HK Stock Market Move | LEGEND HOLDING (03396) rose over 17%, with industrial investments turning losses into profits and driving significant performance growth. Core asset performance achieved a breakthrough.

LEGEND HOLDING (03396) rose over 17%, and as of the time of publication, was up 17.27% at HKD 20.3, with a turnover of HKD 709 million. In terms of news, LEGEND HOLDING previously issued a positive profit announcement, expecting to achieve a net profit attributable to equity holders of the company of no less than RMB 2 billion in the first half of this year, representing a year-on-year increase of no less than 186%. This is primarily due to the recovery of the capital market, with the investment business in the industry incubation and investment sector turning losses into profits. Notably, LENOVO GROUP, as the company's core asset, is no longer just a traditional PC company but has become a technology giant that deeply benefits from the AI wave. The most recent results from LENOVO GROUP reveal that its revenue for the first fiscal quarter reached a record high for a single quarter, with AI server reserve orders surging to RMB 360 billion. A recent research report from Guotou Securities points out that moving forward, LENOVO GROUP will remain a major source of the company's profits, Levima Advanced Materials Corporation is in a capacity release phase, and the industrial investment sector will benefit from the recovery of the capital market and the IPOs of invested projects, indicating that the company's profit recovery trend is expected to continue.