View ValuationC&S PaperLtd 향후 성장Future 기준 점검 1/6C&S PaperLtd (는) 각각 연간 12.1% 및 7.5% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 11.4% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 8% 로 예상됩니다.핵심 정보12.1%이익 성장률11.38%EPS 성장률Household Products 이익 성장31.9%매출 성장률7.5%향후 자기자본이익률8.00%애널리스트 커버리지Low마지막 업데이트23 Jun 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBoard Change • Jul 21Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. President, Financial Director & Non-Independent Director Bo Gao was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공고 • Jun 30C&S Paper Co.,Ltd to Report First Half, 2026 Results on Aug 21, 2026C&S Paper Co.,Ltd announced that they will report first half, 2026 results on Aug 21, 2026공고 • Apr 14C&S Paper Co.,Ltd, Annual General Meeting, May 07, 2026C&S Paper Co.,Ltd, Annual General Meeting, May 07, 2026, at 14:30 China Standard Time. Location: No. 136, Caihong Avenue, West District, Zhongshan, Guangdong China공고 • Mar 31C&S Paper Co.,Ltd to Report Q1, 2026 Results on Apr 28, 2026C&S Paper Co.,Ltd announced that they will report Q1, 2026 results on Apr 28, 2026공고 • Feb 26C&S Paper Co.,Ltd (SZSE:002511) announces an Equity Buyback for CNY 120 million worth of its shares.C&S Paper Co.,Ltd (SZSE:002511) announces a share repurchase program. Under the program, the company will repurchase up to CNY 120 million worth of class A shares. The shares will be repurchased at a price not exceeding CNY 12.4 per share. The purpose of the share repurchases will be used for equity incentive plans or employee stock ownership plans. The shares will be repurchased from company's own funds. If the company fails to use the repurchased shares for the above purposes within three years from the date of completion of this share repurchase, the unused part of the repurchased shares will be cancelled in accordance with relevant procedures .The program is valid for 12 months i.e February 23, 2027.공고 • Dec 31C&S Paper Co.,Ltd to Report Fiscal Year 2025 Results on Apr 22, 2026C&S Paper Co.,Ltd announced that they will report fiscal year 2025 results on Apr 22, 2026공고 • Nov 15C&S Paper Co.,Ltd Approves Board AppointmentsC&S Paper Co.,Ltd at its EGM held on 13 November 2025, approved By-election of non-independent directors: Gao Bo, non-independent director; Liang Geyu, non-independent director.공고 • Sep 30C&S Paper Co.,Ltd to Report Q3, 2025 Results on Oct 28, 2025C&S Paper Co.,Ltd announced that they will report Q3, 2025 results on Oct 28, 2025공고 • Aug 23C&S Paper Co.,Ltd Proposes Interim Cash Dividend for the First Half of 2025C&S Paper Co.,Ltd announced on 20 August 2025 the profit distribution proposal for the first half of 2025 as follows: Interim Cash dividend/10 shares (tax included): CNY 0.63000000.공고 • Jul 02C&S Paper Co.,Ltd to Report First Half, 2025 Results on Aug 20, 2025C&S Paper Co.,Ltd announced that they will report first half, 2025 results on Aug 20, 2025공고 • Apr 25C&S Paper Co.,Ltd, Annual General Meeting, May 19, 2025C&S Paper Co.,Ltd, Annual General Meeting, May 19, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhongshan, Guangdong China공고 • Apr 04C&S Paper Co.,Ltd (SZSE:002511) announces an Equity Buyback for CNY 60 million worth of its shares.C&S Paper Co.,Ltd (SZSE:002511) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of shares. The shares will be repurchased at a price not exceeding CNY 9.77 per share. The purpose of the share repurchases will be used for equity incentive plans or employee stock ownership plans. The shares will be repurchased from company's own funds. If the company fails to use the repurchased shares for the above purposes within three years from the date of completion of this share repurchase, the unused part of the repurchased shares will be cancelled in accordance with relevant procedures .The program is valid for 12 months.공고 • Mar 31C&S Paper Co.,Ltd to Report Q1, 2025 Results on Apr 25, 2025C&S Paper Co.,Ltd announced that they will report Q1, 2025 results on Apr 25, 2025공고 • Dec 31C&S Paper Co.,Ltd to Report Fiscal Year 2024 Results on Mar 31, 2025C&S Paper Co.,Ltd announced that they will report fiscal year 2024 results on Mar 31, 2025Reported Earnings • Oct 29Third quarter 2024 earnings released: CN¥0.022 loss per share (vs CN¥0.081 profit in 3Q 2023)Third quarter 2024 results: CN¥0.022 loss per share (down from CN¥0.081 profit in 3Q 2023). Revenue: CN¥1.93b (down 9.5% from 3Q 2023). Net loss: CN¥34.0m (down 142% from profit in 3Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Household Products industry in China. Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 26% per year.공고 • Sep 30C&S Paper Co.,Ltd to Report Q3, 2024 Results on Oct 29, 2024C&S Paper Co.,Ltd announced that they will report Q3, 2024 results on Oct 29, 2024Valuation Update With 7 Day Price Move • Sep 28Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥7.26, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Household Products industry in China. Total loss to shareholders of 57% over the past three years.New Risk • Aug 29New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Aug 28Second quarter 2024 earnings released: CN¥0.007 loss per share (vs CN¥0.003 loss in 2Q 2023)Second quarter 2024 results: CN¥0.007 loss per share (further deteriorated from CN¥0.003 loss in 2Q 2023). Revenue: CN¥2.18b (down 17% from 2Q 2023). Net loss: CN¥7.87m (loss widened 59% from 2Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Household Products industry in China. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.공고 • Aug 01C&S Paper Co.,Ltd (SZSE:002511) commences an Equity Buyback Plan for CNY 100 million worth of its shares, under the authorization approved on November 21, 2023.C&S Paper Co.,Ltd (SZSE:002511) commences a share repurchases on July 30, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on November 21, 2023. As per the mandate, the company is authorized to repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price of CNY 15.5 per share. The repurchased shares will be cancelled and the company's registered capital will be reduced. The authorization will be valid for a period of 12 months.공고 • Jun 29C&S Paper Co.,Ltd to Report First Half, 2024 Results on Aug 28, 2024C&S Paper Co.,Ltd announced that they will report first half, 2024 results on Aug 28, 2024Declared Dividend • May 30Dividend reduced to CN¥0.06Dividend of CN¥0.06 is 3.2% lower than last year. Ex-date: 3rd June 2024 Payment date: 3rd June 2024 Dividend yield will be 0.8%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 80% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공고 • May 29C&S Paper Co.,Ltd Announces Final Cash Dividend Plan on A Shares for 2023, Payable on 3 June 2024C&S Paper Co.,Ltd announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 0.60000000. Record date: 31 May 2024, Ex-date: 3 June 2024, Payment date: 3 June 2024.공고 • Apr 27C&S Paper Co.,Ltd Proposes Final Dividend for the Year 2023C&S Paper Co.,Ltd announced on 25 April 2024 the profit distribution proposal for 2023 as follows: Final Cash dividend/10 shares (tax included): CNY 0.60000000.공고 • Apr 26C&S Paper Co.,Ltd, Annual General Meeting, May 20, 2024C&S Paper Co.,Ltd, Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhongshan, Guangdong ChinaReported Earnings • Apr 25First quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.07 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.07 (in line with 1Q 2023). Revenue: CN¥1.85b (down 11% from 1Q 2023). Net income: CN¥95.5m (up 6.7% from 1Q 2023). Profit margin: 5.2% (up from 4.3% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Household Products industry in China. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings.공고 • Mar 30C&S Paper Co.,Ltd to Report Q1, 2024 Results on Apr 25, 2024C&S Paper Co.,Ltd announced that they will report Q1, 2024 results on Apr 25, 2024공고 • Feb 09C&S Paper Co.,Ltd Appoints Yue Yong as Non-Independent DirectorC&S Paper Co.,Ltd appointed Yue Yong as non-independent director at its EGM held on 07 February 2024.Valuation Update With 7 Day Price Move • Feb 08Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥9.36, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 17x in the Household Products industry in China. Total loss to shareholders of 63% over the past three years.공고 • Dec 30C&S Paper Co.,Ltd to Report Fiscal Year 2023 Results on Apr 25, 2024C&S Paper Co.,Ltd announced that they will report fiscal year 2023 results on Apr 25, 2024New Risk • Oct 29New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.6% net profit margin).Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: CN¥0.081 (vs CN¥0.038 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.081 (up from CN¥0.038 in 3Q 2022). Revenue: CN¥2.14b (up 22% from 3Q 2022). Net income: CN¥80.9m (up 73% from 3Q 2022). Profit margin: 3.8% (up from 2.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Household Products industry in China. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 27Second quarter 2023 earnings released: CN¥0.003 loss per share (vs CN¥0.07 profit in 2Q 2022)Second quarter 2023 results: CN¥0.003 loss per share (down from CN¥0.07 profit in 2Q 2022). Revenue: CN¥2.62b (up 5.7% from 2Q 2022). Net loss: CN¥4.95m (down 105% from profit in 2Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Household Products industry in China. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.Buying Opportunity • Jun 21Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 3.0%. The fair value is estimated to be CN¥14.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 29% in 2 years. Earnings is forecast to grow by 178% in the next 2 years.Buying Opportunity • May 31Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 7.6%. The fair value is estimated to be CN¥14.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 31% in 2 years. Earnings is forecast to grow by 181% in the next 2 years.공고 • May 26C&S Paper Co.,Ltd Announces Cash Dividend on A Shares for the Year 2022, Payable on 1 June 2023C&S Paper Co.,Ltd announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend of CNY 0.62000000 per ten shares (tax included) for the year 2022. Record date is 31 May 2023. Ex-date is 01 June 2023. Payment date is 01 June 2023.Reported Earnings • Apr 23First quarter 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.10 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.07 (down from CN¥0.10 in 1Q 2022). Revenue: CN¥2.06b (up 9.4% from 1Q 2022). Net income: CN¥89.4m (down 33% from 1Q 2022). Profit margin: 4.3% (down from 7.1% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Household Products industry in China. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 28Full year 2022 earnings released: EPS: CN¥0.27 (vs CN¥0.45 in FY 2021)Full year 2022 results: EPS: CN¥0.27 (down from CN¥0.45 in FY 2021). Revenue: CN¥8.57b (down 6.3% from FY 2021). Net income: CN¥352.0m (down 39% from FY 2021). Profit margin: 4.1% (down from 6.4% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Household Products industry in China. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Guoquan He was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: CN¥0.038 (vs CN¥0.059 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.038 (down from CN¥0.059 in 3Q 2021). Revenue: CN¥1.75b (down 14% from 3Q 2021). Net income: CN¥46.9m (down 39% from 3Q 2021). Profit margin: 2.7% (down from 3.8% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 29% growth forecast for the Household Products industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 8% per year.Buying Opportunity • Oct 25Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be CN¥12.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 30% in 2 years. Earnings is forecast to grow by 101% in the next 2 years.Reported Earnings • Sep 04Second quarter 2022 earnings released: EPS: CN¥0.07 (vs CN¥0.10 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.07 (down from CN¥0.10 in 2Q 2021). Revenue: CN¥2.48b (up 16% from 2Q 2021). Net income: CN¥94.3m (down 31% from 2Q 2021). Profit margin: 3.8% (down from 6.3% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 17%, compared to a 17% growth forecast for the Household Products industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 7% per year.Reported Earnings • Apr 28First quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.21 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.10 (down from CN¥0.21 in 1Q 2021). Revenue: CN¥1.88b (down 10% from 1Q 2021). Net income: CN¥133.3m (down 51% from 1Q 2021). Profit margin: 7.1% (down from 13% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 21%, compared to a 8.0% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Guoquan He was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 03Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: CN¥0.45 (down from CN¥0.70 in FY 2020). Revenue: CN¥9.19b (up 18% from FY 2020). Net income: CN¥581.5m (down 36% from FY 2020). Profit margin: 6.3% (down from 12% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 15%, compared to a 8.8% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year and the company’s share price has also increased by 19% per year.Buying Opportunity • Feb 23Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be CN¥18.