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Nine Dragons Paper Holdings ( (HK:2689) ) just unveiled an announcement.
Nine Dragons Paper Holdings Limited has announced a positive profit alert for the year ended June 30, 2025, expecting a significant increase in profits ranging from RMB2,100 million to RMB2,300 million, compared to RMB793.9 million the previous year. This growth is attributed to increased sales volume and a decrease in raw material costs, which outpaced the decline in product selling prices, enhancing gross profit. The issuance of USD400 million perpetual capital securities in June 2024 contributed to a profit attributable to equity holders ranging from RMB1,700 million to RMB1,900 million, marking a substantial rise from the previous year’s RMB750.7 million. Stakeholders are advised to exercise caution as the results are preliminary and subject to finalization.
The most recent analyst rating on (HK:2689) stock is a Buy with a HK$6.20 price target. To see the full list of analyst forecasts on Nine Dragons Paper Holdings stock, see the HK:2689 Stock Forecast page.
More about Nine Dragons Paper Holdings
Nine Dragons Paper Holdings Limited is a company incorporated in Bermuda, primarily engaged in the manufacturing of paper products. The company operates within the paper industry, focusing on the production and sale of a variety of paper products, with a significant market presence in Hong Kong.
Average Trading Volume: 12,853,975
Technical Sentiment Signal: Hold
Current Market Cap: HK$23.04B
For detailed information about 2689 stock, go to TipRanks’ Stock Analysis page.