Summary by Futu AI
ND Paper announced its full-year performance for the fiscal year ending on June 30, 2024 on September 25, 2024, showing a significant improvement in the company's operation. During the reporting period, sales increased by 18.3%, revenue increased by 4.9% to RMB 59,496.4 million. Gross profit increased significantly by 273.2% to RMB 5,711.5 million. The net profit attributable to equity holders of the company is approximately RMB 750.7 million, with basic earnings per share of approximately RMB 0.16. This performance reflects the company's successful turnaround from losses to profits by optimizing raw material structure, enhancing operational efficiency, and cost control capabilities in the face of market challenges. Additionally, the company further expanded its market coverage during the reporting period and commenced operations at a new base in Beihai, Guangxi, enhancing its market competitiveness. ND Paper did not declare dividends for the fiscal year ending on June 30, 2024.