Funshion Technology surges 21% on strong interim earnings
Funshion Technology 917.HK surged 21% in Hong Kong trading to HK$9.55, after climbing as high as HK$10.76 earlier in the session before trimming gains in the final minutes. Turnover reached approximately HK$349 million.
The gain followed the company's interim results reported Friday. First-half revenue rose 22% to RMB 827 million, while net profit increased 35% to RMB 166 million. The AI interactive marketing segment doubled revenue to RMB 132 million, with a gross margin of 93.3%. No interim dividend was declared.
Broader markets offered little support — the Hang Seng Index fell 2.1% and the Hang Seng Tech Index dropped 3.8% in the session. Junlian Capital Management reduced its stake to 4.83% after selling approximately 3 million shares on Aug. 5.
