
Lee & Man Paper Manufacturing Limited
2314.HKHKSEBasic MaterialsPaper, Lumber & Forest Products
Latest quote
HK$3.88
−HK$0.06 · -1.52%
2314.HK company overview
Regular session · HKT · Market data may be delayed.
Company profile
Company websiteLee & Man Paper Manufacturing Limited, primarily an investment holding firm, produces and distributes a diverse range of packaging papers, pulps, and tissue papers. Its operations span across key Asian markets including mainland China, Vietnam, Malaysia, Macau, and Hong Kong. The company's business activities are structured into three main divisions: Packaging Paper, Tissue Paper, and Pulp. Its pulp offerings are extensive, featuring dissolved pulps essential for manufacturing products like viscose chemical fibers, bamboo fibers, specialty glass papers, acetate fibers, and refined rayons. Additionally, it provides unbleached bamboo kraft pulps, ideal for ecru life papers, eco-friendly tableware, and food bags, alongside bleached bamboo kraft pulps, which find applications in tissue papers, fine papers, cigarette papers, and cup papers. Furthermore, Lee & Man manufactures containerboard products, encompassing kraft and test linerboards widely used in the production of cartons, paper bags, file boxes, general paperboards, and wall coverings. It also supplies corrugating liners, crucial components for the corrugated and septi-layers of paperboards, as well as for honeycomb-structured products. The product portfolio further extends to white lined chipboards and eco-conscious white linerboard coated products, vital for graphic cartons, color card printing, and offset printing. These materials are extensively utilized in packaging for a broad spectrum of items, including everyday commodities, household appliances, IT goods, pharmaceuticals, food, toys, gifts, ceramics, stationery, and beverages. The company also produces toilet rolls, designed for hygiene purposes such as hand, face, and food cleaning, alongside unbleached paper tailored for diverse applications like baby care, feminine hygiene, facial use, sensitive skin products, and general table and kitchen needs. Established in 1994, the company's headquarters are located in Kwun Tong, Hong Kong.
- Industry
- Paper, Lumber & Forest Products
- Sector
- Basic Materials
- Headquarters
- HK
- CEO
- Man Bun Lee
- Listed since
- Sep 26, 2003
- Employees
- 10,000
Market position
Day range
Current HK$3.88
52-week range
Current HK$3.88
- Open
- HK$4.08
- Previous close
- HK$3.94
- Volume
- 1.95M
- 0.3× average
- Average volume
- 6.55M
- Average daily volume
- Market cap
- 16.66B HKD
- Beta
- 1.01
- Market reference 1
- 50-day average
- HK$3.5931
- +7.98% above average
- 200-day average
- HK$3.3852
- +14.62% above average
Financials
Financial snapshot
Latest / TTMValuation & yield
- Enterprise value
- 31.16B HKD
- EV / EBITDA
- 13.27×
- Earnings yield
- 16.14%
- Free cash flow yield
- 13.58%
Profitability & efficiency
- Return on equity
- 6.38%
- Return on assets
- 3.37%
- Return on invested capital
- 3.06%
Financial health
- Current ratio
- 1.14×
- Altman Z-score
- 2.26
- Piotroski F-score
- 8 of 9
Financial statements
Margin trends
Profitability as a percentage of reported revenue.
Income trends
Revenue
Operating income
Net income
| Metric (HKD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 26.64B HKD | 26B HKD | 24.94B HKD | 29.17B HKD | 32.51B HKD |
| Cost of goods sold | 22.75B HKD | 22.88B HKD | 22.43B HKD | 26.48B HKD | 26.81B HKD |
| Gross profit | 3.9B HKD | 3.11B HKD | 2.5B HKD | 2.69B HKD | 5.7B HKD |
| Selling, general, and administrative | 2B HKD | 1.95B HKD | 1.71B HKD | 2.02B HKD | 2.57B HKD |
| Operating expenses | 2B HKD | 1.75B HKD | 1.48B HKD | 1.49B HKD | 2.04B HKD |
| Interest income | 12.98M HKD | 12.43M HKD | 19.19M HKD | 26.82M HKD | 30.73M HKD |
| Interest expense | 215.35M HKD | 326.18M HKD | 278.12M HKD | 123.77M HKD | 75.39M HKD |
| Depreciation and amortization | 260.18M HKD | 263.3M HKD | 174.55M HKD | 191.5M HKD | 165.25M HKD |
| Operating income | 1.9B HKD | 1.6B HKD | 1.02B HKD | 1.2B HKD | 3.66B HKD |
| Net income | 1.94B HKD | 1.36B HKD | 1.05B HKD | 1.32B HKD | 3.25B HKD |
Company facts updated Aug 24, 2026.
Earnings
- EPS beat rate
- 55%
- 6 beats, 5 misses, 0 met estimates
- Average EPS surprise
- +7.83%
- 11 comparable reports
- Latest EPS result
- 0.32
- Estimate 0.17 · Beat by 88.06%
EPS: actual versus estimate
Recent quarterly results
Revenue: actual versus estimate
Recent quarterly results
Corporate actions
Annual dividends per share
Cash distributions grouped by calendar year; partial years are marked.
