Understanding the Market | YUANDA CHINA rises nearly 25% again, will release interim results at the end of this month, the company expects a net profit of up to 210 million yuan in the first half of the year
YUANDA CHINA's stock price rose nearly 25% again, up 24.84% as of the time of writing, reported at HKD 0.191, with a trading volume of HKD 10.4792 million. The company expects a net profit of between 150 million to 210 million yuan for the first half of the year, mainly benefiting from its international strategy and growth in overseas market orders. The company will hold a board meeting on August 29 to approve its interim results. Guosheng Securities pointed out that YUANDA CHINA is a leading enterprise in global building curtain walls, with 46% of its revenue coming from China in 2024
According to Zhitong Finance APP, YUANDA CHINA (02789) has risen nearly 25%, up 24.84% as of the time of writing, priced at HKD 0.191, with a trading volume of HKD 10.4792 million.
On the news front, YUANDA CHINA will hold a board meeting on August 29 to approve its interim results. The company previously expected a net profit of approximately HKD 150 million to HKD 210 million for the first half of the year, compared to HKD 6 million in the same period last year. The main reason for the net profit growth is the good progress made in the group's internationalization strategy during the period, with significant contributions from overseas market orders, leading to an increase in the group's revenue compared to the same period in 2024, as well as an increase in the group's foreign exchange gains compared to the same period in 2024.
Guosheng Securities previously released a research report stating that Shenyang Yuanda (YUANDA CHINA) is an independent listed company primarily engaged in curtain walls. It is one of the first batch of companies approved for Grade A design and Level 1 construction of building curtain walls in China and is designated by the Ministry of Construction as a key enterprise for building curtain walls. It is a leading company in the global building curtain wall industry. The company's business provides customers with one-stop comprehensive curtain wall solutions, with operations widely distributed globally. In 2024, the company's revenue in China was HKD 1.02 billion, accounting for 46%, making it the largest business segment; followed by the United States and the United Kingdom, each with revenue of approximately HKD 240 million, accounting for about 11%; and Qatar with revenue of HKD 200 million, accounting for 9%
