HK Stock Market Move | YOUZAN (08083) rose nearly 9% in the afternoon, the company clarified that the mention of GEO products by 315 is not related to the development or operation of "small nuclear fusion".

YOUZAN (08083) rose nearly 9% in the afternoon, as of the deadline for submission, it rose 7.76%, at 0.125 Hong Kong dollars, with a turnover of 105.86 million Hong Kong dollars. On the news front, the 315 Gala exposed the chaos of GEO. On March 16, YOUZAN officially released a statement stating that it had noticed that some media had associated the "GEO company" mentioned in the 3.15 Gala with the "Nanjing Xiaoliebian Network Technology Co., Ltd." invested by YOUZAN. Upon verification, the GEO-related products mentioned in the 315 Gala are not developed or operated by "Xiaoliebian". Some reports may not have fully verified information, leading to the incorrect association of two unrelated companies. It is worth noting that YOUZAN previously released its annual performance, with the group achieving a revenue of 1.487 billion yuan during the period, an increase of 3.1% year-on-year, mainly due to an increase in revenue from merchant solutions, partially offset by a decrease in revenue from subscription solutions. The company's net profit attributable to owners was 163 million yuan, turning losses into profits year-on-year.