HK Stock Market Move | LK TECH (00558) rose more than 20% in intraday trading, with a profit increase of 80.9% quarter-on-quarter in the second half of the fiscal year for the die-casting machine business.

LK TECH (00558) rose more than 20% intraday, rising 16.96% as of press time to HK$3.38, with a turnover of HK$2.34 billion. On the news front, LK TECH released its annual performance for the year ending March 31, 2025, with revenue of HK$5.825 billion, a significant improvement of 24.5% compared to the second half of the previous fiscal year; gross profit of HK$1.597 billion, an increase of 0.56% year-on-year; net profit attributable to shareholders of HK$350 million; basic earnings per share of 25.7 HK cents; proposed final dividend of 4.5 HK cents per share. The company stated that the die-casting machine business has shown a differentiated development pattern in a complex and ever-changing market environment, with a significant 38.3% increase in revenue in the second half of the year due to accelerated delivery pace, narrowing the performance gap for the whole year, and a profit increase of 80.9% quarter-on-quarter, doubling compared to the first half of the year. In addition, the injection molding machine business performed well in the current fiscal year, with revenue increasing by 23.3% year-on-year and branch performance improving by 5.7% year-on-year.