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LongbridgeAI

Funshion Technology surges 21% on strong interim earnings

HK Stock Market Update
Aug 24, 2026 at 05:47 AM

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.

Source: HK Stock Market Update The copyright of this article belongs to the original author/organization.

The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.

QUNABOX GROUP

QUNABOX GROUP

00917.HK

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