The Zhitong Finance App learned that Huiliang Technology (01860) rose more than 14% in early trading, up HK$3.26, up 35% from the recent low of HK$2.41. As of press release, it rose 8.06% to HK$2.95, with a turnover of HK$5.934,700.

According to the news, Huiliang Technology previously announced that the company would like to hold a board meeting on May 16, 2024 (next Thursday) to consider and approve (among other things) the first quarter results of the company and its subsidiaries for the three months ended March 31, 2024 and their announcements. It is worth noting that on April 15, Huiliang Technology released the 2023 ESG Report. According to the report, Huiliang Technology is ranked in the top 10% of the industry in the S&P Global Corporate Sustainability Assessment, and the Hang Seng Corporate Sustainability Index is rated BBB+.

Open Source Securities previously released a research report stating that the company continues to optimize costs and expenses. In addition, the company implemented staff reduction and new product development aimed at narrowing losses in the marketing technology business. Benefiting from Mintergral's improved marketing efficiency and reduced customer acquisition costs, there is still room for improvement on the company's profit side. At the same time, the company plans to increase the capital amount of HK$80 million to the current share repurchase plan, further demonstrating confidence in development. We believe that the company's globalization and multi-category customer development strategy will continue to advance, business expansion will drive scale effects, and the company's commercialization space is expected to gradually open up.