HK Stock Market Move | GUOXIA TECH (02655) surged over 18% in the afternoon as the energy storage market shows high prosperity, with expected mid-term profit growth of approximately 882% to 1,061%.

GUOXIA TECH (02655) surged over 18% in the afternoon, and as of the time of writing, it was up 12.67% at HKD 18.68, with a turnover of HKD 161 million. In terms of news, GUOXIA TECH released an earnings surprise announcement at noon, projecting revenues of approximately HKD 1.35 to 1.45 billion for the first half of 2026, compared to revenues of about HKD 691.4 million during the same period in 2025, indicating a year-on-year growth of 95.26% to 109.7%; profit is expected to be around HKD 55 to 65 million, while profit for the same period in 2025 was approximately HKD 5.6 million, representing a year-on-year increase of 882% to 1,061%. The board believes that the anticipated growth in revenue and profit during this period is primarily due to significant increases in the income from the groups energy storage system solution business and EPC services, which is attributed to a booming global energy storage market, as well as substantial year-on-year growth in the delivery volumes of the groups energy storage systems and EPC projects; the market scale effect has been realized, leading to decreased unit costs and expense ratios year-on-year; and the relatively low net profit in the past periods was affected by listing expenses.