HK Stock Market Move | H&H INTL HLDG (01112) rose nearly 6% in the afternoon; revenue for the first three quarters grew 24.5%; the company raised its full-year revenue expectation.

H&H INTL HLDG (01112) rose nearly 6% in the afternoon. As of press time, it was up 5.74% at HK$23.58, with turnover of HK$95.5413 million. On the news front, H&H INTL HLDG released its results. In the first three quarters, the company achieved revenue of RMB13.45 billion, up 24.5% year on year; in the third quarter, it achieved revenue of RMB4.75 billion, up 25.5% year on year. The company raised its full-year revenue expectation for the group, lifting its revenue growth guidance from mid-to-high double digits to high double digits. CMSC noted that as of the end of 26Q3, the company's cash reserves exceeded RMB2.1 billion, and the total debt reduced in the first three quarters exceeded RMB1.3 billion; RMB borrowings and hedging arrangements provide risk coverage equivalent to 100% of total borrowings. The company targets a net leverage ratio of 2x by 2026 and will continue to repay debt in Q4 based on its cash position; the final full-year dividend payout ratio is expected to be in the 50%-70% range.