Z 
Zhejiang Rongsheng Environmental Protection Paper Joint Stock Co 603165.SS · CNY
Materials · Shanghai · 🇨🇳 China
11.73
-0.76%
Close of 9 Nov 2026, in CNY
Search any instrument
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.
Revenue
CN¥2.25bn
FY2016FY2025
Net income
CN¥223.7m
FY2016FY2025
Free cash flow
−CN¥640.3m
FY2016FY2025
Shareholders' equity
CN¥2.16bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.25bn | CN¥2.24bn | CN¥2.29bn | CN¥2.56bn | CN¥2.41bn | CN¥1.70bn | CN¥1.68bn | CN¥2.09bn | CN¥2.03bn | CN¥1.03bn |
| Gross profit | CN¥271.9m | CN¥334.4m | CN¥324.8m | CN¥205.9m | CN¥372.9m | CN¥266.1m | CN¥277.6m | CN¥280.6m | CN¥474.3m | CN¥192.5m |
| Research and development | CN¥103.4m | CN¥121.7m | CN¥122.8m | CN¥128.8m | CN¥108.8m | CN¥86.9m | CN¥73.0m | CN¥75.8m | CN¥71.2m | CN¥39.3m |
| Operating income | — | CN¥298.4m | CN¥268.5m | CN¥186.1m | CN¥276.7m | CN¥270.2m | CN¥271.3m | CN¥231.8m | CN¥456.9m | CN¥83.7m |
| Net income | CN¥223.7m | CN¥286.3m | CN¥270.7m | CN¥168.1m | CN¥284.4m | CN¥231.9m | CN¥249.2m | CN¥208.0m | CN¥398.7m | CN¥128.0m |
| Diluted earnings per share | 0.80 | 1.07 | 1.00 | 0.65 | 0.97 | 0.89 | 0.98 | 0.88 | 1.61 | 0.68 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.81bn | CN¥4.71bn | CN¥3.63bn | CN¥2.66bn | CN¥2.58bn | CN¥2.13bn | CN¥1.94bn | CN¥1.43bn | CN¥1.36bn | CN¥862.9m |
| Cash and short-term investments | — | CN¥2.74bn | CN¥1.86bn | CN¥818.6m | CN¥942.6m | CN¥834.5m | CN¥889.8m | CN¥269.4m | CN¥99.1m | CN¥42.2m |
| Total liabilities | CN¥2.65bn | CN¥2.38bn | CN¥1.39bn | CN¥668.3m | CN¥711.6m | CN¥463.8m | CN¥474.7m | CN¥199.7m | CN¥305.6m | CN¥450.1m |
| Debt | CN¥632.9m | CN¥1.76bn | CN¥1.01bn | CN¥300.7m | CN¥430.1m | CN¥229.6m | CN¥258.0m | — | CN¥65.1m | CN¥202.8m |
| Shareholders' equity | CN¥2.16bn | CN¥2.33bn | CN¥2.23bn | CN¥1.99bn | CN¥1.87bn | CN¥1.66bn | CN¥1.46bn | CN¥1.23bn | CN¥1.06bn | CN¥401.6m |
| Shares outstanding | 279m | 268m | 270m | 257m | 294m | 262m | 255m | 237m | 248m | 187m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥560.1m | CN¥111.3m | CN¥251.0m | CN¥257.0m | CN¥101.5m | CN¥230.0m | CN¥425.8m | CN¥332.0m | CN¥54.8m | CN¥64.4m |
| Capital spending | −CN¥80.2m | −CN¥70.5m | −CN¥73.2m | −CN¥138.2m | −CN¥94.2m | −CN¥187.9m | −CN¥78.8m | −CN¥19.5m | −CN¥26.5m | −CN¥99.0m |
| Free cash flow | −CN¥640.3m | CN¥40.8m | CN¥177.8m | CN¥118.8m | CN¥7.3m | CN¥42.1m | CN¥347.0m | CN¥312.5m | CN¥28.3m | −CN¥34.7m |
| Dividends paid | −CN¥320.0m | −CN¥168.7m | −CN¥137.7m | −CN¥92.6m | −CN¥179.3m | −CN¥76.3m | −CN¥83.4m | −CN¥77.2m | −CN¥29.8m | −CN¥42.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥619.8m | CN¥561.6m | CN¥644.2m | CN¥547.6m | CN¥527.7m | CN¥533.7m | CN¥573.2m | CN¥538.5m |
| Gross profit | CN¥81.2m | CN¥73.1m | CN¥70.5m | CN¥62.9m | CN¥66.5m | CN¥72.0m | CN¥53.0m | CN¥91.4m |
