ND PAPER's stock price soared 10.53% intraday on Wednesday, reflecting a significant upward movement.

The surge follows the company's recent announcement of price increases for its packaging paper products. ND PAPER issued synchronized price hike notices across its ten major production bases, including Dongguan, Taicang, Quanzhou, Chongqing, and Leshan, covering main grades such as corrugated paper and kraft paperboard with a standard raise of RMB 50 per ton.

Analysts note that domestic prices for packaging paper have been steadily climbing, and the comprehensive price hikes from leading manufacturers like ND PAPER are expected to support further upward trends. Additionally, the company's current stock price implies a low forward P/E ratio, highlighting a potential valuation recovery opportunity from its current base.