Employees: 8,992
Size Shandong Chenming Paper (000488.SZ) is a China Materials company (Pulp & Paper) with a market value of $536M, the 3698th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥1.88 on 6 Nov 2026.
Performance Over six months the shares fell 26.9%, against -18.8% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 0.5% over the last twelve months (peer median -0.7%); the operating margin is -37.4% (peer median 1.4%).
Valuation It trades at 3.5× enterprise value to sales against a peer median of 1.2× (5th most expensive of 21).
Capital Return on invested capital runs 13.8 points below its cost of capital (5.0% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥10.9B | CN¥6.18B | CN¥22.7B | CN¥26.6B | CN¥32.0B |
| Revenue growth | — | -73% | -15% | -17% | — |
| Gross profit | -CN¥1.47B | -CN¥2.63B | CN¥311M | CN¥1.93B | CN¥4.38B |
| EBITDA | -CN¥1.77B | -CN¥2.98B | -CN¥2.37B | CN¥1.96B | CN¥4.32B |
| Net income | -CN¥5.22B | -CN¥8.30B | -CN¥7.41B | -CN¥1.23B | CN¥99.6M |
| Free cash flow | -CN¥264M | CN¥241M | CN¥2.56B | CN¥4.05B | CN¥2.51B |
| Capital expenditure | CN¥46.4M | CN¥3.21M | CN¥69.4M | CN¥314M | CN¥885M |
| Total debt | CN¥32.8B | CN¥32.4B | CN¥38.0B | CN¥49.2B | CN¥52.5B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 000488.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.1% | -10.2% | 11th highest of 21 |
| 6-month return | -26.9% | -18.8% | 7th lowest of 21 |
| Distance from 52-week high | -41.1% | -39.3% | 10th lowest of 21 |
| Revenue growth (TTM) | +0.5% | -0.7% | 10th highest of 21 |
| Operating margin | -37.4% | 1.4% | 2nd lowest of 20 |
| EV / Sales | 3.5× | 1.2× | 5th most expensive of 21 |
| ROIC minus cost of capital | -13.8 pp | -5.2 pp | 2nd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shandong Chenming Paper 000488.SZ | China | $536M | -27% | 0% | -37% | 3.5× | n/a | n/a |
| Anhui Genuine New Materials 603429.SS | China | $539M | -33% | -37% | -46% | 24.2× | n/a | n/a |
| Zhangjiagang Freetrade Science & Technology 600794.SS | China | $533M | -17% | -35% | -32% | 5.7× | -9.2% | -21.8% |
| Zhejiang Rongsheng Environmental Protection Paper 603165.SS | China | $554M | -32% | +10% | 2% | 1.2× | n/a | n/a |
| Tokushu Tokai Paper 3708.T | Japan | $494M | +34% | 0% | 5% | 1.1× | 8.5% | +4.5% |
| Xiamen Anne 002235.SZ | China | $593M | -38% | +1% | -9% | 8.6× | n/a | n/a |
| ENCE Energia y Celulosa ENC.MC | Spain | $608M | -9% | -1% | 1% | 1.5× | n/a | n/a |
| Guangdong Ganhua Science & Industry 000576.SZ | China | $469M | -17% | +81% | 10% | 4.1× | n/a | n/a |
| Qifeng New Material 002521.SZ | China | $445M | -37% | -3% | 4% | 0.9× | -2.0% | +3.6% |
| Hangzhou Huawang New Material Technology 605377.SS | China | $655M | -20% | -13% | 8% | 1.1× | -7.9% | +14.8% |
| Mudanjiang Hengfeng Paper 600356.SS | China | $435M | -11% | -2% | 8% | 1.1× | -1.6% | +9.0% |
| Shandong Huatai Paper 600308.SS | China | $662M | -25% | -5% | -2% | 0.6× | n/a | n/a |
| JK Paper JKPAPER.NS | India | $707M | -1% | +12% | 8% | 1.1× | 19.8% | +20.7% |
| Shanghai NAR Industrial 002825.SZ | China | $400M | -20% | +19% | 3% | 1.2× | n/a | n/a |
| Anhui Linping Circular Development 603284.SS | China | $395M | -26% | +7% | n/a | 0.8× | n/a | n/a |
| Zhejiang Kan Specialities Material 002012.SZ | China | $387M | -17% | +9% | 1% | 3.1× | 41.0% | -16.5% |
| Chung Hwa Pulp 1905.TW | Taiwan | $373M | -11% | -7% | -9% | 1.4× | n/a | n/a |
| Yibin Paper Industry 600793.SS | China | $366M | -15% | -24% | 5% | 2.1× | 4.1% | +4.4% |
| Zhejiang Jingxing Paper Joint Stock 002067.SZ | China | $787M | -27% | +18% | 0% | 0.9× | n/a | n/a |
| Guangdong Guanhao High-Tech 600433.SS | China | $788M | -37% | -1% | -4% | 1.4× | 25.9% | +2.0% |
| Longchen Paper & Packaging 1909.TW | Taiwan | $364M | +1% | +4% | 1% | 1.1× | 36.9% | +1.5% |