Changes in Hong Kong stocks | Hongteng Precision (06088) fell more than 3%. Net profit from continuing operations in the first quarter fell nearly 39% year on year

The Zhitong Finance App learned that Hongteng Precision (06088) fell by more than 3%. As of press release, it was down 3.3% to HK$2.05, with a turnover of HK$27.5521 million.

According to the news, Hongteng Precision issued an announcement stating that it had obtained revenue and other operating income of US$1.03 billion for the three months ended March 31, 2025, an increase of 14.28% over the previous year; net profit from continuing operations was US$6.243 million, a decrease of 38.8% over the previous year. Changjiang Securities previously pointed out that the company relies on the “3+3” strategy, places equal emphasis on epitaxial mergers and acquisitions and endogenous growth, and quickly enters a booming circuit, and is expected to form the three major growth poles of electric vehicle high-voltage connectors, AI optical modules, and consumer electronics acoustics. The recovery of the main business resonates with the increase in AI, new energy, and consumer electronics acoustics. Combined with the global production capacity layout to reduce costs, profit flexibility is expected to continue to be unleashed.