Nine Dragons Paper posts sharp profit rebound on rising sales and margins

The latest update is out from Nine Dragons Paper Holdings ( (HK:2689) ).

Nine Dragons Paper reported a strong turnaround for the six months ended 31 December 2025, with sales volumes rising 8.3% to about 12.4 million tonnes and revenue up 11.2% to RMB37.22 billion. The group’s gross profit surged 67.4% to RMB5.35 billion, reflecting improved margins despite higher selling and marketing costs and administrative expenses.

Net profit soared 225.1% to RMB2.21 billion, driven by higher operating profit and contributions from associates and a joint venture, while finance costs remained largely stable. Profit attributable to equity holders jumped 318.8% to RMB1.97 billion and earnings per share climbed 320% to RMB0.42, underscoring a substantial recovery in profitability that strengthens the company’s financial position and may bolster investor confidence in its operational resilience.

The most recent analyst rating on (HK:2689) stock is a Hold with a HK$6.00 price target. To see the full list of analyst forecasts on Nine Dragons Paper Holdings stock, see the HK:2689 Stock Forecast page.

More about Nine Dragons Paper Holdings

Nine Dragons Paper (Holdings) Limited is a Hong Kong-listed manufacturer in the paper and packaging industry, focused on producing a wide range of paper products including containerboard and related packaging materials. The group operates large-scale facilities, with sales volumes measured in millions of tonnes, serving both domestic and international markets.

Average Trading Volume: 14,347,347

Technical Sentiment Signal: Buy

Current Market Cap: HK$44.86B

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