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Employees: 8,992
Size Shandong Chenming Paper (1812.HK) is a Hong Kong Materials company (Pulp & Paper) with a market value of $545M, the 738th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$0.45 on 6 Nov 2026.
Performance Over six months the shares fell 52.1%, against -18.8% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 4.2% over the last twelve months (peer median -0.7%); the operating margin is -36.8% (peer median 1.4%).
Valuation It trades at 3.6× enterprise value to sales against a peer median of 1.2× (5th most expensive of 21).
Capital Return on invested capital runs 14.4 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 | HK$12.3B | HK$6.70B | HK$24.6B | HK$29.4B | HK$37.2B |
| Revenue growth | — | -73% | -16% | -21% | — |
| Gross profit | -HK$1.63B | -HK$2.85B | HK$337M | HK$2.13B | HK$5.10B |
| EBITDA | -HK$1.93B | -HK$3.24B | -HK$2.57B | HK$2.17B | HK$5.03B |
| Net income | -HK$5.75B | -HK$9.00B | -HK$8.03B | -HK$1.36B | HK$116M |
| Free cash flow | -HK$260M | HK$262M | HK$2.77B | HK$4.48B | HK$2.92B |
| Capital expenditure | HK$53.5M | HK$3.49M | HK$75.3M | HK$347M | HK$1.03B |
| Total debt | HK$37.9B | HK$36.1B | HK$40.5B | HK$54.1B | HK$59.0B |
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 | 1812.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -26.8% | -10.2% | lowest of 21 |
| 6-month return | -52.1% | -18.8% | lowest of 21 |
| Distance from 52-week high | -66.4% | -39.3% | lowest of 21 |
| Revenue growth (TTM) | +4.2% | -0.7% | 8th highest of 21 |
| Operating margin | -36.8% | 1.4% | 2nd lowest of 20 |
| EV / Sales | 3.6× | 1.2× | 5th most expensive of 21 |
| ROIC minus cost of capital | -14.4 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 1812.HK | Hong Kong | $545M | -52% | +4% | -37% | 3.6× | n/a | n/a |
| Anhui Genuine New Materials 603429.SS | China | $539M | -33% | -37% | -46% | 24.2× | n/a | n/a |
| Zhejiang Rongsheng Environmental Protection Paper 603165.SS | China | $554M | -32% | +10% | 2% | 1.2× | n/a | n/a |
| Zhangjiagang Freetrade Science & Technology 600794.SS | China | $533M | -17% | -35% | -32% | 5.7× | -9.2% | -21.8% |
| Xiamen Anne 002235.SZ | China | $593M | -38% | +1% | -9% | 8.6× | n/a | n/a |
| Tokushu Tokai Paper 3708.T | Japan | $494M | +34% | 0% | 5% | 1.1× | 8.5% | +4.5% |
| 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 |
| Hangzhou Huawang New Material Technology 605377.SS | China | $655M | -20% | -13% | 8% | 1.1× | -7.9% | +14.8% |
| Shandong Huatai Paper 600308.SS | China | $662M | -25% | -5% | -2% | 0.6× | n/a | n/a |
| Qifeng New Material 002521.SZ | China | $445M | -37% | -3% | 4% | 0.9× | -2.0% | +3.6% |
| Mudanjiang Hengfeng Paper 600356.SS | China | $435M | -11% | -2% | 8% | 1.1× | -1.6% | +9.0% |
| 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% |
| 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% |
| 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% |
| Longchen Paper & Packaging 1909.TW | Taiwan | $364M | +1% | +4% | 1% | 1.1× | 36.9% | +1.5% |