Shares of H&H International Holdings (01112) climbed nearly 6% in afternoon trading. As of press time, the stock was up 5.74% at HK$23.58, with turnover of HK$95.5413 million.

On the news front, H&H International Holdings released its results, reporting revenue of RMB 13.45 billion for the first three quarters, a year-on-year increase of 24.5%. Revenue for the third quarter reached RMB 4.75 billion, up 25.5% year-on-year.

The company raised its full-year revenue guidance for the group, lifting its revenue growth target from mid-to-high double digits to high double digits. China Merchants Securities noted that as of the end of the third quarter of 2026, the company's cash reserves exceeded RMB 2.1 billion, and total debt reduction for the first three quarters exceeded RMB 1.3 billion. RMB-denominated borrowings and hedging arrangements provide risk coverage equivalent to 100% of total borrowings.

The company aims to bring its net leverage ratio down to 2x by 2026 and will continue to repay debt in the fourth quarter based on its cash position. The final dividend payout ratio for the full year is expected to be in the 50%-70% range.