Beijing Forest Holdings (09669) plunged in the afternoon, falling more than 28% at one point. As of the deadline, it fell 13.1%, at HKD 4.51, with a turnover of HKD 49.757 million.
According to the Wisdom Financial APP, Beijing Forest Holdings (09669) plunged in the afternoon, falling more than 28% at one point. As of the deadline, it fell 13.1%, at HKD 4.51, with a turnover of HKD 49.757 million.
On the news front, on June 25th, Beijing Forest Holdings released its annual performance as of March 31, 2024, with a group income of RMB 855 million, a YoY increase of 13.8%; a net loss of RMB 3.209 billion, a YoY expansion of 23.5%. It is noteworthy that the company's revenue has been increasing while profits have not, and losses have been expanding. In the previous three fiscal years, Beijing Forest Holdings accumulated losses of RMB 5.448 billion. The company's revenue for 2021-2023 fiscal years were RMB 556 million, RMB 680 million, and RMB 751 million respectively, and the net income were RMB -940 million, RMB -1.909 billion, and RMB -2.599 billion respectively.
In addition, the Hang Seng Composite Index is reviewed twice a year, with the data as of June 30 and December 31 each year. According to the big data prediction of LiveReport, as of June 14, including 32 Hong Kong stock connect stocks including Beijing Forest Holdings, the average market cap during the review period was less than HKD 4 billion. As of June 228, the latest market cap of Beijing Forest Holdings was HKD 3.2 billion, still a distance from HKD 4 billion.