Announcement • Jun 30
ZRP Printing Group Co., Ltd to Report First Half, 2026 Results on Aug 21, 2026 ZRP Printing Group Co., Ltd announced that they will report first half, 2026 results on Aug 21, 2026 Announcement • Jun 16
ZRP Printing Group Co., Ltd (SZSE:301223) announces an Equity Buyback for CNY 80 million worth of its shares. ZRP Printing Group Co., Ltd (SZSE:301223) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its shares. The shares will be repurchased at a price not more than CNY 26.83 per share. The repurchased shares will be used for ESOP or equity incentives. Shares not used within 3 years after the completion of the repurchase will be cancelled. The funds for the repurchases are the company's own funds. The program will be valid for a period of 12 months from the Directorate's approval. Declared Dividend • Jun 04
Dividend of CN¥0.35 announced Dividend of CN¥0.35 is the same as last year. Ex-date: 8th June 2026 Payment date: 8th June 2026 Dividend yield will be 2.1%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 17% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 53% to shift the payout ratio to a potentially unsustainable range, which is more than the 8.6% EPS decline seen over the last 5 years. Announcement • Apr 24
Zhongshan Torch Xinrong Intelligent Manufacturing Equity Investment Partnership Ent. (L.P.) completed the acquisition of 5% stake in ZRP Printing Group Co., Ltd (SZSE:301223) from Zhuhai Hengqin Jiesheng Investment Partnership Enterprise (Limited Partnership). Zhongshan Torch Xinrong Intelligent Manufacturing Equity Investment Partnership Ent. (L.P.) signed a share transfer agreement to acquire 5% stake in ZRP Printing Group Co., Ltd (SZSE:301223) from Zhuhai Hengqin Jiesheng Investment Partnership Enterprise (Limited Partnership) for approximately CNY 140 million on March 24, 2026. A cash consideration of CNY 138.28 million valued at CNY 14.32 per share will be paid by Zhongshan Torch Xinrong Intelligent Manufacturing Equity Investment Partnership Ent. (L.P.). As part of consideration, CNY 138.28 million is paid towards common equity of ZRP Printing Group Co., Ltd.
The transaction is subject to approval by the Shenzhen Stock Exchange.
Zhongshan Torch Xinrong Intelligent Manufacturing Equity Investment Partnership Ent. (L.P.) completed the acquisition of 5% stake in ZRP Printing Group Co., Ltd (SZSE:301223) from Zhuhai Hengqin Jiesheng Investment Partnership Enterprise (Limited Partnership) on April 22, 2026. Reported Earnings • Apr 20
Full year 2025 earnings released: EPS: CN¥0.80 (vs CN¥0.74 in FY 2024) Full year 2025 results: EPS: CN¥0.80 (up from CN¥0.74 in FY 2024). Revenue: CN¥3.17b (up 14% from FY 2024). Net income: CN¥153.4m (up 6.8% from FY 2024). Profit margin: 4.8% (down from 5.2% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Apr 19
ZRP Printing Group Co., Ltd, Annual General Meeting, May 20, 2026 ZRP Printing Group Co., Ltd, Annual General Meeting, May 20, 2026, at 15:00 China Standard Time. Location: No. 28, Yanjiang East 3rd Road, Torch Development Zone, Zhongshan, Guangdong China Announcement • Mar 31
ZRP Printing Group Co., Ltd to Report Q1, 2026 Results on Apr 20, 2026 ZRP Printing Group Co., Ltd announced that they will report Q1, 2026 results on Apr 20, 2026 Announcement • Dec 31
ZRP Printing Group Co., Ltd to Report Fiscal Year 2025 Results on Apr 20, 2026 ZRP Printing Group Co., Ltd announced that they will report fiscal year 2025 results on Apr 20, 2026 Board Change • Dec 12
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Ji Lu Jiang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.29 (vs CN¥0.21 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.29 (up from CN¥0.21 in 3Q 2024). Revenue: CN¥806.8m (up 12% from 3Q 2024). Net income: CN¥55.5m (up 34% from 3Q 2024). Profit margin: 6.9% (up from 5.8% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
ZRP Printing Group Co., Ltd to Report Q3, 2025 Results on Oct 28, 2025 ZRP Printing Group Co., Ltd announced that they will report Q3, 2025 results on Oct 28, 2025 Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: CN¥0.20 (vs CN¥0.15 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.20 (up from CN¥0.15 in 2Q 2024). Revenue: CN¥752.4m (up 14% from 2Q 2024). Net income: CN¥37.5m (up 35% from 2Q 2024). Profit margin: 5.0% (up from 4.2% in 2Q 2024). The increase in margin was driven by higher revenue. Announcement • Jul 02
