HK Stock Market Move | ZENERGY (03677) opened more than 5% higher after announcing a positive profit forecast, expecting a mid-term net profit increase of approximately 45.5% year-on-year, reaching 81.8 million.

ZENERGY (03677) opened over 5% higher following positive earnings news, and as of the time of writing, it was up 5.29%, trading at HKD 6.175, with a transaction volume of HKD 2.097 million. In terms of news, on August 7, ZENERGY announced that the group expects to achieve a net profit of approximately RMB 320 million to 400 million for the six months ending June 30, 2026 (reporting period), representing an increase of about 45.5% to 81.8% compared to a net profit of RMB 220 million in the same period last year. Based on currently available information, the board believes that the main reason for the performance change during the reporting period is that the new production capacity gradually came online, combined with a further improvement in the capacity utilization rate year-on-year, leading to a significant increase in the shipping volume of both power battery and energy storage battery products compared to the same period last year. Notably, the shipping volume of energy storage products saw a substantial year-on-year leap, driving the groups sales revenue to increase significantly compared to the previous year; additionally, as economies of scale gradually became apparent and cost control continued to strengthen, the group's period expense ratio saw a significant decline compared to the same period last year.