Employees: 3,937
Size Yueyang Forest & Paper (600963.SS) is a China Materials company (Pulp & Paper) with a market value of $1.02B, the 2262nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.99 on 6 Nov 2026.
Performance Over six months the shares fell 14.0%, against -12.1% for the median peer and -16.4% for the China market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue fell 10.1% over the last twelve months (peer median 0.0%); the operating margin is -4.9% (peer median 1.9%).
Valuation It trades at 19.9× forward earnings against a peer median of 15.3× (4th most expensive of 14).
Capital Return on invested capital runs 7.4 points below its cost of capital (5.6% WACC).
Next results Next results expected around 17 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥8.14B | CN¥8.64B | CN¥8.10B | CN¥9.86B | CN¥9.72B |
| Revenue growth | — | +7% | -18% | +1% | — |
| Gross profit | CN¥728M | CN¥838M | CN¥1.03B | CN¥1.07B | CN¥1.42B |
| EBITDA | CN¥300M | CN¥758M | CN¥771M | CN¥905M | CN¥1.15B |
| Net income | -CN¥386M | -CN¥235M | CN¥172M | CN¥76.5M | CN¥616M |
| Free cash flow | -CN¥187M | -CN¥1.26B | -CN¥1.12B | CN¥576M | CN¥498M |
| Capital expenditure | CN¥699M | CN¥786M | CN¥1.93B | CN¥913M | CN¥267M |
| Total debt | CN¥10.3B | CN¥10.8B | CN¥10.0B | CN¥7.28B | CN¥4.92B |
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 | 600963.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +18.8% | -7.4% | 2nd highest of 21 |
| 6-month return | -14.0% | -12.1% | 11th highest of 21 |
| Distance from 52-week high | -40.2% | -30.9% | 8th lowest of 21 |
| Revenue growth (TTM) | -10.1% | 0.0% | 4th lowest of 21 |
| Operating margin | -4.9% | 1.9% | 3rd lowest of 21 |
| Forward P/E | 19.9× | 15.3× | 4th most expensive of 14 |
| ROIC minus cost of capital | -7.4 pp | -3.9 pp | 4th lowest of 21 |
| Net debt / EBITDA | 31.1× | 4.3× | most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Yueyang Forest & Paper 600963.SS | China | $1.02B | -14% | -10% | -5% | 19.9× | n/a | n/a |
| Daio Paper 3880.T | Japan | $1.03B | +3% | +1% | 4% | 15.6× | 3.7% | +3.4% |
| Shanying International 600567.SS | China | $962M | -27% | +1% | -7% | n/a | -11.8% | +2.9% |
| Fujian Qingshan Paper Industry 600103.SS | China | $930M | -35% | +5% | 2% | n/a | 14.6% | -0.5% |
| Nippon Paper Industries 3863.T | Japan | $899M | -6% | +2% | 2% | 11.8× | 15.4% | +3.4% |
| Wuzhou Special Paper 605007.SS | China | $882M | -22% | +17% | 5% | 12.1× | n/a | n/a |
| Japan Pulp and Paper 8032.T | Japan | $877M | +9% | +10% | 2% | 15.3× | 3.5% | +5.6% |
| Metsa Board METSA.HE | Finland | $1.22B | -17% | -11% | -4% | n/a | 16.7% | -1.2% |
| Shandong Bohui Paper Industry 600966.SS | China | $841M | -33% | -2% | 2% | 38.0× | -0.6% | +6.5% |
| Sichuan Jinshi Technology 002951.SZ | China | $840M | -7% | -52% | -102% | n/a | n/a | n/a |
| Hokuetsu 3865.T | Japan | $816M | -9% | -5% | 2% | 17.2× | n/a | n/a |
| Guangdong Guanhao High-Tech 600433.SS | China | $788M | -37% | -1% | -4% | 11.7× | 25.9% | +2.0% |
| Zhejiang Jingxing Paper Joint Stock 002067.SZ | China | $787M | -27% | +18% | 0% | n/a | n/a | n/a |
| YFY 1907.TW | Taiwan | $1.40B | +18% | -2% | 0% | 23.1× | 7.1% | +0.1% |
| C&S Paper 002511.SZ | China | $1.44B | -8% | +2% | 7% | 21.7× | -2.1% | +2.3% |
| JK Paper JKPAPER.NS | India | $707M | -1% | +12% | 8% | 9.8× | 19.8% | +20.7% |
| Zhongmin Energy 600163.SS | China | $1.49B | -15% | +18% | 49% | 15.5× | -9.8% | +5.0% |
| Sylvamo SLVM | United States | $1.57B | -4% | -7% | 6% | 9.6× | n/a | n/a |
| Shandong Huatai Paper 600308.SS | China | $662M | -25% | -5% | -2% | n/a | n/a | n/a |
| Hangzhou Huawang New Material Technology 605377.SS | China | $655M | -20% | -13% | 8% | 13.2× | -7.9% | +14.8% |
| ENCE Energia y Celulosa ENC.MC | Spain | $608M | -9% | -1% | 1% | n/a | n/a | n/a |