HK Stock Market Move | CONANT OPTICAL (02276) rises over 6% as XR business enters a growth phase, with revenue soaring nearly 15 times in the first half of the year.

CONANT OPTICAL (02276) has risen over 6%, with a cumulative increase of nearly 40% this month. As of the time of writing, it is up 5.71%, priced at HKD 43.34, with a transaction volume of HKD 28.6817 million. On the news front, CONANT OPTICAL recently released its performance report, stating that its revenue for the first half of the year reached RMB 1.167 billion, a year-on-year increase of 7.6%; the net profit attributable to shareholders of the parent company was RMB 301 million, a year-on-year increase of 10.4%; adjusted net profit attributable to the parent company, excluding foreign exchange gains and losses, was RMB 346 million, a year-on-year increase of 27.6%. The board of directors proposed an interim dividend of HKD 0.20 per share. Notably, the company's emerging XR business has become the biggest highlight of the first half of the year, with XR business revenue reaching RMB 50.5 million, a staggering year-on-year increase of 1475.3%. The company has successfully entered the supply chains of multiple domestic and international smart glasses clients while continuing to advance the expansion of its production lines to prepare for subsequent large-scale mass production.