ND PAPER (02689) has announced that the Group expects to achieve a profit for the current period (the six months ending December 31, 2025) in the range of approximately RMB2.15 billion to RMB2.25 billion. This represents a significant increase of 216.0% to 230.7% compared to the profit of RMB680 million recorded in the same period last year.

The substantial profit growth is primarily attributed to a sharp increase in gross profit, driven by higher sales volumes, rising selling prices, and a decrease in raw material costs.

The company issued USD 400 million in perpetual capital securities in June 2024.

The profit attributable to holders of these perpetual capital securities for the current period is approximately RMB201 million.

Consequently, the Group expects the profit attributable to equity holders of the company for the current period to be between approximately RMB1.95 billion and RMB2.05 billion, marking a substantial increase of 315.2% to 336.5% compared to the RMB470 million reported in the prior year period.