Cornerstone Technology (08391) has achieved significant results in strategic transformation: in the first half of the year, gross profit increased by 38%, and revenue from electric vehicle charging business surged by 1.1 times.

According to the Wisdom Financial News APP, on August 19, Hong Kong's leading electric vehicle charging solution provider, Cornerstone Technology (08391), announced its interim performance for the six months ending June 30, 2025. During the reporting period, the group's core business showed significant growth, with sales of electric vehicle charging systems; and recurring revenues from electric vehicle charging business Cornerstone HOME (private charging) and Cornerstone GO (public charging) increasing by 62% and 110% respectively compared to the same period last year. The group strategically focused more on high-profit businesses, with gross profit increasing by 38% to 10.1 million Hong Kong dollars, and gross profit margin increasing by 7.1 percentage points to 21%. Additionally, the adjusted loss before interest, depreciation, and amortization (LBITDA) improved significantly from 28.9 million Hong Kong dollars to 24.3 million Hong Kong dollars, highlighting the synergistic benefits of strict cost management and operational optimization in improving financial performance.