Intraday, Xingkong Huawen (06698) fell more than 4%, hitting a new low of 2.84 Hong Kong dollars since its listing, as of press time, down 3.02%, at 2.89 Hong Kong dollars, with a turnover of 20.954 million Hong Kong dollars.
According to the Zhitong Finance APP, Xingkong Huawen (06698) fell more than 4% during the intraday session, hitting a new low of 2.84 Hong Kong dollars since its listing. As of press time, it has fallen by 3.02% to 2.89 Hong Kong dollars, with a turnover of 20.954 million Hong Kong dollars.
Regarding the news, Xingkong Huawen will announce its mid-term performance for 2024 on August 19th (next Monday). The company had issued a profit warning earlier and expected a revenue of approximately 686 million yuan ($106.4 million) to 736 million yuan ($114.1 million) for the first half of this year, compared to approximately 1.44 billion yuan ($222.4 million) in the same period last year, with a net loss of approximately 53.5 million yuan ($8.3 million) to approximately 58.5 million yuan ($9.1 million), while the net loss in the same period last year was approximately 17.2 million yuan ($2.7 million). This is mainly due to a decrease in the number of variety shows. It is reported that 'China Good Voice' has not been able to resume broadcasting since being suspended in August last year.