CHINA AEROSPACE (00031) surged over 11% during trading, and as of press time, the stock was up 8.33% to HK$0.65 with a turnover of HK$21.692 million.

On the news front, CHINA AEROSPACE previously announced its interim results, with revenue of approximately HK$2.023 billion, representing a year-on-year increase of 10.89%. However, the loss attributable to shareholders of the company expanded by 48.15% to HK$42.337 million.

During the period, the injection molding products business recorded revenue growth of 20.32% compared to the same period last year, driving up the overall operating profit of the technology industrial segment. The PCB business overall sales stabilized with revenue increasing 11.42% year-on-year, mainly driven by strong growth in optoelectronic modules and domestic substrate business.

Notably, CHINA AEROSPACE disclosed in its interim financial report that the civil engineering of the Nantong Kangyuan integrated circuit packaging substrate capacity construction project has been completed, with production line construction proceeding in an orderly manner and small-batch trial operations expected to begin in the first half of 2025. The IPM packaging business officially commenced production at the beginning of the year, with some products achieving domestic substitution. Leveraging the business demand brought by domestic enterprises establishing factories in Vietnam, the Vietnam Zhiyuan injection molding business has reached full capacity and is planning the construction of a phase 2 project.

These new capacity constructions are expected to increase the company's overall production capacity by approximately 40%, providing assurance for enhancing revenue scale and quality.