Nine Dragons Paper (Holdings) (2689.HK) Stock Price

Nine Dragons Paper (Holdings) Price

🇭🇰HKEX·CLOSED
5.91CNY
Market closed
Today +/-
Today %

Nine Dragons Paper (Holdings) (2689.HK) Stock | ISIN BMG653181005 | WKN A0JDLB. The current Nine Dragons Paper (Holdings) stock price is 5.91 CNY (2026). Revenue is 71.91 B CNY. Net income is 2.93 B CNY. The P/E ratio is 9.46. Market capitalization is 27.75 B CNY. Nine Dragons Paper (Holdings) operates in the Commodities sector.

Over the last 19 years Nine Dragons Paper (Holdings) grew revenue by 11.6% annually, reaching 63.24 B CNY. Earnings per share have declined at 0.4% per year over the last 19 years. For Nine Dragons Paper (Holdings), the net margin of 2.8% is down versus 11.5% a few years ago. At today's price the dividend yield works out to roughly 0.38%. The payout ratio is around 31% of earnings.

Nine Dragons Paper (Holdings) stock price

Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Nine Dragons Paper (Holdings) over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Nine Dragons Paper (Holdings) stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Nine Dragons Paper (Holdings)'s price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Nine Dragons Paper (Holdings) Stock Price History
DateNine Dragons Paper (Holdings) Price
Access this data via the Eulerpool API

Nine Dragons Paper (Holdings) Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2006
7.9 B CNY
1.64 B CNY
1.38 B CNY
Jan 1, 2007
9.84 B CNY
2.19 B CNY
2 B CNY
Jan 1, 2008
14.11 B CNY
2.16 B CNY
1.88 B CNY
Jan 1, 2009
13.13 B CNY
1.77 B CNY
1.66 B CNY
Jan 1, 2010
17.95 B CNY
3.12 B CNY
2.17 B CNY
Jan 1, 2011
24.39 B CNY
3.19 B CNY
1.97 B CNY
Jan 1, 2012
27.17 B CNY
3.13 B CNY
1.42 B CNY
Jan 1, 2013
28.74 B CNY
3.34 B CNY
1.56 B CNY
Jan 1, 2014
28.93 B CNY
3.6 B CNY
1.76 B CNY
Jan 1, 2015
30.09 B CNY
3.27 B CNY
1.41 B CNY
Jan 1, 2016
32.09 B CNY
4.67 B CNY
1.12 B CNY
Jan 1, 2017
39.15 B CNY
6.83 B CNY
4.38 B CNY
Jan 1, 2018
52.78 B CNY
10.52 B CNY
7.85 B CNY
Jan 1, 2019
54.61 B CNY
5.91 B CNY
3.88 B CNY
Jan 1, 2020
51.34 B CNY
6.21 B CNY
4.17 B CNY

Nine Dragons Paper (Holdings) Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 20, 2026, 12:41 PM
 
REVENUE (B CNY)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B CNY)
NET INCOME (B CNY)
NET INCOME GROWTH (%)
DIV. (CNY)
DIV. GROWTH (%)
SHARES (B)
DOCUMENTS
202120222023202420252026e2027e2028e
61.5764.5456.7459.563.2471.9175.2377.56
19.934.81-12.084.866.2913.724.613.1
18.9910.832.79.611.4610.079.639.34
11.696.991.535.717.257.257.257.25
7.13.28-2.380.751.772.933.383.81
70.37-53.88-172.76-131.47135.665.9315.4212.47
0.520.120.04--0.170.190.21
44.44-76.92-66.6711.7610.53
4.694.694.694.694.694.694.694.69
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Nine Dragons Paper (Holdings) generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Nine Dragons Paper (Holdings) retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Nine Dragons Paper (Holdings)'s gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Nine Dragons Paper (Holdings) has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Nine Dragons Paper (Holdings)'s historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Nine Dragons Paper (Holdings) stock margins

