HK Stock Market Move | ND PAPER (02689) opened nearly 15% higher, with an expected mid-term profit growth of 216% to 230.7% year-on-year.

ND PAPER (02689) opened nearly 15% higher, and as of the time of writing, it was up by 14.88% at 8.57 Hong Kong dollars, with a trading volume of 70.703 million Hong Kong dollars. On the news front, on January 28th, ND PAPER announced that it expects to achieve a profit of approximately 2.15 billion to 2.25 billion Chinese yuan for the six months ending December 31, 2025, an increase of 216.0% to 230.7% compared to 680 million yuan in the same period last year. This significant increase in gross profit is mainly due to an increase in product sales volume and prices, as well as a decrease in raw material costs. The announcement also stated that the company issued 400 million US dollars perpetual capital securities in June 2024. The profit attributable to holders of perpetual capital securities for the period is approximately 201 million yuan. Therefore, the Group expects the profit attributable to equity holders of the Company to be between approximately 1.95 billion and 2.05 billion yuan for this period, an increase of 315.2% to 336.5% compared to 470 million yuan in the same period last year.