HK Stock Market Move | CDAYENONFER (00661) surged over 15% in late trading, with a nearly 40% year-on-year increase in revenue for the first half of the year, and a significant turnaround from a loss to a profit.

CDAYENONFER (00661) surged over 15% in the late trading session. As of the time of writing, it is up 15.07%, priced at HKD 0.168, with a transaction volume of HKD 13.2346 million. In terms of news, CDAYENONFER recently released its interim results, reporting a revenue of RMB 40.911 billion for the first half of the year, an increase of 39.6% year-on-year; net profit was RMB 442 million, compared to a loss of RMB 9.9 million in the same period last year, indicating a turnaround. The announcement stated that the increase in revenue was mainly due to rising prices of key products such as copper cathodes, gold, silver, and sulfuric acid. Additionally, in June this year, CDAYENONFER Mining announced that it plans to sell 100% of its design institute's equity for RMB 149 million to complete the divestment of non-core supporting assets.