HK Stock Market Move | CHENQI TECH (09680) surged nearly 11% as it1.3, .

CHENQI TECH (09680) surged nearly 11%, and as of the time of writing, it rose 10.86% to HKD 6.995, with a transaction amount of HKD 1.0989 million. On the news front, on August 3, CHENQI TECH issued a positive profit forecast. The group expects that its consolidated revenue for the first half of 2026 will not be less than 3.9 billion yuan, representing a year-on-year increase of not less than 132.6%; the net consolidated loss attributable to equity shareholders will not exceed 75 million yuan, significantly reducing by at least 50 million yuan compared to the same period last year, a decrease of not less than 40%. The company explained that the revenue increase is mainly due to a significant growth in the order volume for ride-hailing services in the travel service segment, as well as increased sales and marketing efforts in technology services. The narrowing of losses is attributed to improved operational efficiency and optimized cost structure in the ride-hailing segment, which drove continuous gross profit growth; at the same time, the increase in business volume for technology services also contributed to the corresponding growth in gross profit.