HK Stock Market Move | CITYCHAMP (00256) surged over 3% in the afternoon trading, expecting that the shareholder profit attributable to shareholders in the first half of the year will not be less than HKD 40 million.

CITYCHAMP (00256) rose over 3% in the closing session, with an increase of 3.53% as of the time of publication, priced at HKD 0.088, and a trading volume of HKD 372,200. In terms of news, CITYCHAMP announced that it expects the group will achieve a profit attributable to the companys owners of no less than HKD 40 million for the six months ending June 30, 2026, while for the six months ending June 30, 2025, the group recorded a loss attributable to the companys owners of approximately HKD 42.045 million. The board of directors believes that the significant improvement in the groups profit is mainly due to the following reasons: enhanced operating efficiency in the watch, timing products, and watch accessories business, with a significant reduction in operating expenses; an increase in profits contributed by banking and financial services; and a one-time gain from the sale of 50% equity in Rotary Watch & Jewellery Limited completed in May 2026.