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On February 2, during the early trading hours, the share price of Ruipu Lanjun (00666) experienced a remarkable surge of over 12%. As of the time this news was compiled, the stock had already climbed by 9.53%, trading at HK$12.64 per share, with a trading volume totaling HK$75.8293 million. The company released an upbeat profit warning announcement, predicting a net profit ranging from RMB 630 million to RMB 730 million for the fiscal year 2025. This forecast represents a significant turnaround from previous losses, achieving a year-on-year profitability.
The anticipated performance growth is mainly driven by increased revenue, which stems from higher shipments of power and energy storage batteries. Additionally, gross margins have seen a substantial improvement, thanks to enhanced capacity utilization and the implementation of cost-cutting and efficiency-boosting measures.
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