Nine Dragons Paper (Holdings) Limited: Business Overview, Financials & Competitive Analysis
Nine Dragons Paper (Holdings) Limited scores 7/10 on the AskCyborg Cyborg Score (Strong). Nine Dragons Paper demonstrates strong operational momentum through integrated pulp-paper strategy and margin expansion, though cyclical industry dynamics require monitoring. The company achieved profit growth of 318.8% year-on-year for H1 FY2026 with significantly improved margins. However, the five-year earnings decline pattern suggests past cycles have not been.
What is Nine Dragons Paper (Holdings) Limited's industry? Nine Dragons Paper (Holdings) Limited (9-dragons.com) operates in Packaging Paper & Pulp Manufacturing. AskCyborg classifies Nine Dragons Paper (Holdings) Limited under Packaging Paper & Pulp Manufacturing in its company registry.
Nine Dragons Paper is a leading producer of packaging papers including linerboard, corrugating medium and coated duplex board, as well as printing, writing, specialty papers and pulp products. The company operates pro...
Cyborg Score thesis
Nine Dragons Paper demonstrates strong operational momentum through integrated pulp-paper strategy and margin expansion, though...
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Get Current Report FreeNine Dragons Paper (Holdings) Limited Overview
Pro stress-test →Nine Dragons Paper is a leading producer of packaging papers including linerboard, corrugating medium and coated duplex board, as well as printing, writing, specialty papers and pulp products. The company operates production bases in China, Vietnam, Malaysia, and the United States, positioning it as a key player in the Asia-Pacific paper industry.
Strategic Profile
Pro stress-test →Nine Dragons Paper has achieved record sales volumes for three consecutive comparable periods with profit surging threefold, driven by pulp-paper integration strategy. The company reported TTM revenue of ¥67 billion with a net profit margin of 4.9% versus 1.5% a year earlier, reflecting a 252% year-on-year rise in reported earnings.
Competitive Landscape
Pro stress-test →Nine Dragons Paper competes in the Asian packaging paper market against major competitors including APP (Asia Pulp & Paper), Nippon Paper, and domestic Chinese mills. The company's vertically integrated pulp-to-paper model and multi-regional production footprint provide competitive advantages in cost control and supply chain resilience, particularly important in volatile commodity markets.
Industry Context
Nine Dragons Paper (Holdings) Limited operates in Packaging Paper & Pulp Manufacturing.
Key facts
Founded: 1995 · Headquarters: Hong Kong, China · Employees: 27,450 · Revenue: ¥67.0B · Market cap: $3.5B