China Sunshine Paper Holdings Co. (HKSE:02002) Days Payable: 65.14 (As of Dec. 2025) — 15% Below Median

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HKSE:02002 China Sunshine Paper Holdings Co. Ltd HKSE:02002
62 GF Score
Price HK$0.90
GF Value HK$1.81
Valuation Possible Value Trap
! 6 Warning Signs
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What is China Sunshine Paper Holdings Co. Days Payable?

China Sunshine Paper Holdings Co. HKSE:02002 -1.10% 62 Days Payable is 65.14 as of Dec. 2025, which is 15% below its 10-year median of 76.62. GuruFocus rates HKSE:02002 with a GF Score™ of 62/100 and a GF Value™ of HK$1.81 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 275 Forest Products companies, China Sunshine Paper Holdings Co. ranks better than 60% on this metric.

China Sunshine Paper Holdings Co.'s average Accounts Payable for the six months ended in Dec. 2025 was HK$1,442 Mil. China Sunshine Paper Holdings Co.'s Cost of Goods Sold for the six months ended in Dec. 2025 was HK$4,040 Mil. Hence, China Sunshine Paper Holdings Co.'s Days Payable for the six months ended in Dec. 2025 was 65.14.

The historical rank and industry rank for China Sunshine Paper Holdings Co.'s Days Payable or its related term are showing as below:

HKSE:02002' s Days Payable Range Over the Past 10 Years
Min: 66.6   Med: 76.62   Max: 117.27
Current: 66.98

During the past 13 years, China Sunshine Paper Holdings Co.'s highest Days Payable was 117.27. The lowest was 66.60. And the median was 76.62.

HKSE:02002's Days Payable is ranked better than
60% of 275 companies
in the Forest Products industry
Industry Median: 56.46 vs HKSE:02002: 66.98

China Sunshine Paper Holdings Co.'s Days Payable increased from Dec. 2024 (64.59) to Dec. 2025 (65.14). It may suggest that China Sunshine Paper Holdings Co. delayed paying its suppliers.


China Sunshine Paper Holdings Co. Days Payable Related Terms


China Sunshine Paper Holdings Co. Days Payable Historical Data

* Premium members only.

The historical data trend for China Sunshine Paper Holdings Co.'s Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

China Sunshine Paper Holdings Co. Days Payable Chart

China Sunshine Paper Holdings Co. Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 72.95 66.63 72.57 66.71 66.60

China Sunshine Paper Holdings Co. Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 69.33 73.96 64.59 69.30 65.14

China Sunshine Paper Holdings Co. Days Payable Competitor Comparison

For the Paper & Paper Products subindustry, China Sunshine Paper Holdings Co.'s Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


China Sunshine Paper Holdings Co. Days Payable vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, China Sunshine Paper Holdings Co.'s Days Payable distribution charts can be found below:

* The bar in red indicates where China Sunshine Paper Holdings Co.'s Days Payable falls into.


HKSE:02002
62GF Score
China Sunshine Paper Holdings Co. Ltd HKSE:02002
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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China Sunshine Paper Holdings Co. Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

China Sunshine Paper Holdings Co.'s Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (1165.946 + 1531.444) / 2 ) / 7391.828*365
=1348.695 / 7391.828*365
=66.60

China Sunshine Paper Holdings Co.'s Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (1352.698 + 1531.444) / 2 ) / 4040.209*365 / 2
=1442.071 / 4040.209*365 / 2
=65.14

