Shandong Huatai Paper Industry Shareholding Co.,Ltd Logo

Shandong Huatai Paper Industry Shareholding Co.,Ltd

600308.SS

(2.0)
Stock Price

3,79 CNY

1.7% ROA

2.72% ROE

23.04x PER

Market Cap.

5.818.683.000,00 CNY

39.61% DER

1.23% Yield

1.94% NPM

Shandong Huatai Paper Industry Shareholding Co.,Ltd Stock Analysis

Shandong Huatai Paper Industry Shareholding Co.,Ltd Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Shandong Huatai Paper Industry Shareholding Co.,Ltd Fundamental Stock Analysis
# Analysis Rating
1 PBV

The stock's low PBV ratio (0.42x) suggests it's undervalued, making it an attractive opportunity for investors.

2 DER

The stock has a low debt to equity ratio (29%), which means it has a small amount of debt compared to the ownership it holds

3 ROE

The stock's ROE falls within an average range (2.22%), demonstrating satisfactory profitability and efficiency in utilizing shareholders' equity.

4 ROA

The stock's ROA (1.37%) indicates that it's doing well in making money from the things it owns. This makes it a good option to invest and make consistent profits.

5 Graham Number

Based on the Graham number, this company's stock price appears to be lower than its intrinsic value, signaling a potentially favorable investment choice.

6 Buffet Intrinsic Value

The company's stock presents an enticing opportunity as it appears undervalued (203) by Warren Buffett's formula, indicating that its intrinsic value exceeds the market price.

7 Revenue Growth

Company has experienced no growth in revenue over the past three years, suggesting limited profitability and making it a less desirable investment opportunity.

8 Net Profit Growth

The net profit of this company has shown no signs of growth over the last five years, suggesting limited profitability and making it a less attractive investment opportunity.

9 Assets Growth

Company's revenue has remained stagnant over the past three years, indicating a lack of growth and making it a less favorable option.

10 Dividend Growth

The company's dividend growth has remained flat for the past three years, offering no indication of improved returns and making it a less advantageous investment opportunity.

11 Dividend

The company's decision to withhold dividends for three years raises questions about its ability to generate consistent returns.

Shandong Huatai Paper Industry Shareholding Co.,Ltd Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Shandong Huatai Paper Industry Shareholding Co.,Ltd Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Hold
2 MACD Buy
3 RSI Hold
4 Stoch RSI Hold

