CIRRUS (02507) surged nearly 5% in late trading, with its stock price climbing 10% over the past three trading sessions. As of press time, the stock was up 4.72% to HK$56.55, with trading volume reaching HK$370 million.

On the news front, CIRRUS reported first-half revenue of US$594 million, representing a 25.1% year-on-year increase, while net profit reached US$64.966 million, soaring 82.5% compared to the same period last year. The company has received positive coverage from multiple institutions following its earnings release.

Huachuang Securities noted that the company's adjusted first-half performance surged 73% year-on-year, highlighting its leading market position, and emphasized that the company's market capitalization remains undervalued. Haitong International stated that the company's performance significantly exceeded expectations with robust profitability. Western Securities expressed optimism about continued valuation recovery and potential performance catalysts ahead.

Notably, Hang Seng Index Company previously announced its quarterly review results, revealing that CIRRUS will be removed from the Hang Seng Composite Index. All changes will be implemented after market close on September 5 and take effect from September 8. Analysts suggest the removal was due to liquidity failing to meet standards in two out of the recent six months.