HK Stock Market Move | GUSHENGTANG (02273) rose over 8% after results; last year's net profit increased by 21.6% year on year, planning to distribute a final dividend of 0.41 Hong Kong dollars per share.

GUSHENGTANG (02273) rose more than 8% after the performance report, with an increase of 8.05% as of the time of drafting, reaching HK$34.9, with a turnover of HK$34.7999 million. On the news front, GUSHENGTANG released its annual performance for 2024, with revenue of 3.022 billion yuan, an increase of 30.09% year-on-year; net profit attributable to shareholders was 307 million yuan, an increase of 21.64% year-on-year; basic earnings per share was 1.26 yuan; it is proposed to distribute a final dividend of 0.41 Hong Kong dollars per share. The announcement stated that the increase in revenue was due to the increase in revenue generated from providing medical health solutions. The revenue from providing medical health solutions by the group increased by 30.6% from 2.287 billion yuan in the year ended December 31, 2023 to 2.988 billion yuan in the year ended December 31, 2024, mainly due to the expansion of the group's offline medical institutions business.