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Employees: 5,771
Size Shandong Huatai Paper (600308.SS) is a China Materials company (Pulp & Paper) with a market value of $662M, the 3203rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥2.91 on 6 Nov 2026.
Performance Over six months the shares fell 25.2%, against -21.0% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue fell 5.2% over the last twelve months (peer median +1.4%); the operating margin is -2.3% (peer median 1.8%).
Valuation It trades at 0.6× enterprise value to sales against a peer median of 1.3× (2nd cheapest of 21).
Capital Return on invested capital runs 6.8 points below its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥12.2B | CN¥12.4B | CN¥13.0B | CN¥13.3B | CN¥15.1B |
| Revenue growth | — | -4% | -2% | -12% | — |
| Gross profit | CN¥481M | CN¥785M | CN¥705M | CN¥751M | CN¥1.30B |
| EBITDA | CN¥551M | CN¥862M | CN¥858M | CN¥890M | CN¥1.44B |
| Net income | -CN¥335M | -CN¥66.0M | CN¥36.2M | CN¥238M | CN¥427M |
| Free cash flow | -CN¥273M | -CN¥566M | -CN¥1.17B | -CN¥482M | CN¥40.6M |
| Capital expenditure | CN¥454M | CN¥770M | CN¥1.56B | CN¥1.09B | CN¥833M |
| Total debt | CN¥4.40B | CN¥4.15B | CN¥3.45B | CN¥3.42B | CN¥3.36B |
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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 | 600308.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.5% | -8.4% | 9th lowest of 21 |
| 6-month return | -25.2% | -21.0% | 10th lowest of 21 |
| Distance from 52-week high | -37.1% | -40.4% | 10th highest of 21 |
| Revenue growth (TTM) | -5.2% | +1.4% | 6th lowest of 21 |
| Operating margin | -2.3% | 1.8% | 8th lowest of 21 |
| EV / Sales | 0.6× | 1.3× | 2nd cheapest of 21 |
| ROIC minus cost of capital | -6.8 pp | -4.7 pp | 7th lowest of 21 |
| Net debt / EBITDA | 4.7× | 2.7× | 3rd most indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shandong Huatai Paper 600308.SS | China | $662M | -25% | -5% | -2% | 0.6× | n/a | n/a |
| Hangzhou Huawang New Material Technology 605377.SS | China | $655M | -20% | -13% | 8% | 1.1× | -7.9% | +14.8% |
| JK Paper JKPAPER.NS | India | $707M | -1% | +12% | 8% | 1.1× | 19.8% | +20.7% |
| ENCE Energia y Celulosa ENC.MC | Spain | $608M | -9% | -1% | 1% | 1.5× | n/a | n/a |
| Xiamen Anne 002235.SZ | China | $593M | -38% | +1% | -9% | 8.6× | n/a | n/a |
| 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% |
| Zhejiang Rongsheng Environmental Protection Paper 603165.SS | China | $554M | -32% | +10% | 2% | 1.2× | n/a | n/a |
| 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 |
| Hokuetsu 3865.T | Japan | $816M | -9% | -5% | 2% | 0.7× | n/a | n/a |
| Zhangjiagang Freetrade Science & Technology 600794.SS | China | $533M | -17% | -35% | -32% | 5.7× | -9.2% | -21.8% |
| Sichuan Jinshi Technology 002951.SZ | China | $840M | -7% | -52% | -102% | 20.2× | n/a | n/a |
| Shandong Bohui Paper Industry 600966.SS | China | $841M | -33% | -2% | 2% | 0.8× | -0.6% | +6.5% |
| Japan Pulp and Paper 8032.T | Japan | $877M | +9% | +10% | 2% | 0.4× | 3.5% | +5.6% |
| Wuzhou Special Paper 605007.SS | China | $882M | -22% | +17% | 5% | 1.5× | n/a | n/a |
| Tokushu Tokai Paper 3708.T | Japan | $494M | +34% | 0% | 5% | 1.1× | 8.5% | +4.5% |
| Nippon Paper Industries 3863.T | Japan | $899M | -6% | +2% | 2% | 0.7× | 15.4% | +3.4% |
| Fujian Qingshan Paper Industry 600103.SS | China | $930M | -35% | +5% | 2% | 2.1× | 14.6% | -0.5% |
| Guangdong Ganhua Science & Industry 000576.SZ | China | $469M | -17% | +81% | 10% | 4.1× | n/a | n/a |
| Shanying International 600567.SS | China | $962M | -27% | +1% | -7% | 0.9× | -11.8% | +2.9% |