Nine Dragons Paper (Holdings) Limited

Research Nine Dragons Paper (Holdings) Limited (2689.HK) on Bullrun: market cap HKD 23.67B, P/E 5.9. Explore financials, valuation history, model signals, and stock context.

Key Metrics

Ticker2689.HK
ExchangeHK
CountryChina
SectorBasic Materials
IndustryPaper & Paper Products
CurrencyHKD
Market capHKD 23.67B
P/E5.9
Financial periodFY2025

Valuation Snapshot

latest market cap is HKD 23.67B; P/E is 5.9.

Peer valuation comparison

Latest P/E is 5.94x versus a Basic Materials sector median of 15.25x (61.1% below).

Latest P/E is 5.94x versus a China median of 16.26x (63.5% below).

Five-year financial history

Year	Revenue	Net income	Free cash flow	Gross margin	Diluted EPS	Cash	Total debt	Equity
FY2025	n/a	n/a	n/a	n/a	0.38	n/a	n/a	n/a
FY2024	CNY 59.50B	CNY 750.68M	-CNY 13.61B	9.6%	0.16	CNY 10.56B	CNY 69.03B	CNY 48.01B
FY2023	CNY 56.74B	-CNY 2.38B	-CNY 10.77B	2.7%	-0.51	CNY 10.32B	CNY 56.83B	CNY 44.65B
FY2022	CNY 64.54B	CNY 3.28B	-CNY 9.59B	10.8%	0.7	CNY 9.65B	CNY 44.27B	CNY 47.05B
FY2021	CNY 61.57B	CNY 7.10B	-CNY 3.54B	19.0%	n/a	CNY 10.03B	CNY 34.14B	CNY 45.93B

Valuation history

Year	Snapshot date	Market cap	P/E	Dividend yield	Annual dividend/share
2026	2026-10-18	HKD 23.67B	5.9	n/a	0.1

Dividend history

Latest trailing dividend snapshot: annual dividend/share 0.1 HKD.

Year	Dividends/share
FY2022	0.12 CNY
FY2021	0.06 CNY

About Nine Dragons Paper (Holdings) Limited

Nine Dragons Paper (Holdings) Limited, together with its subsidiaries, manufactures and sells packaging paper, printing and writing paper, and specialty paper products and pulp in the People's Republic of China. The company offers kraft, test, white top, and coated linerboard, as well as bleached folding boxboard; corrugating medium; and coated duplex board, as well as uncoated woodfree paper and office paper.

ETFs that hold Nine Dragons Paper (Holdings) Limited

Nine Dragons Paper (Holdings) Limited is one of the ten largest holdings of 2 ETFs that investors in Europe can buy, most traded first:

ETF	Weight	TER
iShares Global Timber & Forestry UCITS ETF USD (Dist)	5.65%	0.65%
iShares Global Timber & Forestry UCITS ETF USD Acc	5.65%	0.65%

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