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Nine Dragons Paper (Holdings) Limited (2689.HK)
HKD7.57
+0.43 (+6.02%)
CN HKSE Basic Materials Paper, Lumber & Forest Products
Address
No.12, Xincheng Road
Dongguan, CN
Dongguan, CN
CEO
Ming Chung Liu
Website
ndpaper.com
IPO
2006-03-03
ISIN BMG653181005
Also trades on
Hong Kong Stock Exchange · 2689.HK (HKD)
Other OTC · NDGPF (USD)
Other OTC · NDGPY (USD)
Description
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.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
HKD7.57
+0.43 (+6.02%)
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Volume Profile
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Liquidity & share structure
Average Volume
14M
Beta
1.28
Float Shares
1.53B
Free Float %
32.6%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -2.63% | +0.91% | +5.38% | -24.58% | +6.05% | +12.69% | +114.15% | +48.99% | -43.17% | +23.33% | +39.48% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
7.57
Ratings Trend (MoM)
70% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 7 | 0 |
| Hold | 2 | -1 |
| Sell | 1 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
1.63
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
-
Revenue growth Paper, Lumber & Forest Products: +0.4%+6.3% ★ Q4'25: +21.6% (vs Q4'23)
-
EPS growth Paper, Lumber & Forest Products: -12.0%+137.5% ★ Q4'25: +574.2% (vs Q4'23)
-
FCF margin FCF growth · Paper, Lumber & Forest Products: +37.3%+8.3% Q4'25: -4.9% (vs Q4'23)
-
EBIT margin Paper, Lumber & Forest Products: +5.4%+6.2% ★ Q4'25: +9.2% (vs Q4'23)
-
ROIC Paper, Lumber & Forest Products: +2.9%+3.0% ★ Q4'25: +8.9% (vs Q4'23)
-
Share dilution Paper, Lumber & Forest Products: +0.0%+21.6% Q4'25: +0.0% (vs Q4'23)
-
Debt / EBITDA Net debt/EBITDA · Paper, Lumber & Forest Products: 0.66×10.66× Q4'25: 3.89× (vs Q4'23)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Jun 2009 actual |
Jun 2010 actual |
Jun 2011 actual |
Jun 2012 actual |
Jun 2013 actual |
Jun 2014 actual |
Jun 2015 actual |
Jun 2016 actual |
Jun 2017 actual |
Jun 2018 actual |
Jun 2019 actual |
Jun 2020 actual |
Jun 2021 actual |
Jun 2022 actual |
Jun 2023 actual |
Jun 2024 actual |
Jun 2025 actual |
Jun 2026 9 Rev. Ana. 5 EPS Ana. |
Jun 2027 10 Rev. Ana. 5 EPS Ana. |
Jun 2028 7 Rev. Ana. 7 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
13.13B
est: 14.07B (-6.7%)
|
17.95B
est: 19.96B (-10.1%)
|
24.39B
est: 25.35B (-3.8%)
|
27.17B
est: 28.93B (-6.1%)
|
28.74B
est: 31.06B (-7.5%)
|
28.93B
est: 30.89B (-6.3%)
|
30.09B
est: 38.29B (-21.4%)
|
32.09B
est: 36.87B (-12.9%)
|
39.15B
est: 46.92B (-16.5%)
|
52.78B
est: 60.72B (-13.1%)
|
54.61B
est: 62.19B (-12.2%)
|
51.34B
est: 59.48B (-13.7%)
|
61.57B
est: 72.28B (-14.8%)
|
64.54B
est: 76.33B (-15.4%)
|
56.74B
est: 62.35B (-9.0%)
|
59.50B
est: 63.27B (-6.0%)
|
63.24B
est: 63.43B (-0.3%)
|
76.70B
74.64B – 82.10B
+20.9% YoY
|
81.00B
75.24B – 92.94B
+5.6% YoY
|
84.95B
80.75B – 94.27B
+4.9% YoY
|
| EBITDA |
3.12B
est: 2.35B (+32.9%)
|
4.00B
est: 3.08B (+29.8%)
|
4.19B
est: 3.74B (+12.0%)
|
4.46B
est: 3.38B (+32.0%)
|
4.96B
est: 2.56B (+93.5%)
|
5.36B
est: 2.56B (+109.0%)
|
5.11B
est: 2.69B (+90.1%)
|
6.62B
est: 2.83B (+133.9%)
|
8.86B
est: 1.58B (+459.1%)
|
12.57B
est: 8.22B (+52.9%)
