# Nine Dragons Paper (Holdings) Limited (NDGPF)

> Basic Materials · CN · Reports in CNY

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/NDGPF/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2025 | ¥ 66.38B | ¥ 3.63B | ¥ -1.81B | ¥ 85.96B | ¥ 49.13B |
| 2024 | ¥ 62.65B | ¥ 1.15B | ¥ 5.86B | ¥ 70.14B | ¥ 48.68B |
| 2023 | ¥ 56.48B | ¥ -706.24M | ¥ -11.91B | ¥ 62.20B | ¥ 44.74B |
| 2022 | ¥ 61.44B | ¥ -890.74M | ¥ -15.02B | ¥ 51.28B | ¥ 45.35B |
| 2021 | ¥ 66.51B | ¥ 6.00B | ¥ -7.25B | ¥ 34.77B | ¥ 47.16B |
| 2020 | ¥ 55.28B | ¥ 6.10B | ¥ 1.23B | ¥ 25.96B | ¥ 43.31B |
| 2019 | ¥ 55.12B | ¥ 4.04B | ¥ 5.81B | ¥ 26.85B | ¥ 38.94B |
| 2018 | ¥ 62.31B | ¥ 6.27B | ¥ 1.52B | ¥ 32.93B | ¥ 36.38B |
| 2017 | ¥ 50.47B | ¥ 7.51B | ¥ -120.13M | ¥ 29.35B | ¥ 32.92B |
| 2016 | ¥ 39.28B | ¥ 3.07B | ¥ 4.83B | ¥ 25.77B | ¥ 27.51B |
| 2015 | ¥ 35.25B | ¥ 1.20B | ¥ 4.84B | ¥ 31.76B | ¥ 25.33B |
| 2014 | ¥ 34.87B | ¥ 1.70B | ¥ 3.19B | ¥ 32.61B | ¥ 24.47B |
| 2013 | ¥ 33.97B | ¥ 2.22B | ¥ -5.85B | ¥ 34.61B | ¥ 23.38B |
| 2012 | ¥ 34.32B | ¥ 1.66B | ¥ -1.52B | ¥ 30.75B | ¥ 21.98B |
| 2011 | ¥ 32.04B | ¥ 2.11B | ¥ -3.66B | ¥ 29.22B | ¥ 21.06B |
| 2010 | ¥ 27.37B | ¥ 2.67B | ¥ -6.49B | ¥ 19.97B | ¥ 20.01B |
| 2009 | ¥ 21.01B | ¥ 2.59B | ¥ -2.87B | ¥ 14.23B | ¥ 14.69B |
| 2008 | ¥ 18.73B | ¥ 2.43B | ¥ -5.52B | ¥ 14.69B | ¥ 13.27B |
| 2007 | ¥ 16.68B | ¥ 2.70B | ¥ -9.07B | ¥ 6.63B | ¥ 11.51B |
| 2006 | ¥ 13.16B | ¥ 2.51B | ¥ -4.21B | ¥ 4.92B | ¥ 7.54B |
| 2005 | ¥ 9.71B | ¥ 1.28B | ¥ -791.77M | ¥ 6.25B | ¥ 2.32B |
| 2004 | ¥ 3.74B | ¥ 235.40M | N/A | N/A | N/A |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 1.75 |
| Liabilities / Eq | 2.02 |
| Current Ratio | 1.11 |

## Debt coverage

| Indicator | Value |
| --- | --- |
| Gross Debt / Earnings | 23.76 |

## Other views

- [Metrics](https://sponda.capital/en/NDGPF.md)
- [Charts](https://sponda.capital/en/NDGPF/charts.md)
- [Compare](https://sponda.capital/en/NDGPF/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-27.