Hengwan Technology (01523) Happy Profit Growth Expected to Increase Shareholders' Net Profit

Heng Tong Technology (01523) announced that as of October 31, 2024, the group's 10-month net profit attributable to the owners of the parent company increased by not less than 10% compared to the full year net profit of approximately 28.1 million US dollars as of December 31, 2023. The increase in net profit during the period was mainly attributed to the increase in sales of the group's SD-WAN routers, contributions from other new connected products, and the improvement in the group's net profit margin.