Lee and Man Paper Manufacturing Limited

2314
Failed

Company Overview

Lee & Man Paper Co., Ltd. (“Lee & Man Paper”) was established in 1994 and has grown from a small company to one of the world's leading producers of boxboard base paper and pulp. The Group was listed on the main board of the Hong Kong Stock Exchange on September 26, 2003 (stock code: 02314). The Group mainly produces kraft box board paper and corrugated paper of different grades and specifications to meet the packaging needs of different industries. Over the past few years, we have been working to expand the scale and develop a vertical business model covering pulping and waste paper recycling to ensure a stable supply of raw materials. The Group currently has 5 factories in China, strategically located in Huangyong, Dongguan, Hongmei, Guangdong, Changshu, Jiangsu, Yongchuan, Chongqing, and Jiujiang, Jiangxi. In addition, the Group will also have production facilities in Vietnam. The Group continuously invests resources in setting up advanced machines and research and development work to produce the best quality and affordable products. Since its development, we have become a multinational enterprise with an annual production capacity of over 7.165 million tons (of which: packaging paper production capacity is about 6.26 million tons, pulp production capacity is about 180,000 tons, and annual toilet paper production capacity is about 725,000 tons). In addition to striving for effective business, Rikbun Paper also strives to fulfill its social responsibilities, particularly in protecting the environment. Therefore, the Group has invested resources and implemented appropriate environmental protection measures, which are well recognized by society. At the same time, the Group's plant has received numerous international certifications for quality and environmental management.

Country
HK
Market Cap
$1.26B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
0.08% passed
5% Threshold
0.1%
Liabilities Compliance
196.00% failed
33% Threshold
196.0%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name Lee and Man Paper Manufacturing Limited
Ticker 2314
Main Business Paper & Paper Products
Type Common Stock
Industry Paper & Paper Products
Country HK
Market Cap $1.26 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Revenue $24,937.1 $0.0 -
Interest income $19.2 $19.2 -
Total $24,956.3 $19.2 0.08% (passed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
bank loans and overdrafts $902,564,102.6 71.49%
long term bank loan $1,571,794,871.8 124.50%
Total Interest-Bearing Debt $2,474,358,974.4 196.00%
Market Capitalization $1,262,435,897.4 100.00%
Compliance Status Threshold: 33% failed