STARPLUS LEGEND Shares Surge Over 24% in Afternoon Session Following Profit Warning

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Yesterday

STARPLUS LEGEND (06683) experienced a sharp increase of more than 24% during afternoon trading. At the time of writing, the stock was up 18.98%, trading at HK$8.4 with a turnover of HK$754 million. The movement follows the company's issuance of a profit alert, indicating an expected consolidated loss of no more than RMB 52 million for 2025. This contrasts with a consolidated profit of RMB 50.2 million recorded in the same period last year, representing a shift from profit to loss year-on-year. The company attributed this change to phased adjustments in its business structure and product portfolio during the year. Furthermore, the group stated it is currently in a critical phase of upgrading its business structure and strategy. The board of directors expressed the view that, although the current year's performance is affected by these transitional factors, the group's overall business operations remain normal. The company is continuing to advance the layout of its core businesses, with the related investments characterized as strategic asset allocations aimed at building high barriers to entry, which are intended to lay a foundation for the group's future business development.

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