Changes in Hong Kong stocks | Ling Xiong Technology (02436) rose more than 11%, and the medium-term net profit is expected to rise sharply to about 20 million yuan

The Zhitong Finance App learned that Ling Xiong Technology (02436) rose by more than 11%. As of press release, it had risen 10.67% to HK$22.4, with a turnover of HK$13.28 million.

According to the news, recently, Ling Xiong Technology announced that the Group's net profit is expected to increase sharply to about RMB 20 million for the six months ending June 30, 2026, an increase of about 300.0% over approximately RMB 4.9 million for the same period in 2025. The Group also anticipates a sharp increase in gross profit to approximately RMB 180 million for the six months ended June 30, 2026, an increase of no less than 75%, compared to approximately RMB 101.9 million for the same period in 2025.

According to the announcement, the Group's significant improvement in financial performance is mainly due to rapid growth in the computing power infrastructure-related equipment lifecycle management solution business. The business provides customers with proprietary and scalable computing power, particularly those requiring artificial intelligence (AI) and other compute-intensive applications. The Group believes that the strategic adjustment of its business portfolio and the expansion of products and services related to computing power has improved operational efficiency, improved profitability and enhanced the Group's long-term growth potential.