Changes in Hong Kong stocks | Jiantao Group (00148) rose more than 9% in the intraday period, net profit attributable to shareholders increased 5% year-on-year, and copper-clad panel profits rose sharply

The Zhitong Finance App learned that Jiantao Group (00148) rose more than 9% in the intraday period. As of press release, it had risen 7.28% to HK$48.88, with a turnover of HK$768 million.

According to the news, on August 24, Jiantao Group announced its results for the six months ended June 30, 2026. The group achieved a turnover of HK$29.131 billion during the period, an increase of 35% over the previous year; net profit of HK$2,711 billion, an increase of 5% over the previous year; a basic profit of HK$2.445 per share; and plans to distribute an interim dividend of HK$0.73 per share.

During the review period, high-end fields such as artificial intelligence (AI) developed rapidly, and demand for emerging electronic products around the AI concept was even stronger. Copper clad panels and their upstream materials, including electronic glass fiber yarn, electronic glass fiber cloth and copper foil, raised prices several times during the period, and the pace of price increase accelerated in the second quarter. Copper-clad panel companies in the upper part of the market partially stopped production due to lack of electronic glass fiber cloth, but the group has a complete vertically integrated industrial chain. Sales of copper-clad panels increased compared to the same period in 2025, and departmental profits increased sharply compared to the same period last year.