HK Stock Market Move | XIAO NOODLES (02408) rises more than 4% again, plans to spend 100 million Hong Kong dollars to repurchase shares, expected net profit to increase significantly year on year last year.

XIAO NOODLES (02408) rose more than 4% again, with the stock price up more than 20% since the beginning of the year. As of press time, it rose 4.23% to 5.42 Hong Kong dollars, with a turnover of 6.2117 million Hong Kong dollars. On the news front, at the end of last month, XIAO NOODLES announced its intention to exercise the H-share buyback authorization under appropriate market conditions, and to repurchase the company's issued H shares on the open market, with a total repurchase price not exceeding 100 million Hong Kong dollars. The company stated that the proposed H-share repurchase under the current situation indicates the company's confidence in its business outlook and prospects, ultimately enhancing the company's value and safeguarding shareholder interests. In addition, XIAO NOODLES expects to achieve a net profit of 100 million to 115 million yuan in 2025, representing a year-on-year increase of 64.7% to 89.5%; adjusted net profit is expected to reach 125 million to 140 million yuan, representing a year-on-year increase of 95.6% to 119.1%. Founder previously pointed out that in the short term, focus on the company's same-store repair and store expansion pace, while in the medium to long term, the company still has a large space for opening stores in domestic and international markets.