The Zhitong Finance App learned that Hengxin Technology (01085) rose more than 8% in the afternoon. As of press release, it rose 8.1% to HK$2.67, with a turnover of HK$1,3466 million.
According to the news, Hengxin Technology announced that the company expects the profit due to the unaudited equity shareholders of the company for the six months ending June 30, 2023 will be between RMB 42.3 million and RMB 55.9 million, an increase of about 40% to 85% over the previous year. The expected year-on-year increase in net profit is mainly due to the overall increase in the Group's revenue and gross margin during the period and the overall decline in operating expenses of the communications business segment.