Beyogreen (1397) has announced a surprise profit, expecting a significant increase in half-year profit of at least 1.25 times, driving the stock price to surge by over 30%. The stock is currently trading at 0.99 HKD, up 32%. Beyogreen's announcement stated that the post-tax profit is expected to be no less than 58 million HKD, representing an increase of no less than 125% year-on-year. Beyogreen Green stated that the significant increase in profit is mainly driven by three factors: (i) the gross margin increased from 7.5% to 10%, reflecting the effectiveness of cost control and efficiency improvement; (ii) revenue from the sale of underutilized properties, plants, and equipment; and (iii) a significant reduction in financial costs. Worth mentioning, Beyogreen Green is one of the favored stocks of seasoned investor David Webb, currently holding a 6.91% stake.