---
title: "玖龍紙業(控股)有限公司 (02689.HK)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/02689.HK.md"
symbol: "02689.HK"
name: "玖龍紙業(控股)有限公司"
industry: "紙制品"
---

# 玖龍紙業(控股)有限公司 (02689.HK)

| Item | Detail |
|------|--------|
| Industry | 紙制品 |
| Location | 港股市場 |
| Website | [www.ndpaper.com](https://www.ndpaper.com) |

## Company Profile

玖龍紙業(控股)有限公司是一家主要從事紙張以及木漿的生產和銷售的公司。公司從事生產和銷售卡紙、高強瓦楞芯紙、塗布灰底白板紙及其他產品。此外,公司還從事生產和銷售文化用紙、高價特種紙及漿產品。該公司已在中國及越南,馬來西亞,美國等海外國家建立了造紙基地。該公司擁有與生產相配套的熱電聯產、倉儲、物流系統。

## Financial Score

> *Longbridge Financial Score™ — Proprietary multi-factor rating model by [Longbridge](https://longbridge.com). This score is independently calculated by Longbridge and is not affiliated with any third-party rating agency.*
> Updated: 2026-02-21T04:30:11.000Z

**Overall: C (0.48)**

**Industry**: Paper Products

| Metric | Value |
|--------|-------|
| Industry Ranking | 1 / 4 |
| Industry Median | C |
| Industry Average | D |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Mid - The company has stable operation of a large-cap stock and the high return of a small-cap stock.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 6.45% |  |
| Net Profit YoY | 135.76% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 0.89 |  |
| Dividend Ratio | 0.00% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 46.12B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 68.58B |  |


**Multi Score**: C

#### Profit Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 3.60% | C |
| Profit Margin | 3.43% | C |
| Gross Margin | 11.46% | D |

#### Growth Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 6.45% | C |
| Net Profit YoY | 135.76% | A |
| Total Assets YoY | 9.71% | B |
| Net Assets YoY | 6.33% | B |

#### Cash Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | 3578.76% | A |
| OCF YoY | 6.45% | C |

#### Operating Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.44 | C |

#### Debt Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 66.04% | D |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 玖龍紙業(控股)有限公司",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "C",
      "indicators": [
        {
          "name": "ROE",
          "value": "3.60%",
          "rating": "C"
        },
        {
          "name": "Profit Margin",
          "value": "3.43%",
          "rating": "C"
        },
        {
          "name": "Gross Margin",
          "value": "11.46%",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "B",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "6.45%",
          "rating": "C"
        },
        {
          "name": "Net Profit YoY",
          "value": "135.76%",
          "rating": "A"
        },
        {
          "name": "Total Assets YoY",
          "value": "9.71%",
          "rating": "B"
        },
        {
          "name": "Net Assets YoY",
          "value": "6.33%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "B",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "3578.76%",
          "rating": "A"
        },
        {
          "name": "OCF YoY",
          "value": "6.45%",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "C",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.44",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "D",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "66.04%",
          "rating": "D"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 玖龍紙業 (HK.2689) | C | B | C | D | B | C |
| 02 | 理文造紙 (HK.2314) | C | C | C | C | B | C |
| 03 | 綜合環保集團 (HK.923) | E | D | E | A | D | D |
| 04 | 晨鳴紙業 (HK.1812) | E | E | E | E | E | E |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 23.80 | 2/4 | 20.42 | 15.21 | 13.71 |
| PB | 0.89 | 3/4 | 0.56 | 0.48 | 0.30 |
| PS (TTM) | 0.66 | 2/4 | 0.41 | 0.36 | 0.22 |
| Dividend Yield | 0.00% | - | - | - | - |

## Institutional View

### Analyst Rating Distribution

> As of 2026-02-04T16:00:00.000Z

Total Analysts: **11**

| Rating | Count | Percentage |
|--------|-------|-----------|
| Buy | 7 | 64% |
| Overweight | 0 | 0% |
| Hold | 3 | 27% |
| Underweight | 0 | 0% |
| Sell | 1 | 9% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 9.83 |
| Highest Target | 9.50 |
| Lowest Target | 3.83 |

## References

- [Company Overview](https://longbridge.com/en/quote/02689.HK/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/02689.HK/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/02689.HK/topics.md) - Community topics and discussions

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.