HK Stock Market Move | Victory Giant Technology (02476) falls over 7%, with Q3 net profit attributable to shareholders down 52.17% year-on-year; the company says its order backlog is full and highly certain.

Victory Giant Technology (02476) fell over 7% in the morning session, down 7.57% as of press time to HK$125.7, with turnover of HK$788 million. On the news front, on October 29, Victory Giant Technology disclosed its third-quarter results. For the first three quarters of 2026, the company reported revenue of RMB18.461 billion, up 30.77% year-on-year; net profit attributable to shareholders of the listed company was RMB3.384 billion, up 4.28% year-on-year. On a single-quarter basis, third-quarter 2026 revenue was RMB6.831 billion, up 34.30% year-on-year; net profit attributable to shareholders of the listed company was RMB527 million, down 52.17% year-on-year. On the same day, Victory Giant Technology said on a conference call that part of the production capacity at its Huizhou headquarters plant will gradually come on stream in the fourth quarter; Building A1 at its Thailand base has now achieved full production, and these two items will bring considerable capacity increments in the fourth quarter. Currently, the company's order backlog is full and highly certain, with order visibility further improved compared with the third quarter. At the same time, the company has prepared sufficient raw materials, supporting personnel and capacity resources, and coupled with the release of new capacity at its headquarters, the company is full of confidence in subsequent performance improvement.