HK Stock Market Move | Vincent Med's share price rose by more than 9% after the profit announcement. It is expected that the shareholders' comprehensive profit for the fiscal year 2025 will be no less than HK$100 million.
Eternal Glory Medical (01612) rose more than 9% after the release of the earnings report, and as of the time of writing, it is up 9.3% to HK$0.94, with a turnover of HK$5.3888 million.
VINCENT MED (01612) surged more than 9% after the trading was suspended, and at the time of writing, it had risen by 9.3% to 0.94 Hong Kong dollars, with a turnover of 538.88 million Hong Kong dollars.
On the news front, on January 27, VINCENT MED announced that the group is expected to achieve an unaudited comprehensive profit attributable to the owners of the company of not less than 100 million Hong Kong dollars for the year ending December 31, 2025, while the audited comprehensive profit attributable to the owners of the company for the year ending December 31, 2024, is approximately 69.20 million Hong Kong dollars.
Based on the information available to the company, the board of directors believes that the increase is mainly attributable to the strengthening of relationships with a major customer of the imaging disposable products division and the expansion of business scale, leading to a significant increase in the group's revenue. Additionally, the group has achieved better economies of scale through increased capacity utilization and operational efficiency, thereby improving gross profit margins.
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