China's Nine Dragons Paper climbs most in 2 months as annual profit doubles

Nine Dragons Paper (Holdings)

24/09/2026 06:54

** Shares of Nine Dragons Paper (Holdings) 2689.HK climb 7.4% to HK$6.37, on track for their biggest one-day pct gain since July 21 
** Stock hit its highest point since September 11, snapping two straight sessions of decline
** Chinese packaging paper maker says its profit attributable to equity holders doubled to 3.59 billion yuan ($534.72 million) year-over-year for fiscal year ended in June
** Revenue was up 18.6% y/y driven by a 14% y/y rise in sales volume
** YTD, stock up 3.1%, while benchmark Hang Seng Index .HSI down 3.6%




($1 = 6.7138 Chinese yuan renminbi)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))