Which companies are Xiamen Anne's closest peers?

The cockpit's peer set: ENCE Energia y Celulosa (ENC.MC), Zhejiang Rongsheng Environmental Protection Paper (603165.SS), Shandong Chenming Paper (1812.HK), Anhui Genuine New Materials (603429.SS), Hangzhou Huawang New Material Technology (605377.SS), Zhangjiagang Freetrade Science & Technology (600794.SS), Shandong Huatai Paper (600308.SS), JK Paper (JKPAPER.NS).

Is Xiamen Anne expensive compared with its peers?

On price / book it trades at 5.16× against a peer median of 1.17×, 2nd most expensive of 21 in its peer set. The share price implies a return on equity of about 31.2%; Xiamen Anne delivers -2.0%, so the price asks more than the business earns today.

How has Xiamen Anne stock performed?

Over six months to 6 Nov 2026 the shares returned -38.5% against -20.1% for the median peer; over one year -5.0%.

← CockpitCompetitor Analysis › 002235.SZ Xiamen Anne Corporation Limited Class AOpen in the cockpit ↗

Xiamen Anne Corporation Limited Class A002235.SZCompetitor analysis, valuation and peers

China · CNY·Materials›Pulp & Paper

Momentum laggard 19

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$593M

US dollars, full cap

Free float

100%

of shares outstanding

$/day

$22.2M

20-day average traded

P/B

5.16×

price to book

ROE

-1.9%

delivered

Implied ROE

31.2%

what the price asks

Close · CNYCN¥6.89

1D-2.8%

1W+5.8%

1M-8.1%

3M-14.4%

6M-38.5%

YTD-33.4%

1Y-5.0%

ATR %4.5%

52w lowhigh52.0% off high

What Xiamen Anne does

Employees: 280

Xiamen Anne at a glance

Size Xiamen Anne (002235.SZ) is a China Materials company (Pulp & Paper) with a market value of $593M, the 3448th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.89 on 6 Nov 2026.

Performance Over six months the shares fell 38.5%, against -20.1% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 21 in its peer set.

Growth Revenue grew 1.3% over the last twelve months (peer median -1.4%); the operating margin is -8.8% (peer median 1.9%).

Valuation It trades at 5.16× book value against a peer median of 1.17× (2nd most expensive of 21).

Price implies The share price implies a return on equity of about 31.2%; Xiamen Anne delivers -2.0%, so the price asks more than the business earns today.

Relative performance

Six months, rebased to 100: Xiamen Anne against the median of its 20 peers (local-currency closes).

Xiamen Anne financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	CN¥401M	CN¥406M	CN¥343M	CN¥367M	CN¥360M
Revenue growth	—	+18%	-6%	+2%	—
Gross profit	CN¥61.5M	CN¥56.5M	CN¥64.4M	CN¥59.6M	CN¥61.3M
EBITDA	n/a	-CN¥14.0M	CN¥20.5M	-CN¥76.8M	-CN¥81.0M
Net income	-CN¥14.8M	-CN¥17.3M	CN¥28.2M	-CN¥278M	-CN¥138M
Free cash flow	-CN¥175M	-CN¥49.7M	CN¥25.7M	CN¥9.06M	CN¥40.6M
Capital expenditure	CN¥27.4M	CN¥20.2M	CN¥14.7M	CN¥6.46M	CN¥15.3M
Total debt	CN¥36.0M	CN¥73.7M	CN¥91.7M	CN¥120M	CN¥104M

Quarterly statements and history in the cockpit →

Xiamen Anne competitor charts

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.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Xiamen Anne is the large dot.

Fundamentals: return on equity against price-to-book

A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Xiamen Anne is the large dot.

Capital: ROE delivered against the ROE the price implies

Above the diagonal = the price asks for a higher return on equity than the business earns today. Xiamen Anne is the large dot.

Xiamen Anne competitors and peer comparison

How Xiamen Anne compares with its peers

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.

