Zhejiang Jingxing Paper

What Zhejiang Jingxing Paper does

Zhejiang Jingxing Paper Joint Stock Co., Ltd. (浙江景兴纸业股份有限公司) is a publicly listed Chinese paper manufacturer founded in 1984 and headquartered in Pinghu, Zhejiang Province, in the Yangtze River Delta near Shanghai. Listed on the Shenzhen Stock Exchange under ticker 002067 since September 15, 2006, with registered capital of 1,474,853,853 RMB, the company operates approximately 2,500+ employees across multiple wholly-owned subsidiaries covering paper manufacturing, packaging materials, and logistics. The company is positioned as one of China's largest specialized kraft linerboard manufacturers, serving industrial packaging customers in pharmaceutical, food, electronics, chemical, and automotive sectors through a B2B direct sales model.

The company's product portfolio spans two main categories. Industrial paper products include kraft linerboard (grades AA, S, U, F, R at 120-300g/m²), white-faced kraft linerboard (250,000 tons/year on Paper Machine #15 at 800m/min), high-strength corrugated base paper (80-180g/m² exceeding GB/T13023-2008 standards), and specialty bobbin base paper (300-500g/m²). Consumer products include household tissue paper under the 品萱 (Pin Xuan) brand, featuring both virgin wood/bamboo pulp and recycled/deinked environmental variants. The company operates 5 international advanced packaging paper production lines and 5 tissue paper production lines, with the latest TM7 line (launched 2026-05) representing China's first domestic long-net multi-cylinder wet-creping tissue machine using 100% recycled fiber. The company also produces finished corrugated boards and cartons (3-layer, 5-layer, 7-layer configurations) and holds ISO 9001, ISO 14001, and export/hazardous goods packaging Class A certifications.

The business model is primarily B2B direct sales with quoted/negotiated pricing on multi-year contracts for industrial paper, complemented by a consumer-facing WeChat mini-store for 品萱 tissue products. End markets include corrugated box manufacturers, paper packaging converters, and export-oriented enterprises. The company has invested heavily in environmental sustainability and recycled fiber capabilities, with cumulative capacity additions exceeding 500,000 tons across 2022-2026, while maintaining a strong ESG profile with nearly 100 million RMB in cumulative charitable donations since 1984.

Name

Zhejiang Jingxing Paper

Legal name

浙江景兴纸业股份有限公司

Website

https://zjjxjt.com

Company type

Public

Founded year

1984

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Zhejiang Jingxing Paper (002067.SZ) is a Chinese publicly listed paper manufacturer specializing in kraft linerboard, white-faced kraft linerboard, corrugated medium, and consumer tissue paper. Founded 1984, the company serves industrial packaging customers across pharmaceutical, food, electronics, chemical, and automotive sectors via B2B direct sales.

Ownership category

akta.pro rank

Product category

Industrial Paper Manufacturing

NAICS

Paper Mills (32212), Paperboard Mills (32213), Corrugated and Solid Fiber Box Manufacturing (322211), Sanitary Paper Product Manufacturing (322291)

SIC

Paper Mills (2621), Paperboard Mills (2631), Paperboard Containers & Boxes (2650)

akta.pro industry

PRIMARYIMALACAA

Corrugated Packaging (Boxes, Sheets, Pads)

Industrials, Manufacturing & Construction/Packaging & Containers/Paper & Paperboard Packaging (Cartons, Corrugated, Folding Boxboard)

SECONDARYCRAJAFAJ

Specialty Household Paper (Recycled, Bamboo, Premium/Ultra-soft)

Consumer Products & Retail/Household Products & Cleaning Supplies/Household Paper Products

SECONDARYIMAMAEAG

Colored, Art & Premium Paper Manufacturing

Industrials, Manufacturing & Construction/Paper & Forest Products/Paper Manufacturing (Printing/Writing, Newsprint, Specialty)

Keywords

• Kraft linerboard paper
• Industrial packaging paper
• Corrugated base paper
• Household tissue paper
• Recycled fiber paper

Headquarters

HQ city

Pinghu

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Industrial Paper Products Sales: Manufacture and sale of industrial paper products including kraft linerboard, white-faced kraft linerboard, high-strength corrugated medium, and bobbin base paper to packaging and manufacturing enterprises. B2B sales model with long-term supply contracts.
2. Household/Tissue Paper Products: Production and sale of household tissue paper products under the '品萱' brand, including tissue paper, hand towels, and environmental tissue papers. Targets end consumers and retail channels.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Zhejiang Jingxing Paper manufactures and sells industrial paper products including kraft linerboard, white-faced kraft linerboard, high-strength corrugated base paper, and bobbin base paper for B2B packaging manufacturers, corrugated box producers, and export enterprises. It also produces consumer household tissue paper under the Pin Xuan (品萱) brand, including virgin pulp and recycled environmental variants, and finished corrugated boards/cartons for packaging applications.

Product overview

Zhejiang Jingxing Paper is a large-scale paper manufacturing enterprise producing industrial paper products and consumer household paper. The product portfolio centers on kraftlinerboard and corrugated base paper as core industrial offerings, complemented by specialty bobbin base paper. Consumer products include household tissue papers available in both raw pulp (virgin wood/bamboo) and environmental (recycled/deinked) variants. The company also manufactures finished corrugated boards and cartons for packaging applications. Production facilities include 5 international-standard packaging paper production lines and 5 household paper production lines, with TM7 representing their latest advanced environmental household paper technology.

