Changes in Hong Kong stocks | SMORE International (06969) rose by nearly 14%, and the rapid increase in HNB business is expected to further move towards platform-based growth

The Zhitong Finance App learned that Smore International (06969) rose by nearly 14%. As of press release, it had risen 12.57% to HK$11.55, with a turnover of HK$409 million.

According to the news, Smore International recently announced results. Revenue for the first half of the year was 7.209 billion yuan, up 19.9% year on year; net profit to mother was 572 million yuan, up 16.2% year on year. It is worth noting that during the period, the company's ToB business achieved revenue of 5.91 billion yuan, an increase of 24.7% over the previous year; of these, the HNB business revenue was 962 million yuan, an increase of 322.1% over the previous year. As core customers continue to expand the market and advance multi-customer strategies, HNB is expected to move further from single customer placement to platform-based growth.

Societe Generale Securities pointed out that the HNB business is the biggest growth highlight. Mainly due to mass shipments to core customers since the second half of 2025, it has helped this customer launch new products in 9 markets at the end of the period, and terminal sales and market share have increased. The company is cooperating with customers to develop iterative products and actively expand new customers to implement multi-customer strategies. The HNB business has become an important growth point for the company.