On September 14, LEGENDHOLDING rose 5.24% in regular trading, trading at HK$19.05 per share, with turnover of HK$56.51 million.

The rally was primarily driven by the company's recently released interim results. In the first half, LEGENDHOLDING posted revenue of RMB 362.935 billion, up 29% year-over-year, while net profit attributable to equity holders surged 219% to RMB 2.23 billion. Adjusted attributable net profit soared 834% to RMB 5.812 billion. The strong performance was largely fueled by a turnaround in the industrial incubation and investment segment, where the investment business swung to profitability amid a recovering capital market. Infrastructure solutions revenue climbed 62% to RMB 96.7 billion, with AI server order backlog reaching USD 54 billion. R&D spending rose 18% to RMB 10 billion.

Sector linkage also contributed, as core asset Lenovo Group gained 3.77% on the same day. Citi previously maintained a Buy rating on LEGENDHOLDING with a target price of HK$17, noting the stock trades at a roughly 78% discount to estimated NAV.

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