Changes in Hong Kong stocks | Huiliang Technology (01860) surpasses 12%, programmatic advertising leader AppLovin's latest performance and guidelines exceed expectations

The Zhitong Finance App learned that Huiliang Technology (01860) opened more than 12%. As of press release, it rose 12.29% to HK$10.69, with a turnover of HK$4.265,300.

According to the news, AppLovin announced the results for the third quarter of 2026 after the US stock market on November 4. A number of indicators surpassed expectations: third-quarter revenue of US$2.85 billion, up 55% year on year; net profit of US$1,439 billion, up 72% year on year, and net interest rate of 66%; adjusted EBITDA of US$1,842 million, up 59% year on year. At the same time, the company provided revenue guidance of 2,365 billion to 2,395 million US dollars for the fourth quarter. The median value increased by about 43% year-on-year, clearly exceeding market expectations. Boosted by performance, AppLovin shares surged more than 21% after the market.

Huiliang Technology's main product is the programmatic interactive advertising platform Mintegral, which is regarded by the market as the counterpart of AppLovin's business model in Hong Kong stocks. Shen Wan Hongyuan pointed out that Mintegral's 2024/2025 revenue increased by 47.2%/35.9%, respectively, and still grew 24.3% in the first half of this year under a high base. The bank believes that in the medium to long term, the company is expected to achieve steady growth through a more complete product layout.