HK Stock Market Move | IMPRO PRECISION (01286) fell more than 7% at the end of trading. The SLP industrial park in Mexico is expected to be completed by the end of the year. The company aims to achieve a break-even result this year.
Eagle Precision (01286) fell more than 7% at the close, with a decrease of 6.69% at the time of publication to 7.67 Hong Kong dollars, with a turnover of 20.20 million Hong Kong dollars.
IMPRO PRECISION (01286) fell more than 7% at the close, down 6.69% as of press time, at 7.67 Hong Kong dollars, with a turnover of 20.2067 million Hong Kong dollars.
On the news front, IMPRO PRECISION Chairman and CEO Lu Ruibo recently stated that the Phase II of IMPRO PRECISION's plant in San Luis Potosi City (SLP), Mexico is expected to be largely completed by the end of this year, with the annual sales of the overall factory expected to reach between 3.5 billion and 4.5 billion US dollars. He mentioned that the construction of the Mexican plant is the group's largest investment to date, with a cumulative investment of 2.5 billion RMB; although the factory still recorded losses last year, the outlook for the Mexican plant is very optimistic, and the company will strive to achieve a balance between operating profit and loss this year.
Furui issued a research report stating that IMPRO PRECISION's stock price fluctuations after disclosing its performance may be related to a slowdown in revenue growth in the high-powered engine business in the fourth quarter of last year, which management explained was due to customer destocking at the end of the year. The company has seen the growth trend recover in January and February of this year. IMPRO PRECISION guides for a year-on-year revenue growth of approximately 15% for the full year of 2026.
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