The Zhitong Finance App learned that Quanfeng Holdings (02285) once rose more than 20%. As of press release, it had risen 14.22% to HK$26.1, with a turnover of HK$55.39 million.

According to the news, Quanfeng Holdings announced that the company's sales improved during the four-month period ending April 30, 2024, showing a positive acceleration trend. After the company faced challenges in the 2023 industry inventory removal cycle, the company believes that the company's business has reached an inflection point and achieved high double-digit growth in April. Compared with the same four-month period in 2023, it achieved positive year-on-year growth.

According to the announcement, during the four-month period ended April 30, 2024, the company's flagship brand EGO had strong sales performance in various channels in North America. This development has accelerated the inventory removal process for the company's main customers, and customer orders have increased month by month as a result. The company's power tools division is also recovering. Compared with the four months of the same period in 2023, both the terminal market and shipment volume increased year-on-year, especially for DIY brands.