The Zhitong Finance App learned that Quanfeng Holdings (02285) rose more than 6%. As of press release, it had risen 5.59% to HK$22.28, with a turnover of HK$5.0953 million.

According to the news, Quanfeng Holdings announced its 2026 interim results, with revenue of approximately US$1,029 million, up 12.8% year on year; gross margin increased from 33.3% to 39.3%. Profit for the period was approximately US$106 million, up 11.6% year on year; adjusted net profit was approximately US$106 million, up 39.9% year on year; interim dividend of HK$0.3258 per share.

According to the announcement, the increase in revenue was mainly due to the rapid growth of the private label manufacturing (OBM) business and the active increase in inventory and replenishment by customers in response to the continued increase in demand in the terminal market. Gross margin rose 600 basis points to 39.3%, a record high, mainly due to the increase in the share of high-margin OBM products (especially strong EGO) in the sales mix, continued improvement in operating efficiency, and receipt of tariff refunds during the period.

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