HK Stock Market Move | LK TECH (00558) surged over 10%, with mid-term revenue increasing by more than 25% year-on-year, and die-casting machine business grew by nearly 40%.

LK TECH (00558) rose by more than 10%, reaching a 9.94% increase to HK$3.54 at the time of writing, with a trading volume of HK$171.372 million. On the news front, LK TECH recently released its interim performance for the period ending in September, with the group achieving revenue of HK$3.26 billion, a year-on-year increase of 25.7%; the company's attributable net profit to equity holders decreased by 4.72% to HK$141 million; earnings per share were 10.4 HK cents, with a proposed interim dividend of 3 HK cents per share. Looking at the business structure, the die-casting machine business, as the core pillar, achieved revenue of HK$2.263 billion, accounting for 69.4% of total revenue, with a year-on-year growth of 39.5%; the injection molding machine business saw an overall sales revenue increase of 4.4%; the CNC machining center business revenue was HK$77.1 million, accounting for 2.4%, a year-on-year decrease of 14.7%.