Both sales volume and revenue of Nine Dragons Paper (Holdings) Limited hiked to historical high during the the six months ended 31 December 2016 (the “Period”). Total sales volume reached approximately 7.1 million tonnes, increased by 6.2% as compared with the corresponding period of the last financial year, bringing approximately RMB 19,125 million ($2.4 billion) in sales, an increase of 17.3% as compared with the corresponding period of the last financial year.
In the Period, gross profit margin increased from 17.3% to 18.3%; profit attributable to equity holders of the Company was approximately RMB 1,914.7 million ($245 million).
If exchange losses on the Group’s operating and financing activities (net of tax) were excluded, profit attributable to equity holders for the Period was approximately RMB 2,002.2 million ($257 million), increased by approximately 51.4% as compared with the corresponding period of the last financial year.
Nine Dragons Paper (Holdings) Limited is the largest packaging paperboard producer in China and Asia and one of the largest producers in the world, in terms of design capacity. It primarily manufactures and sells linerboard, high performance corrugating medium and coated duplex board products. It also produces and sells recycled printing and writing paper and specialty paper.