GON TECHNOLOGY (02768) rose more than 7% before noon, with the stock up 7.07% to HK$50.45 by the time of writing, and a turnover of HK$36.739 million. On the news front, the company recently disclosed its first-quarter results for 2026. Shenwan Hongyuan noted that in the first quarter of 2026, the company achieved revenue of RMB 5.377 billion (year-on-year increase of 22%, quarter-on-quarter decrease of 7%), net profit attributable to shareholders of RMB 257 million (year-on-year increase of 131%, quarter-on-quarter increase of 13%), and adjusted net profit attributable to shareholders of RMB 255 million (year-on-year increase of 149%, quarter-on-quarter increase of 13%), exceeding expectations. The institution projected that the strong year-on-year growth in performance was mainly due to product price increases, higher sales volume in the plastic segment, and continuous volume expansion by GON Yisu. Shenwan Hongyuan further indicated that the company successfully completed its H-share listing, with the raised funds to be used for the construction of its Thailand base and upgrades at Hong Kong Petrochemical. The overseas modified plastics market offers substantial space and strong profitability, and the company is expected to follow downstream enterprises abroad to establish a first-mover advantage, ensuring high long-term growth certainty. Additionally, the company is actively advancing the capacity recovery at Hong Kong Petrochemical and GON Dongming. According to the company’s annual report, progress on some core projects has exceeded 85%, with subsequent incremental contributions anticipated.