HK Stock Market Move | CHERVON (02285) rose over 6%, with net profit for the first half of the year increasing by 11.6% year-on-year, and an interim dividend of HK$0.3258 per share.

CHERVON (02285) has risen over 6%. As of the time of writing, it is up 5.59% at HKD 22.28, with a trading volume of HKD 5.0953 million. In news, CHERVON has announced its mid-year results for 2026, reporting revenue of approximately USD 1.029 billion, a year-on-year increase of 12.8%; the gross margin rose from 33.3% to 39.3%. Profit for the period was approximately USD 106 million, a year-on-year increase of 11.6%; adjusted net profit was also around USD 106 million, increasing by 39.9%; and the interim dividend is HKD 0.3258 per share. The announcement stated that revenue growth was primarily driven by the rapid expansion of original brand manufacturing (OBM) business, as customers actively increased their inventory and restocked to meet the ongoing growth in end-market demand. The gross margin increased by 600 basis points to 39.3%, reaching an all-time high, mainly due to the higher margin of OBM products (especially the strong-performing EGO) increasing in the sales mix, continuous improvements in operational efficiency, and receipt of tariff refunds during the period.