Xiamen Anne against its 20 peers (data as of 6 Nov 2026)
Measure	002235.SZ	Peer median	Rank in peer set
1-month return	-8.1%	-10.2%	9th highest of 21
6-month return	-38.5%	-20.1%	2nd lowest of 21
Return on equity	-1.9%	3.2%	7th lowest of 21
Price / book	5.16×	1.17×	2nd most expensive of 21
ROE the price implies	31.2%	8.6%	2nd most demanding of 21
ROE delivered	-2.0%	3.2%	7th lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	ROE	Price / book	Implied ROE	Delivered ROE
Xiamen Anne 002235.SZ	China	$593M	-38%	+1%	-2%	5.16×	31.2%	-2.0%
ENCE Energia y Celulosa ENC.MC	Spain	$608M	-9%	-1%	-8%	1.16×	8.4%	-8.0%
Zhejiang Rongsheng Environmental Protection Paper 603165.SS	China	$554M	-32%	+10%	13%	1.50×	10.3%	12.8%
Shandong Chenming Paper 1812.HK	Hong Kong	$545M	-52%	+4%	-192%	7.35×	31.6%	-191.5%
Anhui Genuine New Materials 603429.SS	China	$539M	-33%	-37%	-3%	2.79×	17.3%	-3.0%
Hangzhou Huawang New Material Technology 605377.SS	China	$655M	-20%	-13%	6%	1.13×	8.7%	6.4%
Zhangjiagang Freetrade Science & Technology 600794.SS	China	$533M	-17%	-35%	-4%	1.42×	8.4%	-4.1%
Shandong Huatai Paper 600308.SS	China	$662M	-25%	-5%	-4%	0.49×	3.9%	-3.7%
JK Paper JKPAPER.NS	India	$707M	-1%	+12%	6%	1.18×	20.1%	6.3%
Tokushu Tokai Paper 3708.T	Japan	$494M	+34%	0%	6%	0.88×	4.7%	5.7%
Guangdong Ganhua Science & Industry 000576.SZ	China	$469M	-17%	+81%	5%	1.88×	15.5%	4.7%
Zhejiang Jingxing Paper Joint Stock 002067.SZ	China	$787M	-27%	+18%	3%	0.77×	5.0%	2.9%
Guangdong Guanhao High-Tech 600433.SS	China	$788M	-37%	-1%	1%	1.19×	9.9%	0.7%
Qifeng New Material 002521.SZ	China	$445M	-37%	-3%	4%	0.76×	6.7%	3.5%
Mudanjiang Hengfeng Paper 600356.SS	China	$435M	-11%	-2%	7%	0.94×	6.4%	7.5%
Hokuetsu 3865.T	Japan	$816M	-9%	-5%	3%	0.52×	3.2%	2.6%
Sichuan Jinshi Technology 002951.SZ	China	$840M	-7%	-52%	-13%	3.66×	23.0%	-13.5%
Shandong Bohui Paper Industry 600966.SS	China	$841M	-33%	-2%	2%	0.76×	6.6%	1.8%
Japan Pulp and Paper 8032.T	Japan	$877M	+9%	+10%	4%	1.01×	6.6%	4.1%
Shanghai NAR Industrial 002825.SZ	China	$400M	-20%	+19%	4%	1.65×	12.9%	4.1%
Wuzhou Special Paper 605007.SS	China	$882M	-22%	+17%	10%	1.51×	15.3%	10.3%

Questions

Which companies are Xiamen Anne's closest peers?: The cockpit's peer set: ENCE Energia y Celulosa (ENC.MC), Zhejiang Rongsheng Environmental Protection Paper (603165.SS), Shandong Chenming Paper (1812.HK), Anhui Genuine New Materials (603429.SS), Hangzhou Huawang New Material Technology (605377.SS), Zhangjiagang Freetrade Science & Technology (600794.SS), Shandong Huatai Paper (600308.SS), JK Paper (JKPAPER.NS).
Is Xiamen Anne expensive compared with its peers?: On price / book it trades at 5.16× against a peer median of 1.17×, 2nd most expensive of 21 in its peer set. The share price implies a return on equity of about 31.2%; Xiamen Anne delivers -2.0%, so the price asks more than the business earns today.
How has Xiamen Anne stock performed?: Over six months to 6 Nov 2026 the shares returned -38.5% against -20.1% for the median peer; over one year -5.0%.