GUOXIA TECH (02655) surged over 18% in the afternoon session, and as of the time of writing, it was up 12.67% to HK$18.68, with a turnover of HK$161 million.

On the news front, GUOXIA TECH issued a profit alert at midday, forecasting revenue of approximately HK$1.35 billion to HK$1.45 billion for the first half of 2026, compared with HK$691.4 million in the same period of 2025, representing a year-on-year increase of 95.26% to 109.7%. Profit is expected to be between HK$55 million and HK$65 million, compared with HK$5.6 million in the same period of 2025, a surge of 882% to 1,061%.

The board believes the growth in revenue and profit for the period is primarily attributable to a significant increase in revenue from the group's energy storage system solutions business and EPC service business, driven by the high prosperity of the global energy storage market. The group's energy storage system and EPC delivery volumes increased substantially year-on-year. The release of economies of scale has led to a decrease in unit costs and expense ratios, while net profit in the prior period was relatively low due to the impact of listing expenses.