HK Stock Market Move | SHOUGANG LANZA (02553) surged nearly 8% in late trading, with first-half revenue increasing nearly 10% year-on-year. It is expected to enter the Hong Kong Stock Connect in the future.

SHOUGANG LANZA (02553) rose nearly 8% in late trading and as of the time of writing, it is up 5.25%, priced at HKD 25.26, with a transaction volume of HKD 10.5885 million. On the news front, SHOUGANG LANZA recently announced its interim results. In the first half of the year, revenue reached RMB 293 million, an increase of 9.9% year-on-year; gross loss was RMB 19.994 million, significantly reduced by 63.9% year-on-year; the loss for the period narrowed by 30.1% to RMB 118 million. During this period, the company had a sufficient backlog of orders, with revenue primarily coming from the sale of low-carbon products. Notably, the company has been included in the Hang Seng Composite Index and is expected to become a target for the Stock Connect. It is worth noting that Shougang Group recently announced the successful one-time commissioning of the Hebei Shoulang Phase II project, which has successfully produced qualified anhydrous ethanol products with a concentration of over 99.9%. This marks the achievement of a complete process flow for the world's first demonstration project utilizing industrial exhaust gas containing CO2 for the biosynthesis of anhydrous ethanol at a scale of ten thousand tons, officially entering the commercial operation stage.