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% per annum over the last 3 years. Earnings per share has grown by 27% per annum over the last 3 years.Buying Opportunity • Jan 28Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be CN¥18.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% per annum over the last 3 years. Earnings per share has grown by 27% per annum over the last 3 years.Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.059 (vs CN¥0.17 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥2.03b (up 4.5% from 3Q 2020). Net income: CN¥77.3m (down 65% from 3Q 2020). Profit margin: 3.8% (down from 11% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 31% per year.Board Change • Sep 17Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Guoquan He was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Sep 06Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to CN¥17.18, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 19x in the Household Products industry in Asia. Total returns to shareholders of 134% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥11.41 per share.Reported Earnings • Sep 01Second quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.21 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥2.15b (up 10% from 2Q 2020). Net income: CN¥136.0m (down 50% from 2Q 2020). Profit margin: 6.3% (down from 14% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year and the company’s share price has also increased by 32% per year.Upcoming Dividend • Jun 14Upcoming dividend of CN¥0.10 per shareEligible shareholders must have bought the stock before 21 June 2021. Payment date: 21 June 2021. Trailing yield: 0.3%. Lower than top quartile of Chinese dividend payers (1.8%). Lower than average of industry peers (1.5%).Reported Earnings • Apr 30First quarter 2021 earnings released: EPS CN¥0.21 (vs CN¥0.14 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥2.10b (up 26% from 1Q 2020). Net income: CN¥271.1m (up 48% from 1Q 2020). Profit margin: 13% (up from 11% in 1Q 2020). The increase in margin was driven by higher revenue.Analyst Estimate Surprise Post Earnings • Mar 04Revenue beats expectationsRevenue exceeded analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 18%, compared to a 12% growth forecast for the Household Products industry in China.Reported Earnings • Mar 04Full year 2020 earnings released: EPS CN¥0.70 (vs CN¥0.47 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥7.85b (up 18% from FY 2019). Net income: CN¥904.7m (up 50% from FY 2019). Profit margin: 12% (up from 9.1% in FY 2019). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥24.05, the stock is trading at a trailing P/E ratio of 37.2x, up from the previous P/E ratio of 31.5x. This compares to an average P/E of 18x in the Household Products industry in Asia. Total returns to shareholders over the past year are 90%.Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥837.7m, up 57% from the prior year. Total revenue was CN¥7.37b over the last 12 months, up 15% from the prior year.Analyst Estimate Surprise Post Earnings • Oct 30Third-quarter earnings released: Revenue misses expectationsThird-quarter revenue missed analyst estimates by 4.3% at CN¥1.94b. Revenue is forecast to grow 21% over the next year, compared to a 5.9% growth forecast for the Household Products industry in China.