Shares of HX BLDG MAT (06655) have jumped more than 7% following a positive profit alert. At the time of writing, the stock is up 7.54% to HK$13.83, with a turnover of HK$25.63 million.
The catalyst for the move was an announcement released by the company on July 10. Based on preliminary calculations by its finance department, HX BLDG MAT anticipates its net profit attributable to owners of the parent for the first half of 2026 will reach between RMB 1.65 billion and RMB 1.76 billion. This represents an increase of RMB 550 million to RMB 660 million compared to the same period last year, translating to a year-on-year rise of 50% to 60%.
Furthermore, the company expects its core net profit, which excludes non-recurring gains and losses, for the first half of 2026 to be in the range of RMB 1.62 billion to RMB 1.73 billion. This forecast indicates an increase of RMB 550 million to RMB 660 million from the prior-year period, equating to a growth rate of 51.4% to 61.7%.
During the reporting period, the company's integrated domestic business maintained stability amidst market competition. Meanwhile, all of its overseas operations demonstrated steady growth and achieved efficient operations, contributing to the company's robust overall performance improvement.
Comments