Capinfo Co. (HKG:1075) expects a profit attributable to owners of between 5 million yuan and 15 million yuan for the six months ended June 30, reversing a 23.9 million yuan loss in the same period last year, according to a Tuesday Hong Kong bourse filing.
The turnaround was mainly driven by steady growth in core business revenue through AI application and digital platform development, alongside a gain from the liquidation of a non-principal subsidiary, Rito Info Technology.
Shares of the tech firm were up nearly 7% in late-morning Wednesday trade.