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One of China's largest packaging-paper makers, producing containerboard and corrugated boxboard for e-commerce and goods packaging.
One of China's largest packaging-paper makers, producing containerboard and corrugated boxboard for e-commerce and goods packaging.
Sells paperboard at market prices that follow its raw material, recycled paper, so earnings depend on the gap between board prices and fibre costs. China's ban on imported waste paper, in force from 2021, changed how makers like it source fibre.
In one line: A Chinese WestRock/International Paper (packaging paper).
Moat: none (scale). Large-scale commodity containerboard producer with limited pricing power in a cyclical market.
Headquarters: Ma'anshan, Anhui, China · Employees: 13,125
Size Shanying International (600567.SS) is a China Materials company (Pulp & Paper) with a market value of $962M, the 2369th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥1.06 on 6 Nov 2026.
Performance Over six months the shares fell 26.9%, against -14.7% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 1.4% over the last twelve months (peer median 0.0%); the operating margin is -6.6% (peer median 1.8%).
Valuation It trades at 0.47× book value against a peer median of 1.07× (2nd cheapest of 21).
Price implies The share price implies a return on equity of about 4.0%; Shanying International delivers -13.5%, so the price asks more than the business earns today.
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥29.2B | CN¥28.6B | CN¥29.1B | CN¥29.1B | CN¥33.8B |
| Revenue growth | — | -2% | 0% | -14% | — |
| Gross profit | CN¥2.18B | CN¥1.19B | CN¥1.61B | CN¥2.23B | CN¥1.88B |
| EBITDA | n/a | CN¥863M | CN¥1.24B | CN¥1.74B | CN¥1.20B |
| Net income | -CN¥1.99B | -CN¥1.14B | -CN¥451M | CN¥156M | -CN¥2.26B |
| Free cash flow | CN¥2.91B | CN¥1.85B | CN¥2.07B | CN¥1.35B | -CN¥3.51B |
| Capital expenditure | CN¥673M | CN¥1.56B | CN¥1.65B | CN¥2.01B | CN¥3.78B |
| Total debt | CN¥24.6B | CN¥25.9B | CN¥26.1B | CN¥30.9B | CN¥31.9B |
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.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Shanying International 600567.SS | $962M | -27% | +1% | -13% | 0.47× | 4.0% |
| Nine Dragons Paper 2689.HK | $2.76B | -29% | +22% | 7% | 0.37× | 6.0% |
| Shandong Sunpaper 002078.SZ | $6.02B | -4% | +9% | 12% | 1.24× | 7.3% |
| Xianhe 603733.SS | $1.94B | -28% | +9% | 12% | 1.26× | 15.1% |
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 | 600567.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.1% | -7.4% | lowest of 21 |
| 6-month return | -26.9% | -14.7% | 6th lowest of 21 |
| Return on equity | -13.5% | 2.3% | lowest of 21 |
| Price / book | 0.47× | 1.07× | 2nd cheapest of 21 |
| ROE the price implies | 4.0% | 7.5% | 5th least demanding of 21 |
| ROE delivered | -13.5% | 2.3% | 2nd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Shanying International 600567.SS | China | $962M | -27% | +1% | -13% | 0.47× | 4.0% | -13.5% |
| Fujian Qingshan Paper Industry 600103.SS | China | $930M | -35% | +5% | 1% | 1.60× | 14.4% | 1.4% |
| Yueyang Forest & Paper 600963.SS | China | $1.02B | -14% | -10% | -5% | 0.92× | 9.3% | -4.9% |
| Nippon Paper Industries 3863.T | Japan | $899M | -6% | +2% | 2% | 0.27× | 2.6% | 2.0% |
| Daio Paper 3880.T | Japan | $1.03B | +3% | +1% | 4% | 0.66× | 4.4% | 3.5% |
| Wuzhou Special Paper 605007.SS | China | $882M | -22% | +17% | 10% | 1.51× | 15.3% | 10.3% |
| Japan Pulp and Paper 8032.T | Japan | $877M | +9% | +10% | 4% | 1.01× | 6.6% | 4.1% |
| Shandong Bohui Paper Industry 600966.SS | China | $841M | -33% | -2% | 2% | 0.76× | 6.6% | 1.8% |
| Sichuan Jinshi Technology 002951.SZ | China | $840M | -7% | -52% | -13% | 3.66× | 23.0% | -13.5% |
| Hokuetsu 3865.T | Japan | $816M | -9% | -5% | 3% | 0.52× | 3.2% | 2.6% |
| Guangdong Guanhao High-Tech 600433.SS | China | $788M | -37% | -1% | 1% | 1.19× | 9.9% | 0.7% |
| Zhejiang Jingxing Paper Joint Stock 002067.SZ | China | $787M | -27% | +18% | 3% | 0.77× | 5.0% | 2.9% |
| Metsa Board METSA.HE | Finland | $1.22B | -17% | -11% | -7% | 0.88× | 5.9% | -7.1% |
| JK Paper JKPAPER.NS | India | $707M | -1% | +12% | 6% | 1.18× | 20.1% | 6.3% |
| Shandong Huatai Paper 600308.SS | China | $662M | -25% | -5% | -4% | 0.49× | 3.9% | -3.7% |
| YFY 1907.TW | Taiwan | $1.40B | +18% | -2% | 4% | 0.51× | 2.4% | 3.7% |
| Hangzhou Huawang New Material Technology 605377.SS | China | $655M | -20% | -13% | 6% | 1.13× | 8.7% | 6.4% |
| C&S Paper 002511.SZ | China | $1.44B | -8% | +2% | 8% | 1.70× | 13.0% | 8.2% |
| Zhongmin Energy 600163.SS | China | $1.49B | -15% | +18% | 9% | 1.37× | 6.1% | 8.7% |
| ENCE Energia y Celulosa ENC.MC | Spain | $608M | -9% | -1% | -8% | 1.16× | 8.4% | -8.0% |
| Xiamen Anne 002235.SZ | China | $593M | -38% | +1% | -2% | 5.16× | 31.2% | -2.0% |