Nine Dragons Paper (Holdings) Limited (2689.HK) stock price, financials & research

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Company profile

Nine Dragons Paper (Holdings) Limited, together with its affiliated companies, operates primarily within the People's Republic of China, where it manufactures and markets a diverse array of paper and pulp goods. The company's core offerings span packaging paper, recycled printing and writing paper, specialty papers, and various pulp products. Its extensive range of packaging materials includes different types of linerboard, such as kraft, test, white top, and coated varieties; corrugating medium containerboard; corrugated cardboard; carton boxes; corrugated sheets; and coated duplex boards. Beyond packaging, the firm also provides recycled printing and writing papers, notably uncoated wood-free and office paper. Its specialized paper products encompass capacitor tissue paper and a selection of insulating papers for transformers, including low, high, and ultra-high voltage grades, as well as heat-resistant options. Additionally, it produces recycled and kraft pulp. While its main operations are in China, Nine Dragons Paper also distributes its merchandise internationally, reaching markets in Vietnam, Malaysia, and the United States. Founded in 1995, the company's corporate headquarters are located in Dongguan, People's Republic of China. Nine Dragons Paper (Holdings) Limited functions as a subsidiary of Best Result Holdings Limited.

Industry: Paper, Lumber & Forest Products
Sector: Basic Materials
Headquarters: CN
CEO: Ming Chung Liu
Listed since: Mar 3, 2006
Employees: 27,453

Market position

Day range

Current HK$7.055

HK$6.73HK$7.075

52-week range

Current HK$7.055

HK$5.10HK$9.97

Open: HK$6.83
Previous close: HK$6.835
Volume: 13.02M; 0.9× average
Average volume: 14.47M; Average daily volume
Market cap: 33.1B HKD
Beta: 1.26; Market reference 1
50-day average: HK$7.4133; -4.83% below average
200-day average: HK$7.1003; -0.64% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM): 8.4×
P/B (TTM): 0.64×
P/S (TTM): 0.42×
Dividend yield: 0.00%

Profitability & efficiency

Gross margin: 14.03%
Operating margin: 8.58%
Net margin: 5.47%

Financial health

Debt / equity: 1.75×
Altman Z-score: 1.66
Piotroski F-score: 6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

63.24B CNY+6.29%

Operating income

3.94B CNY+48.83%

Net income

2.17B CNY+180.64%

Metric (CNY)	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	63.24B CNY	59.5B CNY	56.74B CNY	64.54B CNY	61.57B CNY
Cost of goods sold	56B CNY	53.78B CNY	55.21B CNY	57.55B CNY	49.88B CNY
Gross profit	7.25B CNY	5.71B CNY	1.53B CNY	6.99B CNY	11.69B CNY
Selling, general, and administrative	4.89B CNY	4.49B CNY	4.7B CNY	4.28B CNY	3.88B CNY
Operating expenses	3.31B CNY	3.07B CNY	3.13B CNY	3.4B CNY	3.15B CNY
Interest income	147.3M CNY	69.09M CNY	162.11M CNY	187.62M CNY	123.54M CNY
Interest expense	1.69B CNY	1.5B CNY	1.12B CNY	768.21M CNY	617.88M CNY
Depreciation and amortization	3.32B CNY	3.43B CNY	3.78B CNY	2.96B CNY	2.75B CNY
Operating income	3.94B CNY	2.65B CNY	−1.6B CNY	3.59B CNY	8.54B CNY
Net income	2.17B CNY	772.35M CNY	−2.38B CNY	3.28B CNY	7.1B CNY