HK Stock Market Move | Eight Horses Tea (06980) jumped over 13%, expected to achieve a growth of no less than 60% in net profit attributable to the parent in the first half of the year compared to the same period last year.

BAMA TEA (06980) rose more than 13%, as of press time, it rose by 13.35%, to HK$21.48, with a turnover of HK$1.8635 million. On the news front, on the evening of July 10, BAMA TEA announced a profit surge, expecting a revenue growth of not less than 30% for the six months ending June 30, 2026; and a net profit attributable to the parent company increasing by no less than 60% year-on-year. The significant increase in net profit attributable to the parent company is mainly attributed to the expansion and growth of franchise channels, online channels, and major customer channels, driving the revenue and profitability growth of the above-mentioned channels. The founder pointed out that the company is a leading player in the high-end tea market in China, with a deep brand foundation and a rich product portfolio. In the short term, the company is expected to benefit from factors such as product structure optimization, economies of scale, and improved operating efficiency, leading to continuous improvement in profitability. In the medium to long term, the company is optimistic about the company's leading advantages in brand, channels, and products, with continuous increase in brand market share.