According to the Wisdom Financial APP, Yadong Group (01795) rose more than 6%, as of press time, up 6.19%, to HKD 1.200, with a turnover of HKD 6.9085 million.

In terms of news, Yadong Group recently announced that, as part of its family wealth planning arrangements, Mr. Xue Shidong will transfer all his shares in Dongyong Holdings to his son Mr. Xue Liang at a symbolic price on June 7, 2024 (share transfer). Before and after the completion of the share transfer, Dongyong Holdings has been the controlling shareholder holding 450 million shares, accounting for 75% of the total issued share capital of the company.

According to a research report released by China International Capital Corporation Limited, the forward-looking indicators for the textile manufacturing industry in Q4 2023 and Q1 2024 continue to improve, and the industry's "active replenishment" has begun with continuous demand recovery. Looking ahead, the bank believes that: 1) with low inventory of equipment, the effective transmission of this round of replenishment orders to equipment suppliers, the recovery of profits in 2024 is highly certain; 2) the textile machinery cycle is strong and interrelated, with slow improvement in industry concentration; 3) China's textile machinery capacity radiates globally, and there is a bullish outlook for the international competitiveness of leading companies in the sector.