HK Stock Market Move | Hongteng Precision (06088) falls more than 5%, and the net profit from continued operations in the first quarter increased by 67.32% year-on-year.

Hongteng Precision (06088) fell after its performance, with a decrease of 5.48% as of press time, reporting HK$9.32, with a turnover of HK$7.1 billion. On the news front, Hongteng Precision announced its performance, with revenue and other operating income in the first quarter reaching US$1.198 billion, a year-on-year increase of 8.61%; net profit from continuing operations was US$10.446 million, a year-on-year increase of 67.32%, with cash and cash equivalents at the end of the period reaching US$1.437 billion. CMB International pointed out that the management of Hongteng Precision is optimistic about the upgrade of AI servers in the next 3 years, and has raised the proportion of cloud/data center revenue for 2026-2028.