Feb 24 14 Nine Dragons Paper (Holdings) Ltd. announced consolidated unaudited earnings results for six months ended Dec. 31, 2013. For the period, the company reported sales of RMB 14,713,844,000, operating profit of RMB 1,759,379,000, profit before income tax of RMB 1,213,999,000, profit for the period of RMB 982,678,000, profit attributable to equity holders of the company of RMB 972,602,000 or RMB 0.21 per basic diluted share, net cash generated from operating activities of RMB 1,500,859,000
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MINI-CASE: NINE DRAGONS PAPER1 The Global Recession "This time is really different. Large and small are all affected. In the past, the big waves would only wash away the sand and leave the rocks. Now the waves are so big, even some rocks are being washed away." - Cheung Yan, co founder and Chairwoman of Nine Dragons Paper2 The first week of January, 2009, was proving to be a challenge for Nine Dragon’s Paper. The company had to repeatedly deny rumors that it was on the edge of bankruptcy. A variety
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But even as she said when speaking about the economic crisis: “Now the waves are so big, even some rocks are being washed away.” The economic crisis of 2008 did not only affect the small companies, but also the large and profitable ones like Nine Paper Dragons. I would summarize the company’s financial status as struggling at the point this article was written. The company’s unsecured notes were rated as BBB- in April, 2008 and downgraded even lower to BB+ in October of 2008. On top of that, even
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CHEUNG YAN: CHINA’S PAPER QUEEN i) Summary of the case Cheung Yan, the co-founder of the Nine Dragons Paper Holdings Company has been one of the richest woman in China with a fortune of US$ 1.35 billion back in November 2006. Cheung was a truly successful business leader in Asia. She started off by setting up a paper recycling unit called America Chung Nam in the United States as the market in Hong Kong was too small for her ambition. The unit collected waste paper and shipped them to China from
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Dragon Name Dragon The word dragon entered the English language in the early 13th century from Old French dragon, which in turn comes from Latin draconem (nominative draco) meaning "huge serpent, dragon", from the Greek word δράκων, drakon (genitive drakontos, δράκοντος) "serpent, giant seafish". The Greek and Latin term referred to any great serpent, not necessarily mythological, and this usage was also current in English up to the 18th century. Morphology A dragon is a mythological representation
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in greater China. She is the founder and director of the family company Nine Dragons Paper Holdings, a recycling company that buys scrap paper from the United States, imports it into China, and mainly turns it into cardboard for use in boxes to export Chinese goods. The company is China's biggest paper maker. Zhang Yin and her husband left for the United States. In America, the enterprise that would become Nine Dragons was born. Because there was a shortage of paper materials in China, her
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PROLOGUE Fortress of the Light Pedron Niall's aged gaze wandered about his private audience chamber, but dark eyes hazed with thought saw nothing. Tattered wall hangings, once battle banners of the enemies of his youth, faded into dark wood paneling laid over stone walls, thick even here in the heart of the Fortress of the Light. The single chair in the room heavy, high-backed, and almost a throne - was as invisible to him as the few scattered tables that completed the furnishings. Even the
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Name: Institution: Course: Date: The role of violence in the world of Beowulf In the poem, Beowulf is an aging king who wears the identity of a warrior has different faces according to the situation at the moment. The poet describes Beowulf as “ greater/ and stronger than anyone anywhere in this world” implying that he was a strong man but still as any human being, he was mortal (Warsh et. al., 8). Violence in the poem is surfacing as a tool to venerate superiority. The poet explains Beowulf’s
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all fly like dragons this year, guys I am extremely surprised with the news that this year is going to see an exponential rise in the birthrate in Asian nations, typically, China and Vietnam for the belief that any child who comes in being in this special period is endowed with a lucky life. For years, dragon has been regarded a legendary animal and associated with power, activeness, superiority and other good traits. Hoping that their off-springs to have the same life as the dragons’, millions of
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Cruelty The prophet David from the Bible who spoke of false accusations people make, an angry dragon from Scandinavia whose fury could not be withheld, and a man who knows the brutality of human nature. Though all different situations, they share a common theme, cruelty. Cruelty in gossip, cruelty in temper, and cruelty in nature. Cruelty can be found in all types of literature even as old as the Bible. “Deliver me not over unto the will of mine enemies: for false witnesses are risen up risen
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