ZRP Printing Group Co., Ltd to Report First Half, 2025 Results on Aug 16, 2025 ZRP Printing Group Co., Ltd announced that they will report first half, 2025 results on Aug 16, 2025 Declared Dividend • May 31
Dividend increased to CN¥0.35 Dividend of CN¥0.35 is 17% higher than last year. Ex-date: 5th June 2025 Payment date: 5th June 2025 Dividend yield will be 2.2%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is covered by earnings (48% earnings payout ratio) but not covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 26% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 47% to shift the payout ratio to a potentially unsustainable range, which is more than the 9.5% EPS decline seen over the last 5 years. Announcement • Apr 25
ZRP Printing Group Co., Ltd Proposes Final Cash Dividend for 2024 ZRP Printing Group Co. Ltd. announced on 24 April 2025 the profit distribution proposal for 2024 as Cash dividend/10 shares (tax included):CNY 3.50000000. Reported Earnings • Apr 24
First quarter 2025 earnings released: EPS: CN¥0.20 (vs CN¥0.21 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.20 (down from CN¥0.21 in 1Q 2024). Revenue: CN¥698.6m (up 28% from 1Q 2024). Net income: CN¥39.4m (down 4.7% from 1Q 2024). Profit margin: 5.6% (down from 7.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Announcement • Apr 24
ZRP Printing Group Co., Ltd, Annual General Meeting, May 16, 2025 ZRP Printing Group Co., Ltd, Annual General Meeting, May 16, 2025, at 15:00 China Standard Time. Location: No. 28, Yanjiang East 3rd Road, Torch Development Zone, Zhongshan, Guangdong China Announcement • Mar 31
ZRP Printing Group Co., Ltd to Report Q1, 2025 Results on Apr 24, 2025 ZRP Printing Group Co., Ltd announced that they will report Q1, 2025 results on Apr 24, 2025 Announcement • Dec 31
ZRP Printing Group Co., Ltd to Report Fiscal Year 2024 Results on Apr 24, 2025 ZRP Printing Group Co., Ltd announced that they will report fiscal year 2024 results on Apr 24, 2025 Reported Earnings • Oct 28
Third quarter 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.30 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.21 (down from CN¥0.30 in 3Q 2023). Revenue: CN¥718.7m (up 7.2% from 3Q 2023). Net income: CN¥41.4m (down 30% from 3Q 2023). Profit margin: 5.8% (down from 8.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Announcement • Sep 30
ZRP Printing Group Co., Ltd to Report Q3, 2024 Results on Oct 28, 2024 ZRP Printing Group Co., Ltd announced that they will report Q3, 2024 results on Oct 28, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥17.19, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 27x in the Packaging industry in China. Total loss to shareholders of 7.1% over the past year. Reported Earnings • Aug 20
Second quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.25 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.15 (down from CN¥0.25 in 2Q 2023). Revenue: CN¥659.1m (up 10.0% from 2Q 2023). Net income: CN¥27.8m (down 41% from 2Q 2023). Profit margin: 4.2% (down from 7.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Announcement • Jul 18
ZRP Printing Group Co., Ltd (SZSE:301223) agreed to acquire 70% stake in Matsuoka Printing Co., Ltd. from Pan Zhonghua and Pan Yuexin for approximately CNY 190 million. ZRP Printing Group Co., Ltd (SZSE:301223) signed share transfer agreement to acquire 70% stake in Matsuoka Printing Co., Ltd. from Pan Zhonghua and Pan Yuexin for approximately CNY 190 million on July 16, 2024. As per the transaction, ZRP Printing Group Co., Ltd will acquire 35 million shares of in Matsuoka Printing Co., Ltd. As per the transaction, Pan Zhonghua will sell 55% stake and will retain 24% stake in Matsuoka Printing Co., Ltd. and Pan Yuexin will sell its 15% stake in Matsuoka Printing Co., Ltd. The transaction will take place in two tranches, in first tranche 34.75% stake of Matsuoka Printing Co., Ltd. will be acquired for CNY 95.25 million and in second tranche 35.25% stake of Matsuoka Printing Co., Ltd. will be acquired for CNY 96.62 million As of April 30, 2024, Matsuoka Printing Co., Ltd. reported total assets of CNY 319.43 million and total common equity of CNY 162.99 million. The transaction is subject to approval by board of directors of ZRP Printing Group Co., Ltd and approval by Shenzhen Stock Exchange. Announcement • Jun 29
ZRP Printing Group Co., Ltd to Report First Half, 2024 Results on Aug 20, 2024 ZRP Printing Group Co., Ltd announced that they will report first half, 2024 results on Aug 20, 2024 Declared Dividend • Jun 01
