Lishi Group Holdings (00526) surged more than 39% in the intraday period. As of press release, it rose 36.59% to HK$0.05, with a turnover of HK$1.56 million.
The Zhitong Finance app learned that Lishi Group Holdings (00526) soared more than 39% in the intraday period. As of press release, it had risen 36.59% to HK$0.05, with a turnover of HK$1.56 million.
According to the news, Lishi Group Holdings announced that in the six months ending September 30, 2023, it is expected that the Group will obtain a net profit of between RMB 280 million and RMB 300 million from continuing operations. In contrast, in the same period in 2022, it will obtain a net profit of about RMB 168.8 million from continuing operations.
The company believes that in the Group's financial performance during the medium term, the increase in the Group's net profit from continuing operations was mainly due to compensation from the local government in Ningbo, China for land repossession.