IMPRO PRECISION (01286) surged over 6% in afternoon trading, and as of press time, the stock was up 4.2% to HK$3.72 with a turnover of HK$11.1405 million.
On the news front, IMPRO PRECISION issued an announcement regarding the impact of US additional tariffs on the group's business and operations, stating that the impact of additional tariffs is not as extensive as previously announced. The reasons include: most of the group's US customers have agreed to bear all or most of the recently imposed additional tariffs, and some product codes that were previously included in the new tariff list have been confirmed to be exempt from additional tariffs due to the absence of steel and aluminum components.
It is reported that on August 15, the United States announced the expansion of the scope of steel and aluminum tariff implementation.
Notably, IMPRO PRECISION previously released its interim results, showing revenue of HK$2.45 billion for the first half of the year, an increase of 2% year-on-year; profit attributable to equity shareholders was HK$346 million, an increase of 13.7% year-on-year. The announcement stated that during the period, the artificial intelligence wave continued to sweep the globe, with related big data center demand further surging, driving significant growth in demand for high-power engines as key components of distributed generators. Combined with the group's increased market share and deeper product processing, revenue from the high-power engine terminal market surged 48.3%.