According to the Zhixun Financial APP, LK Tech (00558) rose more than 11% after the results, with a current increase of 11.56%, to 3.57 Hong Kong dollars, with a turnover of 8.5647 million Hong Kong dollars.

On the news, recently, LK Tech (00558) released its annual performance report for the year ending March 31, 2024. The company's annual performance remained stable, demonstrating good risk resistance and market adaptability, with revenue of 5.837 billion Hong Kong dollars, fully reflecting the company's stable operation and continuous development capabilities in a complex economic environment.

In the 2024 fiscal year, net income reached HKD518 million, gross margin was 27.2%, operating profit margin was 11.3%, and net profit margin was 8.9%. It is worth mentioning that the net profit in the second half of the fiscal year showed a significant growth trend, increasing by 52.3% from the first half of the year, and the downward trend was reversed, demonstrating the company's stable profitability throughout the fiscal year.

Looking at the income structure, the reason why LK Tech achieved resilient growth in a depressed market is mainly due to the strong recovery momentum of the company's three major businesses. It is reported that the company's die-casting machine, injection molding machine, and CNC machining center businesses showed good growth trends in the second half of the year, and the accumulated revenue of the three major businesses recorded double-digit growth month-on-month, with 12.5%, 10.4%, and 11.9%, respectively, driving the group's overall accumulated revenue to record 12.0% month-on-month growth. At the same time, the group's overall net profit also recorded a 52.3% month-on-month increase, of which the die-casting machine and injection molding machine businesses recorded a 23.8% and 246.4% month-on-month increase, respectively.