VGT (02476) once plunged nearly 8% in early trading, and was down 7.04% at HK$235.2 at the time of writing, with turnover reaching HK$1.177 billion.
On the news front, VGT released its 2026 interim results last night. In the first half of the year, the company achieved revenue of RMB 11.629 billion, up 28.77% year-on-year; net profit attributable to shareholders reached RMB 2.857 billion, up 33.3% year-on-year. For the second quarter alone, main business revenue was RMB 6.11 billion, up 29.49% year-on-year; quarterly net profit attributable to shareholders was RMB 1.568 billion, up 28.29% year-on-year; however, quarterly non-GAAP net profit (excluding non-recurring items) was RMB 1.161 billion, down 5.28% year-on-year.
Additionally, a morning announcement revealing that the company's actual controller, Chen Tao, transferred his shareholdings to his spouse has drawn market attention, coming two months after a previous scandal. VGT announced this morning that it had received notification from controlling shareholder Shenghua Xinye and its concerted actor Hong Kong Shenghong's upstream shareholder, Hongda Investment, stating that Chen Tao has transferred 39% of his equity in Shenghua Xinye and 35% of his equity in Hongda Investment to his spouse, Liu Chunlan, with relevant equity transfer agreements signed for this restructuring.
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