HK Stock Market Move | TEXWINCA HOLD (00321) rose more than 7% against the market, with Single's Day sales reaching a new high, and the GMV of its e-commerce business increasing by 46% in the first half of the year.

TEXWINCA HOLD (00321) rose more than 7% against the market trend, up 6.32% as of the time of reporting, at HK$1.01, with a turnover of HK$11.35 million. In terms of news, PAN Haode, the executive vice chairman of Baleno's parent company TEXWINCA HOLD, stated that this year's Singles' Day sales hit a record high, exceeding 10 million yuan. The GMV of the e-commerce business in the first half of the year increased by 46% to HK$350 million, and the company plans to increase its investment in asset-light e-commerce in the future. It is worth noting that TEXWINCA HOLD's interim results as of the end of September showed that the dividend payout ratio was about 50% in the first half of the year, and the company hopes to maintain a dividend payout ratio of 60% to 80% for the full year. The group also maintains a healthy cash flow, with net cash reaching HK$1 billion in the first half of the year, up by HK$300 million from the end of March, mainly due to an increase in operating cash.