IMPRO PRECISION (01286) saw its shares decline by more than 7% during late trading. At the time of writing, the stock was down 6.69%, trading at HK$7.67, with a turnover of HK$20.2067 million. On the news front, Lu Ruibo, Chairman and CEO of IMPRO PRECISION, recently stated that the second phase of the company's San Luis Potosí (SLP) campus in Mexico is expected to be largely completed by the end of this year. Upon completion, the total annual sales achievable from the entire facility are projected to reach between $350 million and $450 million. He described the construction of the Mexico plant as the group's largest investment to date, with cumulative investments so far totaling RMB 2.5 billion. Although the plant recorded a loss last year, he expressed strong optimism about its prospects and aims to achieve break-even at the operating profit level this year. Jefferies released a research note stating that it observed stock price volatility following IMPRO PRECISION's earnings disclosure, which may be related to slowed revenue growth in the high-horsepower engine business during the fourth quarter of last year. Management attributed this to customer destocking at year-end. The company has noted that the growth trend resumed in January and February of this year. IMPRO PRECISION has provided guidance for full-year 2026 revenue to increase by approximately 15% year-on-year.
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