HK Stock Market Move | TRIGIANT (01300) rises by over 15% again, signaling that its signal cable products have entered the supply chain of overseas storage giants. The first cooperative order has officially been settled.
Chun Chi Group (01300) rose more than 15% in the afternoon, with a cumulative increase of over 7.4 times this year. As of the time of writing, it has risen by 15.41% to HK$3.37, with a turnover of HK$1.01 billion.
TRIGIANT (01300) rose over 15% in the afternoon, with a cumulative increase of more than 7.4 times this year. As of the time of writing, it has risen by 15.41% to HK$3.37, with a turnover of HK$101 million.
On the news front, TRIGIANT announced that its subsidiary, Jiangsu Junzhi Technology, has made a key technological breakthrough in its core product, feeder lines (signal cables), and has entered the core supply chain of a global leading storage giant through overseas cooperation channels. The related products will support the counterpart's scale layout in the AIDC intelligent computing center field. The first cooperation order has been officially landed and is scheduled to be delivered within the month, with sufficient room for further expansion.
TRIGIANT's first-quarter performance showed that its revenue was approximately HK$824.7 million, a year-on-year increase of 50.3%; gross profit was approximately HK$118.3 million, a year-on-year increase of 92.7%. The company's main products such as power cables, signal cables, and optical cables gradually gained customer recognition in the AIDC field, driving the acceleration of revenue and gross profit growth. At the same time, the company is actively expanding its overseas market in addition to stabilizing the domestic market. Qian Xiwu, General Manager of Jiangsu Junzhi Technology Co., Ltd., stated, "Last year, the company's revenue share from the intelligent computing center business exceeded 40%, and it is expected to exceed 50% this year."
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