QUANTGROUP Shares Surge Over 7% Following Positive Profit Alert

Stock News03-25

QUANTGROUP (02685) experienced a notable rise of over 7% after issuing a positive profit forecast. At the time of writing, the stock was up 5.72%, trading at HK$22.9, with a turnover of HK$15.04 million. The surge follows the company's announcement of an expected annual net profit for 2025 ranging from RMB 169 million to RMB 199 million, representing a year-on-year increase of 15% to 35%. This projected growth is primarily attributed to stable revenue increases from its core e-commerce platform, "Yang Xiao Mie," coupled with ongoing improvements to the company's cost structure and a reduction in sales and marketing expenses. Notably, QUANTGROUP recently completed an adjustment to its senior technical leadership team, with Dr. Tan Feng, a robotics PhD from MIT, officially appointed as Chief Technology Officer, while Professor Xu Dong has been appointed Chief Scientist.

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