Differentiator

Problem solved

Functional benefit

Brands

• 品萱 (Pin Xuan): Environmental tissue and household paper brand producing products such as tissue paper, wet wipes, and other household paper products.
• 景兴

Products and services

• Kraft Board Paper (牛皮箱板纸) Professional kraft linerboard paper with high strength and superior surface performance, suitable for various speed cardboard and carton production lines. Available in AA, S, U, F, R grades with basis weights ranging from 120-300g/m². Targeted at paper packaging manufacturers, corrugated box producers, and industrial packaging enterprises.
• White-faced Kraft Linerboard (白面牛卡纸) High-end white-faced kraft linerboard produced on international advanced equipment (Paper Machine 15#) operating at 800m/min speed with 250,000 tons annual capacity. Quality fully comparable to imported products used by international packaging and foreign trade companies. Targeted at high-end packaging manufacturers and export-oriented packaging customers.
• Bobbin Base Paper (纱管原纸) Specialty paper for industrial paper tubes, chemical fiber tubes, textile bobbins, and plastic film tubes. Available in 300, 360, 420, 500g/m² basis weights. Certified with CTI environmental testing and ISO 9001/ISO 14001 quality system certifications. Targeted at industrial tube and bobbin manufacturers.
• High-strength Corrugated Base Paper (高强度瓦楞原纸) High-strength corrugated base paper with advanced domestic production technology and equipment. Products in 80-180g/m² basis weight range exceed GB/T13023-2008 standards and are recognized as quality substitute for imported products. Targeted at corrugated board and carton manufacturers.
• Household Tissue Raw Pulp Paper (生活用纸原浆纸) Household tissue paper produced from virgin wood pulp or custom bamboo pulp. Features soft texture, strong absorption, natural antibacterial properties (bamboo variant), no fluorescent whitening agents. Products include napkins, hand towels, facial tissues, moisturizing paper, absorbent backing paper, toilet paper, and lotion-coated paper in 10.5-40g/m² range. Sold under the Pin Xuan (品萱) brand to consumers.
• Environmental Household Tissue Paper (生活用纸环保纸) Environmental household tissue paper featuring deinked white environmental paper and customizable natural-colored paper. Basis weights 13-38g/m². Products include hand towels and toilet paper. Made with renewable materials and clean processes; white paper is deinked for safety, natural paper is unbleached for health. Sold under the Pin Xuan (品萱) brand to consumers via WeChat mini-store.
• Corrugated Board and Carton (瓦楞纸板、纸箱) Corrugated boards and cartons in three-layer, five-layer, and seven-layer configurations. The largest professional corrugated packaging materials enterprise in northern Zhejiang Province. Products serve pharmaceutical, food, electronics, chemical, and automotive industries. Targeted at industrial packaging customers requiring export-quality or hazardous goods-certified packaging.

Quantifiable outcome

• TM7 production line achieves leading industry levels in water consumption per ton and fiber loss rate
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• 深圳3A企业管理咨询公司supportingImplementation/ SI/ Consulting PartnerExternal lean management consulting partner providing guidance on the company's TPM (Total Productive Maintenance) lean management program. 3A company project director 武庆生 participated in the company's Phase 6 TPM summary and Phase 7 full lean kickoff meeting.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• C&S Paper Co., Ltd. Leading Chinese consumer tissue manufacturer (002511.SZ) and competitor to Jingxing's Pin Xuan tissue brand. Comparable in household/tissue end-market, though Jingxing's tissue scale is materially smaller.
• Shandong Sun Paper Industry Co., Ltd. Large integrated Chinese paper manufacturer (002078.SZ) producing containerboard, printing/writing paper, and pulp. Directly comparable in scale and product overlap with Jingxing's kraft linerboard and corrugated operations.
• Vinda International Holdings Limited: Hong Kong-listed tissue major (3331.HK) with broad China consumer tissue footprint. Direct competitor for the recycled and virgin-fiber household tissue SKUs that Jingxing produces under Pin Xuan.
• Shandong Bohui Paper Co., Ltd. A-share listed paperboard producer (600966.SH) focused on coated/uncoated paperboard and containerboard. Competes with Jingxing in industrial paperboard grades serving packaging converters.
• Gold East Paper (Jiangsu) Co., Ltd. Major Chinese coated and uncoated paperboard manufacturer serving packaging end markets. Competes with Jingxing in coated/uncoated paperboard grades used by packaging customers in pharmaceutical, food, and consumer goods.
• Nine Dragons Paper Holdings Limited: China's largest containerboard/kraft linerboard producer, listed in Hong Kong (2689.HK). Directly competes with Jingxing in kraft linerboard and corrugated medium grades for downstream packaging converters and integrated box makers.
• Yueyang Forest & Paper Co., Ltd. A-share listed integrated forest and paper producer (600963.SH) with kraft linerboard and pulp operations. Closely comparable product mix and customer base in Chinese industrial packaging markets.
• Lee & Man Paper Manufacturing Limited: Major Hong Kong-listed kraft linerboard and containerboard producer (2314.HK). Competes head-to-head with Jingxing in kraft linerboard and tissue, with similar multi-line, multi-grade production strategies.

Regional players

• Yibin Paper Industry Co., Ltd. A-share listed paper producer (600793.SH) operating primarily in southwest China with food packaging and specialty paper grades. Comparable in paperboard and packaging substrates but geographically distant from Jingxing's Yangtze River Delta base.

Emerging players

• MCC Meili Paper Industry Co., Ltd. A-share listed paper manufacturer (000815.SZ) producing household tissue and printing/writing paper. Overlaps with Jingxing's tissue and specialty paper lines but operates at smaller scale with different geographic focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/zhejiang-jingxing-paper-joint-stock-co-ltd-

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Zhejiang Jingxing Paper