The Zhitong Finance App learned that Galax Technology (02729) rose more than 14% in the intraday period. As of press release, it had risen 12.62% to HK$23.02, with a turnover of HK$1,099,700.
According to news, in the first half of this year, Galax Technology achieved revenue of approximately RMB 505 million, an increase of 45.1% over the previous year. By the end of June, the company had orders awaiting delivery of about 2.2 billion yuan, including 56 overseas projects and an amount of 710 million yuan; in the first half of the year, overseas business opportunities increased 61.5% year-on-year, with a total of 22 overseas partners, covering 31 countries and regions, and achieved a breakthrough in the list of global shuttle bus suppliers in markets such as Australia, Japan, Brazil, and Swedish home furnishing retailers.
Guohai Securities believes that the company is committed to providing “hardware+software+artificial intelligence” integrated solutions for warehousing and on-site logistics. The company is expected to benefit from the intelligent upgrading of the manufacturing industry, the increase in demand for e-commerce retail and warehousing automation, the increase in demand for intelligent logistics equipment brought about by Chinese enterprises going overseas, and the restructuring of the global supply chain. In the future, with the gradual delivery of on-hand orders, the continuous deepening of overseas localization layout, the release of benchmark project demonstration effects, and scale effects, the company's revenue is expected to maintain rapid growth, and profitability is expected to gradually improve.