HK Stock Market Move | Victory Giant Technology (02476) once fell nearly 8% as the non-recurring net profit in the second quarter declined, and the transfer of shares from the controlling shareholder to their spouse has drawn attention.

Victory Giant Technology (02476) once fell nearly 8%. As of the time of this report, it is down 7.04%, trading at HKD 235.2, with a transaction volume of HKD 1.177 billion. In terms of news, Victory Giant Technology released its interim results for 2026 last night. In the first half of this year, the company achieved operating revenue of RMB 11.629 billion, an increase of 28.77% year-on-year; net profit attributable to the parent company was RMB 2.857 billion, up 33.3% year-on-year. In the second quarter alone, operating income was RMB 6.11 billion, a year-on-year increase of 29.49%; net profit attributable to the parent company in the single quarter was RMB 1.568 billion, an increase of 28.29% year-on-year; and the net profit after deducting non-recurring items for the quarter was RMB 1.161 billion, down 5.28% year-on-year. In addition, this morning, an announcement regarding the transfer of shares from the company's actual controller, Chen Tao, to his spouse has attracted market attention, two months after a scandal. Victory Giant Technology announced this morning that it received a notice from the controlling shareholder Shenghua Xinye and its concerted party, Hong Kong Shenghong, that Hongda Investment, a senior shareholder, informed that Chen Tao would transfer 39% of his shares in Shenghua Xinye, as well as 35% of his shares in Hongda Investment, to his spouse Liu Chunlan, and signed relevant share transfer agreements regarding this equity structure adjustment.