Five Star Automobiles Surges by 13.46% to HK$0.59, Expected to Record a Net Profit of Approximately HK$8.4 Million in the First Half of 2025, Up by Around 298%

Glon August 6 | Five Star Automobiles (0305.HK) surged by 13.46%, reporting HK$0.59. On the news front, Five Star Automobiles announced a gain last night, expecting to record a net profit of approximately HK$8.4 million in the first half of 2025, up by around 298%; meanwhile, it is expected that shareholders will reap profits, which will increase significantly to approximately RMB 3800 million compared with the 158.6 million yuan recorded in the first half of 2024. The company attributed the improved performance mainly to the improvement in gross profit margin and the reduction in general and administrative expenses due to ongoing cost control measures. Additionally, the decrease in losses from associated companies also contributed to the significant increase in group net profit and shareholder profits compared with the same period last year.