Results Snapshot
Figures in Million
Consolidate Annual Results
Dec'25
Dec'24
Dec'23
Dec'22
Dec'21
Dec'20
Dec'19
Net Sales
26,642.28
25,995.42
24,937.08
29,170.40
32,511.42
25,867.97
27,144.21
Other Operating Income
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Operating income
26,642.28
25,995.42
24,937.08
29,170.40
32,511.42
25,867.97
27,144.21
Raw Material Cost
22,746.42
22,882.49
22,434.91
26,477.91
26,808.48
20,120.03
22,051.18
Purchase of Finished goods
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(Increase) / Decrease In Stocks
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Employee Cost
544.60
547.79
466.84
493.54
532.30
425.30
330.09
Power Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Manufacturing Expenses
215.35
326.18
278.12
123.77
75.39
170.52
324.86
Selling and Distribution Expenses
1,996.18
1,924.70
1,708.82
1,877.78
2,588.89
1,821.39
1,829.62
Other Expenses
-76.00
-87.40
-74.50
-61.73
-60.77
-59.58
-65.50
Total Expenditure (Excl Depreciation)
24,742.61
24,807.19
24,143.73
28,355.69
29,397.37
21,941.42
23,880.80
Operating Profit (PBDIT) excl Other Income
1899.7
1188.1999999999998
793.4000000000001
814.7
3114
3926.6000000000004
3263.3999999999996
Other Income
368.72
511.36
657.18
382.05
212.17
134.24
641.39
Operating Profit (PBDIT)
2,716.53
2,141.03
1,853.43
1,773.49
4,036.13
4,667.36
4,491.11
Interest
215.35
326.18
278.12
123.77
75.39
170.52
324.86
Exceptional Items
8.79
50.13
9.88
0.48
-0.04
4.85
5.74
Gross Profit (PBDT)
3,895.86
3,112.93
2,502.17
2,692.50
5,702.94
5,747.94
5,093.03
Depreciation
260.18
263.30
174.55
191.50
165.25
171.45
151.79
Profit Before Tax
2,249.78
1,601.67
1,410.64
1,458.69
3,795.46
4,330.24
4,020.20
Tax
319.15
254.77
258.40
141.53
542.52
668.96
719.93
Provisions and contingencies
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit After Tax
1,941.31
1,312.84
1,050.93
1,185.24
3,122.84
3,523.82
3,235.61
Extraordinary Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Net Profit
1,941.31
1,312.84
1,050.93
1,185.24
3,122.84
3,523.82
3,235.61
Share in Profit of Associates
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Minority Interest
-0.29
-0.73
1.35
0.86
0.51
-0.02
-0.06
Other related items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Consolidated Net Profit
1,941.02
1,312.11
1,052.29
1,186.09
3,123.35
3,523.80
3,235.54
Equity Capital
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Face Value
0.03
0.03
0.03
0.03
0.03
0.03
0.03
Reserves
30,436.33
28,004.10
27,116.43
26,741.84
31,072.18
28,420.07
23,759.49
Earnings per share (EPS)
0.45
0.31
0.24
0.27
0.72
0.81
0.74
Diluted Earnings per share
0.45
0.31
0.24
0.27
0.72
0.81
0.74
Operating Profit Margin (Excl OI)
7.84%
5.26%
4.1%
4.11%
11.25%
16.86%
13.62%
Gross Profit Margin
9.42%
7.17%
6.36%
5.66%
12.18%
17.4%
15.37%
PAT Margin
7.29%
5.05%
4.21%
4.06%
9.61%
13.62%
11.92%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Annual Analysis Highlights
Net Sales
YoY Growth in year ended Dec 2025 is 2.49% vs 4.24% in Dec 2024
Consolidate Net Profit
YoY Growth in year ended Dec 2025 is 47.93% vs 24.69% in Dec 2024
Operating Profit (PBDIT) excl Other Income
YoY Growth in year ended Dec 2025 is 44.06% vs 36.24% in Dec 2024
Interest
YoY Growth in year ended Dec 2025 is -33.97% vs 17.30% in Dec 2024
Operating Profit Margin (Excl OI)
YoY Growth in year ended Dec 2025 has improved from Dec 2024
Compare Annual Results Of Lee & Man Paper Manufacturing Ltd. With
Figures in Million
Consolidate Annual Results
Change(HKD)
Change(%)
Net Sales
26,642.28
8,446.93
18,195.35
215.41%
Other Operating Income
0.00
0.00
0.00
Total Operating income
26,642.28
8,446.93
18,195.35
215.41%
Raw Material Cost
22,746.42
7,256.66
15,489.76
213.46%
Purchase of Finished goods
0
0
0.00
(Increase) / Decrease In Stocks
0
0
0.00
Employee Cost
544.60
580.36
-35.76
-6.16%
Power Cost
0
0
0.00
Manufacturing Expenses
215.35
119.30
96.05
80.51%
Selling and Distribution Expenses
1,996.18
850.33
1,145.85
134.75%
Other Expenses
-76.00
-68.20
-7.80
-11.44%
Total Expenditure (Excl Depreciation)
24,742.61
8,124.66
16,617.95
204.54%
Operating Profit (PBDIT) excl Other Income
1,899.68
322.28
1,577.40
489.45%
Other Income
368.72
185.26
183.46
99.03%
Operating Profit (PBDIT)
2,716.53
1,060.26
1,656.27
156.21%
Interest
215.35
119.30
96.05
80.51%
Exceptional Items
8.79
-97.37
106.16
109.03%
Gross Profit (PBDT)
3,895.86
1,190.28
2,705.58
227.31%
Depreciation
260.18
483.77
-223.59
-46.22%
Profit Before Tax
2,249.78
359.83
1,889.95
525.23%
Tax
319.15
135.42
183.73
135.67%
Provisions and contingencies
0
0
0.00
Profit After Tax
1,941.31
173.41
1,767.90
1,019.49%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0
0
0.00
Other Adjustments
0
0
0.00
Net Profit
1,941.31
173.41
1,767.90
1,019.49%
Share in Profit of Associates
0
0
0.00
Minority Interest
-0.29
37.96
-38.25
-100.76%
Other related items
0.00
0.00
0.00
Consolidated Net Profit
1,941.02
211.37
1,729.65
818.30%
Equity Capital
0
0
0.00
Face Value
0.03
0.00
0.00
Reserves
30,436.33
5,391.17
25,045.16
464.56%
Earnings per share (EPS)
0.45
0.16
0.29
181.25%
Diluted Earnings per share
0.45
0.16
0.29
181.25%
Operating Profit Margin (Excl OI)
7.84%
4.63%
0.00
3.21%
Gross Profit Margin
9.42%
9.99%
0.00
-0.57%
PAT Margin
7.29%
2.05%
0.00
5.24%
Public Share Holdings (%)
0%
0%
0.00
0.00%
Pledged Promotor Holding (%)
0%
0%
0.00
0.00%
Annual - Net Sales
Net Sales 2,664.23 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 2.49% vs 4.24% in Dec 2024
Annual - Consolidate Net Profit
Consolidate Net Profit 194.10 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 47.93% vs 24.69% in Dec 2024
Annual - Operating Profit (PBDIT)
Operating Profit (PBDIT) 234.78 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 44.06% vs 36.24% in Dec 2024
Annual - Interest
Interest 21.54 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is -33.97% vs 17.30% in Dec 2024
Annual - Operating Profit Margin (Excl OI)
Operating Profit Margin (Excl OI) 7.84%
in Dec 2025Figures in %
YoY Growth in year ended Dec 2025 has improved from Dec 2024






