Hong Kong stock market movement: Victory Giant Technology (02476) declined more than 7% before the midday break, falling 7.57% to HK$125.7 as of press time, with turnover of HK$788 million.
On the news front, on October 29, Victory Giant Technology disclosed its third-quarter results. For the first three quarters of 2026, the company reported revenue of RMB 18.461 billion, up 30.77% year-on-year; net profit attributable to shareholders of the listed company was RMB 3.384 billion, up 4.28% year-on-year.
On a single-quarter basis, third-quarter 2026 revenue was RMB 6.831 billion, up 34.30% year-on-year; net profit attributable to shareholders of the listed company was RMB 527 million, down 52.17% year-on-year.
On the same day, Victory Giant Technology stated during a conference call that part of the production capacity at its Huizhou headquarters plant will gradually commence production in the fourth quarter; the A1 building at its Thailand base has now achieved full production, and these two items will bring considerable capacity increments in the fourth quarter.
The company currently has a full order book with strong certainty, and order visibility has further improved compared with the third quarter. At the same time, the company has prepared sufficient raw materials, supporting personnel and capacity resources. Coupled with the release of new capacity at its headquarters, the company is full of confidence in subsequent performance improvement.
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