Paper Products

Morning Paper Industry Sells Related Assets of Financial Leasing Business

Nine Dragons Paper and Zhang Yin's Family Donate for Pat Heung Reconstruction

Nine Dragons Paper donates HKD 3 million to Tai Po Hung Fook Estate Relief Fund

IWS released FY2026 Q1 earnings on November 27, 2025 (BJT), actual revenue HKD 10.33 M, actual EPS HKD -0.0012

IWS released FY2026 Q2 earnings on November 27 During-Market BJT, actual revenue HKD 10.33 M, actual EPS HKD -0.0012

IWS released FY2026 Semi-Annual Earnings on November 27 During-Market (BJT), Actual Revenue HKD 20.66 M, Actual EPS HKD -0.0025

IWS FY2026 Semi-Annual Earnings Release on November 27, 2025 (BJT)

TF Securities Gives Buy Rating to Nine Dragons Paper

ST Chenming's Q3 Revenue Dropped by 79.10%, Net Loss of 21.5 Billion Yuan

CHENMING PAPER released FY2025 Q3 earnings on October 30 After-Market BJT, actual revenue HKD 1.357 B, actual EPS HKD -0.8098

CHENMING PAPER released FY2025 9-month earnings on October 30 After-Market (BJT), actual revenue HKD 3.644 B, actual EPS HKD -2.2343

Nippon Paper Industries Awarded ESG Award in 2025 Outstanding ESG Enterprise Recognition Program

CHENMING PAPER to Release FY2025 Q3 Earnings on October 30 After-Market (BJT)

UBS Raises Profit Forecast for Nine Dragons Paper and Maintains 'Buy' Rating

Mizuho Downgrades Nine Dragons' Target Price and Earnings Forecast

BofA Securities Maintains Buy Rating But Cuts Price Target for Nine Dragons Paper

CICC Raises Forecast for Nine Dragon Paper's FY26-27 Net Profit and Raises Target Price

Nomura Upgrades Nine Dragons' Profit Forecast with Hold Rating

ND PAPER released FY2025 Q3 earnings on September 24 (BJT), actual revenue HKD 15.94 B, actual EPS HKD 0.148

ND PAPER released FY2025 9 Months Earnings on September 24 (BJT), actual revenue HKD 52.29 B, actual EPS HKD 0.2566

< 1B

1B - 5B

5B - 10B

10B - 50B

50B - 100B

100B - 500B

500B - 1T

≥ 1T

Market Value

Total Assets

< 100M

100M - 500M

500M - 1B

≥ 100B

Revenue

0 - 50M

50M - 100M

≥ 10B

Profits

< 0%

0% - 5%

5% - 10%

10 - 15%

15% - 20%

20 - 25%

25% - 30%

>= 30%

ROE(TTM)

= 0%

0% - 1%

1% - 3%

3% - 5%

5% - 8%

8% - 10%

>= 10%

Dividend Yield

0% - 10%

10% - 15%

20% - 30%

30% - 40%

40% - 50%

>= 50%

Net Profit Margin

0 - 0.05

0.05 - 0.1

0.1 - 0.2

0.2 - 0.4

0.4 - 0.6

0.6 - 0.8

0.8 - 1

>= 1

Asset Turnover

< 1.5

1.5 - 2

2 - 3

3 - 5

5 - 10

10 - 15

15 - 20

>= 20

Equity Multiplier

< 10%

10% - 30%

30% - 50%

50% - 70%

70 - 80%

80% - 90%

90% - 95%

>= 95%

Debt Ratio

NTES-S

KWAN YONG

PEIJIA-B

REMEGEN

RADIANCE HLDGS

POP MART

BAOZUN-W

ARCHOSAUR GAMES

XIAOCAIYUAN

HEPALINK

00412

01757

02676

09995

03833

02610

02579

02442

02689

06821

SDHG(00412) rose 25.18%, with a trading turnover 90.1 Million HKD, and a year-to-date rose 27.9%. AFFLUENT FDN(01757) rose 18.86%, with a trading turnover 12.8 Million HKD, and a year-to-date rose 35.5%. NOVOSENSE(02676) rose 13.14%, with a trading turnover 234.7 Million HKD, and a year-to-date rose 22.3%.

