The Zhitong Finance App learned that An Xianyuan China (00922) released a positive announcement, opening more than 12% higher in early trading. As of press release, it rose 12.5% to HK$0.18, with a turnover of HK$136,800.

According to the news, Anxianyuan China announced that the Group's net profit for the year ending March 31, 2023 is expected to increase significantly by more than 42% compared to the year ending March 31, 2022. Mainly, gross profit increased by more than 10%; repayment of bad debts increased other income by more than 110%; and repayment of bank loans reduced financing costs by more than 70%.