Hong Kong Stock Market Update: HORIZON CD soared over 28% after releasing its performance report, with a net profit attributable to shareholders of HKD 960 million for the 23-year period, a YoY increase of 44.9%.

HORIZON CD released its 2023 performance report, with revenue of 9.61 billion yuan, a year-on-year increase of 22.0%. The net profit attributable to common shareholders for the year was 960 million yuan, a year-on-year increase of 44.9%. The stock price surged by over 28% due to the strong performance, with a 25% increase, closing at 1.60 Hong Kong dollars and a turnover of 7.05 million Hong Kong dollars. The company announced a restricted stock and equity incentive plan, forecasting a net profit attributable to the parent company of 10.8/12.2/14.0 billion yuan for 2024-2026. Huatai Securities believes that the company's continued diversification and expansion into overseas markets will lead to sustained growth.