HK Stock Market Move | REPT BATTERO(00666) up over 12%, expected to turn loss into profit by 2025, earning up to 730 million yuan.

REPT BATTERO (00666) rose more than 12%, as of the time of writing, it is up 10.75%, at 12.78 Hong Kong dollars, with a turnover of 48.1888 million Hong Kong dollars. On the news front, REPT BATTERO announced a profit forecast, expecting to record a net profit between approximately 630 million yuan and approximately 730 million yuan for the year ending December 31, 2025, turning from a loss to a profit year-on-year. The announcement stated that the turnaround in profitability is mainly attributed to the continuous increase in shipments of power and energy storage battery products, driving revenue growth; and the improvement in production capacity utilization rate and cost reduction measures leading to a significant increase in gross profit.