공고 • Jul 18C&S Paper Co.,Ltd to Report First Half, 2020 Results on Aug 07, 2020C&S Paper Co.,Ltd announced that they will report first half, 2020 results on Aug 07, 2020이익 및 매출 성장 예측XSEC:002511 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202810,926468N/AN/A112/31/202710,391487N/A1,144212/31/20269,666403N/A1,03923/31/20268,9103551,1631,480N/A12/31/20258,7803191,0541,340N/A9/30/20258,674254637953N/A6/30/20258,459140-23586N/A3/31/20258,37348-561-175N/A12/31/20248,15177-778-349N/A9/30/20248,933221-548-11N/A6/30/20249,137336-48598N/A3/31/20249,586339411908N/A12/31/20239,8013337851,242N/A9/30/20239,279241436714N/A6/30/20238,887207187466N/A3/31/20238,74630625333N/A1/1/20238,57035066392N/A9/30/20228,989371523910N/A6/30/20229,2704028151,281N/A3/31/20228,9324436951,232N/A12/31/20219,1505816831,320N/A9/30/20218,5437195921,296N/A6/30/20218,4558604111,062N/A3/31/20218,255994260833N/A12/31/20207,824906317828N/A9/30/20207,370838320732N/A6/30/20207,0797826961,130N/A3/31/20206,7656646031,184N/A12/31/20196,635604N/A1,360N/A9/30/20196,417532N/A1,519N/A6/30/20196,265482N/A1,477N/A3/31/20195,994432N/A1,154N/A12/31/20185,679407N/A437N/A9/30/20185,367415N/A177N/A6/30/20185,101392N/A235N/A3/31/20184,831372N/A492N/A12/31/20174,638349N/A585N/A9/30/20174,421326N/A732N/A6/30/20174,161311N/A723N/A3/31/20173,988290N/A839N/A12/31/20163,809260N/A929N/A9/30/20163,633203N/A684N/A6/30/20163,431148N/A351N/A3/31/20163,209112N/A219N/A12/31/20152,95988N/A429N/A9/30/20152,82083N/A402N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 002511 의 연간 예상 수익 증가율(12.1%)이 saving rate(2.4%)보다 높습니다.수익 vs 시장: 002511 의 연간 수익(12.1%)이 CN 시장(26.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 002511 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 002511 의 수익(연간 7.5%)이 CN 시장(연간 16.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 002511 의 수익(연간 7.5%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 002511의 자본 수익률은 3년 후 8%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YHousehold 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/23 20:51종가2026/07/23 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스C&S Paper Co.,Ltd는 10명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Feiyang YuanChina International Capital Corporation LimitedZhuonan XuChina International Capital Corporation LimitedYun GuoCitic Securities Co., Ltd.7명의 분석가 더 보기
Board Change • Jul 21Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. President, Financial Director & Non-Independent Director Bo Gao was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공고 • Jun 30C&S Paper Co.,Ltd to Report First Half, 2026 Results on Aug 21, 2026C&S Paper Co.,Ltd announced that they will report first half, 2026 results on Aug 21, 2026
공고 • Apr 14C&S Paper Co.,Ltd, Annual General Meeting, May 07, 2026C&S Paper Co.,Ltd, Annual General Meeting, May 07, 2026, at 14:30 China Standard Time. Location: No. 136, Caihong Avenue, West District, Zhongshan, Guangdong China
공고 • Mar 31C&S Paper Co.,Ltd to Report Q1, 2026 Results on Apr 28, 2026C&S Paper Co.,Ltd announced that they will report Q1, 2026 results on Apr 28, 2026
공고 • Feb 26C&S Paper Co.,Ltd (SZSE:002511) announces an Equity Buyback for CNY 120 million worth of its shares.C&S Paper Co.,Ltd (SZSE:002511) announces a share repurchase program. Under the program, the company will repurchase up to CNY 120 million worth of class A shares. The shares will be repurchased at a price not exceeding CNY 12.4 per share. The purpose of the share repurchases will be used for equity incentive plans or employee stock ownership plans. The shares will be repurchased from company's own funds. If the company fails to use the repurchased shares for the above purposes within three years from the date of completion of this share repurchase, the unused part of the repurchased shares will be cancelled in accordance with relevant procedures .The program is valid for 12 months i.e February 23, 2027.
공고 • Dec 31C&S Paper Co.,Ltd to Report Fiscal Year 2025 Results on Apr 22, 2026C&S Paper Co.,Ltd announced that they will report fiscal year 2025 results on Apr 22, 2026
공고 • Nov 15C&S Paper Co.,Ltd Approves Board AppointmentsC&S Paper Co.,Ltd at its EGM held on 13 November 2025, approved By-election of non-independent directors: Gao Bo, non-independent director; Liang Geyu, non-independent director.
공고 • Sep 30C&S Paper Co.,Ltd to Report Q3, 2025 Results on Oct 28, 2025C&S Paper Co.,Ltd announced that they will report Q3, 2025 results on Oct 28, 2025
공고 • Aug 23C&S Paper Co.,Ltd Proposes Interim Cash Dividend for the First Half of 2025C&S Paper Co.,Ltd announced on 20 August 2025 the profit distribution proposal for the first half of 2025 as follows: Interim Cash dividend/10 shares (tax included): CNY 0.63000000.
