HK Stock Market Move | XIAO NOODLES (02408) rose nearly 7% in the afternoon, with expected full-year net profit up nearly 90%, intending to repurchase H shares of up to 100 million Hong Kong dollars.

Xiao Noodles (02408) rose nearly 7% in the afternoon, rising 6.67% to HK$5.12 by the time of publication with a trading volume of HK$112.784 million. In terms of news, Xiao Noodles recently announced that it is expected to record a net profit of 100 million to 115 million yuan in 2025, an increase of 64.7% to 89.5% year-on-year; adjusted net profit is expected to reach 125 million to 140 million yuan, an increase of 95.6% to 119.1% year-on-year. By the end of 2025, the total number of Xiao Noodles restaurants will reach 503, an increase of nearly 40% from the end of the previous year. In addition, Xiao Noodles announced its intention to exercise H-share repurchase authorization under appropriate market conditions and repurchase the company's issued H-shares on the open market, with a total repurchase price not exceeding HK$100 million. The company stated that the proposed H-share repurchase under current circumstances demonstrates its confidence in the outlook and prospects of its business, ultimately enhancing the company's value and safeguarding shareholder interests. The company believes that its current internal resources will allow it to maintain the financial stability of the group while implementing the proposed H-share repurchase.