The Nine Dragons Paper (Holdings) margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Nine Dragons Paper (Holdings). The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Nine Dragons Paper (Holdings).
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2006
23.55 %
20.72 %
17.4 %
Jan 1, 2007
25.71 %
22.29 %
20.36 %
Jan 1, 2008
20.35 %
15.28 %
13.3 %
Jan 1, 2009
17.88 %
13.49 %
12.65 %
Jan 1, 2010
21.8 %
17.39 %
12.07 %
Jan 1, 2011
17.33 %
13.06 %
8.07 %
Jan 1, 2012
15.96 %
11.53 %
5.23 %
Jan 1, 2013
16.03 %
11.62 %
5.43 %
Jan 1, 2014
16.42 %
12.44 %
6.07 %
Jan 1, 2015
15.67 %
10.86 %
4.69 %
Jan 1, 2016
18.26 %
14.55 %
3.5 %
Jan 1, 2017
20.37 %
17.44 %
11.2 %
Jan 1, 2018
21.95 %
19.93 %
14.87 %
Jan 1, 2019
15.59 %
10.82 %
7.1 %
Jan 1, 2020
17.58 %
12.1 %
8.12 %

Nine Dragons Paper (Holdings) Stock Revenue, EBIT, Earnings per Share

The Nine Dragons Paper (Holdings) earnings per share therefore indicates how much revenue Nine Dragons Paper (Holdings) has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2006
2.32 CNY
0.48 CNY
0.4 CNY
Jan 1, 2007
2.31 CNY
0.51 CNY
0.47 CNY
Jan 1, 2008
3.2 CNY
0.49 CNY
0.42 CNY
Jan 1, 2009
3.02 CNY
0.41 CNY
0.38 CNY
Jan 1, 2010
3.93 CNY
0.68 CNY
0.47 CNY
Jan 1, 2011
5.23 CNY
0.68 CNY
0.42 CNY
Jan 1, 2012
5.82 CNY
0.67 CNY
0.3 CNY
Jan 1, 2013
6.16 CNY
0.72 CNY
0.33 CNY
Jan 1, 2014
6.2 CNY
0.77 CNY
0.38 CNY
Jan 1, 2015
6.45 CNY
0.7 CNY
0.3 CNY
Jan 1, 2016
6.88 CNY
1 CNY
0.24 CNY
Jan 1, 2017
8.37 CNY
1.46 CNY
0.94 CNY
Jan 1, 2018
11.27 CNY
2.25 CNY
1.68 CNY
Jan 1, 2019
11.67 CNY
1.26 CNY
0.83 CNY
Jan 1, 2020
10.94 CNY
1.32 CNY
0.89 CNY

Nine Dragons Paper (Holdings) business model & stock analysis

Nine Dragons Paper (Holdings) Ltd is a Chinese company operating in the paper and pulp industry. It was founded in 1995 by Zhang Yin, one of China's wealthiest women. The company is headquartered in Hong Kong. The business model of Nine Dragons Paper (Holdings) Ltd is focused on serving the demand for packaging materials in China and other Asian countries. The company produces a wide range of packaging products, mainly made from recycled paper. These include packaging raw materials, corrugated cardboard, pulp board, gray board, as well as finished packaging such as paper cups and cartons. The company has experienced impressive growth in recent years. In 2018, its revenue exceeded $13 billion, representing an increase of over 20% compared to the previous year. Additionally, Nine Dragons Paper (Holdings) Ltd was recognized as the largest manufacturer of recycled paper in Asia in 2018. The different branches of the company are tailored to the needs of customers and market requirements. These include paper mills that produce recycled paper and processing plants where packaging is manufactured from the paper. Nine Dragons Paper (Holdings) Ltd is also capable of offering a wide range of services related to paper production and processing, such as consulting services on paper manufacturing, efficient use of resources, and waste disposal. In recent years, the company has also begun expanding into other markets. For example, it has acquired stakes in companies in Europe and the USA. The goal of this expansion is to expand the existing business and offer customers an even more comprehensive product portfolio. In addition to the packaging business, Nine Dragons Paper (Holdings) Ltd has also ventured into the office supplies sector. This includes stationery products such as pens, notepads, and folders. This diversification of the business aims to minimize risk and seize new growth opportunities. Overall, Nine Dragons Paper (Holdings) Ltd is an impressive company with a successful business model. Its strong position in the Chinese and Asian markets for packaging materials and office supplies, as well as its growing presence in Europe and the USA, demonstrate that the company has a promising future. Given its positive development in recent years, Nine Dragons Paper (Holdings) Ltd is likely to remain a key player in the paper and pulp industry.

