HK Stock Market Move | GON TECHNOLOGY (02768) rebounds over 12% after profit alert, expecting up to 78.84% year-on-year increase in net profit attributable to shareholders for the first three quarters.

GON TECHNOLOGY (02768) rebounded over 12%, rising 12.07% as of press time to HK$30.08, with turnover of HK$56.5323 million. On the news front, on the evening of October 14, GON TECHNOLOGY issued a profit alert, expecting net profit attributable to shareholders of the listed company for the first nine months of 2026 to be approximately RMB 950 million to RMB 1.1 billion, a year-on-year increase of 54.45%-78.84%; net profit after deducting non-recurring gains and losses of approximately RMB 920 million to RMB 1.07 billion, a year-on-year increase of 54.14%-79.27%. During the period, the company leveraged its integrated synergy advantages across the entire industry chain of "monomer-synthetic resin-organic polymer modification/composite materials-products," and, relying on its established industrial scale foundation, continuously optimized its product mix, steadily enhancing product added value and overall competitiveness. It is worth noting that GON TECHNOLOGY's recently disclosed high-premium acquisition has triggered cautious market sentiment. In the previous two trading days, the company's A-share price hit the daily limit down for two consecutive days, while its H-share price cumulatively fell more than 40%. On October 12, GON TECHNOLOGY announced plans to acquire an 80% stake in Sichuan Zhongfuneng for RMB 1.5 billion in cash. Regarding asset valuation, with July 31, 2026 as the valuation base date, the appraised value of all equity interests of Sichuan Zhongfuneng's shareholders was RMB 1.883 billion, an increase of approximately RMB 1.256 billion compared with the book net assets of RMB 628 million, representing a value appreciation rate of 200.07%.