Trade Nine Dragons Paper (Holdings) Limited - 2689 CFD

About Nine Dragons Paper (Holdings) Ltd

Nine Dragons Paper (Holdings) Ltd is a company mainly engaged in the manufactures and sales of paper products and pulp. The Company mainly produces containerboards, high performance corrugated sheets, high performance corrugated boxes, printing and writing paper and insulating paper. The Company established production bases in China and overseas market including Vietnam, Malaysia, and the United States. The Company is equipped with energy cogeneration, warehouse and logistics systems to support its production.

Financial summary

BRIEF: For the six months ended 31 December 2021, Nine Dragons Paper (Holdings) Ltd revenues increased 12% to RMB34.47B. Net income decreased 31% to RMB2.77B. Revenues reflect People's Republic of China segment increase of 11% to RMB31.48B, Other Countries segment increase of 22% to RMB2.99B. Net income was offset by Administrative expenses increase of 23% to RMB1.2B (expense), Interest on borrowings increase of 34% to RMB438.7M (expense).