HK Stock Market Move | NEWBORNTOWN (09911) rises by over 12%, with the estimated annual net profit potentially close to doubling. It has recently been officially included in the Stock Connect list.

NEWBORNTOWN (09911) surged over 12%, up 10.76% to HK$10.91 as of press time, with a turnover of HK$172 million. On the news front, NEWBORNTOWN recently announced a profit forecast, expecting the attributable profit for the company's owners in 2025 to be approximately RMB 900 million to RMB 940 million, a year-on-year increase of about 87.5% to 95.8%. The announcement stated that the expected growth is mainly attributed to the continuous deepening of AI technology application and optimization throughout the business chain. It is worth noting that on March 9, the Shanghai Stock Exchange and Shenzhen Stock Exchange announced that NEWBORNTOWN has been included in the list of securities accessible through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect. This inclusion in the Stock Connect means that the company has officially entered the scope of mainland investors' portfolios, which will further optimize the shareholder structure, enhance liquidity, and improve valuation flexibility.