Xinte Energy (01799.HK) saw its stock price soar by 7.95% during intraday trading on Monday, as investors reacted positively to the company's improved financial performance. The significant uptick comes on the heels of the company's latest earnings report, which showed a substantial reduction in losses for the first half of 2025.

According to a filing to the Hong Kong Stock Exchange on August 29, Xinte Energy reported a net loss attributable to shareholders of 256.3 million yuan for the first six months of 2025. This marks a considerable improvement from the 887 million yuan loss recorded in the same period last year. The loss per share decreased to 0.1792 yuan from 0.6203 yuan in the prior-year period. However, it's worth noting that the company's revenue fell to 7.31 billion yuan from 11.7 billion yuan year-over-year.

The market's enthusiastic response to Xinte Energy's narrowing losses suggests that investors are optimistic about the company's financial trajectory, despite the decrease in revenue. This positive sentiment is driving the stock's significant intraday gains, reflecting growing confidence in Xinte Energy's ability to manage costs and improve its bottom line in a challenging economic environment.