HK Stock Market Move | The stock of EDIANYUN (02416) opened nearly 15% higher after the profit announcement. It is expected that the adjusted net profit for the full year will increase by 493%-558.7% year-on-year.

EDIANYUN (02416) opened nearly 15% higher after announcing positive earnings, rising 14.93% to HK$2.54 as of the time of writing, with a turnover of HK$1.3741 million. On the news front, EDIANYUN announced positive earnings, expecting its adjusted net profit for 2024 to be between RMB 75 million to 85 million, an increase of 493% to 558.7% compared to 2023. Revenue is expected to be between RMB 1.35 billion to RMB 1.4 billion, a year-on-year increase of 6.2% to 10.2%. This is mainly attributed to the company significantly improving sales efficiency, launching the well-received self-developed PC product AI 01 series to enhance competitiveness, reducing sales expense ratio, and lowering financial expense ratio.