HK Stock Market Move | SKYWORTH GROUP (00751) rose over 6% in early trading, expecting a year-on-year increase in mid-term after-tax profit of no less than 170%.

SKYWORTH GROUP (00751) surged over 6% in early trading, and as of the time of writing, it has risen by 2.71%, quoted at HK$4.555, with a trading volume of HK$3.9019 million. On the news front, on August 4, SKYWORTH GROUP announced that it expects its unaudited post-tax profit for the six months ending June 30, 2026 (the current period) to increase by no less than 170% compared to the unaudited post-tax profit for the six months ending June 30, 2025. The announcement stated that the expected growth in post-tax profit is attributed to two main factors. First, the value of some of the listed and unlisted equity securities held by the group has significantly increased due to a substantial rise in the market valuation of the semiconductor industry at the end of this period. Therefore, the non-cash and unrealized gains from financial assets measured at fair value are expected to increase by approximately RMB 530 million compared to the same period last year. Second, the smart terminal sales volume, revenue scale, and gross profit margin of the intelligent system technology business sector have increased compared to the same period last year.