Changes in Hong Kong stocks | Shenghong Technology (02476) fell more than 7%, net profit to mother in the third quarter fell 52.17% year on year. The company said it was full of orders in hand and had strong certainty

The Zhitong Finance App learned that Shenghong Technology (02476) fell more than 7% in the morning. As of press release, it fell 7.57% to HK$125.7, with a turnover of HK$788 million.

According to the news, on October 29, Shenghong Technology disclosed its third quarter results. The company's revenue for the first three quarters of 2026 was 18.461 billion yuan, up 30.77% year on year; net profit attributable to shareholders of listed companies was 3.384 billion yuan, up 4.28% year on year. Looking at a single quarter, revenue for the third quarter of 2026 was 6.831 billion yuan, up 34.30% year on year; net profit attributable to shareholders of listed companies was 527 million yuan, down 52.17% year on year.

On the same day, Shenghong Technology said in a conference call that part of the production capacity of the company's Huizhou headquarters plant will gradually be put into operation in the fourth quarter; the A1 building at the Thai base has now reached full production, and the above two will bring about a considerable increase in production capacity in the fourth quarter. Currently, the company has plenty of orders and strong certainty, and order visibility has further increased compared to the third quarter. At the same time, the company has sufficient raw materials, supporting personnel and production capacity resources, combined with the release of additional production capacity from the headquarters. The company is confident of subsequent performance improvements.