Nine Dragons Paper (Holdings) SWOT Analysis

Strengths

[ { "text": "Leading", "heading": "1." } ]

Nine Dragons Paper (Holdings) Ltd holds a top market position in the paper industry, offering it a competitive advantage over its rivals. This strong market presence enables the company to gain significant market share, attract new customers, and maintain strong relationships with existing ones.

[ { "text": "Strong", "heading": "2." } ]

The company excels in its operational capabilities, including efficient production processes, state-of-the-art manufacturing facilities, and a well-established supply chain network. These strengths contribute to effective cost management, high-quality output, and timely delivery, enhancing customer satisfaction and profitability.

Weaknesses

[ { "text": "Dependence", "heading": "1." } ]

Nine Dragons Paper (Holdings) Ltd heavily relies on the availability and pricing of raw materials like wood pulp and recycled paper. Fluctuations in raw material prices or disruptions in supply chains could impact the company's profitability and operational efficiency.

[ { "text": "Vulnerability", "heading": "2." } ]

As an environmentally sensitive industry, the paper manufacturing sector is subject to stringent regulations and increasing pressure to adopt sustainable practices. Failure to comply with these regulations or adapt to changing environmental standards can result in fines, reputational damage, and potential legal consequences.

Opportunities

[ { "text": "Growing", "heading": "1." } ]

The rising awareness about environmental issues and the increasing demand for sustainable packaging present significant growth opportunities for Nine Dragons Paper (Holdings) Ltd. The company can capitalize on this trend by expanding its eco-friendly packaging solutions and marketing them to environmentally conscious consumers and businesses.

[ { "text": "International", "heading": "2." } ]

The company has the potential to expand its business operations into international markets, leveraging its strong competitive position and operational capabilities. This expansion would allow Nine Dragons Paper (Holdings) Ltd to tap into new customer segments, diversify its revenue streams, and potentially increase its overall profitability.

Threats

[ { "text": "Intense", "heading": "1." } ]

The paper industry is highly competitive with numerous players vying for market share. Intense competition can lead to price wars, reduced profit margins, and constant pressure to innovate and differentiate in order to maintain a competitive edge.

[ { "text": "Economic", "heading": "2." } ]

Fluctuations in the global economy and market conditions can pose risks to Nine Dragons Paper (Holdings) Ltd. Economic downturns, currency fluctuations, and changes in consumer spending patterns can impact the demand for paper products, leading to potential revenue and profitability declines.

Nine Dragons Paper (Holdings) Eulerpool Fair Value

Nine Dragons Paper (Holdings) historical P/E ratio, EBIT multiple, and P/S ratio

Nine Dragons Paper (Holdings) annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Nine Dragons Paper (Holdings) shares outstanding

The number of shares was Nine Dragons Paper (Holdings) in 2025 — This indicates how many shares 4.692 B is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2006
3.4 B base_Shares
Jan 1, 2007
4.26 B base_Shares
Jan 1, 2008
4.42 B base_Shares
Jan 1, 2009
4.35 B base_Shares
Jan 1, 2010
4.57 B base_Shares
Jan 1, 2011
4.67 B base_Shares
Jan 1, 2012
4.67 B base_Shares
Jan 1, 2013
4.66 B base_Shares
Jan 1, 2014
4.67 B base_Shares
Jan 1, 2015
4.67 B base_Shares
Jan 1, 2016
4.67 B base_Shares
Jan 1, 2017
4.68 B base_Shares
Jan 1, 2018
4.68 B base_Shares
Jan 1, 2019
4.68 B base_Shares
Jan 1, 2020
4.69 B base_Shares

Nine Dragons Paper (Holdings) Dividend History

18 years of dividend payments

YearAnnual DividendYoY ChangePayments
20230.02CNY 80.7%
20220.12CNY 77.9%
20210.52CNY 44.8%
20200.36CNY 14.5%
20190.32CNY 45.6%
20180.58CNY 64.9%
20170.35CNY 201.8%
20160.12CNY 44.2%
20150.08CNY 1.3%
20140.08CNY 20.0%

Nine Dragons Paper (Holdings) dividend payout ratio

In 2025, Nine Dragons Paper (Holdings) had a payout ratio of 24.86%. The payout ratio indicates the percentage of the company's profits that Nine Dragons Paper (Holdings) distributes as dividends.
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Payout ratio
Details
Date
Payout ratio
Jan 1, 2006
5.75 %
Jan 1, 2007
24.68 %
Jan 1, 2008
12.33 %
Jan 1, 2009
9.21 %
Jan 1, 2010
25.53 %
Jan 1, 2011
23.81 %
Jan 1, 2012
23.33 %
Jan 1, 2013
30.3 %
Jan 1, 2014
21.05 %
Jan 1, 2015
26.78 %
Jan 1, 2016
48.61 %
Jan 1, 2017
37.61 %
Jan 1, 2018
34.71 %
Jan 1, 2019
38.16 %
Jan 1, 2020
40.74 %
Price targets and forecasts for Nine Dragons Paper (Holdings) are not yet available.

