TEXWINCA HOLD (00321) surged over 14% in late trading, bringing its cumulative monthly gain to more than 50%. At the time of writing, the stock was up 13.46% to HK$1.18, with a turnover of HK$11.215 million.

The rally follows remarks by Pan Haode, Executive Vice Chairman of TEXWINCA HOLD, parent company of Baleno, who noted record-breaking single-day sales exceeding RMB 10 million during this year's Double 11 shopping festival. The company's e-commerce GMV rose 46% year-on-year to HK$350 million in the first half, with plans to increase light-asset investments in the sector.

On the retail front, Executive Director and CEO He Likang expects further narrowing of losses in the second half of the fiscal year. Notably, TEXWINCA HOLD's interim results as of September-end showed a first-half dividend payout ratio of around 50%, with full-year guidance maintained at 60%–80%. The group also reported a healthy cash position, with net cash reaching HK$1 billion in the first half, up HK$300 million from March-end, driven by improved operating cash flow.