Hong Kong stock market movement: KINWONG (03228) rose more than 5% before noon, up 5.55% as of press time to HK$75.35, with a turnover of HK$304 million.
On the news front, KINWONG recently released a positive profit alert. China Merchants Securities pointed out that the company's 26Q3 revenue is expected to be RMB 6.12-6.98 billion, up 53.5%-75.1% year-on-year and up 29.7%-47.9% quarter-on-quarter; net profit attributable to shareholders is expected to be RMB 912 million-1.089 billion, up 205.5%-264.7% year-on-year and up 147.2%-195.2% quarter-on-quarter; non-GAAP net profit attributable to shareholders is expected to be RMB 939 million-1.116 billion, up 294.3%-368.7% year-on-year and up 239.9%-304.0% quarter-on-quarter.
The company has a full order book in the AI server and data center, and high-speed optical module sectors, with high capacity utilization and yield rates, and the company is making every effort to ensure delivery targets are met. The bank believes that the company's Q3 non-GAAP net profit attributable to shareholders is higher than its net profit attributable to shareholders, highlighting a significant improvement in the company's overall operational quality and profitability. Furthermore, considering that the company's previous equity incentive plan incurred approximately RMB 66 million in equity incentive expenses for the single quarter of Q3, the actual profitability improvement of the business is remarkable.