After the release of performance, the stock price of Time Angel (06699) soared, rising more than 20% intraday. As of the filing, it rose by 15.58%, to HK$60.45, with a turnover of 0.101 billion HK$.
According to the Wise Finance APP, the stock price of Time Angel (06699) surged after the performance announcement, rising more than 20% during the day. As of the filing, it rose by 15.58%, to HK$60.45, with a turnover of 0.101 billion HK$.
On the news front, Time Angel announced its mid-term performance, with revenue of approximately RMB 0.8615 billion, a year-on-year increase of 39.8%; adjusted net income of approximately 71.7 million yuan, a year-on-year increase of 95.8%. During the reporting period, the total number of cases reached approximately 152,900, a 60.3% increase from approximately 95,400 in the same period last year, with international market cases reaching 57,600, accounting for 37.7% of the total cases.
Sinolink Securities pointed out that the company's global business layout is gradually entering a harvest period. The company's international market continues to expand, with high previous costs, and it is expected that the loss in the international market will further narrow as the sales scale increases and costs are diluted. The firm is bullish on the company's continued international layout, steady growth of domestic business, continuous product innovation, and anticipated future growth.