ND PAPER (02689) announced that the expected annual profit attributable to shareholders is between approximately 1.7 billion and 1.9 billion, a year-on-year increase of 126% to 153%.

ND PAPER (02689) announced that the group is expected to achieve a profit of approximately RMB 2.1 billion to RMB 2.3 billion for the current year (ending June 30, 2025), an increase of 165% to 190% from the RMB 0.794 billion in the previous year. This profit growth is mainly attributed to an increase in sales volume and a significant decrease in raw material costs, which is faster than the decrease in product selling prices, leading to an increase in gross profit. The company issued $400 million perpetual capital securities in June 2024. The attributable profit to the holders of the perpetual capital securities for the current year is approximately RMB 400 million. Therefore, the group expects the attributable profit to equity holders of the company to be approximately RMB 1.7 billion to RMB 1.9 billion for the current year, an increase of 126% to 153% from the RMB 0.751 billion in the previous year.