Brand VerifiedChina

Nine Dragons Paper (Holdings) Limited

Nine Dragons Paper

Nine Dragons Paper (Holdings) Limited is the world's largest waste paper eco-friendly papermaking group, headquartered in Dongguan, Guangdong, China, and listed on the Hong Kong Stock Exchange. Specializing in packaging paperboard production, it operates 10 papermaking bases in China and Malaysia with ~18,000 employees. Reporting estimated ¥80 billion revenue in FY2025, its annual paper capacity r

ChinaEst. 199418K+10+ Paper MillSEHK : 2689

Business Nature

Nine Dragons Paper is a leading paper product manufacturer with integrated self-production capabilities, proprietary brands, and nationwide operations. The company operates a comprehensive national manufacturing network and supply chain system, supported by advanced technology R&D and large-scale manufacturing capabilities. As a vertically integrated enterprise in the recycled paper industry, the company has established itself as Asia's largest paper manufacturer with dominant market positions across core business segments.

Core Business Areas

Company: Nine Dragons Paper Holdings Limited | Field: Core Nine Dragon Paper is Asia's largest containerboard producer, specializing in recycled paper packaging materials within the papermaking and printing sector. The company's core competitive advantages lie in scale manufacturing, cost control, and circular economy operations. Recycled Fiber Pulp — [Absolute Core Category] - Recycled pulp: Manufacturing of recycled fiber pulp - Recovered fiber: Production of recovered fiber products - Eco-friendly pulp: Eco-friendly pulp products Pulp Sheets and Pulp Bales — [Important Category] - Pulp sheet products: Manufacturing of various pulp sheets - Fluff pulp: Fluff pulp products manufacturing - Specialty pulp bales: Specialty pulp bale products Paper-Based Rolls and Sheets — [Core Category] - Paperboard substrates: Manufacturing of paperboard substrate products - Roll materials: Roll paper product manufacturing - Sheet materials: Sheet paper product manufacturing Customized Packaging Containers — [Key Development Category] - Packaging containers: Customized packaging container manufacturing - cartons and boxes: Carton and box product manufacturing - Packaging solutions: Packaging solutions provision Food-Grade Specialty Packaging — [Premium Category] - Food packaging: Food-grade packaging product manufacturing - Specialty packaging: Specialty packaging solutions - Safe packaging: Safe packaging products Classification Codes: 1.3, 1.6, 3.1, 3.2, 3.5 Note: Nine Dragon Paper specializes in recycled paper packaging materials within the papermaking and printing sector and is the absolute leader in Asia's recycled paper packaging market.

Industry Rankings

6Factory Rankings in the Paper & Printing Industry

Mfr

8Brand Rankings in the Paper & Printing Industry

Brand

Corporate Report

Nine Dragons Paper (Holdings) Limited, listed on the Hong Kong Stock Exchange (HKEX: 2689) and headquartered in Dongguan, Guangdong, China, stands as the world's largest waste paper recycling paper manufacturer and China's absolute leader in packaging paper production. The company operates a vertically integrated business model spanning waste paper collection, pulping, and papermaking, with 10 production bases strategically distributed across China's major provinces and Malaysia, supported by over 30 pulping production lines and 8 self-operated environmental power plants. In FY2025, Nine Dragons Paper reported revenues of approximately 80 billion RMB (up 8.5% year-over-year), with net profit reaching 60 billion RMB (up 12.5%), reflecting strong operational performance driven by stable packaging demand and improved profitability.

The company maintains dominant market positioning with annual paper production capacity of 20 million tons and an estimated 30% share of China's packaging paper market. Its core product portfolio centers on packaging paperboard (70% of revenue), including linerboard, corrugated medium, and cardboard, while cardboard products and specialty papers comprise the remaining 30%. Geographically, South China and East China remain the primary markets, contributing 35% and 30% of revenue respectively, while overseas markets account for approximately 15% of total sales, with operations extending across more than

Quick Facts

Headquarters

Dongguan, Guangdong, China

Founded

1994

Employees

18K+

Factories

10+ Paper Mill

Listing

HKEX: Listed