Fujian Qingshan Paper Industry Co (SHSE:600103) ROE %: 1.53% (As of Mar. 2026) — 52% Below Median


SHSE:600103 Fujian Qingshan Paper Industry Co Ltd SHSE:600103
65 GF Score
Price ¥3.02
GF Value ¥2.09
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Fujian Qingshan Paper Industry Co ROE %?

Fujian Qingshan Paper Industry Co SHSE:600103 -1.95% 65 ROE % is 1.53% as of Mar. 2026, which is 52% below its 10-year median of 3.20. GuruFocus rates SHSE:600103 with a GF Score™ of 65/100 and a GF Value™ of ¥2.09 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 280 Forest Products companies, Fujian Qingshan Paper Industry Co ranks worse than 56.07% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Fujian Qingshan Paper Industry Co's annualized net income for the quarter that ended in Mar. 2026 was ¥61 Mil. Fujian Qingshan Paper Industry Co's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ¥3,969 Mil. Therefore, Fujian Qingshan Paper Industry Co's annualized ROE % for the quarter that ended in Mar. 2026 was 1.53%.

The historical rank and industry rank for Fujian Qingshan Paper Industry Co's ROE % or its related term are showing as below:

SHSE:600103' s ROE % Range Over the Past 10 Years
Min: 0.99   Med: 3.2   Max: 5.52
Current: 0.99

During the past 13 years, Fujian Qingshan Paper Industry Co's highest ROE % was 5.52%. The lowest was 0.99%. And the median was 3.20%.

SHSE:600103's ROE % is ranked worse than
56.07% of 280 companies
in the Forest Products industry
Industry Median: 2.07 vs SHSE:600103: 0.99

Fujian Qingshan Paper Industry Co  (SHSE:600103) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=60.652/3968.873
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(60.652 / 2275.304)*(2275.304 / 6109.517)*(6109.517 / 3968.873)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.67 %*0.3724*1.5394
=ROA %*Equity Multiplier
=0.99 %*1.5394
=1.53 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=60.652/3968.873
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (60.652 / 95.764) * (95.764 / 82.168) * (82.168 / 2275.304) * (2275.304 / 6109.517) * (6109.517 / 3968.873)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6333 * 1.1655 * 3.61 % * 0.3724 * 1.5394
=1.53 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Fujian Qingshan Paper Industry Co ROE % Related Terms


Fujian Qingshan Paper Industry Co ROE % Historical Data

* Premium members only.

The historical data trend for Fujian Qingshan Paper Industry Co's ROE % 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.

Fujian Qingshan Paper Industry Co ROE % Chart

Fujian Qingshan Paper Industry Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.22 5.52 3.15 2.17 1.39

Fujian Qingshan Paper Industry Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % 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 3.11 2.56 0.90 -1.04 1.53

Fujian Qingshan Paper Industry Co ROE % Competitor Comparison

For the Paper & Paper Products subindustry, Fujian Qingshan Paper Industry Co's ROE %, along with its competitors' market caps and ROE % 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.


Fujian Qingshan Paper Industry Co ROE % vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Fujian Qingshan Paper Industry Co's ROE % distribution charts can be found below:

* The bar in red indicates where Fujian Qingshan Paper Industry Co's ROE % falls into.


SHSE:600103
65GF Score
Fujian Qingshan Paper Industry Co Ltd SHSE:600103
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Fujian Qingshan Paper Industry Co ROE % Calculation

Fujian Qingshan Paper Industry Co's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=54.684/( (3929.834+3960.831)/ 2 )
=54.684/3945.3325
=1.39 %

