The Zhitong Finance App learned that Jiantao Multilayer Board (01888) rose by more than 9% in early trading. As of press release, it had risen 9.44% to HK$6.49, with a turnover of HK$2,079,800.

According to the news, Jiantao Laminated Board recently announced its results. The annual turnover was about HK$16.75 billion, a year-on-year decrease of 25%; company holders should account for net profit of about HK$907 million, a year-on-year decrease of 52.47%; profit per share was 29.1 HK cents, with a recommended final dividend of HK$10 per share. Citigroup said that the results were better than the 55% year-on-year decline of at least HK$860 million, as predicted by the Pacific Police earlier.

Dahua Jixian said that the net profit of Jiantao Laminate in the second half of last year increased 15% to HK$485 million compared to the first half of the year, which is slightly higher than the SWP guidelines. The company's copper clad plate (CCL) sales recovered in the second half of last year, but the average price of the product continued to fall, which continued to affect gross profit margin. In the end, gross margin remained the same as in the first half of the year. The bank expects that Jiantao laminated boards will gradually recover this year, and any prudent policy on electronics/equipment replacement may bring room to the bank's predictions.