Edit/Futu Information Udon
Futu News reported on January 17 that Huahe Holdings rose sharply after opening sharply lower in early trading. At one point, it rose 68%, with an amplitude of 78%. As of press release, it had risen 62% to HK$0.81, with a turnover of HK$54.748,800.
Market source: Futu Securities
Huahe Holdings is a well-developed exterior contractor in Hong Kong; revenue from 17-19 (up to the end of March) was 153 million yuan, 216 million yuan, and 232 million yuan respectively; revenue from April to July 19 was 90.69 million yuan; adjusted net profit for 17-19 (up to the end of March) was 26.39 million yuan, 27.17 million yuan, 40.68 million yuan, and adjusted net profit from April to July 19 was 16.64 million yuan (if listing expenses are not calculated).
Looking at revenue in 2018, Huahe Holdings accounted for about 4.1% of the market share of Hong Kong's exterior engineering industry.
After listing, Chairman Chen Yuehua held 75% of the shares and the public held 25% of the shares.