Changes in Hong Kong stocks | Guancheng Watch & Jewellery (00256) rose more than 3% at the end of the session. Shareholders are expected to account for no less than HK$40 million in profit in the first half of the year

The Zhitong Finance App learned that Guancheng Watch & Jewellery (00256) rose more than 3% at the end of the session. As of press release, it had risen 3.53% to HK$0.088, with a turnover of HK$372,200.

According to the news, Guancheng Watch & Jewelry announced that it is expected that the Group will obtain a profit of not less than HK$40 million in the six months ending June 30, 2026, while the Group will obtain a loss attributable to the owner of the Company of approximately HK$42,045 million in the six months ending June 30, 2025.

The Board of Directors believes that the main reasons for the significant improvement in the Group's profit are as follows: an increase in operating efficiency in the watch, timepiece products and watch accessories business, and a significant reduction in operating expenses; an increase in profits contributed by the banking and financial business; and one-time income from completing the sale of 50% of Rotary Watch & Jewellery Limited's shares in May 2026.