Glonghui, April 15 | Hongteng Precision (6088.HK), which enjoyed a profit in the afternoon, dropped more than 14% to HK$1.8 at one point, for the third day in a row. The company announced at noon that net profit for the first quarter is expected to be between 7 million and 10 million US dollars, and a net loss of about 9 million US dollars was recorded in the same period last year. According to the company, it is expected to turn a loss into a profit in the first quarter, mainly due to improvements in the Group's management efficiency and a gradual recovery in demand in the computer and consumer electronics and network facilities terminal markets.