On August 12, HANS CNC rose 4.87% in regular trading, trading at HK$109.4/share, with turnover of HK$38.57 million.

On the news front, the company announced on August 10 that its board of directors will convene on August 20 to review interim results for the six months ended June 30 and consider declaring an interim dividend. Additionally, Schroders PLC increased its holdings by 319,600 shares on August 4 at an average price of HK$102.48 per share, raising its stake to 16.32%. Citi initiated coverage with a Buy rating and a target price of HK$325, noting the H-shares trade at approximately 65% discount to A-shares.

The stock had previously been under pressure following the H-share lock-up expiry on August 6, which triggered concerns over concentrated selling by institutions. With the interim results release approaching and the company having previously guided first-half net profit of RMB 900 million to RMB 1 billion representing over 240% year-over-year growth, market sentiment has shown signs of recovery.

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