China Red Packet (08316) rose rapidly by more than 21% in early trading. As of press release, it rose 21.65% to HK$0.59, with a turnover of HK$1.16 million.
The Zhitong Finance app learned that China Red Packet (08316) rose rapidly by more than 21% in early trading. As of press release, it rose 21.65% to HK$0.59, with a turnover of HK$1.16 million.
According to the news, China Red Packet recently released its interim results for the six months ended September 30, 2023. The group achieved a profit of HK$53.642 million, an increase of 78.65% over the previous year; profit of HK$1,052 million, compared to a loss of HK$7.211 million in the same period last year; and a profit of 0.1 HK cents per share.
According to the announcement, the increase in revenue is mainly due to the launch of new business in the Chinese Internet service industry in the six months ending September 30, 2023 and new basic projects undertaken by the Group.
Furthermore, China Red Packet announced earlier that Hainan Hongbao Linkage Technology Co., Ltd., an indirect wholly-owned subsidiary of the company, has developed a one-stop e-commerce platform to provide a wide range of services to meet the daily needs of the public. The development of the platform is a move for the Group to enter new markets to boost its existing supply chain business.