On July 15, Estun Automation rose 7.41% in regular trading, trading at HKD 21.42/share, with turnover of HKD 68.80 million.
On the news front, the company released its H1 earnings forecast on July 14 evening, projecting attributable net profit of RMB 150 million to RMB 180 million, representing a year-on-year increase of 2,145% to 2,594% compared with just RMB 6.7 million in the same period last year. The company attributed the surge to an optimized product mix focusing on high-value-added products, significantly improved gross margins, enhanced international market expansion, and reduced expense ratios through cost controls and efficiency measures. Additionally, a non-recurring gain from the asset restructuring of associate Nanjing Gongyi contributed to the result.
Notably, Q1 net profit was approximately RMB 98 million, implying Q2 net profit of RMB 52-82 million with a sequential decline. The company is also planning an all-cash acquisition of Estun Codroid, a collaborative and embodied intelligent robot maker, providing ongoing catalysts.
(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.)
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