Nine Dragons Paper (Holdings) Limited (02689.HK) Financial Statements

Income statement

Metric	TTM	2026	2025	2024	2023
Revenue
Total Revenue	139.0B	76.7B	63.2B	59.5B	56.7B
Cost of Revenue	120.1B	64.3B	56.0B	53.8B	55.2B
Gross Profit	18.8B	12.3B	7.2B	5.7B	1.5B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	10.5B	5.7B	4.9B	4.5B	4.7B
General & Admin Expense	3.5B	—	2.3B	2.2B	2.6B
Selling & Marketing Expense	4.2B	—	2.6B	2.3B	2.1B
Other Expenses	(2.5B)	7.1M	(1.6B)	(1.4B)	(1.6B)
Total Operating Expenses	8.1B	5.7B	3.3B	3.1B	3.1B
Cost and Expenses	128.2B	70.0B	59.3B	56.9B	58.5B
Operating Income (EBIT)	10.8B	6.7B	3.9B	2.6B	(1.6B)
Non-Operating
Interest Income	224.0M	77.8M	147.3M	69.1M	162.1M
Interest Expense	3.3B	1.9B	1.7B	1.5B	1.1B
Net Interest Income	(3.3B)	(1.8B)	(1.7B)	(1.4B)	(954.6M)
Other Non-Op Income/Expense	(3.4B)	(1.8B)	(1.5B)	(1.4B)	(1.1B)
Non-Operating Income (excl Interest)	16.9M	—	20.0M	(96.0M)	144.7M
EBT (Pre-Tax Income)	7.3B	4.8B	2.5B	1.2B	(2.7B)
Income Tax Expense	1.1B	780.4M	282.9M	444.5M	(355.2M)
Bottom Line
Net Income	6.1B	4.0B	2.2B	772.3M	(2.4B)
Earnings from Cont. Ops	6.3B	4.1B	2.2B	793.9M	(2.4B)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	5.3B	3.6B	2.2B	750.7M	(2.4B)
Per Share
Basic EPS	HK$1.14	HK$0.76	HK$0.38	HK$0.16	(HK$0.51)
Diluted EPS	HK$1.14	HK$0.76	HK$0.38	HK$0.16	(HK$0.51)
Revenue Per Share	HK$29.61	HK$16.34	HK$11.09	HK$12.68	HK$12.14
Shares
Basic Shares Outstanding	4.7B	4.7B	5.7B	4.7B	4.7B
Diluted Shares Outstanding	4.7B	4.7B	5.7B	4.7B	4.7B
Profitability Metrics
EBITDA	19.0B	11.3B	7.7B	6.2B	2.2B
D&A	8.3B	4.6B	3.7B	3.4B	3.8B
EBIT	10.7B	6.7B	3.9B	2.7B	(1.6B)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026