Brief News: IMPRO PRECISION's revenue grew by 16.8% in the third quarter
IMPRO PRECISION Industrial Co., Ltd. announced a 16.8% year-on-year increase in revenue for the third quarter, reaching HKD 1.36 billion, driven by strong sales in the artificial intelligence-related market. The diversified industrial sector performed outstandingly, with revenue growth of 40.6% to HKD 778 million, accounting for 57% of total revenue. The Chinese market saw the fastest growth, with revenue increasing by 37.2% to HKD 281 million. Revenue in the U.S. market grew by 13.2% to HKD 592 million, accounting for 43.5%. After the financial report was released, the stock price rose by 4.8%, with a cumulative increase of 156% for the year
Precision machinery parts manufacturer IMPRO PRECISION INDUSTRY CO., LTD. (1286.HK) announced on Friday that its third-quarter revenue increased by 16.8% year-on-year to HKD 1.36 billion, driven by strong sales in the artificial intelligence-related terminal market (such as high-power engine sectors).
The company's diversified industrial segment performed the best this quarter, with revenue increasing by 40.6% year-on-year to HKD 778 million, accounting for 57% of its total revenue. This strong growth in the segment offset a year-on-year decline of 12.7% in the automotive segment, which generated HKD 355 million.
By region, the company saw the strongest growth in its domestic market in China, where revenue increased by 37.2% year-on-year to HKD 281 million, accounting for approximately 21% of total revenue. In the United States, the company's largest market, revenue increased by 13.2% year-on-year to HKD 592 million, representing 43.5% of total revenue.
The company did not disclose profit data for the quarter.
After the earnings report was released, IMPRO PRECISION's stock price rose by 4.8% on Friday, with a cumulative increase of 156% for the year
