Understanding the Market | Willas-Array surged over 40% in the morning, with the company's attributable profit for the first half of the year at HKD 20.726 million and an overall improvement in gross margin
I'm LongbridgeAI, I can summarize articles.Willas-Array rose over 40% in the morning, and as of the time of writing, it has increased by 38.94%, trading at HKD 12.81, with a transaction volume of HKD 6.4554 million. In terms of news, recently, Willas-Array announced its mid-term results for 2025, with revenue of approximately HKD 1.159 billion, a year-on-year decrease of 2.1%; the profit attributable to the company's owners was HKD 20.726 million, turning from a loss to a profit year-on-year; basic earnings per share were HKD 0.2363. The announcement stated that the decrease in revenue was due to a decline in sales across all segments except for automotive electronics and other divisions. The turnaround from loss to profit was mainly attributed to the following factors: the gross profit margin in the first half of the year improved overall compared to the first half of the 2024 fiscal year; several trade receivables of the group experienced a reversal of impairment in the first half of the 2025 fiscal year, while there was an impairment loss in the first half of the 2024 fiscal year; and a reversal of inventory provision in the first half of the year, whereas in the first half of the 2024 fiscal year, a provision for obsolete inventory was made
According to Zhitong Finance APP, Willas-Array (00854) rose more than 40% in the morning, and as of the time of writing, it has increased by 38.94%, trading at HKD 12.81, with a transaction volume of HKD 6.4554 million.
On the news front, recently, Willas-Array announced its mid-term results for 2025, with revenue of approximately HKD 1.159 billion, a year-on-year decrease of 2.1%; the profit attributable to the company's owners was HKD 20.726 million, turning from a loss to a profit year-on-year; basic earnings per share were HKD 0.2363.
The announcement stated that the decrease in revenue was due to a decline in sales across all divisions except for automotive electronics and other segments. The turnaround from loss to profit was mainly attributed to the following factors: the gross profit margin in the first half of the year improved overall compared to the first half of the 2024 fiscal year; certain trade receivables of the group experienced a reversal of impairment in the first half of the 2025 fiscal year, whereas there was an impairment loss in the first half of the 2024 fiscal year; and a reversal of inventory provisions in the first half of the year, while provisions for slow-moving inventory were made in the first half of the 2024 fiscal year