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Employees: 1,848
Size Qifeng New Material (002521.SZ) is a China Materials company (Pulp & Paper) with a market value of $445M, the 4126th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.30 on 6 Nov 2026.
Performance Over six months the shares fell 36.5%, against -17.8% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue fell 3.1% over the last twelve months (peer median +1.5%); the operating margin is 3.8% (peer median 1.4%).
Valuation It trades at 16.1× forward earnings against a peer median of 20.3× (3rd cheapest of 8).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.1 points below its cost of capital (7.2% WACC).
Next results Next results expected around 19 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.26B | CN¥3.35B | CN¥3.39B | CN¥3.65B | CN¥3.12B |
| Revenue growth | — | -1% | -7% | +17% | — |
| Gross profit | CN¥490M | CN¥383M | CN¥329M | CN¥489M | CN¥228M |
| EBITDA | n/a | CN¥349M | CN¥295M | CN¥452M | CN¥145M |
| Net income | CN¥137M | CN¥155M | CN¥112M | CN¥237M | CN¥8.48M |
| Free cash flow | CN¥366M | CN¥231M | -CN¥89.1M | CN¥354M | -CN¥460M |
| Capital expenditure | CN¥13.2M | CN¥36.5M | CN¥277M | CN¥271M | CN¥129M |
| Total debt | CN¥797M | CN¥935M | CN¥936M | CN¥785M | CN¥795M |
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 | 002521.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.4% | -13.3% | 9th lowest of 21 |
| 6-month return | -36.5% | -17.8% | 3rd lowest of 21 |
| Distance from 52-week high | -43.1% | -40.4% | 7th lowest of 21 |
| Revenue growth (TTM) | -3.1% | +1.5% | 6th lowest of 21 |
| Operating margin | 3.8% | 1.4% | 6th highest of 20 |
| Forward P/E | 16.1× | 20.3× | 3rd cheapest of 8 |
| Growth the price implies (Req g, 7 yrs) | -2.0% | 10.0% | 2nd least demanding of 10 |
| Growth delivered (Del g) | +3.6% | +1.5% | 4th highest of 10 |
| Hurdle (Req g minus delivered) | -5.7 pp | +12.6 pp | 2nd least demanding of 10 |
| ROIC minus cost of capital | -2.1 pp | -5.2 pp | 6th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Qifeng New Material 002521.SZ | China | $445M | -37% | -3% | 4% | 16.1× | -2.0% | +3.6% |
| Mudanjiang Hengfeng Paper 600356.SS | China | $435M | -11% | -2% | 8% | n/a | -1.6% | +9.0% |
| Guangdong Ganhua Science & Industry 000576.SZ | China | $469M | -17% | +81% | 10% | 20.3× | n/a | n/a |
| Tokushu Tokai Paper 3708.T | Japan | $494M | +34% | 0% | 5% | n/a | 8.5% | +4.5% |
| Shanghai NAR Industrial 002825.SZ | China | $400M | -20% | +19% | 3% | n/a | n/a | n/a |
| Anhui Linping Circular Development 603284.SS | China | $395M | -26% | +7% | n/a | n/a | n/a | n/a |
| Zhejiang Kan Specialities Material 002012.SZ | China | $387M | -17% | +9% | 1% | n/a | 41.0% | -16.5% |
| Chung Hwa Pulp 1905.TW | Taiwan | $373M | -11% | -7% | -9% | n/a | n/a | n/a |
| Zhangjiagang Freetrade Science & Technology 600794.SS | China | $533M | -17% | -35% | -32% | 22.8× | -9.2% | -21.8% |
| Shandong Chenming Paper 000488.SZ | China | $536M | -27% | 0% | -37% | n/a | n/a | n/a |
| Anhui Genuine New Materials 603429.SS | China | $539M | -33% | -37% | -46% | n/a | n/a | n/a |
| Yibin Paper Industry 600793.SS | China | $366M | -15% | -24% | 5% | n/a | 4.1% | +4.4% |
| Longchen Paper & Packaging 1909.TW | Taiwan | $364M | +1% | +4% | 1% | n/a | 36.9% | +1.5% |
| Zhejiang Rongsheng Environmental Protection Paper 603165.SS | China | $554M | -32% | +10% | 2% | n/a | n/a | n/a |
| Guangdong Songyang Recycle Resources 603863.SS | China | $351M | -37% | +14% | -26% | 23.3× | 58.3% | -2.3% |
| Xiamen Anne 002235.SZ | China | $593M | -38% | +1% | -9% | n/a | n/a | n/a |
| Norske Skog NSKOG.OL | Norway | $328M | -18% | +23% | 3% | 13.5× | n/a | n/a |
| ENCE Energia y Celulosa ENC.MC | Spain | $608M | -9% | -1% | 1% | n/a | n/a | n/a |
| Nippon Kodoshi 3891.T | Japan | $324M | -24% | +27% | 26% | 9.9× | 10.0% | +3.2% |
| Mitsubishi Paper Mills 3864.T | Japan | $319M | +21% | -8% | 1% | 16.2× | 25.8% | -0.6% |
| Cre8 Direct (Ningbo) 300703.SZ | China | $310M | -35% | +2% | 3% | 24.3× | n/a | n/a |