading supplier of precision coating materials focused on enhancing functional and decorative applications in various end markets. Shanghai NAR Industrial Co., Ltd trades on the Shenzhen Stock Exchange under ticker 002825.SZ.