ND Paper (02689) announced its full-year results for the year ended June 30, 2025, showing sales volume increased 9.6% to approximately 21.5 million tons, revenue rose approximately 6.3% to 63.241 billion yuan, gross profit increased approximately 26.9% to 7.245 billion yuan, and profit attributable to equity holders of the company surged approximately 135.4% to 1.767 billion yuan, with basic earnings per share of 0.38 yuan.

According to the announcement, revenue growth was primarily driven by the net effect of a sales volume increase of approximately 9.6% and an average selling price decrease of approximately 3.0%. The gross profit margin increased from 9.6% in fiscal year 2024 to approximately 11.5% in fiscal year 2025, mainly attributable to raw material costs declining more significantly and rapidly than the decrease in product selling prices.