Hangzhou Greatstar Industrial Co., Ltd. Class ASZSE: 002444

Hangzhou Greatstar Industrial Co: Net profit rose 6.63% to RMB 1.27 billion, led by 56% growth in power tools

· Issued by Hangzhou Greatstar Industrial Co., Ltd. Class A

Operating revenue grew 4.87% year-over-year to RMB 7.03 billion, with net profit up 6.63% to RMB 1.27 billion. Power tools surged 56.03% in revenue, while hand and industrial tools saw modest gains. A cash dividend of RMB 2.5 per 10 shares was proposed.

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