The Zhitong Finance App learned that Xinli International (00732) rose more than 8%. As of press release, it had risen 8.22% to HK$0.79, with a turnover of HK$4.03 million.
According to the news, Xinli International previously announced that the group's unaudited consolidated net turnover in February 2024 was approximately HK$1,142 million, a year-on-year decrease of about 5.5%. In January-February, the Group's unaudited cumulative consolidated net turnover was approximately HK$2,779 million, an increase of approximately 32.6% over the previous year.
According to reports, Xinli International Co., Ltd. is an investment holding company mainly engaged in the manufacture and sale of LCD products. The LCD Products Division is engaged in the manufacture and distribution of LCD products and touch screen products. The Consumer Electronics Division is engaged in the manufacture and distribution of consumer electronics products.
Shanghai Securities pointed out that in the future, as folding screen product technology becomes more mature, costs are further reduced, and more application adaptations are developed, especially after applications that can take advantage of the unique advantages of folding screen hardware are developed, sales of folding screen products are expected to continue to increase. Increased demand may drive the expansion of this market segment, and the folding screen phone industry chain is expected to continue to expand.