---
title: "牡丹江恒丰纸业股份有限公司 (600356.SH)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/600356.SH.md"
symbol: "600356.SH"
name: "牡丹江恒丰纸业股份有限公司"
industry: "纸制品"
---

# 牡丹江恒丰纸业股份有限公司 (600356.SH)

| Item | Detail |
|------|--------|
| Industry | 纸制品 |
| Location | 沪深市场 |
| Website | [www.hengfengpaper.com](https://www.hengfengpaper.com) |

## Company Profile

公司是国家烟草总公司确定的卷烟辅料生产基地，是国内造纸行业重点高新技术企业。于 2001 年在上海证交所上市交易。公司致力于安全环保型特色产品的研制开发。卷烟配套用纸国内市场综合市场占有率近三分之一，是全国最大的卷烟辅料用纸生产基地，被国家烟草总公司确定为卷烟辅料生产基地。公司主要业务为特种纸、纸浆的生产和销售。公司主要产品包括烟草工业用纸、印刷工业用纸、医疗保健生活用纸、食品食材接触用纸等系列;纸浆包括剑麻浆、大麻浆及亚麻浆等特种浆。企业荣誉：制造业单项冠军、全国模范劳动关系和谐企业、牡丹江工业立市标兵单位、黑龙江省百强企业、黑龙江省文明单位标兵，“全国先进基层党组织”、“全国五一劳动奖状”...

## 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: B (0.35)**

**Industry**: Paper Products

| Metric | Value |
|--------|-------|
| Industry Ranking | 2 / 25 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Small - The company's operation has a high degree of growth and volatility, making it easy to achieve high investment returns.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 5.73% |  |
| Net Profit YoY | -2.40% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 1.10 |  |
| Dividend Ratio | 1.21% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 2.95B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 2.89B |  |


**Multi Score**: B

#### Profit Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 5.87% | C |
| Profit Margin | 5.32% | C |
| Gross Margin | 19.74% | D |

#### Growth Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 5.73% | C |
| Net Profit YoY | -2.40% | C |
| Total Assets YoY | 6.40% | B |
| Net Assets YoY | 4.39% | C |

#### Cash Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | 1878.50% | A |
| OCF YoY | 5.73% | C |

#### Operating Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.81 | B |

#### Debt Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 25.64% | B |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 牡丹江恒丰纸业股份有限公司",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "C",
      "indicators": [
        {
          "name": "ROE",
          "value": "5.87%",
          "rating": "C"
        },
        {
          "name": "Profit Margin",
          "value": "5.32%",
          "rating": "C"
        },
        {
          "name": "Gross Margin",
          "value": "19.74%",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "C",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "5.73%",
          "rating": "C"
        },
        {
          "name": "Net Profit YoY",
          "value": "-2.40%",
          "rating": "C"
        },
        {
          "name": "Total Assets YoY",
          "value": "6.40%",
          "rating": "B"
        },
        {
          "name": "Net Assets YoY",
          "value": "4.39%",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "B",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "1878.50%",
          "rating": "A"
        },
        {
          "name": "OCF YoY",
          "value": "5.73%",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "B",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.81",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "B",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "25.64%",
          "rating": "B"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 创源股份 (SZ.300703) | B | A | A | C | A | B |
| 02 | 恒丰纸业 (SH.600356) | C | C | B | B | B | B |
| 03 | 太阳纸业 (SZ.002078) | B | D | B | C | C | C |
| 04 | 仙鹤股份 (SH.603733) | B | B | C | D | B | C |
| 05 | 博汇纸业 (SH.600966) | D | C | B | D | B | C |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 19.18 | 5/25 | 19.92 | 18.74 | 16.69 |
| PB | 1.10 | 4/25 | 1.08 | 0.98 | 0.91 |
| PS (TTM) | 1.02 | 7/25 | 0.99 | 0.91 | 0.83 |
| Dividend Yield | 1.21% | 9/25 | 1.75% | 1.35% | 1.24% |

## References

- [Company Overview](https://longbridge.com/en/quote/600356.SH/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/600356.SH/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/600356.SH/topics.md) - Community topics and discussions

---

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