HK Stock Market Move | COSMO LADY (02298) rose by over 5% after the revenue news. It is expected that the annual shareholder profit will increase by approximately 180% compared to the previous year.

COSMO LADY (02298) rose more than 5% after the profit announcement, reaching 5.66% by the time of publication, at HK$0.28, with a trading volume of HK$1.4734 million. On the news front, on March 11, COSMO LADY announced that it expects a profit attributable to owners of the company for the year ending December 31, 2024 to be approximately RMB 42.483 million, an increase of approximately 180% compared to the year ending December 31, 2023. The announcement stated that the main reason for the increase in profit attributable to owners of the company for the year is due to: successful collaboration with a joint venture partner of the Group to expand e-commerce business, with the joint venture partner achieving a total transaction value (GMV) of approximately RMB 1.1 billion on the e-commerce platform in that year, significantly increasing the Group's market share in China and improving the Group's operating performance; effective cost control and efficiency improvements by the Group further reduced the Group's operating costs; and several units of the industrial project located in Fenggang Town, Dongguan City, Guangdong Province, People's Republic of China have been delivered and accounted for in that year.