ND PAPER (02689) issued a positive profit forecast, expecting an annual profit of approximately 3.9 billion to 4.1 billion yuan, a year-on-year increase of 77.1% to 86.2%.

ND PAPER (02689) announced that the group expects to achieve a profit of approximately RMB 3.9 billion to RMB 4.1 billion for the year ending June 30, 2026, representing an increase of 77.1% to 86.2% compared to the profit of RMB 2.2017 billion for the year ending June 30, 2025. This growth in profit is primarily driven by an increase in sales volume; the rise in product prices, both in magnitude and speed, is significantly higher than the increase in raw material costs, thus driving the growth in gross profit. The company will issue USD 400 million of perpetual capital securities in June 2024. The profit attributable to holders of perpetual capital securities for the current year is expected to be approximately RMB 375.6 million. As a result, the group anticipates that the profit attributable to equity holders of the company for the current year will be between RMB 3.4 billion and RMB 3.6 billion, an increase of 92.4% to 103.7% compared to last years RMB 1.7671 billion. The company has fully redeemed the outstanding perpetual capital securities that were not yet due on August 11, 2026. The USD 400 million perpetual capital securities have been redeemed and cancelled, and have been delisted from the Singapore Exchange Limited.