Rose City Technology Surges Over 13%, Expected to Report Net Profit of Around HKD 4.7-5.1 Billion for First Half of 2025, with a Year-on-Year Growth of 108.9%-126.7%
Glorious Heir August 7th｜Rose City Technology (9911.HK) surged during the day, rising over 13% to HKD 11.61, with trading volume reaching HKD 1.2 billion as of now.
On the news front, the company released its earnings report last night, expecting that for the first half of 2025, total revenue will be around RMB 31.35-32.15 billion, up by approximately 38%-41.5% year-on-year; net profit attributable to shareholders will be around HKD 4.7-5.1 billion, up by 108.9%-126.7% year-on-year; and adjusted EBITDA will be around HKD 6.3-6.7 billion, up by approximately 40.6%-49.6% year-on-year.
The increase in profits is attributed to the "group's continued stable growth driven by AI technology, as well as the acquisition of NBT Social Networking Inc. non-controlling equity interests completed on December 2024, with all financial performance fully attributable to shareholders' equity"."