Sanvo Chemicals Shares Surge Over 5% on Forecast of First-Half Profit Turnaround

Stock News07-08

Shares of Sanvo Chemicals (HKEX: 00301) have climbed more than 5%. At the time of writing, the stock is up 5.48% to HK$4.81, with a trading turnover of HK$5.58 million.

The company disclosed that, based on its unaudited management accounts and currently available financial information for the five-month period ended May 31, 2026, the group achieved a net profit of no less than RMB 2.5 million. This contrasts with a net loss of approximately RMB 11.4 million for the six-month period ended June 30, 2025.

The primary drivers behind the profit increase were a reduction in sales, distribution, and administrative expenses, coupled with gains from the disposal of a subsidiary's equity.

The group anticipates that its financial results for the six months ending June 30, 2026, will show a return to profitability, reflecting a significant improvement in earnings.

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