HONG KONG, Nov. 20 (Economic Information Daily) -- FORTIOR (01304) is currently up 3.7%, trading at HK$104.8, with approximately 240,000 shares traded, involving a turnover of HK$249.3 million. The stock reached a high of HK$106.8 and a low of HK$100.5.
FORTIOR announced that it expects net profit attributable to shareholders for the nine months ended September 30 to be approximately RMB 280 million, representing a year-on-year increase of 69.69%. Net profit attributable to shareholders, after deducting non-recurring gains and losses, is expected to be around RMB 270 million, up 76.69% year-on-year.
The group forecasts operating revenue of approximately RMB 840 million during the period, an increase of 50.88%, with total profit expected to reach about RMB 310 million, up 78.56%. The anticipated growth in operating performance is primarily due to sustained investment in research and development during the first three quarters, expanded market channels, exploration of incremental opportunities, and significant revenue growth in industrial and automotive application areas. Additionally, the group's traditional products continue to achieve higher market penetration, with both business scale and profitability growing simultaneously.
Currently, the Hang Seng Index stands at 23,913, down 273 points or 1.1%, with main board turnover exceeding HK$145.7 billion. The Hang Seng China Enterprises Index is at 8,046, down 82 points or 1%. The Hang Seng Tech Index is at 4,047, down 60 points or 1.5%. (vs)
FORTIOR announced that it expects net profit attributable to shareholders for the nine months ended September 30 to be approximately RMB 280 million, representing a year-on-year increase of 69.69%. Net profit attributable to shareholders, after deducting non-recurring gains and losses, is expected to be around RMB 270 million, up 76.69% year-on-year.
The group forecasts operating revenue of approximately RMB 840 million during the period, an increase of 50.88%, with total profit expected to reach about RMB 310 million, up 78.56%. The anticipated growth in operating performance is primarily due to sustained investment in research and development during the first three quarters, expanded market channels, exploration of incremental opportunities, and significant revenue growth in industrial and automotive application areas. Additionally, the group's traditional products continue to achieve higher market penetration, with both business scale and profitability growing simultaneously.
Currently, the Hang Seng Index stands at 23,913, down 273 points or 1.1%, with main board turnover exceeding HK$145.7 billion. The Hang Seng China Enterprises Index is at 8,046, down 82 points or 1%. The Hang Seng Tech Index is at 4,047, down 60 points or 1.5%. (vs)
