HK Stock Market Move | FORTIOR (01304) rises over 10%; net profit attributable to shareholders for the first three quarters is expected to increase by nearly 70% year on year; industrial, automotive and other sectors are expected to remain highly prosperous.
FORTIOR (01304) rose over 10%, up 10.09% as of press time, at HK$111.3, with a turnover of HK$54.7151 million.
FORTIOR (01304) rose over 10%, up 10.09% as of press time to HK$111.3, with turnover of HK$54.7151 million.
On the news front, FORTIOR recently issued a positive profit alert, expecting revenue of approximately RMB 842 million for the nine months ended September 30, 2026, up 50.88% year on year; net profit attributable to shareholders of the listed company of approximately RMB 284 million, up 69.69% year on year. This was mainly due to the company's continued R&D investment in the first three quarters, active expansion of market channels, and tapping of incremental space, with significant revenue growth in industrial and automotive application sectors; in addition, market penetration of the company's traditional products continued to increase, with business scale and profitability growing in tandem.
Huatai previously noted that looking ahead to the second half, demand in industrial, automotive and other sectors is expected to remain highly prosperous. Industrial: demand for data center server cooling is strong, and the company's products can meet the needs of scenarios such as server computing units, high-end switches, data center power supplies and CDUs, and are expected to maintain high growth going forward, while industrial servo and Siasun Robot&Automation-related applications are also expected to gradually contribute incremental growth; Automotive: the company continues to deepen and broaden its automotive electronics application areas and has established deep strategic partnerships with a number of well-known automakers/Tier1 manufacturers, which is expected to become an important engine for subsequent performance growth.
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