The Zhitong Finance App learned that Guanghe Technology (01989) fluctuated downward in the afternoon, with a decline of nearly 7%. As of press release, it had fallen 6.76% to HK$108.9, with a turnover of HK$257 million.

According to the news, benefiting from the wave of the AI industry, Guanghe Technology achieved operating revenue of 4.388 billion yuan, an increase of 80.98% over the previous year, and achieved net profit of 956 million yuan, an increase of 94.39% over the previous year. Both of the company's financial indicators hit record highs for the same period. Looking at the second quarter alone, revenue was 2,474 billion yuan, up 89.2% year on year, and net profit was 563 million yuan, up 124.13% year on year.

It is worth noting that Guanghe Technology was listed on the Hong Kong Stock Exchange on March 20 this year. The half-year ban period held by Cornerstone Investors will expire this weekend. A total of 206.74,500 shares held by 12 (group) Cornerstone investors will be able to circulate starting next Monday (September 21), with a market value of about HK$2,254 billion at current prices.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.