Nine Dragons Paper (02689.HK) announces a profit increase, with expected annual profit attributable to shareholders to be approximately between 1.7 billion and 1.9 billion yuan, a year-on-year increase of 126% to 153%.

Wisdom Financial News APP News, Nine Dragons Paper (02689.HK) announced that the group is expected to achieve a profit of approximately 2.1 billion yuan to 2.3 billion yuan for the current fiscal year (ending June 30, 2025), an increase of 165% to 190% from the 794 million yuan in the previous year. This profit growth is mainly due to an increase in sales volume, and the decrease in raw material costs is significantly faster than the decrease in product selling price, thereby driving an increase in gross profit.