The Zhitong Finance App learned that the resumption of trading of Sanbao Technology (01708) soared, rising more than 93% at the beginning of the session. As of press release, it rose 46.77% to HK$0.91, with a turnover of HK$1.483,700.

According to the news, Sanbao Technology reissued its 2023 annual results. During the period, it obtained total operating income of 494 million yuan (RMB, same below), a year-on-year decrease of 3.73%; net profit attributable to shareholders of the parent company was 1.95 million yuan, and net loss attributable to shareholders of the parent company during the same period last year was 274 million yuan, turning a year-on-year loss into a profit.

In addition, the gross margin during the reporting period was about 17.72%, an increase of about 12.02% over the previous year. The main reason is that the company's customs logistics business orders increased compared to last year, and the gross profit margin increased. By improving the supplier management mechanism, the company adopted tripartite and multi-party price comparison methods to reduce project procurement costs and increase gross profit margin.