IMPRO PRECISION Shares Surge Nearly 8% to Record High on Strong Q1 Engine Business Performance

Stock News
05/11

IMPRO PRECISION (01286) saw its shares rise nearly 8% during the trading session, reaching a high of HK$11.31, setting a new historical record. As of the latest update, the stock was up 6.87% at HK$11.2, with a turnover of HK$67.98 million.

The surge follows the company's recent earnings release. First-quarter revenue reached HK$1.428 billion, representing a year-on-year increase of 22.5%, exceeding the company's full-year growth guidance of 15%. Within this period, revenue from the high-horsepower engine business grew by 29% to HK$302 million, aligning with prior guidance. The company has subsequently raised its full-year 2026 sales forecast to a growth range of 15% to 20%.

Analysis indicates that, according to IMPRO PRECISION's official website, its sand casting business is deeply integrated with the high-horsepower engine sector and has secured a firm position within the supply chains of global industry leaders such as Caterpillar and Cummins. Benefiting from a surge in downstream demand for self-contained power generation, this segment is projected to sustain rapid growth from 2026 to 2029. Its revenue scale is expected to surpass that of the investment casting business, potentially becoming the company's largest operational division.

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