|
8.08B
est: 11.74B (-31.2%)
|
8.59B
est: 6.02B (+42.7%)
|
11.31B
est: 5.22B (+116.7%)
|
6.68B
est: 5.80B (+15.2%)
|
2.17B
est: 6.33B (-65.6%)
|
6.18B
est: 6.82B (-9.4%)
|
7.24B
est: 6.90B (+5.0%)
|
8.34B
8.12B – 8.93B
+20.9% YoY
|
8.81B
8.18B – 10.11B
+5.6% YoY
|
9.24B
8.78B – 10.25B
+4.9% YoY
|
| EBIT |
2.34B
est: 2.04B (+14.5%)
|
3.12B
est: 3.32B (-5.9%)
|
3.18B
est: 3.96B (-19.8%)
|
3.03B
est: 3.66B (-17.2%)
|
3.25B
est: 3.30B (-1.5%)
|
3.62B
est: 3.32B (+8.9%)
|
3.30B
est: 3.65B (-9.6%)
|
4.70B
est: 3.33B (+40.9%)
|
6.83B
est: 5.51B (+23.9%)
|
10.52B
est: 8.34B (+26.1%)
|
5.91B
est: 11.32B (-47.8%)
|
6.21B
est: 5.65B (+9.9%)
|
8.61B
est: 6.79B (+26.7%)
|
3.72B
est: 7.55B (-50.7%)
|
-1.61B
est: 8.23B (-119.5%)
|
2.74B
est: 3.54B (-22.6%)
|
3.92B
est: 3.51B (+11.7%)
|
4.24B
4.13B – 4.54B
+20.9% YoY
|
4.48B
4.16B – 5.14B
+5.6% YoY
|
4.69B
4.46B – 5.21B
+4.9% YoY
|
| Net Income |
1.66B
est: 1.69B (-1.8%)
|
2.17B
est: 2.36B (-8.0%)
|
1.97B
est: 2.75B (-28.5%)
|
1.42B
est: 2.27B (-37.3%)
|
1.56B
est: 1.52B (+2.4%)
|
1.76B
est: 1.55B (+13.1%)
|
1.41B
est: 1.77B (-20.2%)
|
1.12B
est: 1.45B (-22.7%)
|
4.38B
est: 1.43B (+207.2%)
|
7.85B
est: 5.57B (+40.8%)
|
3.86B
est: 8.51B (-54.6%)
|
4.17B
est: 3.77B (+10.6%)
|
7.10B
est: 4.67B (+52.0%)
|
3.28B
est: 5.19B (-36.9%)
|
-2.38B
est: -2.38B (+0.0%)
|
772.35M
est: 698.28M (+10.6%)
|
2.17B
est: 2.09B (+3.7%)
|
4.70B
4.17B – 5.22B
+124.5% YoY
|
5.42B
4.70B – 6.14B
+15.4% YoY
|
4.44B
2.89B – 7.41B
-18.2% YoY
|
| SGA |
703.60M
est: 752.65M (-6.5%)
|
834.94M
est: 998.45M (-16.4%)
|
1.15B
est: 1.06B (+8.8%)
|
1.33B
est: 1.33B (+0.1%)
|
1.48B
est: 1.43B (+3.6%)
|
1.35B
est: 1.47B (-8.5%)
|
1.60B
est: 1.36B (+17.7%)
|
1.78B
est: 1.64B (+8.6%)
|
1.98B
est: 2.27B (-12.7%)
|
2.34B
est: 2.52B (-7.0%)
|
3.33B
est: 2.54B (+31.1%)
|
3.46B
est: 3.19B (+8.6%)
|
3.88B
est: 3.88B (-0.2%)
|
4.28B
est: 4.32B (-0.9%)
|
4.70B
est: 4.71B (-0.1%)
|
4.49B
est: 5.07B (-11.5%)
|
4.89B
est: 4.63B (+5.7%)
|
5.60B
5.45B – 5.99B
+20.9% YoY
|
5.91B
5.49B – 6.78B
+5.6% YoY
|
6.20B
5.89B – 6.88B
+4.9% YoY
|
| EPS |
0.38
est: 0.25 (+51.6%)
|
0.48
est: 0.46 (+5.2%)
|
0.42
est: 0.39 (+6.7%)
|
0.30
est: 0.31 (-4.3%)
|
0.33
est: 0.26 (+25.6%)
|
0.38
est: 0.30 (+25.1%)
|
0.30
est: 0.37 (-19.2%)
|
0.24
est: 0.27 (-11.8%)
|
0.94
est: 0.97 (-2.7%)
|
1.68
est: 1.76 (-4.7%)
|
0.82
est: 1.00 (-17.8%)
|
0.89
est: 0.91 (-2.3%)
|
1.51
est: 1.68 (-10.4%)
|
0.70
est: 0.90 (-22.4%)
|
-0.51
est: -0.52 (+1.2%)
|
0.16
est: 0.17 (-5.4%)
|
0.38
est: 0.35 (+7.7%)
|
0.82
0.73 – 0.92
+133.3% YoY
|
0.95
0.82 – 1.08
+15.4% YoY
|
1.06
0.51 – 1.30
+11.9% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | B+ | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 5/5 |
| 2026-05-28 | B+ | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 5/5 |
| 2026-05-27 | B+ | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 5/5 |
| 2026-05-26 | B+ | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 5/5 |
| 2026-05-22 | B+ | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 5/5 |
| 2026-05-21 | B+ | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 5/5 |
| 2026-05-20 | B+ | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 5/5 |
| 2026-05-19 | B+ | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 5/5 |
