Changes in Hong Kong stocks | China Tobacco Hong Kong (06055) rose more than 8%, the first half of the year's performance was under pressure, and the gross margin of cigarette exports increased sharply

The Zhitong Finance App learned that China Tobacco Hong Kong (06055) rose more than 8%. As of press release, it had risen 7.17% to HK$25.4, with a turnover of HK$92.556 million.

According to the news, China Tobacco Hong Kong announced its 2026 interim results, with revenue of HK$7.54 billion, a year-on-year decrease of 26.9%; profit attributable to shareholders of HK$627 million, a year-on-year decrease of 11.2%; and plans to pay an interim dividend of HK$0.19 per share. The decline in revenue was mainly affected by the tobacco leaf product import business and the cigarette export business, which was partially offset by significant growth in tobacco leaf export business and Brazilian business.

In the first half of the year, China Tobacco Hong Kong exported 42,563 tons of tobacco leaf products, up 10.6% year on year; operating revenue was HK$1,765 billion, up 52.7% year on year. In addition, the gross margin of cigarette exports increased dramatically, with export volume of 656 million cigarettes, a year-on-year decrease of 35.6%; revenue of HK$412 million, a year-on-year decrease of 25.3%; and gross profit margin of 36.1%, an increase of 10.4 pcts year-on-year. Dongwu Securities believes that cigarette exports are expected to resume in the second half of the year, and channel and product structure optimization will continue to contribute to profit flexibility.