Summary by Futu AI
ND PAPER issued a profit warning on August 23, 2024, forecasting a shareholder's attributable profit of approximately 0.7 billion to 0.8 billion RMB for the fiscal year ending June 30, 2024, a significant improvement compared to the loss of 2.3834 billion RMB in the same period last year. The increase in profit is mainly due to the increase in annual sales volume and gross margin. However, this forecast has not been audited or reviewed by auditors or review committees, and the final performance announcement is expected to be released by the end of September 2024. The company reminds shareholders and potential investors to trade with caution.