The Zhitong Finance App learned that Sipni (02583) rose by more than 5%. As of press release, it had risen 5.49% to HK$49.94, with a turnover of HK$2.256,600.

According to the news, on the evening of July 28, Sipney issued an announcement stating that the Group expects to achieve net profit of over RMB 96 million for the six months ending June 30, 2026, an increase of more than 70% over the previous year. The main reasons for the expected increase in net profit include the continued increase in brand influence, the increase in both offline watch sales revenue and online e-commerce revenue, driving up overall revenue; and as watch sales increase and cost control continues to be strengthened, unit production costs have declined, increasing the gross profit margin of watch products, which in turn drives net profit growth.

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