Changes in Hong Kong stocks | Junda Co., Ltd. (02865) reversed the market and rose more than 3% in the third quarter, performance reduction month-on-month, benefiting from cell price repairs and efficiency improvements and cost reduction

The Zhitong Finance App learned that Junda shares (02865) bucked the market and rose by more than 4% during the intraday period. As of press release, it rose 3.10% to HK$10.99, with a turnover of HK$56.5024 million.

According to the news, on the evening of October 21, Junda Co., Ltd. announced the results for the third quarter of 2026. In the first three quarters, the company achieved operating income of 5.223 billion yuan, a year-on-year decrease of 8.1%; net loss attributable to shareholders of listed companies was about 428 million yuan, an increase of 2.25% over the previous year. It is worth noting that in the third quarter, the company achieved operating income of 2,042 billion yuan, an increase of 37.4% over the previous quarter; net profit to mother was 175 million yuan, a decrease of 92 million yuan.

Guojin Securities believes that the company's month-on-month loss reduction in the third quarter mainly benefited from battery price restoration and the company's continued cost improvement. According to InfoLink, TopCon battery prices rose 11% from an August low in the third quarter, driving the company's profit recovery. Furthermore, excluding the impact of the pace of subsidy confirmation in the third quarter, the actual loss reduction trend exceeded expectations. Considering that the fixed asset impairment accrual in 2025 is adequate, I am optimistic about the company's future profit growth elasticity.