Nine Dragons Paper (Holdings) Earnings Estimates

Nine Dragons Paper (Holdings) Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
2/20/2024-0.06CNY30.5 BCNY2024 Q2
2/20/20230.19CNY35.8 BCNY2023 Q2
9/27/20220.4CNY30.5 BCNY2022 Q4
2/22/20220.54CNY35.16 BCNY2022 Q2
9/27/20210.61CNY28.26 BCNY2021 Q4
2/22/20210.73CNY30.71 BCNY2021 Q2
9/22/20200.3CNY20.45 BCNY2020 Q4
2/24/20200.34CNY28.8 BCNY2020 Q2
9/24/20190.49CNY28.63 BCNY2019 Q4
2/26/20190.52CNY26.63 BCNY2019 Q2

EESG©

Eulerpool ESG Scorecard© for the Nine Dragons Paper (Holdings) stock

46/100
54
Environment
42
Social
42
Governance
E

Environment

20
Scope 1 - Direct Emissions16,228,463
Scope 2 - Indirect emissions from purchased energy769,607
Scope 3 - Indirect emissions within the value chain
Total CO₂ emissions16,998,070
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees11
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Nine Dragons Paper (Holdings) shareholder structure

% Name
63.76767%
Best Result Holdings Ltd.
Best Result Holdings Ltd.
1.92015%
Cheung (Yan)
Cheung (Yan)
1.02017%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
0.73312%
Zhang (Cheng Fei)
Zhang (Cheng Fei)
0.67333%
Liu (Ming Chung)
Liu (Ming Chung)
0.64102%
Dimensional Fund Advisors, L.P.
Dimensional Fund Advisors, L.P.
0.60741%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
0.56321%
Pictet Asset Management Ltd.
Pictet Asset Management Ltd.
0.37108%
China Merchants Fund Management Co. Ltd.
China Merchants Fund Management Co. Ltd.
0.30154%
Lau (Chun Shun)
Lau (Chun Shun)
...

Nine Dragons Paper (Holdings) Executives and Management Board

YC

Ms. Yan Cheung

(67)

Executive Chairlady of the Board · since 2006

Compensation11.43 M CNY
ML

Mr. Ming Chung Liu

(62)

Executive Deputy Chairman of the Board, Chief Executive Officer · since 2006

Compensation10.88 M CNY
CZ

Mr. Cheng Fei Zhang

(56)

Executive Deputy Chairman of the Board and Deputy Chief Executive Officer · since 2006

Compensation8.1 M CNY
CL

Mr. Chun Shun Lau

(43)

Vice President, Executive Director · since 2006

Compensation7.32 M CNY
LK

Mr. Liu Ken

(32)

Executive Deputy Chairman of the Board, Vice President · since 2018

Compensation7.14 M CNY

Frequently asked questions about Nine Dragons Paper (Holdings)

The business model of Nine Dragons Paper (Holdings) Ltd revolves around paper manufacturing and recycling. As one of the largest manufacturers of packaging paperboard and paper products in China, Nine Dragons Paper focuses on producing a wide range of paper products, including linerboard, coated duplex board, and specialty paper. The company operates an integrated production process, covering raw material sourcing, manufacturing, and distribution to cater to both domestic and international markets. Nine Dragons Paper emphasizes sustainability by utilizing recycled paper as raw material, contributing to environmental preservation. With its strong market position and efficient production capabilities, Nine Dragons Paper (Holdings) Ltd is dedicated to meeting the increasing demand for high-quality paper products worldwide.

All fundamentals and in-depth analysis of Nine Dragons Paper (Holdings)

Our stock analysis for Nine Dragons Paper (Holdings) Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Nine Dragons Paper (Holdings) Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.