The Zhitong Finance App learned that China Liansu (02128) rose nearly 6% in early trading. As of press release, it rose 5.84% to HK$3.445, with a turnover of HK$24.910,800.

According to the news, China Liansu recently announced its interim results. Revenue for the first half of the year decreased by 4.5% to 11.912 billion yuan, and profit attributable to company owners was about 727 million yuan, a decrease of 30.53% over the previous year. During the period, the share of overseas market revenue contribution increased to 8.6%, gradually becoming the Group's revenue growth engine. According to reports, the Group is improving its global network, actively building an integrated overseas operation system covering production, sales and service, speeding up overseas business implementation and promoting localized operations.

Huatai Securities pointed out that the company's return profit for the first half of the year was lower than expected, mainly due to the increase in other expenses exceeding our previous expectations. The bank said that considering that upstream raw materials began a price correction trend in the first half of the year, the company's large-scale procurement advantage was gradually exploited, and product gross margin maintained a year-on-year improvement trend. In the medium to long term, we believe that the company's leading position in plastic pipes will be further consolidated and maintain a “buy” rating.

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