| Operating income | CN¥74.6m | CN¥58.5m | CN¥62.5m | CN¥57.2m | CN¥61.8m | CN¥82.1m | CN¥43.0m | CN¥72.6m |
| Net income | CN¥114.6m | CN¥75.8m | CN¥52.8m | CN¥55.9m | CN¥44.4m | CN¥70.6m | CN¥37.6m | CN¥73.0m |
| Diluted earnings per share | 0.41 | 0.27 | 0.19 | 0.20 | 0.16 | 0.25 | 0.14 | 0.27 |
| Cash from operations | — | — | — | −CN¥139.0m | −CN¥137.0m | −CN¥124.0m | — | −CN¥14.0m |
| Capital spending | −CN¥17.0m | −CN¥35.0m | — | −CN¥27.0m | −CN¥26.0m | −CN¥27.0m | −CN¥2.0m | −CN¥11.0m |
| Free cash flow | — | — | — | −CN¥166.0m | −CN¥163.0m | −CN¥151.0m | — | −CN¥25.0m |
| Total assets | CN¥4.75bn | CN¥4.73bn | CN¥4.81bn | CN¥4.90bn | CN¥4.88bn | CN¥4.65bn | CN¥4.71bn | CN¥4.60bn |
| Cash and short-term investments | — | — | — | CN¥2.92bn | CN¥2.99bn | CN¥2.70bn | CN¥2.74bn | CN¥2.58bn |
| Debt | CN¥83.8m | CN¥85.1m | CN¥632.9m | CN¥1.59bn | CN¥2.20bn | CN¥1.74bn | CN¥1.76bn | CN¥1.78bn |
| Shareholders' equity | CN¥2.46bn | CN¥2.69bn | CN¥2.16bn | CN¥2.12bn | CN¥2.23bn | CN¥2.39bn | CN¥2.33bn | CN¥2.28bn |
Financial ratios
Data as of 20 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 12.1% | 15.0% | 14.2% | 8.0% | 15.4% | 15.7% |
| Operating margin | 13.0% | 16.2% | 12.8% | 7.9% | 12.2% | 15.9% |
| Net margin | 9.9% | 12.8% | 11.8% | 6.6% | 11.8% | 13.7% |
| Return on equity | 10.4% | 12.3% | 12.1% | 8.4% | 15.2% | 13.9% |
| Return on assets | 4.7% | 6.1% | 7.5% | 6.3% | 11.0% | 10.9% |
| Free cash flow yield | -13.1% | 5.2% | 9.1% | 11.7% | 5.1% | 12.2% |
| Revenue growth | 0.8% | -2.4% | -10.6% | 6.1% | 42.4% | 1.2% |
| Earnings growth | -21.9% | 5.8% | 61.0% | -40.9% | 22.6% | -6.9% |
| Current ratio | 1.87x | 1.97x | 2.86x | 2.36x | 2.83x | 5.95x |
| Debt to equity | 0.29x | 0.76x | 0.45x | 0.15x | 0.23x | 0.14x |
| Equity ratio | 44.9% | 49.5% | 61.6% | 74.9% | 72.4% | 78.2% |
| Interest coverage | 4.31x | 5.31x | 11.12x | 10.59x | 15.59x | 13.85x |
| R&D as a share of sales | 4.6% | 5.4% | 5.4% | 5.0% | 4.5% | 5.1% |
| Buybacks as a share of market value | -4.2% | 0.9% | -5.2% | 12.6% | -12.4% | -2.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.2% | 5.9% | 12.1% |
| Net income | 10.0% | -0.7% | 11.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.5% | 12.2% | 13.2% | 15.0% |
| Net margin | 11.4% | 10.2% | 10.9% | 12.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.8 | 11.4 | 12.0 | 16.7 | 19.9 | 13.7 | 12.4 | 12.3 | 18.2 |
| Price to sales | 1.6 | 1.5 | 1.4 | 1.1 | 2.4 | 1.9 | 1.8 | 1.2 | 3.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 9 Feb 2026.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.48 | 0.49 | 0.46 | 0.35 | 0.70 | 0.307 | 0.336 | 0.408 |
- 7-for-5 split · 19 May 2020
- 7-for-5 split · 15 Jun 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.