Core Viewpoint - Zhi Zi Cheng Technology (09911) has shown significant stock performance, with a recent increase of over 7%, currently trading at 12.4 HKD, reflecting a trading volume of 67.73 million HKD. The company reported a 40.0% year-on-year revenue growth and a substantial 117.8% increase in net profit attributable to shareholders for the first half of the year, particularly driven by strong performance in the Middle East and North Africa (MENA) region [1][1][1]. Financial Performance - The company achieved a gross margin of 56% in the first half of the year, an increase of 6 percentage points, attributed to a decrease in revenue sharing from social business and a higher proportion of high-margin innovative business [1][1]. - The revenue from core products in the MENA region grew by over 60% year-on-year, indicating the effectiveness of localized operations and the deepening of market barriers [1][1]. Strategic Outlook - The continuous growth in the MENA region suggests that the company's localization strategy is beginning to show a "compound effect," with the company making steady progress towards its strategic goal of penetrating the Middle Eastern market [1][1]. - Despite expected high marketing costs for new products in the short term, the company plans to enhance its capabilities in product research and development, growth, and operations through centralized integration and AI empowerment, which is anticipated to gradually release operational leverage in R&D and administrative expenses [1][1].
港股异动 | 赤子城科技(09911)再涨超7% 上半年纯利增近1.2倍 今年集团毛利率有望同比大幅优化