Changes in Hong Kong stocks | Nexteer (01316) rose more than 4%, net profit in the first half of the year increased by more than 35% year-on-year, and new orders doubled compared to last year

The Zhitong Finance App learned that Nexteer (01316) rose by more than 4%. As of press release, it had risen by 3.93% to HK$5.155, with a turnover of HK$865.498 million.

According to news, Nexteer recently announced its results. In the first half of 2026, the company achieved revenue of 2,242 billion US dollars, an increase of 3.9% over the previous year, and realized net profit of 86 million US dollars, an increase of 35.2% over the previous year. Free cash flow of US$109 million was achieved, a significant increase from US$37 million in the same period last year. During the period, the company received orders of 3.3 billion US dollars, and the number of orders for the whole year is expected to reach 6 billion US dollars. Compared with receiving 1.5 billion US dollars in the first half of last year, orders of 4.9 billion US dollars for the whole year have increased significantly.

Cathay Pacific Haitong Securities released a research report saying that Nexteer Line Control's shift to commercialization is being implemented at an accelerated pace. In the first half of 2026, two new wire control switching projects entered mass production, and obtained a fixed line control switching target from another Chinese OEM. As of the 2026 interim report, the company has a total of 8 wire-controlled switching customers, of which 7 have locked wire-controlled switching mass production projects.