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Nine Dragons Paper Holdings (2689) AI Stock Analysis
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Nine Dragons Paper Holdings
(HKEX:2689)
The score is held back primarily by financial risk factors—persistent negative free cash flow and higher leverage—despite a clear earnings and margin rebound. Technicals further weigh on the score as the stock is in a strong downtrend with negative momentum, though oversold indicators suggest potential for a bounce. Valuation is a partial offset due to the low P/E.
Nine Dragons Paper Holdings (2689) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 2.96B
- Dividend Yield
- ―
- Average Volume (3M)
- 12.38M
- Price to Earnings (P/E)
- 5.0
- Beta (1Y)
- 0.94
- Revenue Growth
- 22.31%
- EPS Growth
- 109.79%
- Country
- Hong Kong
- Employees
- 27,453
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Paper, Lumber & Forest Products
Nine Dragons Paper Holdings Business Overview & Revenue Model
Company 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 pack...
Nine Dragons Paper Holdings Financial Statement Overview
Summary
Earnings have rebounded with strong FY2026 revenue growth (+14.4% YoY) and margin recovery (net margin ~5.2% vs ~3.4% in FY2025), but the balance sheet is more leveraged (debt-to-equity ~1.80) and free cash flow remains persistently negative (FY2026 ~-3.1B), indicating weak cash conversion and reduced flexibility in a cyclical business.
Income Statement
66PositiveBalance Sheet
48NeutralCash Flow
34Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 75.72B | 76.66B | 63.24B | 59.50B | 56.74B | 64.54B |
| Gross Profit | 11.59B | 12.34B | 7.25B | 5.71B | 1.53B | 6.99B |
| EBITDA | 11.44B | 11.27B | 7.66B | 6.18B | 2.17B | 6.74B |
| Net Income | 3.96B | 3.97B | 2.17B | 772.35M | -2.38B | 3.28B |
Balance Sheet | ||||||
| Total Assets | 157.44B | 157.44B | 149.04B | 138.37B | 120.65B | 107.08B |
| Cash, Cash Equivalents and Short-Term Investments | 12.09B | 12.09B | 11.27B | 10.68B | 10.44B | 9.78B |
| Total Debt | 90.90B | 90.90B | 77.18B | 69.03B | 56.76B | 44.20B |
| Total Liabilities | 106.49B | 106.49B | 98.43B | 89.89B | 75.51B | 59.58B |
| Stockholders Equity | 50.38B | 50.38B | 50.10B | 48.01B | 44.65B | 47.05B |
Cash Flow | ||||||
| Free Cash Flow | -3.45B | -3.09B | -10.94B | -13.61B | -10.77B | -9.59B |
| Operating Cash Flow | 7.90B | 8.12B | 5.07B | -794.20M | 6.92B | 3.03B |
| Investing Cash Flow | -11.23B | -11.02B | -16.04B | -12.66B | -17.42B | -12.32B |
| Financing Cash Flow | 3.69B | 3.37B | 11.61B | 13.67B | 11.14B | 8.92B |
Nine Dragons Paper Holdings Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2689, the sentiment is Negative. The current price of 4.50 is below the 20-day moving average (MA) of 4.97, below the 50-day MA of 5.84, and below the 200-day MA of 6.97, indicating a bearish trend. The MACD of -0.39 indicates Negative momentum. The RSI at 21.11 is Positive, neither overbought nor oversold. The STOCH value of 13.31 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2689.
Nine Dragons Paper Holdings Peers Comparison
Overall Rating
HK:231473Outperform
HK:141253Neutral
HK:200249Neutral- HK:268948Neutral
HK:073140Underperform
HK:181239.2Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:2314 | 73Outperform | HKD 13.49B | 5.41 | 7.88% | 6.52% | 13.69% | 83.56% |
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| HK:1412 | 53Neutral | HKD 532.00M | 18.42 | 3.22% | 6.00% | -3.05% | -74.60% |
| HK:2002 | 49Neutral | HKD 1.86B | 11.43 | 2.76% | 2.87% | 14.95% | -15.17% |
| HK:2689 | 48Neutral | HKD 21.14B | 5.03 | 7.96% | ― | 22.31% | 109.79% |
| HK:0731 | 40Underperform | HKD 360.72M | -3.68 | -55.61% | ― | 27.73% | -478.69% |
| HK:1812 | 39Underperform | HKD 4.25B | -1.06 | -447.20% | ― | 4.20% | 52.87% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:2689 | Nine Dragons Paper Holdings Ltd. | 4.50 | -1.09 | -19.55% | |
| HK:2314 | Lee & Man Paper Manufacturing | 3.14 | 0.52 | 19.71% | |
| HK:1812 | Shandong Chenming Paper Holdings Co., Ltd. Class H | 0.46 | -0.30 | -39.47% | |
| HK:1412 | Q P Group Holdings Limited | 1.00 | -0.62 | -38.35% | |
| HK:2002 | China Sunshine Paper Holdings Co. Ltd. | 1.75 | 0.05 | 2.65% | |
| HK:0731 | C&D Newin Paper & Pulp Corporation Limited | 0.26 | 0.05 | 21.43% |
Nine Dragons Paper Holdings Corporate Events
Nine Dragons Paper Sets Key December Dates for AGM Voting and Dividend Entitlements
Nine Dragons Paper (Holdings) Limited, a Hong Kong-listed paper manufacturer incorporated in Bermuda, produces paper and related products for industrial and commercial customers in China and beyond. The company is overseen by a board comprising execu...
Nine Dragons Paper Declares Final Dividend for FY2026
Nine Dragons Paper (Holdings) Limited has declared a final ordinary cash dividend of RMB 0.1 per share for the financial year ended 30 June 2026, following the approval of its annual results. The dividend underscores the company’s capacity to r...
Nine Dragons Paper Sets AGM to Approve Dividend, Board Mandates and Share Issuance Powers
Nine Dragons Paper (Holdings) Limited has called its Annual General Meeting for 11 December 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 30 June 2026 and vote on a proposed final dividend. The...
Nine Dragons Paper Moves to Modernize Bye-Laws Ahead of New HK Market Regimes
Nine Dragons Paper (Holdings) Limited plans to overhaul its corporate bye-laws to align with the latest Hong Kong and Bermuda regulatory frameworks, including new regimes for treasury shares, paperless listing, and uncertificated securities. The prop...
Nine Dragons Paper Declares Final Dividend for FY2026
Nine Dragons Paper (Holdings) Limited has declared a final ordinary cash dividend of RMB 0.1 per share for the financial year ended 30 June 2026, with payment scheduled for 19 January 2027. Key details such as the shareholders’ approval date, H...
Nine Dragons Paper Profit Doubles as Revenue and Volumes Surge in FY2026
Nine Dragons Paper reported a strong set of annual results for the year ended 30 June 2026, underscoring a broad-based recovery in its core packaging paper business. Sales volume rose 14.0% to 24.5 million tonnes and revenue climbed 18.6% to RMB75.0...
Nine Dragons Paper Sets September Board Meeting to Approve Annual Results and Dividend
Nine Dragons Paper (Holdings) Limited has scheduled a board meeting for 23 September 2026 in Hong Kong to review and approve the group’s audited final results for the financial year ended 30 June 2026. The board will also consider the potential...
Nine Dragons Paper Flags Profit Surge and Redeems Perpetual Securities
Nine Dragons Paper has issued a positive profit alert for the year ended 30 June 2026, indicating group profit is expected to rise to between RMB3.9 billion and RMB4.1 billion, up about 77% to 86% year on year. The surge is driven by higher sales vol...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 30, 2026