HK Stock Market Move | MOODY TECH HLDG(01400) surges over 23% after YE profit, expected shareholders' net profit for 2025 to be around 250 million RMB, turning from loss to profit year-on-year.
Mando Technology (01400) surged more than 23% after reporting a profit, with a 23.53% increase as of the time of writing, reaching 0.021 Hong Kong dollars, with a trading volume of 4.0288 million Hong Kong dollars.
MOODY TECH HLDG (01400) rose more than 23% after the earnings joy, as of press time, up 23.53% to HKD 0.021, with a turnover of HKD 40.288 million.
On the news front, on March 25, MOODY TECH HLDG announced that the board expects the group to record a profit attributable to owners of approximately RMB 230 million to RMB 250 million for the fiscal year 2025, compared to an expected loss of approximately RMB 88.4 million for the fiscal year ending December 31, 2024 (fiscal year 2024).
The change from a loss in fiscal year 2024 to a profit in fiscal year 2025 is mainly attributed to profits of approximately RMB 256 million from the discontinued operations, which include proceeds from the sale of a subsidiary of approximately RMB 263 million in fiscal year 2025.
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