Shandong Huatai Paper Industry Shareholding Co.,Ltd Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Shandong Huatai Paper Industry Shareholding Co.,Ltd Revenue
Year Revenue Growth
1997 336.527.554
1998 388.295.124 13.33%
1999 504.940.783 23.1%
2000 626.176.819 19.36%
2001 714.582.177 12.37%
2002 1.326.460.846 46.13%
2003 1.596.423.884 16.91%
2004 2.626.297.779 39.21%
2005 2.835.175.794 7.37%
2006 3.739.619.064 24.19%
2007 6.032.140.073 38.01%
2008 6.006.293.244 -0.43%
2009 5.827.555.268 -3.07%
2010 7.117.866.508 18.13%
2011 9.608.637.716 25.92%
2012 9.567.404.468 -0.43%
2013 9.743.049.747 1.8%
2014 9.261.782.279 -5.2%
2015 9.416.782.085 1.65%
2016 10.809.907.033 12.89%
2017 13.658.917.355 20.86%
2018 14.763.348.003 7.48%
2019 13.538.816.480 -9.04%
2020 12.307.883.137 -10%
2021 14.903.266.484 17.41%
2022 15.174.406.900 1.79%
2023 13.656.860.030 -11.11%
2023 13.291.296.905 -2.75%
2024 12.305.870.116 -8.01%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Shandong Huatai Paper Industry Shareholding Co.,Ltd Research and Development Expenses
Year Research and Development Expenses Growth
1997 0
1998 0 0%
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 3.793.683 100%
2011 2.175.334 -74.4%
2012 742.923 -192.81%
2013 3.724.129 80.05%
2014 35.020.464 89.37%
2015 48.619.011 27.97%
2016 71.388.111 31.89%
2017 72.519.017 1.56%
2018 141.200.778 48.64%
2019 170.508.734 17.19%
2020 254.492.199 33%
2021 348.197.773 26.91%
2022 333.254.794 -4.48%
2023 347.684.256 4.15%
2023 265.405.112 -31%
2024 331.699.392 19.99%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Shandong Huatai Paper Industry Shareholding Co.,Ltd General and Administrative Expenses
Year General and Administrative Expenses Growth
1997 61.873.912
1998 23.918.269 -158.69%
1999 34.496.876 30.67%
2000 24.097.842 -43.15%
2001 38.174.200 36.87%
2002 58.795.500 35.07%
2003 71.115.314 17.32%
2004 72.648.445 2.11%
2005 136.693.894 46.85%
2006 156.512.428 12.66%
2007 166.350.094 5.91%
2008 260.900.411 36.24%
2009 255.006.976 -2.31%
2010 62.977.547 -304.92%
2011 64.998.306 3.11%
2012 74.414.474 12.65%
2013 70.496.969 -5.56%
2014 62.216.160 -13.31%
2015 53.472.136 -16.35%
2016 77.197.532 30.73%
2017 86.337.480 10.59%
2018 71.972.617 -19.96%
2019 68.605.165 -4.91%
2020 63.016.965 -8.87%
2021 72.857.926 13.51%
2022 71.126.940 -2.43%
2023 1.598.396.575 95.55%
2023 70.420.418 -2169.79%
2024 -321.279.944 121.92%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Shandong Huatai Paper Industry Shareholding Co.,Ltd EBITDA
Year EBITDA Growth
1997 57.796.749
1998 81.041.883 28.68%
1999 124.408.381 34.86%
2000 137.619.414 9.6%
2001 195.208.199 29.5%
2002 381.262.952 48.8%
2003 471.856.002 19.2%
2004 618.937.012 23.76%
2005 745.791.948 17.01%
2006 987.413.730 24.47%
2007 1.479.119.506 33.24%
2008 1.295.805.796 -14.15%
2009 974.028.131 -33.04%
2010 1.156.010.866 15.74%
2011 1.523.432.222 24.12%
2012 1.689.783.451 9.84%
2013 1.678.758.835 -0.66%
2014 1.689.450.607 0.63%
2015 1.672.788.451 -1%
2016 1.735.715.548 3.63%
2017 2.156.974.652 19.53%
2018 2.070.339.456 -4.18%
2019 1.794.130.463 -15.4%
2020 1.942.293.073 7.63%
2021 2.096.989.060 7.38%
2022 1.610.304.811 -30.22%
2023 175.919.414 -815.37%
2023 1.075.508.339 83.64%
2024 1.242.080.400 13.41%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Shandong Huatai Paper Industry Shareholding Co.,Ltd Gross Profit
Year Gross Profit Growth
1997 127.935.923
1998 114.665.567 -11.57%