공고 • Jul 02C&S Paper Co.,Ltd to Report First Half, 2025 Results on Aug 20, 2025C&S Paper Co.,Ltd announced that they will report first half, 2025 results on Aug 20, 2025
공고 • Apr 25C&S Paper Co.,Ltd, Annual General Meeting, May 19, 2025C&S Paper Co.,Ltd, Annual General Meeting, May 19, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhongshan, Guangdong China
공고 • Apr 04C&S Paper Co.,Ltd (SZSE:002511) announces an Equity Buyback for CNY 60 million worth of its shares.C&S Paper Co.,Ltd (SZSE:002511) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of shares. The shares will be repurchased at a price not exceeding CNY 9.77 per share. The purpose of the share repurchases will be used for equity incentive plans or employee stock ownership plans. The shares will be repurchased from company's own funds. If the company fails to use the repurchased shares for the above purposes within three years from the date of completion of this share repurchase, the unused part of the repurchased shares will be cancelled in accordance with relevant procedures .The program is valid for 12 months.
공고 • Mar 31C&S Paper Co.,Ltd to Report Q1, 2025 Results on Apr 25, 2025C&S Paper Co.,Ltd announced that they will report Q1, 2025 results on Apr 25, 2025
공고 • Dec 31C&S Paper Co.,Ltd to Report Fiscal Year 2024 Results on Mar 31, 2025C&S Paper Co.,Ltd announced that they will report fiscal year 2024 results on Mar 31, 2025
Reported Earnings • Oct 29Third quarter 2024 earnings released: CN¥0.022 loss per share (vs CN¥0.081 profit in 3Q 2023)Third quarter 2024 results: CN¥0.022 loss per share (down from CN¥0.081 profit in 3Q 2023). Revenue: CN¥1.93b (down 9.5% from 3Q 2023). Net loss: CN¥34.0m (down 142% from profit in 3Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Household Products industry in China. Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 26% per year.
공고 • Sep 30C&S Paper Co.,Ltd to Report Q3, 2024 Results on Oct 29, 2024C&S Paper Co.,Ltd announced that they will report Q3, 2024 results on Oct 29, 2024
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥7.26, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Household Products industry in China. Total loss to shareholders of 57% over the past three years.
New Risk • Aug 29New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Aug 28Second quarter 2024 earnings released: CN¥0.007 loss per share (vs CN¥0.003 loss in 2Q 2023)Second quarter 2024 results: CN¥0.007 loss per share (further deteriorated from CN¥0.003 loss in 2Q 2023). Revenue: CN¥2.18b (down 17% from 2Q 2023). Net loss: CN¥7.87m (loss widened 59% from 2Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Household Products industry in China. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.
공고 • Aug 01C&S Paper Co.,Ltd (SZSE:002511) commences an Equity Buyback Plan for CNY 100 million worth of its shares, under the authorization approved on November 21, 2023.C&S Paper Co.,Ltd (SZSE:002511) commences a share repurchases on July 30, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on November 21, 2023. As per the mandate, the company is authorized to repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price of CNY 15.5 per share. The repurchased shares will be cancelled and the company's registered capital will be reduced. The authorization will be valid for a period of 12 months.
공고 • Jun 29C&S Paper Co.,Ltd to Report First Half, 2024 Results on Aug 28, 2024C&S Paper Co.,Ltd announced that they will report first half, 2024 results on Aug 28, 2024
Declared Dividend • May 30Dividend reduced to CN¥0.06Dividend of CN¥0.06 is 3.2% lower than last year. Ex-date: 3rd June 2024 Payment date: 3rd June 2024 Dividend yield will be 0.8%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 80% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공고 • May 29C&S Paper Co.,Ltd Announces Final Cash Dividend Plan on A Shares for 2023, Payable on 3 June 2024C&S Paper Co.,Ltd announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 0.60000000. Record date: 31 May 2024, Ex-date: 3 June 2024, Payment date: 3 June 2024.
공고 • Apr 27C&S Paper Co.,Ltd Proposes Final Dividend for the Year 2023C&S Paper Co.,Ltd announced on 25 April 2024 the profit distribution proposal for 2023 as follows: Final Cash dividend/10 shares (tax included): CNY 0.60000000.
