HK Stock Market Move | ANE(09956) rose by over 6% after the revenue exceeded expectations. It is expected that the adjusted profit will increase by approximately 62.8% year-on-year in 2024.

ANE (09956) rose more than 6% after the announcement, as of the time of the announcement, it rose by 6.29%, reaching HK$7.43, with a trading volume of HK$53.376 million. On the news front, ANE released a profit announcement for the full year of 2024. The announcement shows that ANE expects the adjusted profit for the fiscal year 2024 to be no less than RMB 830 million, a significant increase of about 62.8% compared to 2023. Core performance indicators have all shown a comprehensive increase, with operating income expected to increase by about 16% year-on-year, gross profit expected to increase by 44% year-on-year, and profitability significantly enhanced, achieving stable and high-quality growth. The improvement in financial performance is mainly due to the company's strategic focus on improving operational efficiency and continuously enhancing service quality, implementing the "five best" goals of "optimal cost, best quality, most stable timeliness, fastest service response, and most dense network coverage" to lay a structural foundation for sustainable development in the future; by further lean management to improve the operational efficiency of distribution centers and freight networks, reduce costs, and maintain product competitiveness; and by upgrading the training and digital systems of freight cooperation partners and agents, continuously improving the company's network ecology to cultivate the long-term sustainable profit capabilities of CKH HOLDINGS.