China Sunshine Paper Holdings Co. (HKSE:02002) Selling, General, & Admin. Expense: HK$951 Mil (TTM As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:02002 China Sunshine Paper Holdings Co. Ltd HKSE:02002
67 GF Score
Price HK$0.90
GF Value HK$1.79
Valuation Possible Value Trap
! 6 Warning Signs
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What is China Sunshine Paper Holdings Co. Selling, General, & Admin. Expense?

China Sunshine Paper Holdings Co. HKSE:02002 +11.11% 67 Selling, General, & Admin. Expense is HK$951 Mil as of Dec. 2025. GuruFocus rates HKSE:02002 with a GF Score™ of 67/100 and a GF Value™ of HK$1.79 (Possible Value Trap). The stock has 6 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. China Sunshine Paper Holdings Co.'s selling, general, & admin. expense for the six months ended in Dec. 2025 was HK$487 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2025 was HK$951 Mil.


China Sunshine Paper Holdings Co.  (HKSE:02002) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


China Sunshine Paper Holdings Co. Selling, General, & Admin. Expense Related Terms


China Sunshine Paper Holdings Co. Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for China Sunshine Paper Holdings Co.'s Selling, General, & Admin. Expense 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. Selling, General, & Admin. Expense Chart

China Sunshine Paper Holdings Co. Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,027.27 928.36 964.48 923.85 955.73

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
Selling, General, & Admin. Expense 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 507.35 440.05 487.43 463.62 487.16

China Sunshine Paper Holdings Co. Selling, General, & Admin. Expense Competitor Comparison

For the Paper & Paper Products subindustry, China Sunshine Paper Holdings Co.'s Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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. Selling, General, & Admin. Expense vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, China Sunshine Paper Holdings Co.'s Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where China Sunshine Paper Holdings Co.'s Selling, General, & Admin. Expense falls into.


HKSE:02002
67GF Score
China Sunshine Paper Holdings Co. Ltd HKSE:02002
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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China Sunshine Paper Holdings Co. Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$951 Mil.

* 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.

What does a Selling, General, & Admin. Expense of HK$951 Mil mean?
China Sunshine Paper Holdings Co. (HKSE:02002) has a Selling, General, & Admin. Expense of HK$951 Mil as of Dec. 2025. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on China Sunshine Paper Holdings Co. and its competitors.
Is China Sunshine Paper Holdings Co.'s Selling, General, & Admin. Expense too high?
China Sunshine Paper Holdings Co.'s current Selling, General, & Admin. Expense is HK$951 Mil. Overall, China Sunshine Paper Holdings Co. has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does China Sunshine Paper Holdings Co.'s Selling, General, & Admin. Expense compare to competitors?
China Sunshine Paper Holdings Co.'s Selling, General, & Admin. Expense of HK$951 Mil can be compared against companies in the Forest Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Forest Products company?
A good Selling, General, & Admin. Expense depends on the Forest Products industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on China Sunshine Paper Holdings Co. and its competitors. China Sunshine Paper Holdings Co.'s current Selling, General, & Admin. Expense is HK$951 Mil. 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$1.79, compared to a current price of HK$0.90 — trading 49.7% below its estimated fair value. The current Selling, General, & Admin. Expense is HK$951 Mil. China Sunshine Paper Holdings Co.'s overall GF Score™ is 67/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For China Sunshine Paper Holdings Co. (HKSE:02002), the current Selling, General, & Admin. Expense is HK$951 Mil 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 49.7% below its estimated GF Value™ of HK$1.79. GuruFocus considers China Sunshine Paper Holdings Co. to be Possible Value Trap.

Key valuation signals for HKSE:02002:

  • Selling, General, & Admin. Expense: HK$951 Mil
  • GF Value™: HK$1.79 vs. price of HK$0.90 (49.7% below fair value)
  • GF Score™: 67/100 with 6 warning signs

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.
67GF Score

Get the complete analysis for HKSE:02002

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.90
Price
HK$1.79
GF Value