WILLAS-ARRAY (00854) surged over 40% in morning trading. As of press time, the stock was up 38.94% to HK$12.81, with a turnover of HK$6.4554 million.

On the news front, WILLAS-ARRAY recently announced its interim results for 2025, reporting revenue of approximately HK$1.159 billion, down 2.1% year-on-year. The company recorded a profit attributable to owners of HK$20.726 million, representing a turnaround from loss to profit compared to the same period last year. Basic earnings per share stood at 23.63 HK cents.

According to the announcement, the revenue decline was attributed to decreased sales across all business segments except for the automotive electronics and other segments. The turnaround to profitability was primarily due to the following factors: overall improvement in gross margin for the first half compared to the same period in fiscal 2024; the Group recorded a net reversal of impairment on certain trade receivables in the first half of fiscal 2025, compared to net impairment losses in the first half of fiscal 2024; and the company achieved a net reversal of inventory provisions in the first half, whereas provisions for slow-moving inventory were made in the first half of fiscal 2024.