autos street (02443) saw its late-session gains expand to 40%, as of this report, up 37.46%, trading at 16.66 Hong Kong dollars, with a transaction volume of 0.731 billion Hong Kong dollars.
According to Zhichun Finance APP, autos street (02443) late-session gains expanded to 40%, as of this report, up 37.46%, trading at 16.66 Hong Kong dollars, with a transaction volume of 0.731 billion Hong Kong dollars.
In terms of news, the Hong Kong Stock Exchange recently announced the list of securities that can be short sold, effective from November 8; a total of 35 stocks have been included in the short selling symbols, including autos street. The company's previously released performance for the first half of the year showed a revenue of approximately 0.191 billion yuan, a year-on-year decrease of 15.5%; gross profit of approximately 0.124 billion yuan, a year-on-year decrease of 14.8%; and a loss attributable to the parent company of approximately 0.148 billion yuan, a year-on-year increase of about 1.96 times.
Zhichun Finance APP previously pointed out in 'autos street (02443): Surging before large-scale unlocking...' that autos street is a trading intermediary connecting used car buyers and sellers, mainly providing a platform for used car transactions through an auction model. It is worth noting that autos street will have 0.55 billion shares unlocked on November 27 (next Wednesday), accounting for 66.1% of the total share capital. Under the pressure of unlocking and selling, if there are no buyers to take over, a rapid decline in stock price on that day is not out of the question.