HK Stock Market Move | MICROPORT (00853) rose more than 11%, expected net profit of not less than USD 20 million last year, turning losses into profits year-on-year.

MICROPORT (00853) surged more than 11%, as of press time, up 9.39% to HK$13.63, with a turnover of HK$260 million. On the news front, on the evening of January 22, MICROPORT announced that it is expected to turn a loss into a profit by the end of the fiscal year ending December 31, 2025, with a net profit of not less than $20 million. The expected turnaround to profit is mainly attributed to the continuous growth of revenue during the period, especially the overseas business revenue continuing to contribute to a high-speed growth of about 70% year-on-year. Despite the downward pressure on product prices caused by industry policies in China, the gross profit margin is still expected to increase by 2 to 3 percentage points year-on-year due to the implementation of cost optimization measures. The Group continues to deepen lean management in operations, improve operating efficiency, leading to a year-on-year decrease of around 10 to 11% in operating expenses; and the disposal of subsidiaries is expected to contribute positively to the Group's earnings.