HK Stock Market Move | SMOORE INTL (06969) rose nearly 14% again as HNB business rapidly scaled up, expected to further move towards platform-based growth.

SMOORE INTL (06969) rose nearly 14%, and as of this writing, it is up 12.57%, trading at HKD 11.55, with a turnover of HKD 409 million. In recent news, SMOORE INTL released its performance report, showing a revenue of 7.209 billion yuan for the first half of the year, a year-on-year increase of 19.9%; net profit attributable to shareholders was 572 million yuan, up 16.2%. Notably, during this period, the companys ToB business generated revenue of 5.910 billion yuan, a year-on-year increase of 24.7%; among this, the HNB business revenue was 962 million yuan, a staggering year-on-year increase of 322.1%. With core customers continuously expanding their markets and the multi-customer strategy advancing, HNB is expected to progress from volume growth with a single client to platform growth. Industrial noted that the HNB business is the biggest growth highlight. This is mainly due to large shipments to core customers starting in the second half of 2025, which have already helped this client launch new products in 9 markets, leading to increases in terminal sales and market share. The company is collaborating with customers to develop iterative products and actively expanding new clients to implement a multi-customer strategy, making the HNB business a key growth point for the company.