消息面上，据纸引未来网，玖龙多个基地发布最新调价通知，其中最高上调50元/吨。此外，玖龙纸业 将于9月24日(本周三)举行董事会会议，以审批(其中包括)公司及其附属公司截至2025年6月30止年度末 期业绩及其发布。该公司此前发盈喜，预计将取得本年度(截至2025年6月30日止)盈利约人民币21亿元 至人民币23亿元之间，较去年度人民币7.94亿元增长165%至190%。 申万宏源认为，Q3行业逐渐进入旺季，箱板瓦楞纸赛道已开始小幅提价。此外海外浆厂控产意愿强 烈，浆价亦有小幅反弹，对纸价形成支撑。造纸行业过去受需求疲软、新增产能持续投放影响，行业开 工率处于低位，部分赛道处于亏损状态，随着反内卷带来的潜在供给改善可能，行业供需有望改善。 玖龙纸业(02689)涨超3%，截至发稿，涨3.42%，报6.05港元，成交额4068.04万港元。 ...

智通财经APP获悉，玖龙纸业(02689)涨超3%，截至发稿，涨3.42%，报6.05港元，成交额4068.04万港 元。 消息面上，据纸引未来网，玖龙多个基地发布最新调价通知，其中最高上调50元/吨。此外，玖龙纸业 将于9月24日(本周三) 举行董事会会议，以审批(其中包括)公司及其附属公司截至2025年6月30止年度末 期业绩及其发布。该公司此前发盈喜，预计将取得本年度(截至2025年6月30日止)盈利约人民币21亿元 至人民币23亿元之间，较去年度人民币7.94亿元增长165%至190%。 申万宏源认为，Q3行业逐渐进入旺季，箱板瓦楞纸赛道已开始小幅提价。此外海外浆厂控产意愿强 烈，浆价亦有小幅反弹，对纸价形成支撑。造纸行业过去受需求疲软、新增产能持续投放影响，行业开 工率处于低位，部分赛道处于亏损状态，随着反内卷带来的潜在供给改善可能，行业供需有望改善。 ...

玖龙纸业(02689.HK)公告，将于2025年9月24日(星期三)在香港九龙观塘海滨道181号One Harbour Square22楼1室举行董事会会议，藉以审批(其中包括)公司及其附属公司截至2025年6月30日止年度末期 业绩及其发布，以及考虑宣派末期股息(如有)。 ...

（於百慕達註冊成立的有限公司） （股份代號：2689） 董事會召開日期 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 於本公告刊發日期，本公司董事會由六名執行董事張茵女士、劉名中先生、 張成飛先生、Ken Liu先生、張連鵬先生及張連茹女士；以及四名獨立非執 行董事林耀堅先生、陳曼琪女士、李惠群博士及曹振雷博士組成。 * 僅供識別 香港，二零二五年九月十二日 玖龍紙業(控股)有限公司 (「本公司」) 董事會 (「董事會」)謹此公佈將於二零 二五年九月二十四日(星期三) 在香港九龍觀塘海濱道181號One Harbour Square 22 樓1室舉行董事會會議，藉以審批(其中包括)本公司及其附屬公司截至二零二五年 六月三十日止年度末期業績及其發佈，以及考慮宣派末期股息(如有)。 承董事會命 玖龍紙業(控股)有限公司 公司秘書 鄭慧珠 ...

Group 1 - The paper industry stocks experienced a rise in early trading, with Lee & Man Paper (02314) up 5.17% to HKD 3.05, Nine Dragons Paper (02689) up 4.63% to HKD 5.88, and Chenming Paper (01812) up 4.6% to HKD 0.91 [1] - Major paper manufacturers, including Nine Dragons Paper, Shanying International, Lee & Man Paper, and Wuzhou Special Paper, have announced price increases for certain products starting in early September [1] - Since August, domestic paper manufacturers have implemented multiple rounds of price hikes, indicating a trend towards rising prices in the industry [1] Group 2 - According to Industrial Securities, as the fourth quarter approaches the traditional peak season, both pulp and paper prices are expected to continue rising, supported by anti-involution policies [1] - Huashan Securities previously noted that under the national "anti-involution" backdrop and supply-side structural reforms, the packaging paper industry may see the exit of outdated production capacity, improving supply-demand balance and driving up paper prices, which would enhance profitability for paper companies [1]

Group 1 - The Hong Kong paper industry stocks collectively rose, with Chenming Paper up 4.6%, Lee & Man Paper up over 3%, and Nine Dragons Paper up over 2% [1] - Major paper manufacturers such as Nine Dragons Paper, Shanying International, Lee & Man Paper, and Wuzhou Special Paper announced price increases for certain products in early September, indicating a potential last opportunity for price hikes before the traditional peak season [1] - The paper packaging industry is facing challenges due to an imbalance in supply and demand as new production capacities come online, making it difficult for companies like Nine Dragons to maintain stability in a volatile market [1] Group 2 - Shanying Paper announced a maintenance shutdown plan during the National Day holiday, affecting 12 paper lines across multiple bases in Anhui, Zhejiang, Central China, Fujian, Guangdong, and Jilin, with shutdown durations ranging from 4 to 8 days, concentrated from September 29 to October 6 [1]

