Minfeng Special Paper Co.,Ltd. (SHA:600235)

China · Delayed Price · Currency is CNY

5.56

+0.09 (1.65%)

Oct 28, 2026, 3:00 PM CST

Minfeng Special Paper Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,231	1,204	1,459	1,618	1,671	1,526
Revenue Growth	3.92%	-17.44%	-9.82%	-3.21%	9.54%	12.76%
Gross Profit	165.09	172.5	228.92	210.38	189.81	261.57
Operating Income	27.72	20.74	86.6	62.29	35.81	77.97
Net Income	15.46	16.28	72	46.73	15.4	58.31
Earnings Per Share	0.05	0.05	0.20	0.13	0.04	0.17
EPS Growth	-41.92%	-75.00%	53.85%	225.00%	-76.47%	21.43%

Revenue by Geography

Fiscal Year	FY 2025
Period Ending	Dec '25 Dec 31, 2025
China	1,166
Overseas	38.51
Total	1,204

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	180.8	139.86	177.34	195.41	189.69	131.32
Total Debt	1,058	1,137	1,233	825.77	579.11	638.69
Net Cash (Debt)	-877.4	-997.33	-1,055	-630.36	-389.41	-507.38
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.71	-3.06	-2.93	-1.75	-1.01	-1.48

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	254.57	271.52	261.96	29.22	188	96.24
Capital Expenditures	-104.74	-185.82	-650.62	-246.95	-41.01	-48.93
Free Cash Flow	149.83	85.7	-388.66	-217.73	146.99	47.31
Free Cash Flow Growth	-	-	-	-	210.67%	-48.73%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	13.41%	14.32%	15.69%	13.00%	11.36%	17.14%
Operating Margin	2.25%	1.72%	5.94%	3.85%	2.14%	5.11%
Pretax Margin	1.13%	1.16%	5.07%	2.89%	0.95%	4.01%
Profit Margin	1.26%	1.35%	4.93%	2.89%	0.92%	3.82%
FCF Margin	12.17%	7.12%	-26.64%	-13.46%	8.79%	3.10%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 28, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Dividend Per Share	0.020	0.015	0.062	0.015	0.010	0.020
Dividend Per Share Growth	0%	-75.81%	313.33%	50.00%	-50.00%	33.33%
Dividend Yield	0.36%	0.22%	1.09%	0.24%	0.18%	0.32%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 28, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	116.49	146.70	27.66	46.16	127.04	37.59
Forward PE	-	106.33	106.33	106.33	106.33	106.33
P/FCF Ratio	13.04	27.88	-	-	13.31	46.33
PS Ratio	1.59	1.98	1.37	1.33	1.17	1.44