TENGY ENV (01527) saw its share price spike more than 50% during morning trading, before paring gains to trade up 34.72% at HK$2.425, with turnover reaching HK$3.015 million.

The company announced last night that, compared with a net profit of approximately RMB 15.84 million recorded for the six months ended June 30, 2025, it expects net profit for the six months ending June 30, 2026, to surge by roughly 698.36% to about RMB 126 million.

The anticipated jump in profit is primarily attributed to increased revenue during the reporting period, driven by the completion and revenue recognition of several large-scale projects, as well as reduced financing costs and other expenses.