本公司于2024年6月发行4亿美元永续资本证券。本期间永续资本证券持有人的应占盈利为约人民币2.01 亿元。因此，本集团预计本公司的权益持有人应占盈利在本期间为约人民币19.5亿元至人民币20.5亿元 之间，较去年同期人民币4.7亿元增加315.2%至336.5%。 玖龙纸业(02689)发布公告，本集团预计将取得本期间(截至2025年12月31日止6个月)盈利约人民币21.5 亿元至人民币22.5亿元之间，较去年同期人民币6.8亿元增长216.0%至230.7%。 该盈利增长主要由于产品销售量增加及销售价格上升，及原材料成本下降而导致毛利润大幅增加。 ...

智通财经APP讯，玖龙纸业(02689)发布公告，本集团预计将取得本期间(截至2025年12月31日止6个月) 盈利约人民币21.5亿元至人民币22.5亿元之间，较去年同期人民币6.8亿元增长216.0%至230.7%。 本公司于2024年6月发行4亿美元永续资本证券。本期间永续资本证券持有人的应占盈利为约人民币2.01 亿元。因此，本集团预计本公司的权益持有人应占盈利在本期间为约人民币19.5亿元至人民币20.5亿元 之间，较去年同期人民币4.7亿元增加315.2%至336.5%。 该盈利增长主要由于产品销售量增加及销售价格上升，及原材料成本下降而导致毛利润大幅增加。 ...

格隆汇1月28日丨玖龙纸业(02689.HK)发布公告，截至2025年12月31日止六个月，集团预计将录得本期 间盈利约人民币21.50亿元至人民币22.50亿元之间，较去年同期人民币6.803亿元增长216.0%至230.7%。 该盈利增长主要由于产品销售量增加及销售价格上升，及原材料成本下降而导致毛利润大幅增加。 公司于2024年6月发行4亿美元永续资本证券。本期间永续资本证券持有人的应占盈利为约人民币2.01亿 元。因此，集团预计公司的权益持有人应占盈利在本期间为约人民币19.50亿元至人民币20.50亿元之 间，较去年同期人民币4.696亿元增加315.2%至336.5%。 ...

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。 董事會謹此通知本公司股東及潛在投資者，根據對本集團管理帳目之初步審閱，本集 團預計將錄得本期間盈利約人民幣2,150百萬元至人民幣2,250百萬元之間，較去年同期 人民幣680.3百萬元增長216.0%至230.7%。該盈利增長主要由於產品銷售量增加及銷售 價格上升，及原材料成本下降而導致毛利潤大幅增加。 本公司於二零二四年六月發行400,000,000 美元永續資本證券。本期間永續資本證券持 有人的應佔盈利為約人民幣201.0百萬元。因此，本集團預計本公司的權益持有人應佔 盈利在本期間為約人民幣1,950百萬元至人民幣2,050百萬元之間，較去年同期人民幣 469.6百萬元增加315.2%至336.5%。 （於百慕達註冊成立的有限公司） （股份代號：2689） 本公司股東及潛在投資者於買賣本公司股份時務請審慎行事。 截至二零二五年十二月三十一日止六個月 正面盈利預警 本公告乃玖龍紙業（控股）有限公司（ ...

Core Viewpoint - Nine Dragons Paper Holdings (02689) has seen its stock price rise over 20% in the month, reaching a new high of 7.35 HKD, driven by supply reductions and price increases in the paper industry [1] Group 1: Company Performance - Nine Dragons Paper's stock increased by 8.43% to 7.33 HKD, with a trading volume of 165 million HKD [1] - The stock price has reached its highest level since January 2023, indicating strong market performance [1] Group 2: Industry Dynamics - Major packaging paper companies, including Nine Dragons, Shanying, Lee & Man, and Rongcheng, have undertaken large-scale maintenance shutdowns, actively reducing supply [1] - Companies in the white card and cultural paper sectors, such as Bohui, APP, and Asia Pulp & Paper, have collectively announced price increases [1] - The appreciation of the RMB, which recently broke the 7 mark, is expected to lower the cost of imported pulp, thereby improving the profitability of the paper industry [1] - The industry has been in a prolonged bottoming phase, with a long-term trend of supply-demand improvement being established [1] - Attention is drawn to the potential impact of anti-competition policies in the paper sector and marginal changes in demand that could contribute to cyclical elasticity [1]

