HK Stock Market Move | SUNEVISION(01686)rose by more than 5% again, with a 9.7% increase in mid-term net profit to HK$531 million.

SUNEVISION (01686) rose more than 5%, up 5.11% to HK$6.58 as of press time, with a turnover of HK$42.647 million. In terms of news, SUNEVISION announced its interim performance as of the end of December last year. During the period, revenue was HK$1.508 billion, a year-on-year increase of 2.6%, with recurring revenue from data centers and information technology facilities rising by 7% to HK$1.377 billion; net profit was HK$531 million, a year-on-year increase of 9.7%; EBITDA increased by 4% to HK$1.096 billion, with the profit margin expanding from 72% to 73%. New Internet News stated that the first phase of the MEGA IDC project will be successfully launched in the first half of 2024, with a total floor area of approximately 500,000 square feet and equipped with 50 megawatts of power. The first batch of customers has officially started operations, and after the full completion of subsequent phases, the MEGA IDC will increase the total floor area of the group's data centers in Hong Kong from 2.3 million square feet at the end of last year to nearly 3 million square feet, with power capacity increasing from 150 megawatts to over 280 megawatts.