Shares of Baiwang Co (HKG:6657) surged 5.80% in intraday trading on Thursday, following the release of its impressive first-half 2025 financial results. The enterprise digitalization solutions provider reported a significant turnaround, swinging from a substantial loss to a profit.

According to a Hong Kong bourse filing on Wednesday, Baiwang reported a profit attributable to owners of 3.7 million yuan for the first half of 2025, a remarkable improvement from the 445.5 million yuan loss recorded in the same period last year. This positive performance was further underscored by a robust 24% increase in revenue, which rose to 347.6 million yuan from 281.6 million yuan in the prior-year period.

The company's earnings per share for H1 2025 came in at 0.02 yuan, compared to a loss per share of 3.18 yuan a year earlier. Despite the improved financial performance, the board did not declare an interim dividend. The market's enthusiastic response to Baiwang's return to profitability and strong revenue growth is evident in the stock's significant price surge, reflecting investor confidence in the company's turnaround and future prospects.