Top Gainers & Losers

SDHG

AFFLUENT FDN

NOVOSENSE

XINXIN MINING

NANSHAN AL INTL

CNGR

EASY SMART GP

ND PAPER

Asymchem

Top 10 HK Stock Gainers (1.7)

00966

601336

01336

The Hang Seng Index closed at 26,458 points, down 251 points or 0.9%; the Hang Seng Tech Index reported 5,738 points, down 86 points or 1.5%. Alibaba fell over 3%, with a transaction volume of CNY 276.134 billion. China Life, Nanshan Aluminum International, ND PAPER, CHINA TAIPING, and NCI reached new highs, with active trading

AASTOCKS

CHINA TAIPING

The Hong Kong Index closed at 26,458 points, down 251 points; the Hang Seng Tech Index closed at 5,738 points, down 86 points. Alibaba fell over 3%. China Life, Nanshan Aluminum International, ND PAPER, CHINA TAIPING, and NCI reached new highs with active trading

03887

01931

02643

02670

02858

06666

02655

01440

00580

HASHKEY HLDGS(03887) fell 15.59%, with a trading turnover 152.1 Million HKD, and a year-to-date fell 15.7%. IVD MEDICAL(01931) fell 15.06%, with a trading turnover 5.4 Million HKD, and a year-to-date rose 81.7%. CAOCAO INC(02643) fell 12.35%, with a trading turnover 190.4 Million HKD, and a year-to-date fell 30.9%.

HASHKEY HLDGS

IVD MEDICAL

CAOCAO INC

YUNJI

YIXIN

EVERG SERVICES

GUOXIA TECH

STAR SHINE HLDG

SUN.KING TECH

Top 10 HK Stock Losers (12.18)

000488

200488

01812

Shandong Chenming Paper Holdings Limited shareholders will vote on divesting the finance leasing business at an extraordinary general meeting on December 31, 2025. Shareholders are encouraged to support the proposal. This information, generated by Public Technologies using AI, is for informational purposes and not financial advice. The original content was published by Shandong Chenming Paper via the Hong Kong Stock Exchange's Issuer Information Service.

Reuters

SCPH

CHENMING PAPER

Shandong Chenming Paper Shareholders to Vote on Finance Leasing Business Divestment at Upcoming EGM

02314

Lee & Man Paper Manufacturing Unit Modifies Terms of Loan to JV

marketscreener

LEE & MAN PAPER

Lee & Man Paper Manufacturing Unit Modifies Terms of Loan to JV

600362

00358

600547

01787

01378

HSBC Research released a report providing investment ratings and target prices for commodity stocks. Luoyang Molybdenum Company has a hold rating with a target price of HKD 7.6; China Hongqiao has a buy rating with a target price of HKD 37.4; Aluminum Corporation of China has a buy rating with a target price of HKD 12.3; Jiangxi Copper has a hold rating with a target price of HKD 13; Minmetals Resources has a hold rating with a target price of HKD 3.2; Zijin Mining has a buy rating with a target price of HKD 43; China Nonferrous Mining has a hold rating with a target price of HKD 14.1; Ganfeng Lithium has a buy rating with a target price of HKD 54; Tianqi Lithium has a hold rating with a target price of HKD 49; Ansteel has a hold rating with a target price of HKD 2.1; Maanshan Iron & Steel has a hold rating with a target price of HKD 2.7; Asia Cement has a hold rating with a target price of HKD 2.4; Conch Cement has a buy rating with a target price of HKD 28.7; China Resources Cement Technology has a buy rating with a target price of HKD 2.5; Xinyi Glass has a hold rating with a target price of HKD 7.7; Fuyao Glass has a buy rating with a target price of HKD 91.2; Lee & Man Paper has a hold rating with a target price of HKD 2.4; ND PAPER has a buy rating with a target price of HKD 7.8; Zhaojin Mining has a buy rating with a target price of HKD 37.1; SD-GOLD has a buy rating with a target price of HKD 47; Zijin Gold International has a buy rating with a target price of HKD 178

JCCL

JIANGXI COPPER

SD-GOLD

SD GOLD

CHINAHONGQIAO

HSBC Research's Investment Ratings and Target Prices for Commodity Stocks (Table)

ND PAPER announced a donation of HKD 3 million to the "Tai Po Wang Fuk Court Assistance Fund" established by the government of the Special Administrative Region, to support the government's emergency rescue and post-disaster reconstruction efforts. The group stated that it will work together with all sectors of society to fully cooperate with disaster relief and recovery efforts

ND PAPER donated 3 million yuan to the government’s Tai Po Hong Fu Yuan Assistance Fund

09992

00066

03692

06616

The Hang Seng Index closed at 25,945 points, up 17 points; the Hang Seng Tech Index reported 5,598 points, down 20 points. POP MART rose 6.8%, HANSOH PHARMA, MTR CORPORATION, LEE & MAN PAPER, GLOBAL NEW MAT, and ND PAPER reached new highs. Alibaba fell 2.7%, Xiaomi rose 2.5%, and Tencent fell 1.3%. The total market turnover was HKD 204.728 billion

MTR CORPORATION

HANSOH PHARMA

GLOBAL NEW MAT

According to the "All-Day Express," the Hang Seng Index closed at 25,945 points, up 17 points; the Hang Seng Tech Index closed at 5,598 points, down 20 points. POP MART rose over 6%, HANSOH PHARMA, MTR CORPORATION, LEE & MAN PAPER, GLOBAL NEW MAT, and ND PAPER reached new highs with active trading

