---
title: "理文造纸有限公司 (02314.HK)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/02314.HK.md"
symbol: "02314.HK"
name: "理文造纸有限公司"
industry: "纸制品"
---

# 理文造纸有限公司 (02314.HK)

| Item | Detail |
|------|--------|
| Industry | 纸制品 |
| Location | 港股市场 |
| Website | [www.leemanpaper.com](https://www.leemanpaper.com) |

## Company Profile

理文造纸有限公司是一家主要从事包装纸生产及贸易业务的投资控股公司。该公司通过三个分部运营：包装纸分部、木浆分部和卫生纸分部。包装纸包括牛咭纸、挂麵牛咭纸、涂佈白纸板、白面牛咭纸及高强瓦楞芯纸。该公司还从事采购原料业务。

## Financial Score

> *Longbridge Financial Score™ — Proprietary multi-factor rating model by [Longbridge](https://longbridge.com). This score is independently calculated by Longbridge and is not affiliated with any third-party rating agency.*
> Updated: 2026-02-21T04:30:11.000Z

**Overall: C (0.48)**

**Industry**: Paper Products

| Metric | Value |
|--------|-------|
| Industry Ranking | 2 / 4 |
| Industry Median | C |
| Industry Average | D |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Mid - The company has stable operation of a large-cap stock and the high return of a small-cap stock.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 1.95% |  |
| Net Profit YoY | -9.28% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 0.60 |  |
| Dividend Ratio | 2.74% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 17.39B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 25.73B |  |


**Multi Score**: C

#### Profit Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 4.86% | C |
| Profit Margin | 5.30% | C |
| Gross Margin | 14.16% | D |

#### Growth Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 1.95% | C |
| Net Profit YoY | -9.28% | C |
| Total Assets YoY | 1.70% | C |
| Net Assets YoY | 5.67% | B |

#### Cash Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | 1886.48% | A |
| OCF YoY | 1.95% | C |

#### Operating Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.47 | C |

#### Debt Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 48.27% | C |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 理文造纸有限公司",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "C",
      "indicators": [
        {
          "name": "ROE",
          "value": "4.86%",
          "rating": "C"
        },
        {
          "name": "Profit Margin",
          "value": "5.30%",
          "rating": "C"
        },
        {
          "name": "Gross Margin",
          "value": "14.16%",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "C",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "1.95%",
          "rating": "C"
        },
        {
          "name": "Net Profit YoY",
          "value": "-9.28%",
          "rating": "C"
        },
        {
          "name": "Total Assets YoY",
          "value": "1.70%",
          "rating": "C"
        },
        {
          "name": "Net Assets YoY",
          "value": "5.67%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "B",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "1886.48%",
          "rating": "A"
        },
        {
          "name": "OCF YoY",
          "value": "1.95%",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "C",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.47",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "C",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "48.27%",
          "rating": "C"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 玖龙纸业 (HK.2689) | C | B | C | D | B | C |
| 02 | 理文造纸 (HK.2314) | C | C | C | C | B | C |
| 03 | 综合环保集团 (HK.923) | E | D | E | A | D | D |
| 04 | 晨鸣纸业 (HK.1812) | E | E | E | E | E | E |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 12.76 | 1/4 | 9.48 | 8.87 | 7.23 |
| PB | 0.60 | 2/4 | 0.45 | 0.42 | 0.34 |
| PS (TTM) | 0.68 | 3/4 | 0.50 | 0.47 | 0.37 |
| Dividend Yield | 2.74% | 1/4 | 5.17% | 3.95% | 3.65% |

## Institutional View

### Analyst Rating Distribution

> As of 2026-01-27T16:00:00.000Z

Total Analysts: **3**

| Rating | Count | Percentage |
|--------|-------|-----------|
| Buy | 2 | 67% |
| Overweight | 0 | 0% |
| Hold | 1 | 33% |
| Underweight | 0 | 0% |
| Sell | 0 | 0% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 4.05 |
| Highest Target | 4.20 |
| Lowest Target | 2.40 |

## References

- [Company Overview](https://longbridge.com/en/quote/02314.HK/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/02314.HK/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/02314.HK/topics.md) - Community topics and discussions

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.