Financial Performance - Revenue for the fiscal year ending June 30, 2025, reached RMB 63,240.5 million, representing a 6.3% increase from RMB 59,496.4 million in 2024[13] - Gross profit increased by 26.9% to RMB 7,245.1 million, up from RMB 5,711.5 million in the previous year[13] - Operating profit rose by 48.8% to RMB 3,936.6 million, compared to RMB 2,645.1 million in 2024[13] - Profit attributable to equity holders surged by 135.4% to RMB 1,767.1 million, up from RMB 750.7 million in 2024[13] - Basic and diluted earnings per share increased by 135.6% to RMB 37.7, compared to RMB 16.0 in 2024[13] - Net profit surged by 177.3% to RMB 2.2 billion, with profit per ton of paper at approximately RMB 102.5[44] - Revenue from the Chinese market accounted for 88.7% of total sales revenue in fiscal year 2025, with the remaining 11.3% from other countries[61] Production and Capacity - The company achieved a record sales volume of 21.5 million tons, an increase of 9.6% year-on-year[44] - The total designed annual production capacity for fiber raw materials is approximately 7.5 million tons, with paper production capacity at approximately 23.5 million tons, and downstream packaging plants at approximately 2.9 billion square meters[55] - The total designed annual production capacity for packaging paperboard, cultural paper, high-end specialty paper, and pulp products is approximately 28.9 million tons as of June 30, 2025[60] - The company plans to enhance its raw material self-sufficiency, targeting an annual design capacity of 10.2 million tons, including 7.4 million tons of wood pulp and 0.7 million tons of recycled pulp[45] - New production lines at Beihai and Hubei bases are expected to increase the high-end paper product ratio, contributing to the company's profitability[46] Cost Control and Efficiency - The company is focusing on cost control by optimizing procurement strategies and maximizing the reduction of raw material prices, including waste paper and wood chips[49] - The strategic focus on vertical integration of the wood pulp supply chain is expected to enhance cost control and product quality[45] - The company aims to enhance cost control and increase the proportion of high-value-added products while optimizing production and sales relationships[78] Environmental Initiatives - The introduction of environmentally friendly products aligns with market demands and regulatory standards, enhancing the company's competitive edge[37] - The company has implemented a waste water recycling rate of approximately 97.2% in the fiscal year 2020, aiming to maintain it above 97.5% by 2030[99] - The company has recycled over 14 million tons of waste paper in the fiscal year 2020, with a target to maintain this level through 2030[99] - The company has established a comprehensive governance framework to address climate change risks[96] - The company has been recognized with multiple environmental certifications, including ISO 14001 and "Green Factory" status[114] Risk Management - The company has established a robust risk management system to control operational capital, cash flow, and exchange rate fluctuations, ensuring sustainable high-quality development[54] - The company has established emergency management protocols to quickly respond to public health emergencies, such as the COVID-19 pandemic[94] - The company has established a list of alternative suppliers to mitigate supply chain disruptions caused by extreme weather events[167] Employee Welfare and Development - The company employs 27,453 full-time employees as of June 30, 2025, with 90% based in China[174] - Employee turnover rates are 13% in China, 18% in Vietnam, 44% in the United States, and 22% in Malaysia[180] - The average monthly overtime for employees this year is 9 hours, promoting a work-life balance[173] - The group reported a total of 70 work-related accidents in FY2025, an increase from 55 in FY2024 and 36 in FY2023[185] - The average training hours per employee increased to 18.1 hours in FY2025 from 18.0 hours in FY2024 and 17.1 hours in FY2023[192] Safety and Compliance - The group strictly adheres to labor laws in China, ensuring no child or forced labor is used, with the youngest employee being over 18 years old[194] - The group has implemented the SA 8000 social responsibility management system since 2013 and received certification in February 2015[194] - The group has established a union to represent the interests of employees from various departments, emphasizing humane management practices[197] Future Outlook - The company anticipates opportunities and challenges in fiscal year 2026, with support from government policies but potential impacts from international relations and new capacity additions[78] - The company is actively implementing digital transformation through the introduction of big data and artificial intelligence to improve management decision-making efficiency[48]

每经AI快讯，10月21日，港股玖龙纸业(02689.HK)涨超4%，截至发稿，涨4.12%，报5.56港元，成交额 2387.89万港元。 ...

Core Viewpoint - The stock price of Nine Dragons Paper Holdings Limited (玖龙纸业) has increased by over 4%, reaching HKD 5.56, with a trading volume of HKD 23.88 million, driven by rising demand in the domestic paper packaging market and price adjustments by major players [1] Group 1: Company Developments - Nine Dragons Paper has announced a price increase of RMB 50 per ton for various products, effective from October 21, including premium and recycled corrugated paper series [1] - The company is part of a broader trend in the paper industry where leading firms are adjusting prices in response to market demand [1] Group 2: Industry Trends - The paper packaging market is experiencing heightened activity, with a "leading dragon + all categories follow" pricing trend observed [1] - Policies in Hebei and Shandong provinces are promoting green and digital transformation in the industry, which is expected to enhance valuation recovery as demand from events like Double Eleven materializes [1]