| 2026-05-18 | B+ | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 5/5 |
| 2026-05-15 | B+ | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 5/5 |
| 2026-05-14 | B+ | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 5/5 |
| 2026-05-13 | B+ | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 5/5 |
| 2026-05-12 | B+ | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 5/5 |
| 2026-05-11 | B+ | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 5/5 |
| 2026-05-08 | B+ | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 5/5 |
| 2026-05-07 | B+ | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 5/5 |
| 2026-05-06 | B+ | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 5/5 |
| 2026-05-05 | B+ | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 5/5 |
| 2026-05-04 | B+ | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 5/5 |
| 2026-04-30 | B+ | 3/5 | 1/5 | 4/5 | 5/5 | 1/5 | 3/5 | 5/5 |
| 2026-04-29 | B+ | 3/5 | 1/5 | 4/5 | 5/5 | 1/5 | 3/5 | 5/5 |
| 2026-04-28 | B+ | 3/5 | 1/5 | 4/5 | 5/5 | 1/5 | 3/5 | 5/5 |
| 2026-04-27 | B+ | 3/5 | 1/5 | 4/5 | 5/5 | 1/5 | 3/5 | 4/5 |
| 2026-04-24 | B+ | 3/5 | 1/5 | 4/5 | 5/5 | 1/5 | 3/5 | 4/5 |
| 2026-04-23 | B+ | 3/5 | 1/5 | 4/5 | 5/5 | 1/5 | 3/5 | 4/5 |
| 2026-04-22 | B+ | 3/5 | 1/5 | 4/5 | 5/5 | 1/5 | 3/5 | 4/5 |
| 2026-04-21 | B+ | 3/5 | 1/5 | 4/5 | 5/5 | 1/5 | 3/5 | 4/5 |
| 2026-04-20 | B+ | 3/5 | 1/5 | 4/5 | 5/5 | 1/5 | 3/5 | 4/5 |
| 2026-04-17 | B+ | 3/5 | 1/5 | 4/5 | 5/5 | 1/5 | 3/5 | 4/5 |
| 2026-04-16 | B+ | 3/5 | 1/5 | 4/5 | 5/5 | 1/5 | 3/5 | 4/5 |
| 2026-04-15 | B+ | 3/5 | 1/5 | 4/5 | 5/5 | 1/5 | 3/5 | 4/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
20.15B
OE per share TTM
4.30
Owner's Yield
58.49%
Maintenance CapEx ratio
172.74%
Maint CapEx / Avg PPE
134.0%
Ownership Overview
Ownership breakdown
At a glance
Institutional holders
1
Total invested
30.3K
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
From
To
13F snapshot — 2025 Q3
Investors holding
1
+0 vs prev Q
New positions
0
Closed positions
0
Increased
0
Reduced
0
Put/Call ratio
0.00
Calls held
—
Puts held
—
Top institutional holders
| # | Investor | Shares / Δ | Mkt value / Δ | Own% / Δ | Weight% / Δ | Avg px / Perf. | Hold / Status |
|---|---|---|---|---|---|---|---|
| 1 | EVERETT HARRIS & CO /CA/ | — -43.0K (-100.0%) | — -30.3K (-100.0%) | 0.00% -0.001 pp | 0.00% 0.000 pp | HKD— | 4 qtrs SOLD |
Ownership breakdown by holder
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
154.1K
Shares Outstanding
4.69B
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Yan Cheung | Co-Founder & Chairlady | 10M | female |
| Ming Chung Liu | Co-Founder, Deputy Chairman & Chief Executive Officer | 10M | male |
| Cheng Fei Zhang | Co-Founder, Deputy Chairman & Deputy Chief Executive Officer | 9M | male |
| Yuanfu Zhang | Group Chief Financial Officer | 6M | male |
| Liu Ken | Deputy Chairman & Vice President | 5M | male |
| Lianpeng Zhang | Executive Director & Vice President | 4M | male |
| Wai Chu Cheng | Company Secretary | — | female |
| Du Ling Zhang | Group General Manager of the Sales Department | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for 2689.HK
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
