HK Stock Market Move | TSUGAMI CHINA (01651) rose more than 5%, stock price hit a new high since listing, and mid-term net profit increased by over 50% year-on-year.

TSUGAMI CHINA (01651) rose by over 5%, hitting a record high of 12.38 Hong Kong dollars. As of the time of writing, it has increased by 5.63%, reaching 12.38 Hong Kong dollars, with a trading volume of 10.91 million Hong Kong dollars. On the news front, TSUGAMI CHINA recently announced its interim performance for the six months ending September 30, 2024. The revenue was approximately 1.978 billion yuan, an increase of around 32.4% compared to the same period last year; the net profit was about 340 million yuan, a year-on-year increase of 53.7%; earnings per share were 0.9 yuan, with an interim dividend of 0.45 Hong Kong dollars per share. During the period, the company's gross profit margin and net profit margin increased by 4.4 percentage points and 2.4 percentage points to 32.1% and 17.2%, respectively, both of which are the highest in TSUGAMI CHINA's history.