Hong Kong Stock Exchange · Basic Materials
Invest in Nine Dragons Paper (Holdings) stock from India
Indian and foreign residents can buy Nine Dragons Paper (Holdings) (2689) shares directly through Paasa.
By Paasa · Updated
Nine Dragons Paper (Holdings) at a glance
- Price
- HK$5.56-HK$0.14 (2.46%)
- Market cap
- HK$26.07B
- Day range
- HK$5.51 – HK$5.77
- P/E
- 6.25
- Dividend yield
- None
- Volume
- 13.26M
- 1 month
- -20.30%
- 6 months
- -20.30%
- YTD
- -6.01%
- 1 year
- +0.45%
- 5 years
- -43.08%
Nine Dragons Paper (Holdings) statements, FY2022–FY2026
| Fiscal year | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | CN¥76.7B | CN¥63.2B | CN¥59.5B | CN¥56.7B | CN¥64.5B |
| Gross profit | CN¥12.3B | CN¥7.2B | CN¥5.7B | CN¥1.5B | CN¥7.0B |
| Operating income | CN¥6.7B | CN¥3.9B | CN¥2.6B | −CN¥1.6B | CN¥3.6B |
| Net income | CN¥4.0B | CN¥2.2B | CN¥772.3M | −CN¥2.4B | CN¥3.3B |
| Earnings per share | CN¥0.76 | CN¥0.38 | CN¥0.16 | −CN¥0.51 | CN¥0.70 |
| EBITDA | CN¥11.3B | CN¥7.2B | CN¥6.2B | CN¥2.2B | CN¥6.7B |
| Total assets | CN¥157.4B | CN¥149.0B | CN¥138.4B | CN¥120.7B | CN¥107.1B |
| Total debt | CN¥90.9B | CN¥77.2B | CN¥69.0B | CN¥56.8B | CN¥44.2B |
| Cash and short-term investments | CN¥12.1B | CN¥11.3B | CN¥10.7B | CN¥10.4B | CN¥9.8B |
| Shareholders' equity | CN¥50.4B | CN¥50.1B | CN¥48.0B | CN¥44.7B | CN¥47.1B |
| Operating cash flow | — | CN¥5.1B | −CN¥794.2M | CN¥6.9B | CN¥3.0B |
| Free cash flow | — | −CN¥10.9B | −CN¥13.6B | −CN¥10.8B | −CN¥9.6B |
| Capital expenditure | — | −CN¥16.0B | −CN¥12.8B | −CN¥17.7B | −CN¥12.6B |
Fiscal years as reported, the latest ending 30 Jun 2026. Figures in CNY; a dash means the provider reported nothing for that line.
Peer comparison
| Company | Ticker | Price | Market cap |
|---|---|---|---|
| Lygend Resources & Technology | 2245.HK | HK$18.89 | HK$29.39B |
| Lingbao Gold | 3330.HK | HK$19.68 | HK$27.11B |
| Maanshan Iron & Steel | 0323.HK | HK$1.60 | HK$20.63B |
| Dongyue | 0189.HK | HK$11.12 | HK$19.27B |
| Angang Steel | 0347.HK | HK$1.11 | HK$14.72B |
| Lee & Man Paper Manufacturing | 2314.HK | HK$3.37 | HK$14.45B |
| Nanshan Aluminium Intrnatnl | 2610.HK | HK$23.04 | HK$14.29B |
| Fufeng | 0546.HK | HK$4.35 | HK$10.89B |
Peers as grouped by the data provider. This is not an investment recommendation.
How to invest in Nine Dragons Paper (Holdings) from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to HKD when you buy.
Step 3
Search 2689 and buy
Find Nine Dragons Paper (Holdings) by name or by its ticker, 2689, and place your order. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
Why invest in Nine Dragons Paper (Holdings) from India
What Nine Dragons Paper (Holdings) does
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 packaging paper, recycled printing and writing paper, specialty papers, and various pulp products. Nine Dragons Paper (Holdings) operates in the Paper, Lumber & Forest Products industry within the Basic Materials sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy Nine Dragons Paper (Holdings) stock from India?
Yes. Indian residents and NRIs can buy Nine Dragons Paper (Holdings) (2689) shares directly through Paasa. Nine Dragons Paper (Holdings) is listed on the Hong Kong Stock Exchange, in the Paper, Lumber & Forest Products industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
Do I need to buy a full Nine Dragons Paper (Holdings) share?
Usually more than one, and not a fraction: many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. At HK$5.56 a share, size the order by the lot, not by the share.
How are Nine Dragons Paper (Holdings) dividends taxed for Indian investors?
Nine Dragons Paper (Holdings) trades on the Hong Kong Stock Exchange but is domiciled in China, so any withholding on its dividends follows that country's rules rather than those of Hong Kong. Dividends are taxed at your slab rate in India. Paasa's dividend report shows the gross amount and any tax withheld for each payment.
What tax do I pay in India when I sell Nine Dragons Paper (Holdings) shares?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks. In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the HKD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.