Summary by Moomoo AI
LEE & MAN PAPER announced its annual results for 2024, with revenue reaching 26 billion HKD, a year-on-year growth of 4.2%; net profit was 1.4 billion HKD, an increase of 17.6% year-on-year. Earnings per share were 30.56 HK cents, and the Board of Directors proposed a final dividend of 4.5 HK cents per share.The company currently has several production bases in mainland China and Southeast Asia, including paper production facilities in Dongguan, Guangdong, Jiangsu, Jiangxi, Chongqing, and Chongzuo, as well as production bases in Vietnam and Malaysia, with a factory in Cambodia under construction. The registered capital investment in China exceeds 2.75 billion USD, while the investment in Malaysia is 4.25 billion ringgit and in Vietnam is 0.303 billion USD.The company's strategic focus is on expanding in the Southeast Asian market, continuously increasing investments in environmental protection and sustainable development, while also enhancing production capacity and efficiency. The company and its subsidiaries currently have no outstanding debt securities, and the financial situation is sound.
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