--- title: "HK Small-Cap Services Face Divergent 1H: Nissin Up 11%, Haiwei Plunges" type: "News" locale: "en" url: "https://longbridge.com/en/news/296887306.md" description: "Recent 1H 2026 earnings reports from mid- and small-cap service companies in Hong Kong reveal a stark divergence in operational momentum. Data shows firms like Nissin Foods and Distinct Healthcare delivering double-digit profit growth, while regional property and auto players face massive earnings contraction." datetime: "2026-08-25T09:21:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296887306.md) - [en](https://longbridge.com/en/news/296887306.md) - [zh-HK](https://longbridge.com/zh-HK/news/296887306.md) generator: "portal-rs" --- # HK Small-Cap Services Face Divergent 1H: Nissin Up 11%, Haiwei Plunges Multiple Hong Kong-listed small and mid-cap consumer and service companies have recently disclosed their financial and operational data for the first half of 2026, revealing a sharp divergence in sector performance. According to recent filings, a handful of consumer-facing businesses are reporting core profit growth exceeding 10%, while others are navigating double-digit declines or restructuring pressures amid intense domestic price competition. ### Nissin Foods (2627.HK) Nissin Foods raised its profitability profile, reporting a net income increase of 11.6% to **HKD 175 million** for the six months ended June 30, 2026. According to the company's interim report, total revenue rose 2.8% to **HKD 2.07 billion**, with the gross margin expanding by 1.7 percentage points to 35.3%. The mainland China segment served as the primary growth engine, seeing revenue rise 4.5% to HKD 1.28 billion while segment profit surged by over 20%. However, the Hong Kong segment profit declined 16% to HKD 57 million, which the company attributed primarily to promotional investments in its frozen food lines. ### Distinct Healthcare Holdings (9609.HK) Distinct Healthcare Holdings is targeting steady operational expansion after turning its core earnings from a loss to a profit. For the first half of 2026, the healthcare provider posted a net income of **RMB 86.1 million** on total revenue of **RMB 595.9 million**, recovering from earlier unadjusted losses. Earnings per share (EPS) stood at RMB 1.71. Analysts noted that stripping out previous special items, the underlying profitability pivot provides solid backing for the company's continued network development. ### Haiwei Real Estate (9430.HK) Haiwei Real Estate issued a stark profit warning, forecasting that net income for the six months ended in June will plunge by 80% to 90%, landing between **RMB 3.6 million** and **RMB 7.4 million**. The dramatic contraction from RMB 36.9 million a year earlier is primarily due to intensifying domestic market competition, which drove down average selling prices and compressed gross margins, according to people familiar with the sector's dynamics. Expected foreign exchange losses further weighed on the outlook. ### Grand Baoxin Auto Group (2677.HK) Grand Baoxin Auto Group is nearing a notable transition in its dealership footprint. The company announced the sale of its entire equity interests in two subsidiaries for a total consideration of approximately **RMB 25.36 million**, a divestment expected to generate a near-term gain of RMB 11.85 million. Concurrently, BMW China has moved to gradually revoke its sales authorization for the majority of the group's BMW dealerships starting in mid-August 2025, after the firm failed to meet specific commercial terms. ### Brilliant Tomorrow Technology (1351.HK) Brilliant Tomorrow Technology reported a gross profit of **RMB 75 million** for the nine months ended in September, marking a 39% increase from the same period in 2019. The digital marketing solutions provider saw approximately **914 million** virtual tokens consumed by media publishers—up 76%—underscoring robust adoption of its precision advertising and live-streaming products. The stock has surged over **90%** recently amid these strong operational metrics. ### HKT Trust and HKT (0003.HK) HKT Trust and HKT are officially expanding their footprint into digital assets. The telecommunications provider recently formed a joint venture with Standard Chartered and Animoca to issue a Hong Kong dollar-backed stablecoin, aiming to bridge vast telecommunications infrastructure with emerging financial technology use cases. ### Hao Tian International Construction (2473.HK) Hao Tian International Construction Investment Group is currently navigating significant regulatory disclosure hurdles. The company delayed the publication of its 2026 annual results due to ongoing auditing and data collection bottlenecks, resulting in a formal trading suspension of its shares on the Hong Kong Stock Exchange. ### China Cultural Tourism (3625.HK) and Eternal Asia (8090.HK) China Cultural Tourism and Eternal Asia maintain their standard operational footprints in the broader market. Both firms continue to advance their respective core strategies in regional tourism development and supply chain management, with no immediate structural pivots disclosed in recent public registries. *This article does not constitute investment advice.* ### Related Stocks - [09609.HK](https://longbridge.com/en/quote/09609.HK.md) - [02677.HK](https://longbridge.com/en/quote/02677.HK.md) - [01351.HK](https://longbridge.com/en/quote/01351.HK.md) - [02473.HK](https://longbridge.com/en/quote/02473.HK.md) - [03625.HK](https://longbridge.com/en/quote/03625.HK.md) - [02627.HK](https://longbridge.com/en/quote/02627.HK.md) - [08090.HK](https://longbridge.com/en/quote/08090.HK.md) ## Related News & Research - [XXF Group Plans Share-Financed Acquisition to Enter PRC Auto Service Market](https://longbridge.com/en/news/294853301.md) - [XXF Group enters RMB 4.7 million auto sale-and-leaseback with Volkswagen Finance China](https://longbridge.com/en/news/296340588.md) - [XXF Group Raises HK$151 Million Through Share Placing and Top-Up Subscription](https://longbridge.com/en/news/283521103.md) - [XXF Group Holdings shareholders approve AGM resolutions on director re-elections, mandates, auditor reappointment](https://longbridge.com/en/news/290170619.md) - [XXF Group to Raise HK$152 Million via Discounted Share Placing and Top-Up Subscription](https://longbridge.com/en/news/282544030.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**