HK Stock Market Move | Crystal Intl (02232) fell more than 4% after its performance, with annual shareholders' net profit at 2.25 billion US dollars, taking a more conservative stance on revenue and profit margin guidance.

CRYSTAL INTL (02232) fell more than 4% after its performance announcement, dropping by 2.66% to HK$6.22 as of press time, with a trading volume of HK$147.624 million. On the news front, on March 19, CRYSTAL INTL released its annual results for the year ending December 31, 2025. The company achieved revenue of $2.641 billion, an increase of 6.95% year-on-year; the net profit attributable to owners for the year was $225 million, an increase of 12.05% year-on-year; basic earnings per share were $0.0787; and a final dividend of HK$0.245 per share (approximately $0.031) was proposed. Daiwa Securities released a research report stating that CRYSTAL INTL's performance in the second half of 2025 is mixed. A key positive factor is that the regular dividend payout ratio has reached 68%, a historical high, and management reiterated that despite the large-scale project in Egypt, the absolute amount of future dividends will not decrease. However, Daiwa pointed out that the company's revenue and earnings per share in the second half of 2025 were approximately 5% and 2% lower than market expectations, respectively, and due to increased global uncertainties, including Middle East conflicts, oil price fluctuations, and tariff risks, management is taking a more conservative stance on revenue and profit margin guidance for 2026.