HK Stock Market Move | BLOKS (00325) rose nearly 3% as Citigroup pointed out that the company's overseas expansion and profit margins in the first half of the year exceeded expectations.

BLOKS (00325) rose nearly 3%; as of the time of writing, it increased by 2.3%, trading at HKD 75.5 with a transaction volume of HKD 3.3197 million. In news, recently, BLOKS disclosed its mid-year performance for 2026, reporting a revenue of CNY 1.776 billion in the first half of the year, a year-on-year increase of 32.7%; net profit was CNY 387 million, up 30.5% year-on-year. The revenue growth of 32.7% during the period was primarily due to a 26.5% increase in sales and a 19.6% increase in revenue for the company's building role-play toys in the six months ending June 30, 2026, reflecting sustained sales expansion under stable pricing dynamics, especially with the company's affordable price range products (retail price CNY 9.9) generating revenue of CNY 346.9 million and sales of 77.5 million units, accounting for 47.6% of the company's total sales. Citigroup released a research report indicating that after BLOKS' mid-year performance in 2026, their earnings forecast has been upgraded due to better-than-expected overseas expansion and profit margins. The bank believes that BLOKS' trajectory toward its growth targets for 2026 is clearer, with overseas expansion, new product categories, and IP diversification initiatives showing results.