Changes in Hong Kong stocks | Andeley Juice (02218) once surged 70%, and its stock price hit a new high, and doubled this week

The Zhitong Finance App learned that sales of Andeley Juice (02218) soared this morning, and at one point it rose more than 70% in the intraday period. The price rose to a record high of HK$24.5. Notably, the stock surged more than 52% on May 6. This week, the stock price doubled, and now the AH share premium has narrowed to 142.8%. As of press release, it rose 52.86% to HK$21.95, with a turnover of HK$726 million.

According to the news, Andeley Juice achieved revenue of 430 million yuan (RMB, same below) in the first quarter, an increase of 58.98% over the previous year; net profit to mother was 86.682 million yuan, an increase of 61.31% over the previous year. Haitong International previously stated that the company is one of the world's major concentrated juice processing enterprises. According to the company's 2021 annual report, the company's concentrated apple juice exports account for about 20% of China's concentrated apple juice exports (the company's overseas revenue share in 2023 was 63.2%). Furthermore, according to the company's 2023 annual report, the company's customer base is mainly world-famous beverage producers and traders, and the company has now established long-term and stable cooperative relationships with customers in more than 30 countries.