* （ 於 開 曼 群 島 註 冊 成 立 及 其 成 員 責 任 為 有 限 ） 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 布 之 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 會 就 本 公 布 全 部 或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （ 股 份 編 號 ： 2314 ） 董事會會議通告 理文造紙有限公司（「本公司」）董事會（「董事會」）欣然宣布，本公司之董事會會議將 於 202 6 年 3 月 1 0 日 舉 行 ， 藉 以（其中包括）批 准 本 公 司 及 其 附 屬 公 司 截 至 2 0 2 5 年 1 2 月 3 1 日 止 年 度 之業績及其發布，以及考慮派發 末 期股息 。 承董事會命 香港，202 6年2月2 6日 於 本 公布 日 期 ， 本 公 司 董事 會 成 員 包 括 五 位執 行 董 事 ， 計 有李 文 俊 博 士 、 李 文斌 先生、葉向勤先生、李浩中先生及李經緯先生以及三位獨立非執行董事， ...

Group 1 - The core viewpoint of the article highlights that Lee & Man Paper Manufacturing (02314) has seen its stock price increase by over 30% year-to-date, with a current rise of 3.51% to HKD 3.83 [1] - The company expects to achieve a profit of approximately HKD 1.88 billion to HKD 2.00 billion by 2025, representing a year-on-year growth of 38% to 47% [1] - The profit growth is primarily attributed to an increase in the company's marginal profit [1] Group 2 - Citibank has upgraded Lee & Man Paper's investment rating from "Sell" to "Buy," significantly raising the target price by 75% from HKD 2.40 to HKD 4.20 [1] - This adjustment is based on the assessment that the profitability cycle of the paper industry has bottomed out and is gradually improving [1]

Core Viewpoint - Lee & Man Paper Manufacturing (02314) has seen its stock price increase by over 30% year-to-date, with a recent rise of 3.51% to HKD 3.83, supported by a trading volume of HKD 53.6282 million [1] Group 1: Company Performance - Lee & Man Paper expects to achieve a profit of approximately HKD 1.88 billion to HKD 2.00 billion by 2025, representing a year-on-year growth of 38% to 47% [1] - The profit growth is primarily attributed to an increase in the company's marginal profit [1] Group 2: Analyst Ratings - Citibank has upgraded Lee & Man Paper's investment rating from "Sell" to "Buy" [1] - The target price has been significantly raised by 75%, from HKD 2.40 to HKD 4.20, based on the assessment that the profitability cycle in the paper industry has bottomed out and is gradually improving [1]

每经AI快讯，理文造纸(02314.HK)涨近3%，截至发稿，涨2.44%，报3.78港元，成交额23.81万港元。 ...

Core Viewpoint - Lee & Man Paper Manufacturing (02314) anticipates a profit of approximately HKD 1.88 billion to HKD 2.00 billion for 2025, representing a year-on-year growth of 38% to 47% due to rising marginal profits [1] Group 1: Company Performance - The company's stock rose nearly 3% following the profit announcement, with a current price of HKD 3.78 and a trading volume of HKD 238,100 [1] - Citigroup's report indicates that the most challenging period for the paper industry may be over, with expectations for moderate improvement in the future [1] - Lee & Man Paper is expected to announce its full-year results for 2025 in early March 2026, which could serve as a positive catalyst for the stock price [1] Group 2: Business Segments - The profit recovery for Lee & Man Paper is primarily driven by the rebound in profit margins for its core products: containerboard and sanitary paper [1] - The gross margin is projected to improve significantly, with an expected year-on-year expansion of 4.3 percentage points in the second half of 2025, and a 1.1 percentage point increase compared to the first half [1] - Sales are also expected to recover, with a projected year-on-year increase of 5.9% in the second half of 2025, reaching approximately HKD 14.288 billion, reversing the decline experienced in the first half due to falling product prices [1]

Group 1 - The core viewpoint of the article is that Lee & Man Paper Manufacturing (02314) has announced a positive profit forecast for 2025, expecting earnings between HKD 18.8 billion and HKD 20.0 billion, representing a year-on-year growth of 38% to 47% due to rising marginal profits [1][1][1] - The company’s stock price increased by nearly 3% following the profit announcement, with a current trading price of HKD 3.78 and a transaction volume of HKD 238,100 [1][1][1] - Citigroup's report indicates that the most challenging period for the paper industry may be over, with expectations of moderate improvement in the future [1][1][1] Group 2 - The profit recovery for Lee & Man Paper is primarily driven by the rebound in profit margins for its core products, corrugated paper and sanitary paper [1][1][1] - The gross margin is expected to show a significant improvement, with a projected increase of 4.3 percentage points year-on-year in the second half of 2025, and a 1.1 percentage point increase compared to the first half of 2025 [1][1][1] - Sales are anticipated to recover, with a forecasted year-on-year increase of 5.9% in the second half of 2025, reaching approximately HKD 14.288 billion, reversing the decline experienced in the first half due to falling product prices [1][1][1]

格隆汇2月4日丨理文造纸(02314.HK)发布盈喜，集团预计将录得截至2025年12月31日止年度公司的年度 盈利约18.8亿港元至20.0亿港元之间，较截至2024年12月31日止年度13.6亿港元增长38%至47%。该盈利 增长主要由于集团边际利润上升。 ...

智通财经APP讯，理文造纸(02314)公布，该集团预期于2025年取得盈利约18.8亿港元至20.0亿港元，同 比增长38%至47%。该盈利增长主要由于集团边际利润上升。 ...

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布之內容概不 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 會 就 本 公 布 全 部或任何部分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。 * （於開曼群島註冊成立及其成員責任為有限） （股 份 編 號：2314） 正面盈利預告 本公布乃本公司根據上市規則第13.09條以及證券及期貨條例第XIVA部項下 之 內 幕 消 息 條 文 發 出。 董 事 會 謹 此 知 會 股 東 及 有 意 投 資 者，根 據 對 本 集 團 管 理 賬 目 之 初 步 審 閱，本 集團預計將錄得本年本公司之年度盈利約18.8億港元至20.0億 港 元 之 間，較 去 年13.6億港元增長38%至47%。該 盈 利 增 長 主 要 由 於 本 集 團 邊 際 利 潤 上 升。 股 東 及 有 意 投 資 者 於 買 賣 本 公 司 證 券 時 務 請 審 慎 行 事。 股 東 及 有 意 投 資 者 於 買 賣 本 公 司 證 券 時 務 請 審 慎 行 事。 承董事會命 理文造紙有限公司 主 席 李文俊 ...

Group 1 - The core viewpoint of the article indicates that the stock of Lee & Man Paper Manufacturing (02314) has seen a significant transfer of shares from BNP Paribas to UBS Securities Hong Kong Limited, with a market value of HKD 2.117 billion, representing 14.09% of the total shares [1] - Citigroup has upgraded Lee & Man Paper's investment rating from "Sell" to "Buy," with a substantial target price increase of 75%, raising it from HKD 2.4 to HKD 4.2 [1] - This adjustment in rating is based on the assessment that the profitability cycle of the paper industry has bottomed out and is gradually improving, with Lee & Man Paper's current price reflecting a forecasted price-to-earnings ratio of 8 times and offering a dividend yield of 4.2%, indicating attractive valuation [1]