HK Stock Market Move | ASMPT(00522) rose more than 6% after its performance announcement. The first quarter's operating profit has increased more than 1.9 times year-on-year, and the total amount of new orders far exceeds expectations.

ASMPT(00522) rose more than 6% after the performance report, with a 5.01% increase at the time of writing, reaching HK$157 with a trading volume of HK$1.34 billion. On the news front, on April 22, ASMPT announced its first quarter performance for 2026 with continuing operations sales revenue of HK$3.97 billion (US$508 million), higher than the median sales revenue forecast, a 0.2% increase quarterly and a 32.0% increase annually. The total of new orders amounted to HK$5.67 billion (US$727 million), exceeding expectations by a wide margin, with a 46.0% quarterly increase and a 71.6% annual increase, reaching a new high in the last four years. Adjusted gross profit margin was 39.5%, increasing by 357 basis points on a quarterly basis but decreasing by 151 basis points annually. Profits were around HK$324 million, decreasing by 70.8% quarter-on-quarter but increasing by 192.9% year-on-year. Adjusted profits were HK$335 million, driven by an increase in operating profit, with a quarterly increase of 123.8% and an annual increase of 193.5%. The announcement mentioned that the improvement in adjusted gross profit margin on a quarterly basis was attributed to higher gross profit margins and increased sales revenue contribution from the semiconductor solutions segment. The annual decrease was due to higher sales revenue contribution from the surface mount technology solutions segment.