HK Stock Market Move | NEWBORNTOWN (09911) rises more than 10% after YINGXI's profit is expected to increase by over 87.5% year-on-year.

NEWBORNTOWN (09911) rose more than 10% after announcing a profit increase. As of the time of writing, it has increased by 10% to HK$9.46, with a trading volume of HK$30.5185 million. On the news front, NEWBORNTOWN announced a profit increase, with expectations that the company's attributable profits for 2025 will be approximately RMB 900 million to RMB 940 million, representing a year-on-year growth of around 87.5% to 95.8%. The expected growth is mainly attributed to the group's continuous deepening of the application and optimization of AI technology throughout the business process, driving sustained and steady growth of diverse social products through AI technology, as well as the company's acquisition of a non-controlling interest in NBT Social Networking Inc. in December 2024.