China Sunshine Paper Holdings Co. Ltd. (HK:2002)
:2002
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China Sunshine Paper Holdings Co. Ltd.
(2002)
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Rating:47Neutral
Price Target:
HK$0.90
▼(-37.34% Downside)
Action:Reiterated
Date:05/01/26
The score is held back primarily by weakened financial performance—thinner margins, declining revenue, and especially the sharp 2025 cash flow/FCF deterioration—alongside a still-bearish longer-term technical trend. Low valuation (low P/E and ~4.5% yield) provides partial support but does not fully offset the near-term fundamental and trend risks.
Positive Factors
Sustained Gross Margins
Maintaining mid‑teen gross margins across 2023–2025 indicates the company retains structural cost or pricing advantages in its paper product mix. This persistence supports durable operating profit potential even if top-line growth is challenged, underpinning medium‑term margin resilience.
Negative Factors
Severe Cash Flow Deterioration
A sharp fall in operating cash flow and a large negative free cash flow in 2025 signal material working‑capital strain or elevated capex that erodes liquidity. This reduces financial flexibility, increases reliance on external funding, and heightens execution risk if weak cash flows persist over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Gross Margins
Maintaining mid‑teen gross margins across 2023–2025 indicates the company retains structural cost or pricing advantages in its paper product mix. This persistence supports durable operating profit potential even if top-line growth is challenged, underpinning medium‑term margin resilience.
Read all positive factors
China Sunshine Paper Holdings Co. Ltd. (2002) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$969.28M
Dividend Yield3.45%
Average Volume (3M)44.22K
Price to Earnings (P/E)5.2
Beta (1Y)0.16
Revenue Growth-3.12%
EPS Growth-41.12%
CountryHK
Employees4,636
SectorBasic Materials
Sector Strength58
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)0.15
Shares Outstanding1,065,144,400
10 Day Avg. Volume41,700
30 Day Avg. Volume44,221
Financial Highlights & Ratios
PEG Ratio-0.20
Price to Book (P/B)0.28
Price to Sales (P/S)0.18
P/FCF Ratio-2.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
China Sunshine Paper Holdings Co. Ltd. Business Overview & Revenue Model
Company Description
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 va...
How the Company Makes Money
The company makes money primarily by manufacturing paper products and selling them to customers (typically businesses) that use paper for packaging and related industrial applications. Key revenue streams are generated from (1) sales of paper prod...
China Sunshine Paper Holdings Co. Ltd. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
48
Neutral
Cash Flow
23
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.79B | 8.05B | 8.36B | 9.54B | 7.98B |
| Gross Profit | 1.09B | 1.20B | 1.31B | 1.16B | 1.53B |
| EBITDA | 731.19M | 613.96M | 1.19B | 918.92M | 1.24B |
| Net Income | 159.90M | 279.87M | 393.31M | 205.73M | 556.62M |
Balance Sheet | |||||
| Total Assets | 13.54B | 12.11B | 12.16B | 12.10B | 11.03B |
| Cash, Cash Equivalents and Short-Term Investments | 2.92B | 1.15B | 1.59B | 868.93M | 840.09M |
| Total Debt | 6.50B | 5.11B | 5.18B | 5.56B | 4.71B |
| Total Liabilities | 8.22B | 6.81B | 7.19B | 7.68B | 6.94B |
| Stockholders Equity | 4.84B | 4.85B | 4.57B | 4.09B | 3.78B |
Cash Flow | |||||
| Free Cash Flow | -582.25M | 86.51M | 870.30M | -111.79M | -50.98M |
| Operating Cash Flow | 113.71M | 680.54M | 1.41B | 546.40M | 1.07B |
| Investing Cash Flow | -791.12M | -884.63M | -118.01M | -1.13B | -1.39B |
| Financing Cash Flow | 853.55M | -228.69M | -559.81M | 607.55M | 536.07M |
China Sunshine Paper Holdings Co. Ltd. Technical Analysis
Negative
1.43
Price Trends
1.05
Negative
1.15
Negative
1.40
Negative
Market Momentum
-0.04
Positive
29.37
Positive
>-0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2002, the sentiment is Negative. The current price of 1.43 is above the 20-day moving average (MA) of 1.01, above the 50-day MA of 1.05, and above the 200-day MA of 1.40, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 29.37 is Positive, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2002.
China Sunshine Paper Holdings Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | HK$13.19B | 6.79 | 6.55% | 3.92% | 2.49% | 47.91% | |
59 Neutral | HK$129.65M | 3.94 | 12.59% | ― | 0.10% | 81.31% | |
57 Neutral | HK$32.14B | 8.34 | 7.39% | ― | 7.38% | 252.52% | |
47 Neutral | HK$969.28M | 5.23 | 3.27% | 3.45% | -3.12% | -41.12% | |
45 Neutral | HK$608.28M | -9.90 | -37.51% | ― | 9.60% | -399.43% | |
41 Neutral | HK$4.67B | -0.85 | ― | ― | -48.87% | 16.69% |
* Basic Materials Sector Average
HK:2002
China Sunshine Paper Holdings Co. Ltd.
0.91
-0.78
-46.15%
HK:2314
Lee & Man Paper Manufacturing
3.07
1.00
48.17%
HK:2689
Nine Dragons Paper Holdings
6.85
3.76
121.68%
HK:1812
Shandong Chenming Paper Holdings Co., Ltd. Class H
0.67
-0.01
-1.47%
HK:0731
C&D Newin Paper & Pulp Corporation Limited
0.43
0.24
121.65%
HK:8481
Shenglong Splendecor International Limited
0.32
-0.07
-17.95%
China Sunshine Paper Holdings Co. Ltd. Corporate Events
China Sunshine Paper Lends RMB59 Million to Boost Returns on Cash
Jun 16, 2026
China Sunshine Paper Holdings’ subsidiary Century Sunshine has agreed to extend a RMB59 million loan to Rifangsheng for one year at an annual interest rate of 3.45%, with interest payable quarterly and principal due in a lump sum at maturity...
China Sunshine Paper Wins Strong Shareholder Backing at 2026 AGM
Jun 12, 2026
China Sunshine Paper Holdings reported the results of its annual general meeting held on 12 June 2026 in Weifang, Shandong, with all directors attending either in person or electronically. Shareholders overwhelmingly approved the company’s a...
China Sunshine Paper Sets 2026 AGM, Seeks Director Re-elections and Share Buy-back Mandate
Apr 27, 2026
China Sunshine Paper Holdings has called its annual general meeting for 12 June 2026 at its office tower in the Changle Economic Development Zone, Shandong, where shareholders will review the audited financial statements for the year ended 31 Dece...
China Sunshine Paper Executive Director Resigns for Personal Reasons
Apr 15, 2026
China Sunshine Paper Holdings Company Limited announced the resignation of executive director Ci Xiaolei, effective 15 April 2026, citing personal engagements as the reason for his departure. The board stated that Ci has no claims against the comp...
China Sunshine Paper Details Board and Committee Structure
Apr 15, 2026
China Sunshine Paper Holdings Company Limited has announced the current composition of its board of directors, detailing the roles of its executive, non-executive and independent non-executive members. The disclosure underscores the company’...
China Sunshine Paper Profit Drops 43% on Weaker Revenue and Income
Mar 27, 2026
China Sunshine Paper Holdings reported that its revenue for the year ended 31 December 2025 slipped 3.2% to RMB7.79 billion from RMB8.05 billion a year earlier, underscoring a modest top-line contraction in a challenging environment. The group con...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.