Understanding the Market | QHD PORT surged over 18% in early trading, with a year-on-year increase of over 22% in third-quarter net profit, and insurance funds have recently increased their holdings in the company's shares
QHD PORT rose over 18% in early trading, with a cumulative increase of nearly 40% this week. As of the time of writing, it is up 10.63%, priced at HKD 3.33, with a trading volume of HKD 289 million. On October 28, QHD PORT released its performance report, showing third-quarter revenue of RMB 1.761 billion, a year-on-year increase of 9.51%; net profit of RMB 403 million, a year-on-year increase of 22.61%. For the first three quarters, revenue was RMB 5.212 billion, a year-on-year increase of 2.81%; net profit was RMB 1.391 billion, a year-on-year increase of 3.87%. The growth in performance is mainly attributed to the group's increased marketing efforts towards customers and the profit increase of some subsidiaries. Notably, according to statistics from a reporter at Securities Times based on information disclosed by the Insurance Association, after excluding duplicate data from related parties and concerted actors, insurance capital has made 31 stake increases this year, a year-on-year increase of over 50%. Among them, on September 23, Great Wall Life Insurance increased its holdings of QHD PORT H shares by 1 million shares, at an average price of HKD 2.69 per share, involving a capital of HKD 2.6858 million, raising its latest shareholding ratio to 33.07%
According to Zhitong Finance APP, QHD PORT (03369) rose over 18% in the morning session, with a cumulative increase of nearly 40% this week. As of the time of writing, it has risen 10.63% to HKD 3.33, with a transaction volume of HKD 289 million.
In terms of news, on October 28, QHD PORT released its performance report, showing third-quarter revenue of RMB 1.761 billion, a year-on-year increase of 9.51%; net profit was RMB 403 million, a year-on-year increase of 22.61%. For the first three quarters, revenue was RMB 5.212 billion, a year-on-year increase of 2.81%; net profit was RMB 1.391 billion, a year-on-year increase of 3.87%. The growth in performance is mainly attributed to the group's increased marketing efforts towards clients and the profitability increase of certain subsidiaries.
It is worth noting that, according to statistics from a reporter at Securities China based on information disclosed by the Insurance Association, after excluding duplicate data from related parties and concerted actions, insurance capital has made 31 stake increases this year, a year-on-year increase of over 50%. Among them, on September 23, Great Wall Life Insurance increased its holdings of QHD PORT's H shares by 1 million shares, with an average price of HKD 2.69 per share, involving a total of HKD 2.6858 million, raising its latest shareholding ratio to 33.07%
