HK Stock Market Move | LX TECHNOLOGY (02436) surged over 11%, with expectations that its mid-term net profit will significantly increase to approximately 20 million yuan.

LX TECHNOLOGY (02436) rose over 11%, and as of the time of writing, it has increased by 10.67%, trading at HKD 22.4, with a transaction volume of HKD 13.28 million. In terms of news, recently, LX TECHNOLOGY announced that the Group expects its net profit to significantly increase to approximately RMB 20 million for the six months ending June 30, 2026, an increase of about 300.0% compared to approximately RMB 4.9 million for the same period in 2025. The Group also anticipates that gross profit will rise substantially to approximately RMB 180 million for the six months ending June 30, 2026, an increase of no less than 75%, compared to approximately RMB 101.9 million for the same period in 2025. The announcement stated that the significant improvement in the Group's financial performance is primarily due to the rapid growth of its lifecycle management solutions for computing infrastructure-related equipment. This business provides proprietary and scalable computing power to customers, especially those with demands for artificial intelligence (AI) and other computation-intensive applications. The Group believes that the strategic adjustment of its business portfolio and the expansion of its computing-related products and services have enhanced operational efficiency, improved profitability, and strengthened the Group's long-term growth potential.