Jitong Financial APP learned that Kingboard Group (00148) rose 6.63% to HK $42.60 as of press time, while Kingboard Laminates (01888) rose 3.34% to HK $16.72.

On the news side, Kingboard Group announced that its net profit for the six months ending June 30, 2021 is expected to increase by 350% to 400% over the same period last year. Kingboard Laminates announced that net profit for the six months to June 30, 2021 is expected to increase by 33% to 38% over the same period last year.

The Jiantao laminate announcement shows that the sharp increase in net profit during the reporting period was mainly due to strong market demand and a significant increase in the sales volume and unit price of the Group's products. During the reporting period, the supply of upstream materials such as copper foil, glass cloth and epoxy resin in the market is still very tight, and the unit price of the product continues to run at a high level. In addition, the group's strong and sound vertically integrated business model is also another major factor.