HK Stock Market Move | COWELL (01415) rose over 6% in early trading, with revenue in the first half of the year increasing by 18% year-on-year, and net profit margin growing against the trend year-on-year.

COWELL (01415) surged over 6% in the early session, and as of the time of writing, it is up 3.48% at HKD 23.76, with a turnover of HKD 35.9029 million. In terms of news, COWELL announced that its revenue for the first half of the year was approximately USD 1.605 billion, an increase of 18.0% year-on-year; net profit attributable to shareholders was about USD 89.874 million, which represents a year-on-year growth of 33.3%. The basic earnings per share for the period were 10.4 cents, also up 33.3% year-on-year. The growth in performance was mainly attributed to increased customer demand, higher shipments of high-end products, and ongoing optimization of the product mix. CMSC issued a research report stating that performance in the first half of the year grew against the trend. We believe this is primarily due to Apples iPhone sales exceeding expectations in the first half, and Gao Wei has also benefited from market share gains, improved production yields, and effective cost control. Despite the price increases of materials in the first half of the year, Gao Wei still achieved year-on-year growth in net profit margin through improved operational efficiency.