NINE DRAGONS PAPER Reports Earnings Results for Q2 of FY2023.
March 17, 2023
Earnings Overview
NINE ($BER:N3Y) DRAGOS PAPER released their financial information for the second quarter of FY2023, ended on December 31 2022. Revenue for the quarter totaled CNY -1.4 billion, a decrease of 150.2% compared to the year prior. The company reported net income of CNY 31.2 billion, a decrease of 9.5% from the prior year.
Market Price
On Monday, NINE DRAGONS PAPER released its earnings report for the second quarter of FY2023. In terms of stock performance, NINE DRAGONS PAPER stock opened at €0.6 and closed at €0.6, down by 0.8% from the previous closing price of 0.6. Analysts agree that the company’s earnings results were in line with expectations and that the long-term outlook remains positive. The company will continue to focus on expanding its international footprint and investing in product development to maintain its competitive edge in the paper industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for N3Y. More…
| Total Revenues | Net Income | Net Margin |
| 61.26k | -888.16 | -1.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for N3Y. More…
| Operations | Investing | Financing |
| 2.56k | -17.2k | 14.81k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for N3Y. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 113.83k | 68.04k | 9.67 |
Key Ratios Snapshot
Some of the financial key ratios for N3Y are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.9% | -15.1% | 0.1% |
| FCF Margin | ROE | ROA |
| -24.4% | 0.0% | 0.0% |
Analysis
At GoodWhale, we have performed an in-depth analysis of NINE DRAGONS PAPER’s financials. Through our analysis, we have determined that NINE DRAGONS PAPER is a medium risk investment in terms of both financial and business aspects. In other words, it is not overly risky to invest in NINE DRAGONS PAPER, but investors should still be aware of potential pitfalls. During our analysis, we detected two risk warnings in the income sheet and balance sheet. We recommend that any investors who are considering investing in NINE DRAGONS PAPER register with us to learn more about the associated risks. We believe that this information is essential for any investor looking to make a well-informed decision before investing. More…
Summary
Nine Dragons Paper reported a highly negative financial performance for the second quarter of FY2023, with total revenue amounting to CNY -1.4 billion and a net income of CNY 31.2 billion, representing decreases of 150.2% and 9.5%, respectively, from the same period in the previous year. From an investment perspective, this weak quarter could indicate potential risk in Nine Dragons Paper’s future growth and profitability, leading investors to have concerns about their holding of Nine Dragons Paper stock. Investors should closely monitor the company’s future performance to better understand the risk and reward of investing in Nine Dragons Paper.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
