China's footwear maker Golden Solar hits record high on robust sales

Golden Solar New Energy Technology Holdings

02/08/2021 04:39

** Shares of slippers, sandals and casual footwear maker
Golden Solar New Energy Technology Holdings Ltd  1121.HK ,
formerly Baofeng Modern International, surge 16.3% to HK$6.98,
the highest since listing in January 2011
    ** Stock on course for a third straight session of gains;
the sixth-biggest percentage gainer on the Hong Kong bourse
    ** Fujian-based firm says on Monday it expects its sales for
six months ended in June to jump 227.6% from the same period a
year ago to 158.1 million yuan ($24.45 million), as customers
transferred orders from Southeast Asia and India to the company
as China economy recovers   urn:newsml:reuters.com:*:nFWN2P7062
    ** Says H1 gross profit margin is expected to increase to
25.7% as compared to 12.5% the same period in 2020
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
gains 0.5%
    ** The Hang Seng China Enterprises Index  .HSCE  climbs 0.8%
and the benchmark index  .HSI  rises 1.1%
    ** As of last close, the stock had soared 659.5% this year


($1 = 6.4667 Chinese yuan renminbi)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))