HK Stock Market Move | YSB (09885) rose by over 4%, expected to turn the loss into a profit of not less than 20 million yuan last year.

YSB (09885) rose more than 4%, as of the time of writing, up 4.36% to HK$7.18 with a turnover of HK$83.425 million. On the news front, YSB reported a profit and expects that the company's share of profit attributable to owners for the year ending December 31, 2024 will be no less than RMB 20 million, turning a loss into a profit year-on-year. The board of directors believes that the expected increase in profit is mainly due to the group almost not being affected by the fair value changes in financial liabilities measured at fair value with changes recognized in current period profit or loss and the impact of listing expenses in 2024; business growth and improved operating cash flow efficiency continuously promote the inflow and precipitation of operating cash, effectively managed by the group; cost control measures have been effective.