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ND PAPER (02689) shares opened more than 5% higher in early trading, with the stock price up 5.23% at the time of writing, now trading at HK$6.24, with a turnover of HK$46.262 million. After the market closed on September 23, the company released its annual results for the year ended June 30, 2026. The group achieved revenue of approximately RMB 75 billion (same unit below), representing a year-on-year increase of 18.6%; profit attributable to equity holders of the company reached RMB 3.581 billion, up 102.62% year-on-year; basic earnings per share stood at RMB 0.76, with a proposed final dividend of 10 cents per share. The announcement noted that revenue continues to be primarily generated from the Chinese market, particularly from its kraft linerboard, high-strength corrugating medium, coated duplex board with grey back, and white lined chipboard businesses. During the fiscal year 2026, revenue related to Chinese consumption accounted for 87.9% of the group's total revenue, while the remaining 12.1% came from sales achieved in countries outside China.