HK Stock Market Move | REPT BATTERO (00666) opened more than 5% higher after the announcement of a profit increase. Expected mid-term net profit is approximately RMB 850 million, with an increase in the company's battery product shipments.

REPT BATTERO (00666) opened more than 5% higher after the announcement, and as of the time of writing, it has risen by 5.4% to HK$12.88, with a turnover of HK$138.33 million. On the news front, on July 9, REPT BATTERO announced that for the six months ending on June 30, 2026, the Group expects to generate revenue of approximately 14.5 billion yuan to 15.2 billion yuan, an increase of about 52.8% to 60.1% compared to the revenue of 9.491 billion yuan in the same period last year ending on June 30, 2025; and to achieve a net profit range of 700 million yuan to 850 million yuan, compared to a net loss of about 63 million yuan in the same period last year ending on June 30, 2025. Based on the information currently available, the Board believes that the main reasons for the Group's performance in this reporting period are: an increase in the shipment of battery products driving steady revenue growth; and the improvement of gross profit driven by economies of scale and continuous efforts to reduce costs and increase efficiency.