ND PAPER(02689) Announces Annual Results, Profit Attributable to Shareholders Reaches RMB 3.581 Billion, Up 102.62% Year-on-Year

ND PAPER(02689) Announces Annual Results, Profit Attributable to Shareholders Reaches RMB 3.581 Billion, Up 102.62% Year-on-Year ND PAPER(02689) announced its annual results for the year ended June 30, 2026. The Group recorded revenue of approximately RMB 75 billion (same unit below), representing a year-on-year increase of 18.6%; profit attributable to equity holders of the Company was RMB 3.581 billion, representing a year-on-year increase of 102.62%; basic earnings per share were RMB 0.76, and a final dividend of 10 cents per share was proposed. As of June 30, 2026, the Group's total designed annual production capacity for packaging paperboard, cultural paper, high-value specialty paper and pulp products was approximately 30.9 million tonnes, of which kraftliner board, high-value specialty paper and pulp products, high-strength corrugating medium, white card paper, cultural paper and coated grey back white board paper were approximately 12.8 million tonnes, 6.4 million tonnes, 3.7 million tonnes, 3.0 million tonnes, 3.0 million tonnes and 2.0 million tonnes, respectively. The four US pulp and paper mills have an annual production capacity of approximately 1.3 million tonnes of products (including approximately 900,000 tonnes of annual production capacity for single-coated paper, art paper and coated mechanical pulp paper used for cultural paper and specialty paper products; and approximately 400,000 tonnes of annual production capacity for recycled pulp and wood pulp products). The Group's sales volume for the 2026 financial year reached approximately 24.5 million tonnes, an increase of approximately 14.0% from 21.5 million tonnes in the 2025 financial year. The increase in sales volume was driven by an increase of approximately 2.6 million tonnes in sales volume from China operations. In the 2026 financial year, the sales volumes of kraftliner board, white card paper, high-strength corrugating medium and coated grey back white board paper increased by approximately 7.0%, 95.1%, 9.0% and 2.5%, respectively, compared with the 2025 financial year. The Group's revenue continued to be mainly derived from the China market (especially the kraftliner board, high-strength corrugating medium, coated grey back white board paper and white card paper businesses). In the 2026 financial year, revenue related to China consumption accounted for 87.9% of the Group's total revenue, while the remaining 12.1% of revenue was sales achieved in countries other than China.