Changes in Hong Kong stocks | Jiuxing Holdings (01836) rose more than 4%, and consolidated revenue for the second quarter increased 1.2% year on year. 3 new factories are expected to start operation in the second half of the year

The Zhitong Finance App learned that Jiuxing Holdings (01836) rose more than 4%. As of press release, it had risen 4.3% to HK$13.34, with a turnover of HK$6.421,400.

According to the news, Jiuxing Holdings announced that in the second quarter of this year, the Group's unaudited consolidated revenue increased by about 1.2% to US$449.3 million; in the first half of the year, unaudited consolidated revenue increased by about 1.5% to US$786.7 million. Furthermore, the company stated that it still promises to distribute up to 60 million US dollars in additional cash to shareholders in 2026 through a combination of share repurchases and special dividends, in addition to maintaining a dividend rate of about 70% to pay regular dividends (including final dividends and interim dividends).

Under the guidance of the newly released 3-year plan (2026-2028), the Group's focus this year is on putting into operation and increasing production capacity at 3 new plants in Indonesia, Bangladesh and Vietnam. Together with the plant in Solo, Indonesia, these new plants will add about 20 million pairs of additional production capacity over the next few years. The Group expects three new plants in Indonesia, Bangladesh and Vietnam to commence operations in the second half of this year.