HK Stock Market Move | GALAXIS TECH (02729) Surges Over 14% as Global Order Backlog Accelerates, Profitability Expected to Gradually Improve

GALAXIS TECH (02729) rose over 14% intraday, up 12.62% as of press time at HK$23.02, with a turnover of HK$1.0997 million. On the news front, in the first half of this year, GALAXIS TECH achieved revenue of approximately RMB 505 million, up 45.1% year-on-year. As of the end of June, the company had an order backlog of approximately RMB 2.2 billion awaiting delivery, including 56 ongoing overseas projects with RMB 710 million pending delivery; overseas business opportunities grew 61.5% year-on-year in the first half, with a cumulative total of 22 overseas partners covering 31 countries and regions, and breakthroughs achieved in markets such as Australia, Japan, and Brazil, as well as in the global shuttle supplier list of a Swedish home furnishing retailer. Sealand believes that the company is committed to providing integrated "hardware + software + AI" solutions for warehousing and in-plant logistics. The company is poised to benefit from the intelligent upgrading of manufacturing, rising demand for automated warehousing in e-commerce retail, Chinese enterprises going global, and the growth in demand for intelligent logistics equipment driven by the restructuring of global supply chains. In the future, as the order backlog is gradually delivered, overseas localization efforts continue to deepen, the demonstration effect of benchmark projects is unleashed, and economies of scale emerge, the company's revenue is expected to maintain rapid growth, and its profitability is expected to gradually improve.