TEXHONG INTL GP (02678) Shareholders Transfer Shares from UBS Securities Hong Kong Limited to HSBC Hong Kong with Market Value of HK$373 Million

Stock News
Aug 25

According to the latest data from the Hong Kong Stock Exchange, on August 22, shareholders of TEXHONG INTL GP (02678) transferred shares from UBS Securities Hong Kong Limited to The Hongkong and Shanghai Banking Corporation Limited, with a transfer market value of HK$373 million, representing 7.89%.

TEXHONG INTL GP recently issued a profit alert, expecting the group's net profit for the six months ending June 30, 2025, to increase by approximately 60% compared to approximately RMB 280 million in the same period last year. This improvement is primarily attributed to the recovery in orders from both domestic and international markets during this period, with the group's sales volume and capacity utilization both showing improvement compared to the same period last year, and the product gross margin also improved during this period.

Additionally, benefiting from the continuous improvement in the group's balance sheet structure, financial expenses during this period decreased significantly compared to the same period last year.

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