HK Stock Market Move | SUNEVISION (01686) rose more than 9% after its performance report. The interim net profit attributable to shareholders was HK$484 million, an increase of 11% compared to the same period last year.

SUNEVISION (01686) rose by over 9% after its performance, reaching 9.33% as of the time of writing, at 9.73 Hong Kong dollars, with a turnover of 2.29 billion Hong Kong dollars. On the news front, on February 25, Sunevision released its performance for the six months ending December 31, 2024. The group generated revenue of 1.47 billion Hong Kong dollars during the period, an increase of 14% compared to the same period last year. Shareholders' profit attributable to owners of the company was 484 million Hong Kong dollars, an 11% increase year-on-year, with basic earnings per share of 11.92 Hong Kong cents. According to the announcement, revenue from the data center and information technology facilities business increased by 15% year-on-year to 1.361 billion Hong Kong dollars, mainly driven by revenue contributed by new customers at new data centers during the period. Due to increased installation fees, revenue from the ultra-low voltage and information technology system business increased by 4% year-on-year to 1.09 billion Hong Kong dollars. The group's sales costs increased by 6% year-on-year to 643 million Hong Kong dollars, mainly due to increased employee costs and depreciation as a result of the opening of new data centers like MEGAIDC. Operating expenses increased by 16% year-on-year to 84 million Hong Kong dollars, mainly due to the expansion of the group's data center business. The ratio of the group's operating expenses to revenue remained stable at around 6% compared to the same period last year.