Huixun Shares (02127) fell more than 18% during trading hours. As of the time of publication, it fell by 6.78% to HKD 0.055, with a turnover of 1.6059 million Hong Kong dollars.
According to the Smart Finance and Economics APP, Huixun Shares (02127) fell more than 18% during trading hours. As of the time of publication, it fell by 6.78% to HKD 0.055, with a turnover of 1.6059 million Hong Kong dollars.
On the news front, Huixun Shares will release its performance on August 30th. The company previously issued a profit warning at the end of July, expecting a loss of 0.25 billion to 0.35 billion yuan in the first half of the year, compared to a net profit of 0.16 billion yuan in the same period last year. The company issued a clarification announcement on August 22nd, stating that it expects to record a loss of approximately 0.35 billion to 0.4 billion yuan in the first half of the year.
The company stated that the loss in the period was mainly due to the continued global economic downturn and the impact on the home industry. The company's business revenue has declined significantly, leading to a year-on-year decrease in revenue. In addition, due to the continuous impact of trade tariffs, the overall gross margin has decreased, resulting in a loss in the first half of the year for the company.