China Sunshine Paper Holdings Company Limited logo

China Sunshine Paper Holdings Company Limited

2002.HK

HKSEBasic MaterialsPaper, Lumber & Forest Products

Latest quote

HK$0.95

HK$0.00 · 0.00%

Aug 24, 10:23 AM HKTData delayed

2002.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

China Sunshine Paper Holdings Company Limited is an international enterprise primarily involved in the manufacturing and distribution of diverse paper products. Its extensive portfolio encompasses white top linerboards, both standard and coated variants, which form the outer layer of corrugated packaging. The company also produces core boards, serving as fundamental bases for various paper and yarn goods. Furthermore, it offers premium medium papers, crucial for shaping corrugated materials into different flute profiles, and a range of specialty papers designed for applications such as medium and high-density fiberboards, multi-layer plywood, particle boards, artificial board layers (armour, surface, and bottom), pre-printing, paper bags, and carton boxes. Beyond paper manufacturing, the company engages in trading paper products and waste materials. It also provides a suite of services, including transportation, general and medicine-specific package design, and business factoring. Its operations extend to generating and supplying electricity and steam, and it manages a hotel. Established in 2000, the company is headquartered in Weifang, People's Republic of China.

Industry
Paper, Lumber & Forest Products
Sector
Basic Materials
Headquarters
CN
CEO
Changhai Wang
Listed since
Dec 12, 2007
Employees
4,500

Market position

52-week range

Current HK$0.95

Open
HK$0.95
Previous close
HK$0.95
Volume
4K
0.06× average
Average volume
67.51K
Average daily volume
Market cap
1.01B HKD
Beta
0.45
Market reference 1
50-day average
HK$0.9328
+1.84% above average
200-day average
HK$1.1925
-20.33% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
4.95B CNY
P/E (TTM)
5.43×
P/B (TTM)
0.18×
P/S (TTM)
0.11×
EV / EBITDA
6.78×
Earnings yield
11.61%
Free cash flow yield
-42.26%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
14.04%
Operating margin
2.72%
Net margin
2.05%
Return on equity
3.30%
Return on assets
1.18%
Return on invested capital
1.10%

Financial health

Debt / equity
1.34×
Current ratio
0.89×
Altman Z-score
1.61
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends21%14%7%0%Gross margin, FY2021: 19.21%Gross margin, FY2022: 12.20%Gross margin, FY2023: 15.67%Gross margin, FY2024: 14.86%Gross margin, FY2025: 14.03%Operating margin, FY2021: 8.15%Operating margin, FY2022: 2.53%Operating margin, FY2023: 4.92%Operating margin, FY2024: 3.79%Operating margin, FY2025: 2.72%Net margin, FY2021: 6.97%Net margin, FY2022: 2.16%Net margin, FY2023: 4.70%Net margin, FY2024: 3.48%Net margin, FY2025: 2.05%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 19.21%. Gross margin FY2022 12.20%. Gross margin FY2023 15.67%. Gross margin FY2024 14.86%. Gross margin FY2025 14.03%. Operating margin FY2021 8.15%. Operating margin FY2022 2.53%. Operating margin FY2023 4.92%. Operating margin FY2024 3.79%. Operating margin FY2025 2.72%. Net margin FY2021 6.97%. Net margin FY2022 2.16%. Net margin FY2023 4.70%. Net margin FY2024 3.48%. Net margin FY2025 2.05%.

Income trends

Revenue

7.79B CNY-3.22%

Operating income

211.55M CNY-30.69%

Net income

159.9M CNY-42.87%
Income trends across reported periods10.48B CNY6.72B CNY2.97B CNY−777.94M CNYRevenue, FY2021: 7.98B CNYRevenue, FY2022: 9.54B CNYRevenue, FY2023: 8.36B CNYRevenue, FY2024: 8.05B CNYRevenue, FY2025: 7.79B CNYOperating income, FY2021: 650.79M CNYOperating income, FY2022: 240.93M CNYOperating income, FY2023: 411.67M CNYOperating income, FY2024: 305.25M CNYOperating income, FY2025: 211.55M CNYNet income, FY2021: 556.62M CNYNet income, FY2022: 205.73M CNYNet income, FY2023: 393.31M CNYNet income, FY2024: 279.87M CNYNet income, FY2025: 159.9M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 7.98B CNY. Revenue FY2022 9.54B CNY. Revenue FY2023 8.36B CNY. Revenue FY2024 8.05B CNY. Revenue FY2025 7.79B CNY. Operating income FY2021 650.79M CNY. Operating income FY2022 240.93M CNY. Operating income FY2023 411.67M CNY. Operating income FY2024 305.25M CNY. Operating income FY2025 211.55M CNY. Net income FY2021 556.62M CNY. Net income FY2022 205.73M CNY. Net income FY2023 393.31M CNY. Net income FY2024 279.87M CNY. Net income FY2025 159.9M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue7.79B CNY8.05B CNY8.36B CNY9.54B CNY7.98B CNY
Cost of goods sold6.7B CNY6.85B CNY7.05B CNY8.37B CNY6.45B CNY
Gross profit1.09B CNY1.2B CNY1.31B CNY1.16B CNY1.53B CNY
Research and development16.3M CNY18.74M CNY15.86M CNY91.85M CNY43.94M CNY
Selling, general, and administrative865.13M CNY865.29M CNY881.79M CNY831.33M CNY838.95M CNY
Operating expenses881.42M CNY692.65M CNY651.37M CNY923.18M CNY594.45M CNY
Interest income49.31M CNY82.78M CNY71.29M CNY57.36M CNY47.52M CNY
Interest expense110M CNY151.41M CNY175.58M CNY169.34M CNY149.22M CNY
Depreciation and amortization438.57M CNY295.78M CNY419.06M CNY390.69M CNY347.52M CNY
Operating income211.55M CNY305.25M CNY411.67M CNY240.93M CNY650.79M CNY
Net income159.9M CNY279.87M CNY393.31M CNY205.73M CNY556.62M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.08

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.260.190.110.04Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q3 2022, reported Aug 29, 2022: actual 0.187, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 30, 2023: actual 0.048, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 29, 2023: actual 0.206, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 0.221, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual 0.193, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 0.09, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 28, 2025: actual 0.085, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 27, 2026: actual 0.08, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates6.09B5.29B4.48B3.67BQ3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q3 2022, reported Aug 29, 2022: actual 5.15B HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 30, 2023: actual 5.86B HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 29, 2023: actual 4.55B HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 4.59B HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual 4.25B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 4.35B HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 28, 2025: actual 3.91B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 27, 2026: actual 4.69B HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.05

2025 complete year+25.0% since 2017

Corporate action history

Dividend

Ex-dividend Jul 4, 2025

HK$0.05

Irregular

Record Jul 7, 2025 · Payment Jul 18, 2025

Dividend

Ex-dividend Jun 2, 2022

HK$0.16

Special

Record Jun 6, 2022 · Payment Jun 22, 2022

Dividend

Ex-dividend Jun 4, 2019

HK$0.04

Annual

Record Jun 5, 2019 · Payment Jun 20, 2019

Dividend

Ex-dividend Jun 5, 2018

HK$0.07

Annual

Record Jun 6, 2018 · Payment Jun 20, 2018

Dividend

Ex-dividend Jun 5, 2017

HK$0.04

Annual

Record Jun 6, 2017 · Payment Jun 20, 2017

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