1999 151.863.528 24.49%
2000 179.523.822 15.41%
2001 197.070.570 8.9%
2002 389.617.150 49.42%
2003 453.321.025 14.05%
2004 639.878.251 29.16%
2005 726.439.104 11.92%
2006 797.456.967 8.91%
2007 1.250.885.823 36.25%
2008 1.131.216.974 -10.58%
2009 861.152.586 -31.36%
2010 824.074.981 -4.5%
2011 1.148.818.406 28.27%
2012 1.249.459.605 8.05%
2013 1.250.737.004 0.1%
2014 1.272.411.553 1.7%
2015 1.233.490.947 -3.16%
2016 1.429.546.065 13.71%
2017 2.193.782.537 34.84%
2018 2.176.335.606 -0.8%
2019 1.906.439.693 -14.16%
2020 1.716.426.762 -11.07%
2021 1.970.995.991 12.92%
2022 1.519.327.452 -29.73%
2023 1.041.933.121 -45.82%
2023 980.278.822 -6.29%
2024 983.402.520 0.32%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Shandong Huatai Paper Industry Shareholding Co.,Ltd Net Profit
Year Net Profit Growth
1997 46.786.317
1998 63.593.692 26.43%
1999 70.408.879 9.68%
2000 87.821.948 19.83%
2001 114.240.984 23.13%
2002 190.099.673 39.9%
2003 225.884.038 15.84%
2004 270.978.267 16.64%
2005 332.428.711 18.49%
2006 398.781.355 16.64%
2007 496.296.992 19.65%
2008 364.636.212 -36.11%
2009 1.094.851.834 66.7%
2010 92.456.789 -1084.18%
2011 82.391.617 -12.22%
2012 61.278.843 -34.45%
2013 59.466.874 -3.05%
2014 60.119.575 1.09%
2015 64.574.917 6.9%
2016 182.034.922 64.53%
2017 673.681.608 72.98%
2018 719.065.722 6.31%
2019 680.202.187 -5.71%
2020 696.447.623 2.33%
2021 808.026.228 13.81%
2022 427.026.495 -89.22%
2023 222.433.081 -91.98%
2023 237.136.044 6.2%
2024 281.784.388 15.84%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Shandong Huatai Paper Industry Shareholding Co.,Ltd Earning per Share (EPS)
Year Earning per Share (EPS) Growth
1997 0
1998 0 0%
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 1 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2023 0 0%
2024 0 0%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Shandong Huatai Paper Industry Shareholding Co.,Ltd Free Cashflow
Year Free Cashflow Growth
1999 -68.932.025
2000 -329.542.842 79.08%
2001 -535.537.380 38.47%
2002 -421.501.835 -27.05%
2003 -269.568.450 -56.36%
2004 132.377.400 303.64%
2005 -1.105.285.219 111.98%
2006 -807.073.137 -36.95%
2007 760.839.960 206.08%
2008 -339.444.625 324.14%
2009 -501.202.283 32.27%
2010 -2.454.030.469 79.58%
2011 -710.774.572 -245.26%
2012 556.864.031 227.64%
2013 1.194.056.934 53.36%
2014 734.678.160 -62.53%
2015 1.447.005.695 49.23%
2016 1.578.303.349 8.32%
2017 2.046.798.883 22.89%
2018 661.947.487 -209.21%
2019 1.476.385.616 55.16%
2020 1.698.765.369 13.09%
2021 1.084.894.843 -56.58%
2022 20.117.272 -5292.85%
2023 -500.452.433 104.02%
2023 153.948.702 425.08%
2024 -776.657.912 119.82%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Shandong Huatai Paper Industry Shareholding Co.,Ltd Operating Cashflow
Year Operating Cashflow Growth
1999 99.481.948
2000 37.584.556 -164.69%
2001 53.450.063 29.68%
2002 386.960.508 86.19%
2003 121.598.668 -218.23%
2004 624.886.564 80.54%
2005 656.773.807 4.86%
2006 1.049.680.569 37.43%
2007 1.006.536.941 -4.29%
2008 615.563.536 -63.51%
2009 996.742.219 38.24%
2010 315.521.411 -215.9%
2011 1.091.850.957 71.1%
2012 1.429.228.977 23.61%
2013 1.696.906.176 15.77%
2014 1.213.028.837 -39.89%
2015 1.834.759.222 33.89%
2016 1.790.664.985 -2.46%
2017 2.348.962.446 23.77%
2018 1.397.513.039 -68.08%
2019 2.356.437.690 40.69%
2020 2.486.917.728 5.25%
2021 1.741.519.129 -42.8%
2022 853.395.165 -104.07%
2023 586.709.714 -45.45%
2023 486.238.534 -20.66%
