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Capital & Financial Markets 23 Sep 2026

Nine Dragons Paper doubles annual profit as revenue rises 18.6%

Nine Dragons Paper Holdings reported full-year net profit of USD 533.4m (CNY 3.581bn), against USD 263.2m (CNY 1.767bn) a year earlier. Revenue rose 18.6% to USD 11.172bn (CNY 75.000bn) from USD 9.421bn (CNY 63.241bn). Earnings per share came to USD 0.11 (CNY 0.76), against USD 0.06 (CNY 0.38).

Why this mattersA doubling of profit at one of Asia's largest containerboard producers is the clearest read yet on margins in China's packaging paper chain.

  • Full-year net profit reached USD 533.4m (CNY 3.581bn), against USD 263.2m (CNY 1.767bn) a year earlier
  • Revenue rose 18.6% to USD 11.172bn (CNY 75.000bn) from USD 9.421bn (CNY 63.241bn)
  • Earnings per share rose to USD 0.11 (CNY 0.76) from USD 0.06 (CNY 0.38)
Nine Dragons Paper
Sources rttnews.com
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Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-09-27 · Edited before publication: Currency order reversed against house style; rebuilt with USD first and CNY in brackets, EPS converted as well. Conversions at CNY 6.713 verified. Why-it-matters trimmed of the inference about regional demand, which the source does not support.
  • 2026-09-27 · Edited before publication: Both revenue conversions were misrounded at the supplied rate of USD 1 = CNY 6.713: CNY 75.000bn is USD 11.172bn and CNY 63.241bn is USD 9.421bn. Profit, EPS and the 18.6% growth rate are correct. Summary and the two affected bullets restated.