HK Stock Market Move | CHINA LESSO (02128) rose nearly 6% in the morning session, with overseas market revenue accounting for 8.6%. The company is actively promoting the establishment of its overseas business.

CHINA LESSO (02128) rose nearly 6% in early trading. As of the time of this report, it is up 5.84% at HKD 3.445, with a trading volume of HKD 24.91 million. In news, CHINA LESSO recently released its mid-term performance, reporting a 4.5% decrease in revenue to RMB 11.912 billion for the first half of the year, with profit attributable to company owners decreasing by 30.53% to approximately RMB 727 million. During this period, the contribution of overseas market revenue increased to 8.6%, gradually becoming a growth engine for the groups revenue. It is reported that the group is improving its global network and actively building an integrated overseas operational system covering production, sales, and services, accelerating the development of its overseas business and promoting localized operations. Huatai pointed out that the company's profit attributable to shareholders in the first half was below expectations, primarily due to higher than previously anticipated other expenses. The firm stated that considering the trend of price corrections in upstream raw materials in the first half, the company's scale procurement advantages are gradually being realized, and the product gross profit margin continues to show an improving trend year-on-year. In the medium to long term, we believe the companys leading position in the plastic pipe sector will further strengthen, maintaining a "buy" rating.