2024 -306.909.031 258.43%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Shandong Huatai Paper Industry Shareholding Co.,Ltd Capital Expenditure
Year Capital Expenditure Growth
1999 168.413.973
2000 367.127.398 54.13%
2001 588.987.443 37.67%
2002 808.462.343 27.15%
2003 391.167.118 -106.68%
2004 492.509.164 20.58%
2005 1.762.059.026 72.05%
2006 1.856.753.706 5.1%
2007 245.696.980 -655.71%
2008 955.008.161 74.27%
2009 1.497.944.502 36.25%
2010 2.769.551.880 45.91%
2011 1.802.625.529 -53.64%
2012 872.364.946 -106.64%
2013 502.849.241 -73.48%
2014 478.350.677 -5.12%
2015 387.753.526 -23.36%
2016 212.361.635 -82.59%
2017 302.163.563 29.72%
2018 735.565.551 58.92%
2019 880.052.074 16.42%
2020 788.152.359 -11.66%
2021 656.624.286 -20.03%
2022 833.277.892 21.2%
2023 1.087.162.147 23.35%
2023 332.289.832 -227.17%
2024 469.748.881 29.26%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Shandong Huatai Paper Industry Shareholding Co.,Ltd Equity
Year Equity Growth
1997 203.698.440
1998 286.573.647 28.92%
1999 325.378.956 11.93%
2000 1.434.069.568 77.31%
2001 1.537.851.472 6.75%
2002 1.722.648.510 10.73%
2003 2.053.704.788 16.12%
2004 2.270.022.558 9.53%
2005 2.522.334.876 10%
2006 2.821.343.954 10.6%
2007 3.787.951.298 25.52%
2008 4.016.569.525 5.69%
2009 6.350.235.124 36.75%
2010 6.397.120.563 0.73%
2011 6.472.159.151 1.16%
2012 6.463.357.053 -0.14%
2013 6.495.402.608 0.49%
2014 6.519.595.996 0.37%
2015 6.550.727.539 0.48%
2016 6.719.714.275 2.51%
2017 7.360.759.046 8.71%
2018 7.894.595.275 6.76%
2019 8.394.296.762 5.95%
2020 8.852.038.347 5.17%
2021 9.431.505.275 6.14%
2022 9.103.275.771 -3.61%
2023 9.302.563.507 2.14%
2023 9.262.873.052 -0.43%
2024 9.333.125.176 0.75%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Shandong Huatai Paper Industry Shareholding Co.,Ltd Assets
Year Assets Growth
1997 682.890.432
1998 736.239.578 7.25%
1999 971.365.716 24.21%
2000 2.371.376.196 59.04%
2001 2.636.332.274 10.05%
2002 2.752.480.555 4.22%
2003 3.382.597.405 18.63%
2004 3.921.847.730 13.75%
2005 6.020.418.269 34.86%
2006 7.915.077.972 23.94%
2007 9.167.805.794 13.66%
2008 9.822.367.506 6.66%
2009 12.870.378.668 23.68%
2010 15.335.769.378 16.08%
2011 17.633.950.858 13.03%
2012 16.999.142.636 -3.73%
2013 16.466.538.858 -3.23%
2014 17.066.005.496 3.51%
2015 16.032.198.404 -6.45%
2016 14.893.259.936 -7.65%
2017 14.271.765.811 -4.35%
2018 14.072.870.309 -1.41%
2019 13.701.966.292 -2.71%
2020 14.904.255.702 8.07%
2021 16.184.084.579 7.91%
2022 15.411.094.584 -5.02%
2023 15.238.537.992 -1.13%
2023 15.413.457.660 1.13%
2024 15.514.293.618 0.65%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Shandong Huatai Paper Industry Shareholding Co.,Ltd Liabilities
Year Liabilities Growth
1997 479.191.991
1998 449.665.929 -6.57%
1999 645.986.760 30.39%
2000 937.306.627 31.08%
2001 1.098.480.802 14.67%
2002 1.029.832.044 -6.67%
2003 1.328.892.616 22.5%
2004 1.651.825.171 19.55%
2005 3.498.083.392 52.78%
2006 5.093.734.017 31.33%
2007 5.379.854.495 5.32%
2008 5.805.797.980 7.34%
2009 6.520.143.544 10.96%
2010 8.938.648.815 27.06%
2011 11.161.791.706 19.92%
2012 10.535.785.581 -5.94%
2013 9.971.136.249 -5.66%
2014 10.546.409.499 5.45%
2015 9.481.470.865 -11.23%
2016 8.173.545.659 -16%
2017 6.911.006.764 -18.27%
2018 6.178.275.033 -11.86%
2019 5.307.669.530 -16.4%
2020 6.052.217.354 12.3%
2021 6.752.579.302 10.37%
2022 6.307.818.813 -7.05%
2023 5.935.974.484 -6.26%
2023 6.150.584.608 3.49%
2024 6.084.416.879 -1.09%

