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Mudanjiang Hengfeng Paper Co 600356.SS · CNY

Materials · Shanghai · 🇨🇳 China

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8.74

-0.68%

Close of 9 Nov 2026, in CNY

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in CNY, from our data supplier.

FY2025

Revenue

CN¥2.82bn

FY2016FY2025

Net income

CN¥197.7m

FY2016FY2025

Free cash flow

CN¥125.3m

FY2016FY2025

Shareholders' equity

CN¥2.74bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueCN¥2.82bnCN¥2.77bnCN¥2.65bnCN¥2.46bnCN¥953.3mCN¥1.84bnCN¥1.76bnCN¥1.61bnCN¥1.44bnCN¥1.36bn
Gross profitCN¥549.8mCN¥450.2mCN¥411.8mCN¥396.8mCN¥255.0mCN¥459.3mCN¥463.7mCN¥350.8mCN¥398.5mCN¥376.7m
Research and developmentCN¥93.6mCN¥85.1mCN¥81.7mCN¥74.8mCN¥78.0mCN¥88.2mCN¥55.3mCN¥26.6mCN¥24.2mCN¥21.8m
Operating incomeCN¥289.8mCN¥183.6mCN¥173.1mCN¥155.4mCN¥255.0mCN¥185.4mCN¥143.1mCN¥90.1mCN¥132.4mCN¥125.9m
Net incomeCN¥197.7mCN¥115.8mCN¥136.2mCN¥128.9mCN¥231.2mCN¥131.7mCN¥99.0mCN¥66.8mCN¥97.7mCN¥94.7m
Diluted earnings per share0.670.390.410.410.320.430.330.220.340.33

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsCN¥3.81bnCN¥3.47bnCN¥3.17bnCN¥3.06bnCN¥2.94bnCN¥3.03bnCN¥2.94bnCN¥2.73bnCN¥2.72bnCN¥2.72bn
Cash and short-term investments—CN¥320.8mCN¥360.6mCN¥308.6mCN¥215.8mCN¥360.5mCN¥321.1mCN¥294.3mCN¥477.1mCN¥338.5m
Total liabilitiesCN¥998.7mCN¥822.9mCN¥593.7mCN¥588.8mCN¥568.1mCN¥717.3mCN¥737.4mCN¥601.7mCN¥621.5mCN¥694.6m
DebtCN¥189.6mCN¥413.2mCN¥358.2mCN¥344.3mCN¥396.5mCN¥516.9mCN¥519.9mCN¥459.4mCN¥455.5mCN¥499.2m
Shareholders' equityCN¥2.74bnCN¥2.57bnCN¥2.50bnCN¥2.40bnCN¥2.30bnCN¥2.24bnCN¥2.18bnCN¥2.11bnCN¥2.07bnCN¥2.00bn
Shares outstanding296m296m329m312m732m305m297m301m284m288m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsCN¥266.3mCN¥233.1mCN¥195.7mCN¥239.8mCN¥153.2mCN¥342.6mCN¥318.9m−CN¥91.7mCN¥306.2mCN¥313.8m
Capital spending−CN¥141.0m−CN¥301.3m−CN¥102.9m−CN¥35.7m−CN¥104.7m−CN¥218.6m−CN¥317.4m−CN¥179.2m−CN¥180.7m−CN¥191.6m
Free cash flowCN¥125.3m−CN¥68.2mCN¥92.8mCN¥204.1mCN¥48.5mCN¥124.0mCN¥1.5m−CN¥270.9mCN¥125.4mCN¥122.2m
Dividends paid−CN¥48.1m−CN¥68.7m−CN¥38.8m−CN¥45.3m−CN¥57.8m−CN¥69.1m−CN¥41.6m−CN¥47.9m−CN¥46.9m−CN¥50.5m

Latest quarters

By quarter end

Sept 2026Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024
RevenueCN¥733.5mCN¥697.5mCN¥688.6mCN¥783.6mCN¥685.6mCN¥679.1mCN¥674.2mCN¥855.2m
Gross profitCN¥122.0mCN¥139.9mCN¥134.4mCN¥196.2mCN¥135.3mCN¥112.5mCN¥105.7mCN¥138.2m
Operating incomeCN¥59.1mCN¥72.4mCN¥74.7mCN¥109.2mCN¥62.8mCN¥68.7mCN¥36.2mCN¥50.7m
Net incomeCN¥38.5mCN¥55.1mCN¥56.9mCN¥49.4mCN¥53.3mCN¥66.9mCN¥28.0mCN¥5.8m
Diluted earnings per share0.130.190.190.170.180.230.090.02
Cash from operations————CN¥6.0mCN¥55.0mCN¥91.0m—
Capital spending−CN¥62.0m−CN¥64.0m−CN¥37.0m−CN¥27.0m−CN¥41.0m−CN¥39.0m−CN¥32.0m−CN¥104.0m
Free cash flow————−CN¥35.0mCN¥16.0mCN¥59.0m—
Total assetsCN¥4.38bnCN¥4.30bnCN¥4.49bnCN¥3.81bnCN¥3.70bnCN¥3.66bnCN¥3.57bnCN¥3.47bn
Cash and short-term investments————CN¥419.6mCN¥442.9mCN¥400.3mCN¥320.8m
DebtCN¥335.8mCN¥338.0mCN¥358.2mCN¥189.6mCN¥299.8mCN¥492.5mCN¥447.8mCN¥413.2m
Shareholders' equityCN¥3.11bnCN¥3.07bnCN¥3.08bnCN¥2.74bnCN¥2.69bnCN¥2.67bnCN¥2.60bnCN¥2.57bn

Financial ratios

Data as of 25 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin19.5%16.2%15.6%16.2%26.7%24.9%
Operating margin8.7%6.6%7.0%6.9%28.5%10.7%
Net margin7.0%4.2%5.1%5.2%24.2%7.1%
Return on equity7.2%4.5%5.5%5.4%10.0%5.9%
Return on assets5.2%3.3%4.3%4.2%7.9%4.3%
Free cash flow yield14.7%19.3%9.7%9.4%3.8%19.7%
Revenue growth1.8%4.7%7.8%157.6%-48.3%5.0%
Earnings growth70.7%-14.9%5.6%-44.2%75.5%33.1%
Current ratio3.06x3.52x3.48x3.38x3.29x2.59x
Debt to equity0.07x0.16x0.13x0.12x0.17x0.21x
Equity ratio71.8%74.1%78.9%78.5%78.3%73.8%
Interest coverage25.89x16.90x12.24x10.23x19.19x10.64x
R&D as a share of sales3.3%3.1%3.1%3.0%8.2%4.8%
Buybacks as a share of market value-0.2%10.1%-5.5%57.4%-140.0%-2.5%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue4.7%8.9%7.3%
Operating income23.1%9.3%9.6%
Net income15.3%8.5%8.4%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin17.9%16.9%18.7%21.3%
Operating margin8.5%7.5%9.2%8.8%
Net margin5.6%5.4%7.0%6.6%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings13.119.519.317.724.719.323.324.824.137.2
Price to sales0.90.81.00.96.01.41.31.01.62.6

Dividends and splits

Per share, in the currency the company pays

Paid for 25 years. Last went ex-dividend on 26 Jun 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year0.190.120.1370.130.1020.1330.090.068
  • 6-for-5 split · 30 May 2011
  • 1-to-1 reverse split · 29 Nov 2005

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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