HK Stock Market Move | SG Micro Corp (03661) surged nearly 5%, with Q2 performance reaching a quarterly high and rapid growth in optical module revenue.

SG Micro Corp (03661) rose nearly 5%. As of the time of writing, it is up 4.92%, trading at HKD 88.55, with a transaction amount of HKD 30.9213 million. According to recent announcements from SG Micro Corp, a conference call held on August 31 attracted participation from 413 investors from 272 institutions. During the reception of institutional research, SG Micro Corp highlighted its revenue from the networking and computing business, which saw a year-on-year growth of nearly 100% in the first half of the year. In the second quarter alone, revenue grew by over 100% year-on-year and over 45% quarter-on-quarter, with optical modules being the main driver of growth. In the second quarter of this year, SG Micro Corp achieved a revenue of 1.497 billion yuan, a year-on-year increase of 45.48%, setting a new quarterly record. The net profit attributable to shareholders reached 297 million yuan, a year-on-year increase of 110%, also setting a new quarterly record. Guosen pointed out that due to the volume release of new products and an increase in market share, the scale effect of revenue dilutes the operating expenses, and they are optimistic about the long-term growth potential of the company as an analog chip platform enterprise.