shares of nine dragons paper holdings ltd slumped as investor sentiment soured after the chinese paperproduct supplier swung to a loss in its first half the stock fell as much as 59 thursday and was recently 15 lower the decline came after nine dragons posted net loss of 139 billion yuan 2017 million for the six months ended december as rawmaterial costs rose and sales fell amid chinas strict pandemic curbs during the period citi analysts slashed their fullyear forecast citing the worsethanexpected results they said in a note that they now expect nine dragons to remain unprofitable throughout the fiscal year as opposed to projecting an annual profit citi pointed to a likely turnaround as early as the second quarter of the calendar year but maintained a neutral rating on the stock saying the current valuation appears to have priced in the prospect of an earnings recovery