SUNEVISION (01686.HK) shares plummeted 5.06% in early trading on Wednesday, despite the company reporting an 8% year-on-year increase in profits for the fiscal year ended June 30, 2025. The sharp decline suggests investors may have expected stronger growth from the technology infrastructure company amid the booming digital economy.
According to the annual results released by SUNEVISION, the company achieved a revenue of HK$2.674 billion, representing a 10% increase compared to the previous year. Profit attributable to shareholders rose to HK$907 million, up 8% year-on-year. Earnings per share reached 24.09 HK cents, and the company proposed a final dividend of 12 HK cents per share.
While the results show growth, the market's negative reaction may indicate that investors were anticipating more robust performance given the increasing demand for data center and technology infrastructure services. The 5.06% drop in share price suggests that the reported 8% profit growth might have fallen short of market expectations, especially considering the rapid digital transformation across various industries.