HK Stock Market Move | WANKA ONLINE (01762) surges over 7% again, so far this year it has risen nearly 170%. The company expects net profit for the year to increase by up to 8 times.

WANKA ONLINE (01762) has risen by more than 7%, with a cumulative increase of nearly 170% so far this year. As of the time of writing, it has risen by 6.42%, to HK$1.99, with a trading volume of HK$20.827 million. In terms of news, WANKA ONLINE released a positive profit forecast last month, expecting to achieve a revenue of about 4 billion to 4.4 billion yuan for the whole year, a year-on-year increase of 52.2% to 67.5%; and expecting to achieve a net profit of about 60 to 68 million yuan, a year-on-year increase of 690.3% to 795.7%. The announcement stated that the profitability has been significantly improved, mainly due to the company's long-term deep cultivation and continuous action in the AI commercialization track: the self-developed AI commercialization service platform has achieved double increases in delivery efficiency and advertiser repeat rate, overseas business has achieved breakthrough growth, and the diversified business layout continues to open up growth space.