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Huizhi Technology's share price rose, with first-half net profit expected to increase by up to 170% year-on-year.

Zhitong Finance ·  Jul 8 10:56

On July 8, $TIME INTERCON (01729.HK)$Up more than 11%; as of this report, it rose 11.18% to HK$15.51, with a trading volume of HK$205 million.

On the news front, Ju Hui Technology issued a profit warning, expecting net profit for the first half of 2026 to increase by approximately 150% to 170% year-over-year, primarily due to higher revenue from the data center and server segments within the wire harness component division, as well as an increase in the company's share of associates' earnings.

Previously, Western Securities noted that Ju Hui Technology began offering server contract manufacturing services in 2022, generating HK$2.23 billion in revenue during fiscal year 2023 (April to December, a nine-month period), HK$3.19 billion in 2024, and reaching HK$7.40 billion in 2025—an increase of 132.1% year-over-year. Server-related revenue now accounts for 59.6% of total company revenue, making it the largest product category. Benefiting from the AI investment boom, the server contract manufacturing market is experiencing rapid growth, and the company is expected to continue benefiting from this sector-wide expansion.

Editor/KOKO

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