Shandong Huatai Paper Industry Shareholding Co.,Ltd Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
8.74
Net Income per Share
0.17
Price to Earning Ratio
23.04x
Price To Sales Ratio
0.45x
POCF Ratio
10.69
PFCF Ratio
-6.24
Price to Book Ratio
0.63
EV to Sales
0.58
EV Over EBITDA
21.6
EV to Operating CashFlow
13.81
EV to FreeCashFlow
-8.06
Earnings Yield
0.04
FreeCashFlow Yield
-0.16
Market Cap
5,82 Bil.
Enterprise Value
7,52 Bil.
Graham Number
4.87
Graham NetNet
-0.75

Income Statement Metrics

Net Income per Share
0.17
Income Quality
2.16
ROE
0.03
Return On Assets
0.02
Return On Capital Employed
0.03
Net Income per EBT
0.8
EBT Per Ebit
0.94
Ebit per Revenue
0.03
Effective Tax Rate
0.11

Margins

Sales, General, & Administrative to Revenue
0.01
Research & Developement to Revenue
0.02
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.06
Operating Profit Margin
0.03
Pretax Profit Margin
0.02
Net Profit Margin
0.02

Dividends

Dividend Yield
0.01
Dividend Yield %
1.23
Payout Ratio
0.61
Dividend Per Share
0.05

Operating Metrics

Operating Cashflow per Share
0.36
Free CashFlow per Share
-0.62
Capex to Operating CashFlow
2.71
Capex to Revenue
0.11
Capex to Depreciation
5.9
Return on Invested Capital
0.02
Return on Tangible Assets
0.02
Days Sales Outstanding
71.57
Days Payables Outstanding
48.99
Days of Inventory on Hand
61.8
Receivables Turnover
5.1
Payables Turnover
7.45
Inventory Turnover
5.91
Capex per Share
0.99

Balance Sheet

Cash per Share
1,35
Book Value per Share
6,32
Tangible Book Value per Share
5.91
Shareholders Equity per Share
6.23
Interest Debt per Share
2.53
Debt to Equity
0.4
Debt to Assets
0.24
Net Debt to EBITDA
4.88
Current Ratio
1.44
Tangible Asset Value
8,82 Bil.
Net Current Asset Value
0,77 Bil.
Invested Capital
10084404669
Working Capital
2,11 Bil.
Intangibles to Total Assets
0.04
Average Receivables
2,78 Bil.
Average Payables
2,16 Bil.
Average Inventory
1840574736
Debt to Market Cap
0.63

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Shandong Huatai Paper Industry Shareholding Co.,Ltd Dividends
Year Dividends Growth
2001 0
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2024 0 0%

Shandong Huatai Paper Industry Shareholding Co.,Ltd Profile

About Shandong Huatai Paper Industry Shareholding Co.,Ltd

Shandong Huatai Paper Industry Shareholding Co.,Ltd engages in the manufacture and sale of paper products in China. Its paper products include newsprint, cultural paper, art paper, and packaging paper. The company also provides caustic soda, liquid chlorine, hydrogen peroxide, and propylene oxide. Shandong Huatai Paper Industry Shareholding Co.,Ltd also exports its products to Europe, Americas, Southeast Asia, South Korea, India, and internationally. The company was formerly known as Shandong Huatai Paper Co., LTD. The company was founded in 1993 and is headquartered in Dongying, China.

CEO
Mr. Wen Guang Wei
Employee
5.487
Address
Dawang Town
Dongying, 257335

Shandong Huatai Paper Industry Shareholding Co.,Ltd Executives & BODs

Shandong Huatai Paper Industry Shareholding Co.,Ltd Executives & BODs
# Name Age
1 Mr. Ying Xiang Ren
Deputy GM & Secretary of the board
70
2 Mr. Wen Guang Wei
Vice Chairman & GM
70
3 Mr. Guo Ying Chen
Financial Director
70
4 Mr. Li Jun Wei
Deputy GM & Director
70

Shandong Huatai Paper Industry Shareholding Co.,Ltd Competitors