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 65.14 mean?
China Sunshine Paper Holdings Co. (HKSE:02002) has a Days Payable of 65.14 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on China Sunshine Paper Holdings Co. and its competitors. This is 15% below median its historical median of 76.62. Over the past decade, China Sunshine Paper Holdings Co.'s Days Payable has ranged from 66.60 to 117.27. According to the industry distribution chart, China Sunshine Paper Holdings Co. ranks #110 out of 275 companies in the Forest Products industry, placing it in the top 40%.
Is China Sunshine Paper Holdings Co.'s Days Payable too high?
China Sunshine Paper Holdings Co.'s current Days Payable of 65.14 is 15% below median its 10-year median of 76.62. Over the past 10 years, this metric has ranged from a low of 66.60 to a high of 117.27. The Forest Products industry median Days Payable is 56.46. China Sunshine Paper Holdings Co.'s value of 65.14 is 15.4% above this industry median. Based on the distribution chart, China Sunshine Paper Holdings Co. ranks #110 out of 275 companies in the Forest Products industry, which is above the industry midpoint. Overall, China Sunshine Paper Holdings Co. has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does China Sunshine Paper Holdings Co.'s Days Payable compare to competitors?
According to the Forest Products industry distribution chart, China Sunshine Paper Holdings Co. ranks #110 out of 275 companies for Days Payable. This puts China Sunshine Paper Holdings Co. in the upper half of its industry. The industry median Days Payable is 56.46. China Sunshine Paper Holdings Co.'s value of 65.14 is 15.4% above this benchmark. Historically, China Sunshine Paper Holdings Co.'s own Days Payable has ranged from 66.60 to 117.27 over the past decade. While the company's 10-year median is 76.62 vs. the industry median of 56.46, China Sunshine Paper Holdings Co. has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Forest Products company?
The median Days Payable among Forest Products companies is 56.46, based on 275 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Sunshine Paper Holdings Co.'s current Days Payable of 65.14 is 15.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on China Sunshine Paper Holdings Co. and its competitors. For the Forest Products industry, the median Days Payable is 56.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Sunshine Paper Holdings Co.'s current Days Payable is 65.14, which is 15% below median its own 10-year median of 76.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Sunshine Paper Holdings Co. stock overvalued right now?
Based on GuruFocus' analysis, China Sunshine Paper Holdings Co. (HKSE:02002) is currently considered Possible Value Trap. The stock's GF Value™ is HK$1.81, compared to a current price of HK$0.90 — trading 50.3% below its estimated fair value. The current Days Payable is 65.14, which is 15% below median its 10-year median of 76.62 and 15.4% above the Forest Products industry median of 56.46. China Sunshine Paper Holdings Co.'s overall GF Score™ is 62/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For China Sunshine Paper Holdings Co. (HKSE:02002), the current Days Payable is 65.14 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is China Sunshine Paper Holdings Co. (HKSE:02002) Overvalued in 2026?

Based on GuruFocus' analysis, China Sunshine Paper Holdings Co. stock appears to be undervalued. The current stock price of HK$0.90 is trading 50.3% below its estimated GF Value™ of HK$1.81. GuruFocus considers China Sunshine Paper Holdings Co. to be Possible Value Trap.

Key valuation signals for HKSE:02002:

  • Days Payable: 65.14 (15% below median its 10-year median of 76.62)
  • GF Value™: HK$1.81 vs. price of HK$0.90 (50.3% below fair value)
  • GF Score™: 62/100 with 6 warning signs
  • Industry Position: 15.4% above the Forest Products median (#110 of 275)

No single metric tells the full story. See the HKSE:02002 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Sunshine Paper Holdings Co. Business Description

Address Changle Economic Development Zone, Shandong, Weifang, CHN, 262400
China Sunshine Paper Holdings Co. Ltd is principally engaged in the production & sale of paper products, electricity, & steam. The business activity of the firm is operated through White Top Linerboard, Coated white top liner board, Core Board, Specialised Paper Products, Corrugated Paper, and Electricity & Steam segments. Key revenue is generated from Specialised Paper Products. The company offers products under three categories: Paper, which includes an Uncoated white top test liner, coated white top liner, core board base paper, medium, & specialty paper; Preprint products; & Carton products. Geographically, the company operates in the PRC & Overseas, in which the PRC generates the majority of its revenue.
62GF Score

Get the complete analysis for HKSE:02002

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.90
Price
HK$1.81
GF Value