Nine Dragons Paper Marks Remarkable Profit Recovery

Nine Dragons Paper Holdings (HK:2689) has released an update.

Nine Dragons Paper Holdings reports a significant turnaround in its annual financial results for FY2024, with sales volume surging by 18.3% and revenue climbing to RMB 59.5 billion, a 4.9% increase. The company’s gross profit soared by a staggering 273.2%, resulting in a net profit of RMB 750.7 million for equity holders, contrasting sharply with the previous year’s loss.

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