On October 13, KINWONG fell 6.11% in regular trading, trading at HK$69.25 with a turnover of HK$59.75 million. The stock is experiencing a classic sell-the-news pullback following the release of its positive profit alert, with short-term profit-taking pressure persisting from the earlier surge triggered by its H-share inclusion into the Stock Connect program and the strong third-quarter earnings preannouncement.
The company has projected third-quarter attributable net profit to increase by 205.46% to 264.74% year over year, and revenue to rise by 53.48% to 75.05%, driven by accelerating mass production of high-performance PCBs and optimized order structures. In the storage segment, KINWONG offers a diverse product portfolio and deep technical reserves, with solid cooperation with several industry-leading customers. As the world's largest automotive electronics PCB supplier, the company is also actively expanding into AI computing PCB applications.
KINWONG is a Chinese company primarily engaged in the research, development, production and sales of printed circuit boards. Its products include multilayer boards, high-density interconnect boards, flexible printed circuit boards, and metal-based PCBs, serving sectors such as automotive electronics, communications and data infrastructure, smart terminals, and industrial control.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)