The Zhitong Finance App learned that Science and Technology (00746) surged more than 10%. As of press release, it had risen 10.57% to HK$4.865, with a turnover of HK$3.195,900.

According to news, in recent years, Riken Cultural Industries has actively promoted business transformation. According to the report, the share of revenue from the advanced materials business rose to 29.8% in the first half of the year from 19.1% a year ago. In the same period, advanced materials revenue increased 74.9% year on year. According to reports, Riken Kogyo's three advanced material product lines target power battery electrolytes, fourth-generation environmentally friendly refrigerants, and polymer materials for semiconductors and 5G, respectively.

It is worth mentioning that science and culture tools have the advantage of a vertical industrial chain. New materials are not blind expansion from scratch, but are developed by basic chemicals that continuously electrolyze different compounds and derive by-products. Furthermore, Hong Zhaoyan, financial director of Riken Cultural Industries, said in an interview recently that he hopes to expand the production line from this year to next. Furthermore, it is expected that the Vietnamese plant will test production from the end of 2027 to the beginning of 2028, so as to bring new opportunities to Southeast Asia as soon as possible.

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.