The Hang Seng Index closed at 26,014 points, up 86 points; the Hang Seng Tech Index reported 5,626 points, up 7 points. POP MART rose over 8%, MTR CORPORATION, LEE & MAN PAPER, ND PAPER, GLOBAL NEW MAT, and Crystal International reached new highs

The Half-Day Report: The Hang Seng Index closed at 26,014 points, up 86 points; the Hang Seng Tech Index closed at 5,626 points, up 7 points. POP MART rose over 8%, while MTR CORPORATION, LEE & MAN PAPER, ND PAPER, GLOBAL NEW MAT, and Crystal International reached new highs

Lee & Man Paper (2314.HK) showed strong performance today, with significant capital inflow in the morning session, as the market focuses on whether the main upward trend can continue. The daily K-line has recorded consecutive gains for several days, climbing under the support of the 5-day and 10-day moving averages. The MACD red bars have significantly expanded, and the increasing volume indicates the establishment of a bullish pattern. The intraday transaction details show that the main funds are strategically positioning themselves and continuously pushing up, leading to active participation from following investors. On the industrial level, as downstream demand for paper products recovers and industry cost pressures ease marginally, the paper sector's phase of prosperity has improved expectations for the fundamental improvement of Lee & Man Paper. At the same time, marginal benefits from environmental policies and improved profitability of leading enterprises attract long-term capital attention. In the short term, if today's trading can stabilize with increased volume and maintain above the 5-day moving average, it is expected to continue igniting the main upward trend and challenge the previous high-pressure zone. However, caution is needed regarding profit-taking pressure after consecutive gains; if the sector and individual stocks lose momentum and trading volume contracts, the risk of a pullback and adjustment will increase. It is recommended that short-term traders pay attention to the main fund movements and sector linkage signals, flexibly follow the main upward trend, and maintain good volume-price coordination and intraday support

Technical Forecast

Morning Trend | LEE & MAN PAPER sees capital inflow, can the main upward wave continue to ignite?

ND PAPER (2689.HK) recently experienced a sharp drop after a period of high volatility, attracting significant market attention regarding the critical opportunities and risks. After retreating from the recent high, the daily MACD has shown a significant death cross, and the KDJ continues to decline, with trading volume greatly increasing, indicating that some major funds are withdrawing significantly. Throughout the intraday trading, there have been multiple instances of high turnover rates leading to sell-offs, with fund sentiment rapidly deteriorating, intertwining short-term arbitrage and panic selling. 

From a fundamental analysis perspective, the paper manufacturing sector, in which ND PAPER operates, is under pressure due to rising costs of raw materials and transportation, leading to performance challenges. The intensified sector rotation has caused some funds to cash out. However, the company's long-term logic remains robust (such as environmental protection and overseas expansion), which keeps medium to long-term funds optimistic, presenting both a window for trading and a critical risk point. 

In the short term, ND PAPER has strong support at the previous high trading volume area and key moving averages. If there is a significant drop in volume followed by a stabilization with reduced volume, a technical rebound may occur, allowing trading funds to attempt to buy at lower prices. However, if the trading volume does not significantly contract and panic sentiment continues to release, the market may still face further adjustment tests. 

In terms of strategy, it is essential to closely monitor intraday trading volume and the overall sector trend, seizing opportunities for low buying during pullbacks and when sudden movements strengthen, while avoiding blind bottom-fishing that could lead to being trapped

Morning Trend | ND PAPER High Dive Tempts Many, Band Window or Risk Threshold?

02050

600276

STECH

36Kr learned that the Hang Seng Index rose 0.46% at midday, and the Hang Seng TECH Index rose 0.51%; the pharmaceutical and biotechnology, paper, and machinery sectors led the gains, with Hengrui Pharma rising over 5%, SANHUA rising over 4%, and ND PAPER rising over 2%; the media, software services, and coal sectors saw the largest declines, with Youjia Innovation falling over 8%, Kuaishou falling over 2%, and Yanzhou Coal Mining falling over 1%; southbound funds had a net purchase of HKD 602 million

36Kr

SANHUA

Hengrui Pharma

Hang Seng TECH Index

The Hang Seng Index rose 0.46% at midday, and the Hang Seng TECH Index rose 0.51%

Paper Products(IN20336.HK)

Top 10 HK Stock Gainers (1.7)

The Hong Kong Index closed at 26,458 points, down 251 points; the Hang Seng Tech Index closed at 5,738 points, down 86 points. Alibaba fell over 3%. China Life, Nanshan Aluminum International, ND PAPER, CHINA TAIPING, and NCI reached new highs with active trading

Top 10 HK Stock Losers (12.18)

Shandong Chenming Paper Shareholders to Vote on Finance Leasing Business Divestment at Upcoming EGM

Lee & Man Paper Manufacturing Unit Modifies Terms of Loan to JV