Foton Industrial (00420) expects profit attributable to company owners to increase sharply to about HK$63.8 million in the medium term

According to the Zhitong Finance App, Futian Industrial (00420) announced that the Group expects profit for the six months ended June 30, 2026 (reporting period) to increase significantly compared to the same period in 2025. Profit attributable to company owners was approximately HK$63.8 million during the reporting period, a significant increase from approximately HK$30.7 million in the same period in 2025. Profit during the reporting period increased from approximately HK$35.8 million to approximately HK$71.4 million in the same period in 2025.

Profitability improvements are mainly due to:

1. Improved gross profit capacity: Increased production efficiency and effective cost control during the reporting period led to an increase in gross profit;

2. Strengthen cost control: continue to implement strict expenditure management measures, leading to a reduction in administrative expenses; and

3. Optimized financing structure: Effective treasury management reduced financing costs during the reporting period.