Changes in Hong Kong stocks | Jingyuan International (02232) rose more than 5% after the results, profit attributable to shareholders increased 10.6% year-on-year, and the expansion of the factory in Egypt is expected to contribute to new volume

The Zhitong Finance App learned that Jingyuan International (02232) rose more than 5% after the results. As of press release, it had risen 4.99% to HK$7.265, with a turnover of HK$430.102 million.

According to the news, on August 19, Jingyuan International announced results for the six months ended June 30, 2026, with revenue of US$1,296 billion, up 5.4% year on year; profit attributable to company owners of US$109 million, up 10.6% year on year; basic profit per share of 3.81 US cents, with proposed interim dividend of HK18 cents per share. According to the announcement, in the first half of 2026, the Group continued to benefit from strong order growth from brand customers and was relatively slightly affected by the conflict in the Middle East region. As a result, the Group's revenue and profitability both achieved steady growth during the period.

Huaxi Securities pointed out that Jingyuan International's 26H1 capital expenditure was 112 million US dollars, an increase of 86.7% over the previous year. The increase in capital expenditure was mainly due to the Company's strategic expansion projects in Egypt, including a one-time payment for the acquisition of a plot of land in New October City, Egypt during the reporting period. The plot covers a total area of about 800,000 square meters, and the acquisition cost is US$30.4 million. It lays the foundation for the company's manufacturing development project in Egypt, and is also an important milestone in the company's long-term capacity expansion strategy. The Egyptian base is close to Europe, and after production is put into operation, it is expected to serve European customers nearby and become a new driver of growth.