HK Stock Market Move | Tsaker NE(01986) surged nearly 19% in the afternoon of the 19th. It is expected that the mid-term net profit will increase more than 8.67 times year-on-year.

TSAKER NE surged nearly 19% in the afternoon of 01986, as of the time of writing, it increased by 18.99%, closing at 0.94 Hong Kong dollars, with a turnover of 4.386 million Hong Kong dollars. On the news front, TSAKER NE announced in the afternoon that it is expected that the group's net profit for the six months ending June 30, 2026 will be no less than 118 million RMB, an increase of not less than 293.3% year-on-year; the net profit attributable to the parent company's owners will be no less than 90 million RMB, a significant increase of not less than 867.7% year-on-year. The company stated that the above-mentioned growth is mainly attributable to the increase in sales volume and unit average selling price of the group's main product, iron phosphate, in the battery materials sector during the reporting period, which was significantly boosted by the continuous growth in downstream market demand, leading to an increase in revenue and gross profit in the group's battery materials sector; secondly, the sales volume and unit average selling price of intermediate products in agricultural chemicals also increased year-on-year.