Hong Kong Stock Moves: HIPINE (02583) Surges Over 5% on H1 Net Profit Forecast Jump of More Than 70%; Watch Sales Rise Both Offline and Online

Stock News09:48

HIPINE (02583) shares rose more than 5% in Hong Kong trading, last up 5.49% at HK$49.94, with turnover of HK$2.2566 million.

On the evening of July 28, the company announced that it expects net profit for the six months ending June 30, 2026, to exceed RMB 96 million, a year-on-year increase of more than 70%.

The company attributed the expected profit surge to the continued enhancement of its brand influence, which drove a dual increase in both offline distribution revenue and online e-commerce revenue for its watches, thereby boosting overall revenue. Additionally, as watch sales volumes rose and cost control measures were strengthened, unit production costs declined, improving the gross profit margin of watch products and consequently driving net profit growth.

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