Changes in Hong Kong stocks | Chizicheng Technology (09911) opened more than 9% after profit, AI enabled diversified social products and is expected to at least double its net profit in the first half of the year

The Zhitong Finance App learned that Chizicheng Technology (09911) opened more than 9% after the results. As of press release, it had risen 9.38% to HK$11.2, with a turnover of HK$2,486,400.

According to the news, Chizicheng Technology released a performance forecast. The total revenue for the first half of the year is expected to be about 3.135 billion yuan to 3.215 billion yuan, an increase of about 38.0% to 41.5% over the previous year; the profit attributable to the company's owners is expected to be about 470 million to 510 million yuan in the first half of the year, an increase of about 108.9% to 126.7% over the previous year.

According to the announcement, the expected revenue growth is mainly due to the Group's use of AI technology to drive the steady growth of diversified social products; the increase in profits due to the Group's use of AI technology to drive the steady growth of diversified social products, and the company's completion of the acquisition of NBT Social Networking's non-controlling interests in December 2024. All of NBT Social Networking's financial performance belongs to the company's equity shareholders.