China's Nine Dragons Paper annual profit surges on strength in kraftliner product sales

Nine Dragons Paper (Holdings)

23/09/2026 10:11

Overview
China packaging paper maker's annual revenue grew 18.6% yr/yr, driven by higher sales volume
Net profit attributable to equity holders rose 102.6% yr/yr, basic EPS up 100%
Company benefited from cost control and premium product offerings amid industry recovery

Outlook
Company did not provide specific financial guidance for revenue or profit in the press release

Result Drivers
SALES VOLUME - Co said sales volume rose 14% yr/yr to a record 24.5 mln tonnes, boosting revenue
HIGHER SELLING PRICES - Co said average selling price increased 4% yr/yr, supporting revenue growth
PRODUCT MIX OPTIMIZATION - Co said increased sales proportion of high-end kraftliner products boosted profit contribution

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
 
RMB 75 bln
 
FY Net Income Attributable
 
RMB 3.58 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the paper packaging peer group is "buy"
Wall Street's median 12-month price target for Nine Dragons Paper (Holdings) Ltd is HK$8.80, about 48.4% above its September 23 closing price of HK$5.93
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)