HK Stock Market Move | ANGELALIGN (06699) opened nearly 10% higher after reporting a 538.1% to 604.8% year-on-year increase in net profit for the first half of the year.

ANGELALIGN (06699) rose nearly 10% after the opening, rising by 9.89% as of press time to HK$62.8, with a trading volume of HK$12.2711 billion. On the news front, ANGELALIGN announced that it expects a net profit of approximately $13.4 million to $14.8 million for the six months ending on June 30, 2025 (first half of 2025), an increase of approximately 538.1% to 604.8% from the approximately $2.1 million for the six months ending on June 30, 2024 (first half of 2024). The board believes that the above change in operating performance is mainly due to the following reasons: the Group's core China business benefited from strategic price adjustments in response to intense competition, while revenue outside of China continued to grow; delays in the establishment of production factories outside of China resulted in lower investment and operating expenses in the first half of 2025; and the lower base of net profit in the first half of 2024. The announcement also notes that shareholders and potential investors should be aware that past performance may not necessarily be indicative of future performance. In the face of an increasingly complex global market, the Group remains focused on driving long-term growth and may increase short-term operating expenses to expand geographic coverage and customer base. In global markets outside of China, the Group aims to expand its market share and build a stronger, more resilient global supply chain. This may require increased investment in the future, some of which may be used to address the changing tariff situation in Brazil. In the Chinese market, the uncertainty of regulatory policy changes continues to exist and may continue to affect the pricing of invisible orthodontic devices. Nevertheless, the Group is committed to closely monitoring business developments and adjusting strategies as needed to address these challenges and achieve steady and sustainable growth.