Changes in Hong Kong stocks | Jiashili Group (01285) rose more than 17% at the end of the session and is expected to increase net profit by about 640% to 663% year-on-year in the first half of the year

The Zhitong Finance App learned that Jiashili Group (01285) jumped sharply today and increased by more than 17% at the end of the session. As of press release, it had risen 16.8% to HK$1.46, with a turnover of HK$3,3267 million.

According to the news, Jiashili Group made a profit last night. The net profit for the first half of this year is expected to be about RMB 58.9 million to about RMB 61 million, an increase of about 640% to 663% over the previous year. This is mainly due to an increase in sales revenue of about RMB 60.3 million during the period; continued in-depth implementation of lean management strategies involving cost reduction, efficiency improvement, management and technological transformation, which led to a year-on-year reduction of administrative and sales expenses by about RMB 25.2 million; the stability of the global commodity market and the decline in raw material costs, which led to a year-on-year increase of about RMB 21.7 million in gross profit.