HK Stock Market Move | STAR SHINE HLDG (01440) surged over 14% in late trading to a new high, with the stock price up 1.3 times over the past two weeks; the company turned a profit in the first half of the year.

STAR SHINE HLDG (01440) rose over 14% in late trading, hitting a new high of HK$23.5, and has accumulated a 1.3-fold gain since September 9. As of press time, it was up 10.77% at HK$22.62, with a turnover of HK$53.4292 million. On the news front, in the first half of this year, STAR SHINE HLDG achieved revenue of RMB 163 million; profit attributable to owners of the company was RMB 24.249 million, turning profitable year-on-year, driven by the strong performance of approximately RMB 11 million in profit from the IP merchandise segment and approximately RMB 27.3 million in fair value gains from the group's strategic investments. Meanwhile, starting from September 7, STAR SHINE HLDG was included in the Stock Connect Southbound trading list, officially unlocking the southbound capital channel. In February this year, STAR SHINE HLDG announced that it had successfully reached various forms of cooperation with internationally renowned IP partners. The company has been using the IP of a drama series on an international streaming platform to engage in the design, manufacturing, promotion, and sale of a range of merchandise, and has opened a pop-up store in a shopping mall in Hong Kong, while also opening an online store to sell related merchandise. In addition, the group is exploring the establishment of its AI infrastructure and software-as-a-service capabilities to support its AI-driven business plans.