HK Stock Market Move | HORIZON CD (09930) is currently up nearly 7%. The overall operating income in the first quarter increased year-on-year, and overseas business operating income increased significantly year-on-year.

HORIZON CD (09930) is now up nearly 7%, as of the time of writing, it is up 6.8% to HK$1.11 with a trading volume of HK$14.558 million. On the news front, HORIZON CD announced that in the first quarter of 2025, as various industries in China resumed work after the Spring Festival, the rental rate of the group's major equipment categories continued to rise. The group's overall revenue in the first quarter increased compared to the same period last year, with a significant increase in overseas business revenue, accounting for over 15% of total revenue. However, the first quarter is usually slow for the group's business around the Spring Festival, resulting in a seasonal loss for ordinary shareholders. But the loss in the first quarter did not expand compared to the same period last year, showing the group's good cost control capabilities. Pacific Securities previously pointed out that the company is continuously enriching its product matrix, actively expanding into non-construction industry sectors, and covering diversified scenarios such as mining machinery leasing, offshore shipyards, and petrochemicals. The company continues to optimize its asset structure, timely identifying and disposing of inefficient assets. During the reporting period, the company's gross profit from sales of equipment, materials, and spare parts increased by +217.7% year-on-year to HK$510 million. The company is promoting the transfer of assets to more efficient regions and countries, with overseas asset management scale exceeding HK$21 billion. Overseas revenue increased by over 27 times to HK$390 million year-on-year, achieving a break-even point.