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Hong Kong stock noon review | The three major indices fluctuated, with the Hang Seng Index falling by 0.55% and the Tech Index falling by 0.66%; Cryptos concept stocks strengthened, with BOYAA rising over 5%.
The three major indices of the Hong Kong stock market fell together, with the Index down 0.55%, the Concept down 0.66%, and the National Index down 0.48%. Network Technology stocks weakened, while Cryptos Concept stocks strengthened, and Gold stocks rose.
FUYAO GLASS (600660): The main automotive glass business continues to achieve both increased volume and prices, with exchange gains boosting profit margins.
In Q1, the company's revenue, net profit attributable to shareholders, and non-deductive net profit were 9.91 billion yuan, 2.03 billion yuan, and 1.987 billion yuan respectively, with year-on-year increases of +12.16%, +46.25%, and +30.90%. The revenue side continues to reflect the main business logic of "volume and price rising together". Exchange rate fluctuations further boosted profits. The decline in gross profit was mainly affected by changes in accounting policies and capacity ramp-up, but it is expected to gradually recover in the future.
Hong Kong stocks movement | FUYAO GLASS (03606) rose over 4% as foreign exchange boosted profits further; Institutions are Bullish on the company's capacity gradually being released.
FUYAO GLASS (03606) rose over 4%, as of the time of writing, up 4.03%, reported at 56.8 HKD, with a transaction amount of 74.3616 million HKD.
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Hong Kong stocks fluctuated | Photovoltaic stocks collectively declined as the export volume of photovoltaic products fell by more than 30% in the first quarter, and the end of the rush to install may pressure the Industry Chain in terms of both price and
Solar stocks collectively declined. As of the time of writing, FLAT GLASS (06865) fell by 3.95%, priced at 8.5 Hong Kong dollars; XINTE ENERGY (01799) dropped by 2.9%, priced at 4.35 Hong Kong dollars; XINYI SOLAR (00968) decreased by 2.41%, priced at 2.43 Hong Kong dollars; XINYI GLASS (00868) fell by 2.22%, priced at 7.48 Hong Kong dollars.
