HK Stock Market Move | TRIGIANT (01300) surged more than 8% in early trading, with first quarter revenue up more than 50% year-on-year and gross profit increasing by nearly 93%.

TRIGIANT (01300) rose more than 8% in early trading, rising 3.52% as of the time of writing, to 1.47 Hong Kong dollars, with a turnover of 1008.67 million Hong Kong dollars. On the news front, TRIGIANT released its first quarter results, with revenue of 5.487 billion RMB, a year-on-year increase of 50.3% and a quarter-on-quarter increase of 7.9%. Gross profit is approximately 1.183 billion RMB, a year-on-year increase of 92.7% and a quarter-on-quarter increase of 57.5%. Benefiting from the rapid growth of the global AIDC industry, its main products (power cables, signal cables, and optical cables) are gradually gaining customer recognition in the AIDC field, with revenue and gross profit accelerating. While stabilizing the domestic market, it is actively expanding overseas market. Public information shows that TRIGIANT is a leading provider of mobile communication transmission solutions in China, with a large-scale optical cable production base in China. "Last year, the company's smart computing center business revenue accounted for more than 40%, and this year it is expected to exceed 50%," said Qian Xiwen, general manager of Jiangsu Junzhi Technology Co., Ltd. Recently, the company's independently developed high-speed data communication network cables have successfully achieved industrialization, becoming a new growth point.