HK Stock Market Move | MININGLAMP-W (02718) rose over 9% in the afternoon, with revenue increasing over 18% in the first half of the year, and integrated intelligent services business growing more than sixfold.
Ming Lue Technology-W (02718) surged over 9% in the afternoon. As of the time of this report, it rose 4.25% to HKD 43.68, with a turnover of HKD 172 million.
MININGLAMP-W (02718) surged over 9% in the afternoon; as of the time of writing, it has risen by 4.25%, priced at HKD 43.68, with a trading volume of HKD 172 million.
On the news front, Minglue Technology released its interim results, reporting revenue of approximately 760 million yuan, a year-on-year increase of 18.02%; gross profit of around 390 million yuan, an increase of 8.31% year-on-year; and a net loss of 64.227 million yuan for the period, narrowing 68.5% year-on-year. Among these, revenue from the intelligent service sector grew by approximately 605.7% year-on-year to 171 million yuan, making it the main DRIVER of revenue growth.
The announcement stated that the company leverages its self-developed AI intelligence to focus on the core needs of clients' social media marketing, extending AI capabilities from strategic planning to content creation and execution, with a core delivery focus on achieving clients' key performance indicators, thus shifting the service model from process output to results-driven. The in-depth application of AI technology has significantly enhanced the productivity of the delivery team, resulting in rapid growth in the number of clients, while the commercial viability of a pay-for-performance model has been further validated.
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