Fujian Qingshan Paper Industry Co's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=60.652/( (3960.831+3976.915)/ 2 )
=60.652/3968.873
=1.53 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 1.53% mean?
Fujian Qingshan Paper Industry Co (SHSE:600103) has a ROE % of 1.53% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Fujian Qingshan Paper Industry Co and its competitors. This is 52% below median its historical median of 3.20. Over the past decade, Fujian Qingshan Paper Industry Co's ROE % has ranged from 0.99 to 5.52. According to the industry distribution chart, Fujian Qingshan Paper Industry Co ranks #157 out of 280 companies in the Forest Products industry, placing it in the top 56.1%.
Is Fujian Qingshan Paper Industry Co's ROE % too high?
Fujian Qingshan Paper Industry Co's current ROE % of 1.53% is 52% below median its 10-year median of 3.20. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 5.52. The Forest Products industry median ROE % is 2.07. Fujian Qingshan Paper Industry Co's value of 1.53% is 26.1% below this industry median. Based on the distribution chart, Fujian Qingshan Paper Industry Co ranks #157 out of 280 companies in the Forest Products industry, which is below the industry midpoint. Overall, Fujian Qingshan Paper Industry Co has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fujian Qingshan Paper Industry Co's ROE % compare to competitors?
According to the Forest Products industry distribution chart, Fujian Qingshan Paper Industry Co ranks #157 out of 280 companies for ROE %. This places Fujian Qingshan Paper Industry Co in the lower half of its industry. The industry median ROE % is 2.07. Fujian Qingshan Paper Industry Co's value of 1.53% is 26.1% below this benchmark. Historically, Fujian Qingshan Paper Industry Co's own ROE % has ranged from 0.99 to 5.52 over the past decade. While the company's 10-year median is 3.20 vs. the industry median of 2.07, Fujian Qingshan Paper Industry Co has consistently been below 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 ROE % for a Forest Products company?
The median ROE % among Forest Products companies is 2.07, based on 280 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fujian Qingshan Paper Industry Co's current ROE % of 1.53% is 26.1% below 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Fujian Qingshan Paper Industry Co and its competitors. For the Forest Products industry, the median ROE % is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fujian Qingshan Paper Industry Co's current ROE % is 1.53%, which is 52% below median its own 10-year median of 3.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fujian Qingshan Paper Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Fujian Qingshan Paper Industry Co (SHSE:600103) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥2.09, compared to a current price of ¥3.02 — trading 44.5% above its estimated fair value. The current ROE % is 1.53%, which is 52% below median its 10-year median of 3.20 and 26.1% below the Forest Products industry median of 2.07. Fujian Qingshan Paper Industry Co's overall GF Score™ is 65/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Fujian Qingshan Paper Industry Co (SHSE:600103), the current ROE % is 1.53% as of Mar. 2026. 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 Fujian Qingshan Paper Industry Co (SHSE:600103) Overvalued in 2026?

Based on GuruFocus' analysis, Fujian Qingshan Paper Industry Co stock appears to be overvalued. The current stock price of ¥3.02 is trading 44.5% above its estimated GF Value™ of ¥2.09. GuruFocus considers Fujian Qingshan Paper Industry Co to be Significantly Overvalued.

Key valuation signals for SHSE:600103:

  • ROE %: 1.53% (52% below median its 10-year median of 3.20)
  • GF Value™: ¥2.09 vs. price of ¥3.02 (44.5% above fair value)
  • GF Score™: 65/100 with 3 warning signs
  • Industry Position: 26.1% below the Forest Products median (#157 of 280)

No single metric tells the full story. See the SHSE:600103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fujian Qingshan Paper Industry Co Business Description

Address No. 1 Qingshan Road, Qingshan Paper Industry, Qingzhou Town, Shaxian County, Fujian Province, Sanming, CHN, 365056
Fujian Qingshan Paper Industry Co Ltd is a China-based company engaged in the production and sales of paper products. Its principal products cover paper bags, pulp board, paperboard and corrugated paper products, paper products, optoelectronic products and forest products. The company distributes its products in domestic and overseas markets.
65GF Score

Get the complete analysis for SHSE:600103

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

¥3.02
Price
¥2.09
GF Value