Understanding the Market | PC PARTNER rises nearly 17% again, with annual net profit increasing 3.3 times year-on-year. The company is the world's second-largest GPU graphics card manufacturer
PC PARTNER rose nearly 17% again, as of the time of writing, up 15.85%, reported at HKD 10.6, with a transaction volume of HKD 85.2309 million. In terms of news, PC PARTNER recently announced its 2024 annual financial report, with total revenue of HKD 10.082 billion, an increase of 10% year-on-year; net profit for the year was HKD 262 million, a year-on-year increase of 331%, with earnings per share of HKD 0.68. The final dividend is HKD 0.15, compared to HKD 0.20 in the same period last year. The growth in profit is mainly due to strong demand for the new series of graphics cards launched at the beginning of 2024, along with improved demand for graphics cards compared to the previous year. The reduction in promotional and marketing expenses for the group's own brand business to stimulate sales has also improved the gross profit margin. Public information shows that on November 15, 2024, PC PARTNER successfully listed on the main board of the Singapore Stock Exchange through a introduction method. It is reported that PC PARTNER is the world's second-largest GPU graphics card manufacturer, with sub-brands including Zotac, Inno3D, and Gainward. PC PARTNER has relocated its headquarters to Singapore and established PC Partner Singapore PTE Ltd; its graphics card production line will also move from China to Indonesia
According to the Zhitong Finance APP, PC PARTNER (01263) has risen nearly 17%, and as of the time of writing, it is up 15.85%, trading at HKD 10.6, with a transaction volume of HKD 85.2309 million.
On the news front, PC PARTNER recently announced its financial report for the fiscal year 2024, with total revenue of HKD 10.082 billion, an increase of 10% year-on-year; net profit for the year was HKD 262 million, a year-on-year increase of 331%, with earnings per share of 68 cents. The final dividend is 15 cents, compared to 20 cents in the same period last year. The profit growth is mainly due to strong demand for the new series of graphics cards launched at the beginning of 2024, along with improved demand for graphics cards compared to the previous year. The reduction in promotional and marketing expenses for the group's own brand business to stimulate sales has also improved the gross profit margin.
Public information shows that on November 15, 2024, PC PARTNER successfully completed a secondary listing on the main board of the Singapore Stock Exchange through an introduction. It is reported that PC PARTNER is the world's second-largest GPU graphics card manufacturer, with sub-brands including Zotac, Inno3D, and Gainward. PC PARTNER has relocated its headquarters to Singapore and established PC Partner Singapore PTE Ltd; its graphics card production line will also be moved from China to Indonesia
