Hong Kong Stock Alert | YUANDA CHINA (02789) Surges Over 60% Following Profit Guidance, Expects H1 Net Profit to Surge to Approximately RMB 150-210 Million on Strong Overseas Orders
Stock News
Aug 15
YUANDA CHINA (02789) soared over 60% following its positive profit guidance. As of press time, the stock was up 60.24% to HK$0.133, with a trading volume of HK$3.1744 million.
On the news front, YUANDA CHINA announced on August 14 that the group expects to achieve a net profit of approximately RMB 150-210 million for the first half of 2025, compared to RMB 6 million in the same period of 2024.
According to the announcement, the significant increase in net profit is primarily attributed to the solid progress of the group's internationalization strategy during the period, with outstanding contributions from overseas market orders. This led to revenue growth compared to the same period in 2024, along with increased foreign exchange gains during the period compared to the previous year.
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