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nine dragons paper holdings (2689) Details

Nine Dragons Paper (Holdings) Limited, together with its subsidiaries, manufactures and sells packaging paper, recycled printing and writing paper, pulp, and specialty paper products in the People’s Republic of China. It offers linerboard products, including kraftlinerboard, testlinerboard, white top linerboard, and coated linerboard products, as well as high performance corrugating medium and coated duplex board products. The company also provides recycled printing and writing paper, such as uncoated woodfree paper, office paper, etc.; capacitor tissue paper; and insulating paper. In addition, it manufactures wood and bamboo pulp, and unbleached kraft pulp. The company was founded in 1995 and is based in Kwun Tong, Hong Kong. Nine Dragons Paper (Holdings) Limited is a subsidiary of Best Result Holdings Limited.

17,000 Employees
Last Reported Date: 09/18/18
Founded in 1995

nine dragons paper holdings (2689) Top Compensated Officers

Group CFO & Executive Director
Total Annual Compensation: CNY4.5M
Executive Director
Total Annual Compensation: CNY888.0K
Compensation as of Fiscal Year 2017.
nine dragons paper holdings
Nine Dragons Paper (Holdings) Limited Announces Audited Consolidated Earnings Results for the Year Ended June 30, 2018

Nine Dragons Paper (Holdings) Limited announced audited consolidated earnings results for the year ended June 30, 2018. For the year, the company reported Sales were RMB 52,781,754,000 compared to RMB 39,154,808,000 a year ago. Operating profit was RMB 10,434,732,000 compared to RMB 6,560,682,000 a year ago. Profit before income tax was RMB 9,551,292,000 compared to RMB 5,434,998,000 a year ago. Profit attributable to Equity holders of the Company was RMB 7,848,075,000 compared to RMB 4,383,668,000 a year ago. Diluted earnings per share were RMB 1.6752 compared to RMB 0.9372 a year ago. Net cash generated from operating activities was RMB 8,400,291,000 compared to RMB 3,513,303,000 a year ago. The increase was primarily attributable to the increase in profit and the changes in the working capital in particular the increase in trade, bills and other payables. In terms of available financial resources as at 30 June 2018, the Group had total undrawn banking facilities of approximately RMB 32,321.3 million and cash and cash equivalents of approximately RMB 9,044.7 million. The Group's revenue for full year 2018 increased by approximately 34.8% as compared with full year 2017, mainly driven by the increase in the selling price of the products. The operating profit margin increased from 16.8% in full year 2017 to approximately 19.8% in full year 2018 mainly due to increase in gross profit margin from 20.4% in full year 2017 to 21.9% in full year 2018. The Group's payments for the construction of factory buildings, purchase of plants, machineries and equipments during full year 2018 were approximately RMB 6,386.6 million. These capital expenditures were fully financed by internal resources and borrowings.

Nine Dragons Paper (Holdings) Limited Recommends Final Dividend for Fiscal Year 2018, Payable on or about 11 January 2019

Nine Dragons Paper (Holdings) Limited has resolved to recommend the payment of a final dividend of 40.0 RMB cents (equivalent to approximately 45.8 HK cents) per share for fiscal year 2018, which are expected to be paid on or about 11 January 2019 subject to the approval of the forthcoming annual general meeting (2018 AGM). The final dividend will be paid to the shareholders whose names appear on the register of members of the Company at the close of business on 21 December 2018.

Nine Dragons Paper (Holdings) Limited to Report Fiscal Year 2018 Results on Sep 18, 2018

Nine Dragons Paper (Holdings) Limited announced that they will report fiscal year 2018 results on Sep 18, 2018


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