공고 • Apr 26C&S Paper Co.,Ltd, Annual General Meeting, May 20, 2024C&S Paper Co.,Ltd, Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhongshan, Guangdong China
Reported Earnings • Apr 25First quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.07 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.07 (in line with 1Q 2023). Revenue: CN¥1.85b (down 11% from 1Q 2023). Net income: CN¥95.5m (up 6.7% from 1Q 2023). Profit margin: 5.2% (up from 4.3% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Household Products industry in China. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings.
공고 • Mar 30C&S Paper Co.,Ltd to Report Q1, 2024 Results on Apr 25, 2024C&S Paper Co.,Ltd announced that they will report Q1, 2024 results on Apr 25, 2024
공고 • Feb 09C&S Paper Co.,Ltd Appoints Yue Yong as Non-Independent DirectorC&S Paper Co.,Ltd appointed Yue Yong as non-independent director at its EGM held on 07 February 2024.
Valuation Update With 7 Day Price Move • Feb 08Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥9.36, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 17x in the Household Products industry in China. Total loss to shareholders of 63% over the past three years.
공고 • Dec 30C&S Paper Co.,Ltd to Report Fiscal Year 2023 Results on Apr 25, 2024C&S Paper Co.,Ltd announced that they will report fiscal year 2023 results on Apr 25, 2024
New Risk • Oct 29New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.6% net profit margin).
Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: CN¥0.081 (vs CN¥0.038 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.081 (up from CN¥0.038 in 3Q 2022). Revenue: CN¥2.14b (up 22% from 3Q 2022). Net income: CN¥80.9m (up 73% from 3Q 2022). Profit margin: 3.8% (up from 2.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Household Products industry in China. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 27Second quarter 2023 earnings released: CN¥0.003 loss per share (vs CN¥0.07 profit in 2Q 2022)Second quarter 2023 results: CN¥0.003 loss per share (down from CN¥0.07 profit in 2Q 2022). Revenue: CN¥2.62b (up 5.7% from 2Q 2022). Net loss: CN¥4.95m (down 105% from profit in 2Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Household Products industry in China. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.
Buying Opportunity • Jun 21Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 3.0%. The fair value is estimated to be CN¥14.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 29% in 2 years. Earnings is forecast to grow by 178% in the next 2 years.
Buying Opportunity • May 31Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 7.6%. The fair value is estimated to be CN¥14.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 31% in 2 years. Earnings is forecast to grow by 181% in the next 2 years.
공고 • May 26C&S Paper Co.,Ltd Announces Cash Dividend on A Shares for the Year 2022, Payable on 1 June 2023C&S Paper Co.,Ltd announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend of CNY 0.62000000 per ten shares (tax included) for the year 2022. Record date is 31 May 2023. Ex-date is 01 June 2023. Payment date is 01 June 2023.
Reported Earnings • Apr 23First quarter 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.10 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.07 (down from CN¥0.10 in 1Q 2022). Revenue: CN¥2.06b (up 9.4% from 1Q 2022). Net income: CN¥89.4m (down 33% from 1Q 2022). Profit margin: 4.3% (down from 7.1% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Household Products industry in China. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 28Full year 2022 earnings released: EPS: CN¥0.27 (vs CN¥0.45 in FY 2021)Full year 2022 results: EPS: CN¥0.27 (down from CN¥0.45 in FY 2021). Revenue: CN¥8.57b (down 6.3% from FY 2021). Net income: CN¥352.0m (down 39% from FY 2021). Profit margin: 4.1% (down from 6.4% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Household Products industry in China. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Guoquan He was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: CN¥0.038 (vs CN¥0.059 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.038 (down from CN¥0.059 in 3Q 2021). Revenue: CN¥1.75b (down 14% from 3Q 2021). Net income: CN¥46.9m (down 39% from 3Q 2021). Profit margin: 2.7% (down from 3.8% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 29% growth forecast for the Household Products industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 8% per year.
Buying Opportunity • Oct 25Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be CN¥12.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 30% in 2 years. Earnings is forecast to grow by 101% in the next 2 years.
