HK Stock Market Move | Shenzhen Kinwong Electronic (03228) opened more than 4% higher after issuing a positive profit alert, expecting third-quarter net profit attributable to shareholders to increase by 205.46% to 264.74% year-on-year.

Shenzhen Kinwong Electronic (03228) opened more than 4% higher after issuing a positive profit alert. As of press time, it rose 4.53% to HK$83.1, with a turnover of HK$6.1245 million. On the news front, Shenzhen Kinwong Electronic announced that it expects the Group's net profit for the three months ended September 30, 2026 to increase compared with the three months ended September 30, 2025. Specifically: revenue for the period is expected to be RMB 6.12 billion to RMB 6.98 billion, up 53.48% to 75.05% year-on-year and up 29.67% to 47.90% quarter-on-quarter; net profit attributable to owners of the parent company for the period is expected to be RMB 912 million to RMB 1.089 billion, up 205.46% to 264.74% year-on-year and up 147.20% to 195.18% quarter-on-quarter. The announcement stated that as of the end of this period, the Group has a full order backlog in the AI server and data center, and high-speed optical module sectors, with high capacity utilization and yield rates, and the Group is making every effort to ensure the achievement of its delivery targets. The Company believes that the strategic investments made over the past few years are rapidly translating into sustained value growth. It will continue to deepen strategic partnerships with a number of the world's leading customers, deeply participate in the early-stage development of future products, joint technical research, and forward-looking collaboration, laying a solid foundation for subsequent product iteration and upgrades.