(Yicai Global) April 10 -- Shares in Hangzhou Great Star Industrial hit the 10 percent up limit this morning after the firm revealed that it has received USD40.3 million worth of overseas mask orders since the outbreak of Covid-19.

Great Star stock [SHE:002444] had reached CNY10.88 (USD1.55) within five minutes of the market opening and has remained there since.

Companies from the US, Germany, Italy and the UK are placing the biggest orders and others are coming from Eastern Europe, South America and Oceania, the Zhejiang province-based toolmaking firm said in a statement yesterday. It hopes to deliver the goods within the next two months.

Its overseas masks sales totaled less than USD5 million in 2019, but securing CE certification for sales in Europe and approval from the US Food and Drug Administration last month has bolstered sales, the company added.

Great Star has also donated over CNY5 million (USD710,500) worth of anti-pandemic supplies, such as masks and forehead thermometers, to overseas clients since the virus broke out, according to a post on its website.

Editor: James Boynton