HK$0.111
2025 complete year-66.4% since 2021
2026 partial: HK$0.112
HK$0.33
2,021
HK$0.175
2,022
HK$0.058
2,023
HK$0.123
2,024
HK$0.111
2,025
HK$0.112
2,026*
* Partial calendar year in the available dividend history.
Corporate action history
| Action | Ex-dividend date | Details | Record date | Payment date |
|---|---|---|---|---|
Dividend | Aug 13, 2026 | HK$0.112Semi-Annual | Aug 14, 2026 | Sep 3, 2026 |
Dividend | Aug 19, 2025 | HK$0.066Semi-Annual | Aug 20, 2025 | Sep 9, 2025 |
Dividend | May 12, 2025 | HK$0.045Semi-Annual | May 13, 2025 | Jun 3, 2025 |
Dividend | Aug 14, 2024 | HK$0.062Semi-Annual | Aug 15, 2024 | Sep 5, 2024 |
Dividend | May 13, 2024 | HK$0.061Semi-Annual | May 14, 2024 | Jun 5, 2024 |
Dividend | Aug 11, 2023 | HK$0.025Semi-Annual | Aug 14, 2023 | Sep 5, 2023 |
Ex-dividend Aug 13, 2026
HK$0.112
Semi-Annual
Record Aug 14, 2026 · Payment Sep 3, 2026
Ex-dividend Aug 19, 2025
HK$0.066
Semi-Annual
Record Aug 20, 2025 · Payment Sep 9, 2025
Ex-dividend May 12, 2025
HK$0.045
Semi-Annual
Record May 13, 2025 · Payment Jun 3, 2025
Ex-dividend Aug 14, 2024
HK$0.062
Semi-Annual
Record Aug 15, 2024 · Payment Sep 5, 2024
Ex-dividend May 13, 2024
HK$0.061
Semi-Annual
Record May 14, 2024 · Payment Jun 5, 2024
Ex-dividend Aug 11, 2023
HK$0.025
Semi-Annual
Record Aug 14, 2023 · Payment Sep 5, 2023
2314.HK peers
ETFs holding 2314.HK
Funds reporting this stock among their holdings, ordered by reported position size.
iShares Core MSCI Emerging Markets ETFIEMG9.03M0.01%160B USD0.09%$81.57+0.64%
Vanguard Total International Stock ETFVXUS8.75M0.00%646.2B USD0.05%$87.71+0.78%
Vanguard FTSE Emerging Markets ETFVWO8.55M0.01%162.3B USD0.06%$60.45+0.72%
Avantis Emerging Markets Equity ETFAVEM2.6M0.01%27.89B USD0.33%$94.24+0.75%
Vanguard FTSE All-World ex-US ETFVEU1.33M0.00%95.9B USD0.04%$85.69+0.82%
Schwab Fundamental International Small Company Index ETFFNDC1.28M0.04%3.16B USD0.39%$50.98+0.33%
Schwab Emerging Markets Equity ETFSCHE969K0.01%12.89B USD0.06%$36.97+0.71%
Dimensional - Emerging Markets Core Equity 2 ETFDFEM805.04K0.01%9.49B USD0.39%$39.93+0.50%
iShares Core MSCI Emerging Markets ETFIEMG- Market value
- 9.03M
- Weight
- 0.01%
- AUM
- 160B USD
- Expense ratio
- 0.09%
- Price / 1D
- $81.57+0.64%
Vanguard Total International Stock ETFVXUS- Market value
- 8.75M
- Weight
- 0.00%
- AUM
- 646.2B USD
- Expense ratio
- 0.05%
- Price / 1D
- $87.71+0.78%
Vanguard FTSE Emerging Markets ETFVWO- Market value
- 8.55M
- Weight
- 0.01%
- AUM
- 162.3B USD
- Expense ratio
- 0.06%
- Price / 1D
- $60.45+0.72%
Avantis Emerging Markets Equity ETFAVEM- Market value
- 2.6M
- Weight
- 0.01%
- AUM
- 27.89B USD
- Expense ratio
- 0.33%
- Price / 1D
- $94.24+0.75%
Vanguard FTSE All-World ex-US ETFVEU- Market value
- 1.33M
- Weight
- 0.00%
- AUM
- 95.9B USD
- Expense ratio
- 0.04%
- Price / 1D
- $85.69+0.82%
Schwab Fundamental International Small Company Index ETFFNDC- Market value
- 1.28M
- Weight
- 0.04%
- AUM
- 3.16B USD
- Expense ratio
- 0.39%
- Price / 1D
- $50.98+0.33%
Schwab Emerging Markets Equity ETFSCHE- Market value
- 969K
- Weight
- 0.01%
- AUM
- 12.89B USD
- Expense ratio
- 0.06%
- Price / 1D
- $36.97+0.71%
Dimensional - Emerging Markets Core Equity 2 ETFDFEM- Market value
- 805.04K
- Weight
- 0.01%
- AUM
- 9.49B USD
- Expense ratio
- 0.39%
- Price / 1D
- $39.93+0.50%
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