Core Viewpoint - The white card paper industry is experiencing a price increase due to operational pressures and anticipated seasonal demand, following a trend of price declines earlier in the year [1][3][6]. Price Increase Announcement - Six major white card paper companies announced a price increase of 100 yuan/ton effective September 1, 2025, following previous price adjustments earlier in the year [1][2]. - This marks the third price increase notification for white card paper in 2025 [2]. Reasons for Price Increase - The price adjustments are attributed to rising operational costs and a recovery in demand, particularly as the traditional demand season approaches [3][6]. - APP (China) cited the need to maintain normal operations and product quality as a reason for the price hike, while Nine Dragons Paper pointed to improving market demand [3][6]. Market Conditions - The white card paper market has been under pressure, with prices at a low point for the year and theoretical profitability in a negative state [1][6]. - The overall performance of the paper industry has been declining, with only 6 out of 20 listed paper companies reporting profit growth in the first half of 2025 [1][6]. Impact of Corrugated Paper Prices - The increase in white card paper prices is influenced by the rising prices of corrugated paper, which saw significant price hikes in August due to increased raw material costs [4][6]. - The average gross margin for the corrugated paper industry improved slightly in August, indicating a potential positive trend for the overall paper market [4]. Future Outlook - The sustainability of the price increase remains uncertain, as the market is still expanding, and demand recovery is crucial for the success of the price hikes [7]. - Analysts suggest that if demand does not improve, there may be downward pressure on prices, with expectations of a potential decline of 0.15% to 0.53% in average prices for September compared to August [7].

Core Viewpoint - The white card paper market is experiencing a price increase due to operational pressures and an anticipated demand recovery, following a period of price decline and industry losses [1][7][8]. Group 1: Price Adjustments - Six major white card paper companies announced a price increase of 100 yuan/ton effective September 1, 2025, following previous price hikes earlier in the year [1][2]. - This marks the third price adjustment for white card paper in 2025, with earlier increases attributed to rising operational costs and a need to align prices with actual usage value [2][8]. - The price of corrugated paper has also risen significantly, with increases ranging from 130 to 260 yuan/ton since August, driven by higher raw material costs [4]. Group 2: Market Conditions - The white card paper market has been under pressure, with theoretical profitability in the industry being negative, leading to operational challenges for companies [1][7]. - Demand is expected to increase due to seasonal factors, including upcoming holidays and specific orders, which may help alleviate supply-demand imbalances [3][8]. - The overall performance of the paper industry has been poor, with only 6 out of 20 listed companies reporting profit growth in the first half of 2025, while others faced significant declines [1][7]. Group 3: Future Outlook - The success of the recent price increases will depend on the improvement of market demand and the willingness of downstream buyers to accept higher prices [8]. - Despite rising costs supporting price increases, demand remains weak, leading to cautious market sentiment and potential downward pressure on prices [8].

Group 1 - The core viewpoint is that major paper manufacturers, including Nine Dragons Paper (玖龙纸业), have announced price increases for certain products starting in early September, contributing to a nearly 5% rise in the company's stock price [1] - Since August, domestic paper manufacturers have implemented multiple rounds of price increases, indicating a trend towards strengthening packaging paper prices, which is expected to improve profitability and valuation for packaging paper companies [1] - Huazhong Securities noted that since 2020, the oversupply in the paper industry has intensified, leading companies to adopt competitive strategies focused on price over volume, resulting in significant profit pressure in the paper-making segment [1] Group 2 - The backdrop of the national "anti-involution" policy and potential supply-side structural reforms may facilitate the exit of outdated production capacity in the packaging paper industry, helping to align supply and demand, thereby driving up paper prices and enhancing profitability for paper companies [1]

Group 1 - The core viewpoint of the article highlights that major paper manufacturers, including Nine Dragons Paper Holdings (玖龙纸业), have announced price increases for certain products starting in early September, contributing to a nearly 5% rise in the company's stock price [1] - Since August, domestic paper manufacturers have implemented multiple rounds of price hikes, indicating a trend towards strengthening packaging paper prices, which is expected to improve profitability and valuation for packaging paper companies [1] - According to Huatai Securities, the oversupply situation in the paper industry has intensified since 2020, leading companies to adopt competitive strategies focused on price over volume, resulting in significant profit pressure in the paper manufacturing sector [1] Group 2 - The backdrop of the national "anti-involution" policy and potential supply-side structural reforms may facilitate the exit of outdated production capacity in the packaging paper industry, improving supply-demand balance and driving paper prices upward, thereby enhancing profitability for paper companies [1]