Core Viewpoint - The domestic paper packaging market is experiencing increased activity, with major players like Nine Dragons Paper and Shanying updating their pricing strategies, leading to a rise in stock prices for Nine Dragons Paper [1] Company Summary - Nine Dragons Paper's stock rose by 4.12%, reaching HKD 5.56, with a trading volume of HKD 23.88 million [1] - Starting from October 21, Nine Dragons Paper will increase prices for various products, including premium and recycled corrugated cardboard, by RMB 50 per ton across multiple bases [1] Industry Summary - The paper industry is witnessing a seasonal demand surge, with a notable effect of cost and demand resonating together, resulting in a price increase across all product categories [1] - Policies in Hebei and Shandong provinces are promoting green and digital transformation within the industry, which is expected to enhance valuation recovery as demand from events like the Double Eleven shopping festival materializes [1]

孙宝源先生，64岁，香港特别行政区太平绅士，毕业于香港理工大学，获会计专业文凭，现为香港会计 师公会会员及英国特许公认会计师公会资深会员。其于1984年加入罗兵咸永道会计师事务所，1996年至 2021年任香港罗兵咸永道会计师事务所合伙人，曾担任多个审计部门领导职位，并于2017年至2021年兼 任普华永道大中华区及亚太区监事委员会召集人，亦为普华永道全球监事委员会成员。2021年7月退休 后，曾任富卫集团有限公司独立非执行董事（至2025年2月退任），现任大正资本有限公司高级顾问， 并担任上海银行（香港）有限公司、映美控股有限公司、中化化肥控股有限公司及南旋控股有限公司之 独立非执行董事。 来源：市场资讯 （来源：中国造纸杂志社） 玖龙纸业（控股）有限公司（股份代号：2689）宣布委任孙宝源先生为独立非执行董事，自2025年10月 16日起生效。 孙先生曾于2009年至2014年任联交所上市委员会委员，2012年获委任为太平绅士，2013年获选为香港理 工大学杰出校友，2018年获颁大学院士荣衔。其于会计及审计领域拥有近四十年经验，熟悉上市公司运 作、监管规定及资本市场发展。 孙先生与本公司订有为期一年之委 ...

智通财经APP讯，玖龙纸业(02689)公布，孙宝源先生获委任为公司独立非执行董事，自2025年10月16日 起生效。 ...

玖龙纸业(02689)公布，孙宝源先生获委任为公司独立非执行董事，自2025年10月16日起生效。 ...

格隆汇10月16日丨玖龙纸业(02689.HK)宣布，委任孙宝源为公司独立非执行董事，自2025年10月16日起 生效。 ...

（於百慕達註冊成立的有限公司） (「本公司」) (股份代號: 2689) 提名委員會 職權範圍書 2. 秘書 3. 會議 頁1 共4頁 1. 成員 1.1 所有提名委員會(「委員會」)成員須由董事會(「董事會」)從董事中委 任，由不少於三名成員組成，其大部分成員應為獨立非執行董事(「獨 立非執行董事」)。 董事會應為提名委員會委任至少一名不同性別的 董事。 1.2 董事會主席或獨立非執行董事應擔任委員會主席。董事會主席不得主 持有關其委任及連任的任何委員會會議。 2.1 委員會之秘書(「秘書」)由本公司的公司秘書擔任。 2.2 委員會可不時委任其他任何具備合適資格及經驗之人士為委員會之秘 書。 3.1 委員會每年須最少召開一次會議。亦視乎委員會工作之需要而召開額 外會議。 3.2 任何會議之通告、議程及相關之會議文件及附件均須於該會議舉行前 最少三個工作日發出，惟全體成員一致豁免有關通告則除外。無論發 出通告期限之長短，成員出席會議即被視為該成員已豁免會議通告之 所需期限。倘續會少於三個工作日內舉行，則毋須發出任何續會通告。 （於百慕達註冊成立的有限公司） 6. 匯報責任 委員會應定期向董事會匯報。 頁3 共 ...

（於百慕達註冊成立的有限公司） (股份代號: 2689) 董事名單與其角色和職能 玖龍紙業(控股)有限公司(「本公司」)董事會(「董事會」)之成員載列如下:- 執行董事 | 張茵女士 太平紳士 | （董事長） | | --- | --- | | 劉名中先生 | （副董事長兼行政總裁） | | 張成飛先生 | （副董事長兼副行政總裁） | | Ken Liu 先生 | （副董事長兼副總裁） | | 張連鵬先生 | （副總裁） | 獨立非執行董事 附註: C: 相關董事委員會之主席 M: 相關董事委員會之成員 香港，二零二五年十月十六日 本公司已設立四個董事委員會，並制定有關職權範圍，及設有一個執行委員會，由董事 會及根據公司細則條文控制和監督下運作。下表提供各董事會成員於各委員會所擔任的 職務。 1 （於百慕達註冊成立的有限公司） | 董事委員會 | | | | | | | --- | --- | --- | --- | --- | --- | | | 審核委員會 | 薪酬委員會 | 提名委員會 | 企業管治委員會 | 執行委員會 | | 董事 | | | | | | | 張茵女士 | | | C | M | ...