HK Stock Market Move | SINOFERT (00297) rose over 4% in the afternoon. The net profit attributable to shareholders for the first half of the year was 1.178 billion yuan, a year-on-year increase of 6.7%.

SINOFERT (00297) rose over 4% in the afternoon, and as of the time of writing, it was up 4.69%, trading at HKD 1.34, with a transaction volume of HKD 68.7548 million. In terms of news, SINOFERT has released its interim results, reporting a revenue of RMB 16.281 billion for the first half of the year, an increase of 10.64% year-on-year; the profit attributable to shareholders for the first half was RMB 1.178 billion, up 6.7% year-on-year; basic earnings per share were RMB 0.1677, an increase of 6.7% year-on-year. The board has recommended not to declare an interim dividend. Notably, recently, SINOFERT's 60,900 tons of quality imported sulfur arrived at Dafeng Port in Jiangsu. This batch accounts for about 10% of the total sulfur inventory at national ports, representing the largest market-circulated sulfur resource to arrive domestically this year. It helps to fill the gap in market circulation inventory, alleviate the pressure on domestic circulation inventory, hedge against price volatility risks, and stabilize the sulfur market.