According to the Wisdom Wealth App, China Dongxiang (03818) fell more than 6%, as of press time, it fell by 6.06%, trading at HKD 0.31, with a turnover of HKD 1.0074 million.

In terms of news, China Dongxiang released annual results until March 31, 2024, with the group's revenue reaching 1.744 billion yuan (RMB, same below) during this period, a 3.87% increase year-on-year; the company's net loss attributable to owners was 639 million yuan, compared with a net profit attributable to owners of 115 million yuan in the same period last year; it plans to distribute a special final dividend of 0.51 cents per share.

As of March 31, 2024, the total number of Kappa brand stores in the group was 1,012 (excluding Kappa children's clothing business), a net decrease of 11 compared with the same period last year. The company said this was to continue to focus on the franchising model and optimize the efficiency of individual stores, and to consider accelerating the efficient flow of goods across all channels.