Reported Earnings • Sep 04Second quarter 2022 earnings released: EPS: CN¥0.07 (vs CN¥0.10 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.07 (down from CN¥0.10 in 2Q 2021). Revenue: CN¥2.48b (up 16% from 2Q 2021). Net income: CN¥94.3m (down 31% from 2Q 2021). Profit margin: 3.8% (down from 6.3% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 17%, compared to a 17% growth forecast for the Household Products industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 7% per year.
Reported Earnings • Apr 28First quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.21 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.10 (down from CN¥0.21 in 1Q 2021). Revenue: CN¥1.88b (down 10% from 1Q 2021). Net income: CN¥133.3m (down 51% from 1Q 2021). Profit margin: 7.1% (down from 13% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 21%, compared to a 8.0% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Guoquan He was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 03Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: CN¥0.45 (down from CN¥0.70 in FY 2020). Revenue: CN¥9.19b (up 18% from FY 2020). Net income: CN¥581.5m (down 36% from FY 2020). Profit margin: 6.3% (down from 12% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 15%, compared to a 8.8% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year and the company’s share price has also increased by 19% per year.
Buying Opportunity • Feb 23Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be CN¥18.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% per annum over the last 3 years. Earnings per share has grown by 27% per annum over the last 3 years.
Buying Opportunity • Jan 28Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be CN¥18.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% per annum over the last 3 years. Earnings per share has grown by 27% per annum over the last 3 years.
Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.059 (vs CN¥0.17 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥2.03b (up 4.5% from 3Q 2020). Net income: CN¥77.3m (down 65% from 3Q 2020). Profit margin: 3.8% (down from 11% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 31% per year.
Board Change • Sep 17Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Guoquan He was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Sep 06Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to CN¥17.18, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 19x in the Household Products industry in Asia. Total returns to shareholders of 134% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥11.41 per share.
Reported Earnings • Sep 01Second quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.21 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥2.15b (up 10% from 2Q 2020). Net income: CN¥136.0m (down 50% from 2Q 2020). Profit margin: 6.3% (down from 14% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year and the company’s share price has also increased by 32% per year.
Upcoming Dividend • Jun 14Upcoming dividend of CN¥0.10 per shareEligible shareholders must have bought the stock before 21 June 2021. Payment date: 21 June 2021. Trailing yield: 0.3%. Lower than top quartile of Chinese dividend payers (1.8%). Lower than average of industry peers (1.5%).
Reported Earnings • Apr 30First quarter 2021 earnings released: EPS CN¥0.21 (vs CN¥0.14 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥2.10b (up 26% from 1Q 2020). Net income: CN¥271.1m (up 48% from 1Q 2020). Profit margin: 13% (up from 11% in 1Q 2020). The increase in margin was driven by higher revenue.
Analyst Estimate Surprise Post Earnings • Mar 04Revenue beats expectationsRevenue exceeded analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 18%, compared to a 12% growth forecast for the Household Products industry in China.
Reported Earnings • Mar 04Full year 2020 earnings released: EPS CN¥0.70 (vs CN¥0.47 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥7.85b (up 18% from FY 2019). Net income: CN¥904.7m (up 50% from FY 2019). Profit margin: 12% (up from 9.1% in FY 2019). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥24.05, the stock is trading at a trailing P/E ratio of 37.2x, up from the previous P/E ratio of 31.5x. This compares to an average P/E of 18x in the Household Products industry in Asia. Total returns to shareholders over the past year are 90%.
Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥837.7m, up 57% from the prior year. Total revenue was CN¥7.37b over the last 12 months, up 15% from the prior year.
Analyst Estimate Surprise Post Earnings • Oct 30Third-quarter earnings released: Revenue misses expectationsThird-quarter revenue missed analyst estimates by 4.3% at CN¥1.94b. Revenue is forecast to grow 21% over the next year, compared to a 5.9% growth forecast for the Household Products industry in China.
공고 • Jul 18C&S Paper Co.,Ltd to Report First Half, 2020 Results on Aug 07, 2020C&S Paper Co.,Ltd announced that they will report first half, 2020 results on Aug 07, 2020