Dividend increased to CN¥0.30 Dividend of CN¥0.30 is 36% higher than last year. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 2.0%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but not adequately covered by cash flows (91% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to decline by 67% to shift the payout ratio to a potentially unsustainable range, which is more than the 3.6% EPS decline seen over the last 5 years. Announcement • May 31
ZRP Printing Group Co., Ltd Announces Implementation of Final A Share Cash Dividend for 2023, Payable on 06 June 2024 ZRP Printing Group Co. Ltd. announced implementation of final cash dividend (tax included) of CNY 3.00000000 per 10 A shares for 2023. Record date is 05 June 2024 with Ex-date on 06 June 2024 and Payment date on 06 June 2024. Net cash dividend per 10 shares after tax: CNY 2.70000000 (CNY 3.00000000- CNY 0.30000000). Announcement • Apr 25
ZRP Printing Group Co., Ltd, Annual General Meeting, May 21, 2024 ZRP Printing Group Co., Ltd, Annual General Meeting, May 21, 2024, at 15:00 China Standard Time. Location: No. 28, Yanjiang East 3rd Road, Torch Development Zone, Zhongshan, Guangdong China Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.26 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.21 (down from CN¥0.26 in 1Q 2023). Revenue: CN¥547.9m (down 3.4% from 1Q 2023). Net income: CN¥41.3m (down 19% from 1Q 2023). Profit margin: 7.5% (down from 9.0% in 1Q 2023). The decrease in margin was driven by lower revenue. Announcement • Mar 30
ZRP Printing Group Co., Ltd to Report Q1, 2024 Results on Apr 24, 2024 ZRP Printing Group Co., Ltd announced that they will report Q1, 2024 results on Apr 24, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥14.14, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 31x in the Packaging industry in China. Total loss to shareholders of 29% over the past year. Announcement • Dec 30
ZRP Printing Group Co., Ltd to Report Fiscal Year 2023 Results on Apr 24, 2024 ZRP Printing Group Co., Ltd announced that they will report fiscal year 2023 results on Apr 24, 2024 Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: CN¥0.30 (vs CN¥0.39 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.30. Revenue: CN¥670.3m (up 1.1% from 3Q 2022). Net income: CN¥58.8m (up 4.8% from 3Q 2022). Profit margin: 8.8% (up from 8.5% in 3Q 2022). Announcement • Sep 30
ZRP Printing Group Co., Ltd to Report Q3, 2023 Results on Oct 24, 2023 ZRP Printing Group Co., Ltd announced that they will report Q3, 2023 results on Oct 24, 2023 Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.30 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.25. Revenue: CN¥599.3m (up 6.9% from 2Q 2022). Net income: CN¥47.0m (up 7.0% from 2Q 2022). Profit margin: 7.8% (in line with 2Q 2022). Buying Opportunity • Aug 11
Now 20% undervalued Over the last 90 days, the stock is up 7.7%. The fair value is estimated to be CN¥24.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has declined by 15%. Announcement • Jul 01
ZRP Printing Group Co., Ltd to Report First Half, 2023 Results on Aug 15, 2023 ZRP Printing Group Co., Ltd announced that they will report first half, 2023 results on Aug 15, 2023 Announcement • Jun 03
ZRP Printing Group Co., Ltd Implements 2022 Final Profit Distribution Plan, Payable on 09 June 2023 ZRP Printing Group Co. Ltd. implemented 2022 final profit distribution plan (A shares) as Cash dividend/10 shares (tax included) of CNY 2.20000000 for the year 2022. Record date is 08 June 2023, Ex-date: 09 June 2023, Payment date: 09 June 2023. Reported Earnings • Apr 24
First quarter 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.38 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.26 (down from CN¥0.38 in 1Q 2022). Revenue: CN¥567.1m (down 1.1% from 1Q 2022). Net income: CN¥50.8m (down 6.6% from 1Q 2022). Profit margin: 9.0% (in line with 1Q 2022). Announcement • Jan 04
ZRP Printing Group Co., Ltd Announces Management Appointments ZRP Printing Group Co. Ltd. at its Extraordinary General Meeting held on December 30, 2022, approved election of Huang Huanran, Zhang Zhihua, Zhao Chenghua, Lin Haizhou, Qu Yijian and Huang Zhongxian as non-independent directors; election of Wu Shengtao, Wang Tiegang and Jiang Jilu as independent directors; and election of Ou Zhigang and Li Yehong as non-employee supervisors. 
