HK Stock Market Move | LONKING (03339) once rose more than 6%, with net profit in the first half of the year increasing by 22.37% year-on-year and overseas revenue growing by 20%.
China's Longgong (03339) surged over 6% this morning, reaching a high of HK$3.485, setting a new yearly record.
LONKING (03339) rose over 6% this morning, reaching a high of HKD 3.485, setting a new annual high. As of the time of writing, it is up 4.75%, trading at HKD 3.415, with a turnover of HKD 29.7583 million.
In news, LONKING reported its mid-year results for 2026, with the group achieving revenue of RMB 6.658 billion, an increase of 18.98% year-on-year; the profit attributable to shareholders was RMB 773 million, up 22.37% year-on-year. The increase in net profit is mainly attributed to the group's vigorous development and enhancement of various product lines and ongoing expansion into domestic and overseas markets. In the first half of the year, the company achieved overseas revenue of RMB 1.979 billion, a year-on-year increase of 21.18%, setting a new historical performance record.
From a business perspective, the loader business remains the core pillar of revenue and profit, with its market competitiveness continuing to strengthen. Sales increased significantly by 37.18% year-on-year, with operating revenue accounting for 47.41%, up 6.29 percentage points from 41.12% in the same period in 2025; the forklift operating revenue ratio has decreased to 25.37%, mainly due to a year-on-year decline in sales.
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