HK Stock Market Move | Early Morning Trading: Newborntown (09911) up nearly 9%, achieving revenue of nearly 5 billion yuan in the first three quarters, with a growth of approximately 70% in innovative business.

NEWBORNTOWN (09911) rose nearly 9% in early trading, and as of press time, it had risen by 8.88% to 12.14 Hong Kong dollars, with a trading volume of 33.9129 million Hong Kong dollars. In terms of news, NEWBORNTOWN released its operating data announcement for the first three quarters, with total revenue expected to be between 49.1 billion and 49.9 billion yuan by September 30, a year-on-year increase of 37.6% to 39.9%. Among them, social business income is approximately 43.8 billion to 44.4 billion yuan, a year-on-year increase of about 34.5% to 36.4%; innovative business income is approximately 5.3 billion to 5.5 billion yuan, a year-on-year increase of up to 69.9% to 76.3%, continuing the strong development trend. The announcement showed that NEWBORNTOWN's revenue in the first three quarters increased significantly year-on-year, mainly due to the continuous steady growth of diversified social products driven by AI technology. It is worth noting that in the first three quarters, the company's main products have continued to enhance their market competitiveness in the Middle East and North Africa. Through measures such as improving product strength and operational refinement, enhancing content ecology and community atmosphere, the company's core competitive advantage has been further consolidated.