Changes in Hong Kong stocks | Seashell-W (02423) rose more than 3%. Adjusted net profit performance in the second quarter exceeded expectations, improved operating efficiency and was sustainable

The Zhitong Finance App learned that Seashell-W (02423) rose more than 3%. As of press release, it had risen 3.31% to HK$46.88, with a turnover of HK$472 million.

According to the news, Shell announced results for the second quarter of 2026. Net revenue for the second quarter was 24.5 billion yuan, and adjusted operating profit was 3.59 billion yuan. Adjusted net profit increased 74.9% year-on-year to 3.185 billion yuan. The adjusted operating profit margin reached 14.6%, an increase of 8.5 percentage points over the previous year. The number of second-hand housing transactions on the Shell platform increased 25% year on year. The company's overall GTV reached 933.8 billion yuan, an increase of 6.3% year over year, achieving the first increase in a year.

Societe Generale Securities said that as an industry leader, the company has strong A attributes and is sustainable in improving operational efficiency. It is expected to release profit elasticity and maintain a “buy” rating during the beta phase of the industry. According to the Damo Research Report, Shell continued to expand its market share, along with strong second-quarter results, proving that its continuous improvement in operating efficiency and profitability beyond market benchmarks can be transformed into long-term sustainable benefits and maintain an “gain” rating.