Hong Kong Stock Anomaly | Full-year performance in 2025 expected to surge, Hongcheng Environmental Protection Technology rises over 9%

Gelonghui April 1 | Hongcheng Environmental Technology (2265.HK) is up more than 9%, reaching a high of HK$1.69. In terms of news, Hongcheng Environmental released its 2025 full-year results report. The company achieved total revenue of RMB 324 million, up 38.36% year over year; net profit of RMB 88.5 million, up 47.47% year over year; and gross margin increased from 56.3% in the same period last year to 60.0%. The direct driver behind the surge in performance comes from a significant increase in the selling prices of its core products—sulfur concentrate and sulfuric acid. Recent market data shows that in Shandong, the price of 98% acid has already broken through the historical high, and market supply remains tight. In 2025, the company pushed the utilization rate of its sulfur-concentrate-to-acid production capacity to over 93%, and with a near-full production state it fully captured the market’s high-price dividends, achieving the best operating situation with both volume and price rising together. (Gelonghui)