Core Viewpoint - Nine Dragons Paper (02689) has seen its stock price rise over 20% in the month, reaching a new high of HKD 7.35, driven by supply reductions and price increases in the paper industry [1] Group 1: Stock Performance - Nine Dragons Paper's stock rose by 8.43% to HKD 7.33, with a trading volume of HKD 165 million [1] - The stock price has increased over 20% within the month, indicating strong market performance [1] Group 2: Industry Dynamics - Major packaging paper companies, including Nine Dragons, Shanying, Lee & Man, and Rongcheng, have undertaken large-scale maintenance shutdowns, actively reducing supply [1] - Companies such as Bohui, APP, and Asia Pulp & Paper have collectively announced price increases for white card and cultural paper [1] Group 3: Economic Factors - The recent appreciation of the Renminbi beyond 7 is expected to lower the cost of imported pulp, benefiting the profitability of the paper industry [1] - Bohai Securities notes that the domestic paper industry has a reliance on overseas pulp, and the currency appreciation will help improve profit margins [1] - Shenwan Hongyuan highlights a long-term trend of supply-demand improvement in the industry, with potential benefits from policies aimed at reducing competition and marginal demand changes [1]

Group 1 - The core viewpoint of the article highlights the recent surge in Hong Kong paper stocks, particularly Nine Dragons Paper, which rose by 6.5%, marking a cumulative increase of 22% for the month [1] - Major packaging paper companies, including Nine Dragons, Shanying, Lee & Man, and Rongcheng, have initiated large-scale maintenance shutdowns to proactively reduce production capacity [1] - Several manufacturers of white card and cultural paper, such as Bohui, APP, and Asia Pulp & Paper, have collectively announced price increases [1] Group 2 - According to CICC, a short-term supply-demand gap for wood chips is expected to emerge by 2026, with a positive outlook for the recovery of wood chip and pulp price levels [1] - Despite recent large-scale domestic production of self-made pulp, the construction cycle for high-quality wood chip resources is lagging behind equipment production, leading to a projected supply gap in the domestic wood chip market by 2026 [1] - The tightening of raw material supply is anticipated to elevate cost pressures, while marginal improvements in demand could lead to a recovery in pulp price levels by 2026, benefiting leading companies with full supply chain capabilities [1]

港股纸业股再度活跃，其中，玖龙纸业涨6.5%续刷阶段新高，月内累计升幅达22%，理文造纸涨超 3%，晨鸣纸业涨1.22%。 本文源自：金融界AI电报 ...

Group 1 - The core viewpoint of the articles highlights the recent surge in the Hong Kong paper industry stocks, particularly with Nine Dragons Paper experiencing a 6.5% increase, reaching a new high, and a cumulative rise of 22% within the month [1] - Major packaging paper companies, including Nine Dragons, Shanying, Lee & Man, and Rongcheng, have undertaken large-scale maintenance shutdowns, actively reducing production capacity [1] - Several manufacturers of white card paper and cultural paper, such as Bohui, APP, and Asia Pulp & Paper, have collectively announced price increases [1] Group 2 - According to CICC, a short-term supply-demand gap for wood chips is expected to emerge by 2026, with a positive outlook on the recovery of wood chip and pulp price levels [1] - Despite recent large-scale domestic production of self-made pulp, the construction cycle for quality wood chip resources is lagging behind equipment production, leading to a projected supply gap in the domestic wood chip market by 2026 [1] - The tightening of raw material supply is anticipated to elevate cost levels, while marginal improvements in demand could lead to a recovery in pulp price levels by 2026, benefiting leading companies with full supply chain capabilities [1]

中金发布研报称，造纸产业链目前呈现"资源端高度集中，加工端分散博弈"特征，纸浆作为稀缺禀赋资 源品、掌握强定价权。当前中国纸企已步入存量博弈成熟期，单纯靠资本开支驱动的增长难以为继，战 略核心已转向利用自有纤维对冲金融属性强的浆价波动。继续看好2026年"林浆纸一体化"龙头表现，在 资源约束与成本波动下，一体化是实现成本对冲与资源重估的核心。建议聚焦具备高纤维自给率、拥有 资源壁垒的"价值整合者"。 本文源自：格隆汇 | 代码 | 名称 | 最新价 | 涨跌幅 √ | | --- | --- | --- | --- | | 02689 | 玖龙纸业 | 6.890 | 10.42% | | 02314 | 理文造纸 | 3.090 | 6.92% | | 01812 | 眉暗纸业 | 0.810 | 3.85% | 1月7日，港股纸业股涨幅进一步扩大，其中，玖龙纸业大涨超10%刷新阶段新高，理文造纸涨近7%， 晨鸣纸业涨近4%。 消息上，近期，以玖龙、山鹰、理文、荣成为代表的包装纸企业大规模停机检修，主动收缩产能；博 汇、APP、万国纸业、亚太森博等白卡纸及文化纸厂商集体宣布涨价。这种"停机+涨价"的并存的现 ...