Summary by Moomoo AI
JIULONG PAPER (ND PAPER) ANNOUNCED UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED DECEMBER 31, 2023, SHOWING SALES VOLUME INCREASED 16.3% TO APPROXIMATELY 10.0 MILLION TONS, BUT REVENUE FELL SLIGHTLY BY 1.9% TO APPROXIMATELY RMB30,611.2 MILLION. Gross profit increased by 294.4% to approximately RMB2,705.6 million, while equity holders of the company accounted for a profit of approximately RMB292.4 million, and basic earnings per share increased to approximately RMB0.06 million. The company was incorporated in Bermuda in 2005, mainly engaged in the production and sale of packaging paper, cultural paper and high-priced specialty paper products, and pulp products, and is listed on the main board of the Hong Kong Stock Exchange Limited. During this period, Jiulong Paper Industry actively optimized its raw material structure, improved production management, and successfully launched several new projects to further expand its market reach. Despite the challenging market environment, the company achieved a profit through diversification strategies and cost controls. Looking ahead, the company will continue to promote pulp and paper integration, increasing its market share and profitability base.