HK Stock Market Move | DAMAI ENT (01060) opens more than 3% higher after Yinxihu, expected annual net profit attributable to the mother will be not less than 700 million yuan.

DAMAI ENT(01060) opened more than 3% higher after the announcement of its earnings, reaching an increase of 3.28% by the time of publication, with a price of HK$0.63 and a trading volume of HK$3.8556 million. On the news front, on May 8th, DAMAI ENT released an announcement stating that the group is expected to achieve a net profit attributable to the owners of the company of no less than RMB 700 million for the 12 months ending March 31, 2026, compared to approximately RMB 364 million for the 12 months ending March 31, 2025. The increase in net profit is mainly attributed to the group's asset structure becoming more stable, with further reduction in investment portfolio risks and narrowing of investment losses compared to the previous year.