HK Stock Market Move | YUANDA CHINA (02789) rises over 8% after announcing expected full year net profit of approximately 320 million to 380 million Yuan, achieving a turnaround from losses to profits.
Far East Consortium International (02789) rose by more than 8% after announcing its profit, with a 4.76% increase at the time of writing, reaching 0.242 Hong Kong dollars, with a turnover of 326.27 million Hong Kong dollars.
YUANDA CHINA (02789) rose by over 8% after announcing its earnings, with a 4.76% increase at the time of writing, closing at 0.242 Hong Kong dollars, and a turnover of 3.2627 million Hong Kong dollars.
In terms of news, YUANDA CHINA has released a profit forecast, expecting a net profit of 320 million to 380 million yuan for the whole year, compared to a net loss of about 354 million yuan in the same period in 2024, achieving a turnaround from loss to profit. This is mainly due to the good performance of the group in the domestic and international sales markets in 2025, especially with a significant increase in overseas orders compared to the previous year, leading to an increase in the group's revenue scale in 2025 compared to 2024. Additionally, the group has been continuously working on recovering trade receivables and contract assets, improving the credit risk situation for this year.
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