HK Stock Market Move | IMPRO PRECISION (01286) surged more than 8% to reach a new high. The company's revenue for the first three quarters increased by nearly 17%. The company is benefiting from the high prosperity of AIDC and Siasun Robot & Automation.
Ying Pu Precision (01286) surged more than 8% in the afternoon, reaching a high of 5.4 Hong Kong dollars, setting a new historical high. As of the deadline, it rose by 6.85% to 5.3 Hong Kong dollars, with a trading volume of 11.01 million Hong Kong dollars.
IMPRO PRECISION (01286) rose more than 8% in the afternoon, hitting a high of 5.4 Hong Kong dollars, reaching a historical high. As of the time of writing, it was up 6.85% at 5.3 Hong Kong dollars, with a trading volume of 11.0194 million Hong Kong dollars.
On the news front, IMPRO PRECISION announced that it achieved revenue of approximately 1.361 billion Hong Kong dollars in the third quarter, a year-on-year increase of 16.8%; for the first three quarters, it achieved revenue of approximately 3.811 billion Hong Kong dollars, a year-on-year increase of 6.8%. Chairman and CEO Lu Ruibo stated that the group predicts a high single to double-digit year-on-year sales growth rate in 2025.
CISI FIN previously released a research report stating that IMPRO PRECISION's products are used in various industries such as high-horsepower engines, construction machinery, agricultural machinery, leisure and entertainment boats, passenger cars, commercial vehicles, aviation, energy, and medical equipment, with overall demand maintaining a steady upward trend. Among them, the demand for high-horsepower engines and Siasun Robot & Automation in specific scenarios is high and has a high profit margin. AIDC drives the demand for high-horsepower engines, and the company provides sand-cast cylinder blocks for high-horsepower engines to clients like Caterpillar and Cummins. In addition, the company has entered the Siasun Robot & Automation supply chain for Da Vinci surgery and is in talks with overseas humanoid Siasun Robot & Automation companies for collaboration to enhance long-term opportunities.
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