HK Stock Market Move | WAHSUN HANDBAGS (02683) surged more than 20% after Yinxi is expected to increase its mid-term net profit to not less than HKD 40 million.

WAHSUN HANDBAGS (02683) rose more than 20% after the earnings report, reaching a 20.69% increase to HK $1.05, with a trading volume of 2.2663 million Hong Kong dollars. On the news front, WAHSUN HANDBAGS announced that it expects the group to achieve a net profit attributable to owners of the company of not less than HK $40 million for the six months ended September 30, 2025, compared to a net profit of approximately HK $27 million in the same period last year. The expected increase in net profit for the period is primarily due to an increase in revenue from approximately HK $352 million in the previous period to approximately HK $432 million, a 23% increase. This is mainly attributed to continuous orders from new customers during the reporting period, especially from the Netherlands and Canada, an increase in the number of products sold by the group leading to increased revenue, and the successful implementation of strict cost control measures reducing the basic operating costs of the group, resulting in an increase in gross profit and gross profit margin.