Changes in Hong Kong stocks | Huaxida (00901) rose nearly 3%. Mid-term net profit is expected to increase by at least 70% year over year, and Cedar may start contributing to cash flow in the fourth quarter

The Zhitong Finance App learned that Huaxida (00901) rose nearly 3%. As of press release, it had risen 2.67% to HK$61.45, with a turnover of HK$6.277,800.

According to the news, recently, Huaxida issued an announcement. Based on an assessment of the latest information currently available to the board of directors and a preliminary review of the Group's unaudited comprehensive management accounts for the six months ended June 30, 2026 (this period), it is expected that the Group's revenue will increase by 30% to 40% compared to revenue of RMB 1,537 billion for the six months ended June 30, 2025; and net profit of RMB 103 million will increase by about 70% to 80% over the six months ended June 30, 2025.

Cathay Pacific Haitong previously stated that since its establishment, Huaxida has been deeply involved in the smart home circuit. With its customization capabilities (selling hardware and developing its own Cedar and xHome platforms), it has successfully positioned more than 300 telecom operators and retailers around the world. The company's existing hardware integrates the Matter protocol with environmental perception and edge computing capabilities, and in 2024 will launch CEDAR, a home AI smart device connected to the big language model of a third party to achieve high-precision visual and intent recognition. The bank believes that Cedar has now completed mass production preparations and is in the operator testing and adaptation stage. It is expected to start contributing cash flow in the fourth quarter of 2026, which is expected to become the core catalyst for the company to enter the next round of intelligent growth.