On December 20, Gelonghui reported that ALCO HOLDINGS (0328.HK) experienced a sudden flash crash in the afternoon, plummeting by 87% to HKD 0.68, with a trading volume of 0.13 billion HKD. The stock surged approximately 90% last year and continued to soar in the first half of this year, reaching an intraday high of 13.2 HKD on May 13, with a cumulative increase of over 3.66 times for the year. However, the stock price began to retract, with today's flash crash resulting in a retreat of nearly all recent gains. ALCO HOLDINGS had previously announced that for the six months ending September 30, 2024, the group recorded an operating revenue of 50 million HKD for its continuing operating business and an attributable loss of 24 million HKD, compared to a profit of approximately 0.57 billion HKD in the same period of 2023. During this period, revenue from self-branded laptops decreased by 42% to 50 million HKD, mainly due to economic slowdown and intense competition in the consumer electronics market. The net performance turned from profit to loss mainly due to the cancellation of one-time revenue generated from the liquidation of a subsidiary within the comprehensive accounting period. The Board of Directors does not recommend the payment of an interim dividend for the six months ending September 30, 2024. ALCO HOLDINGS Limited is an investment holding company based in Hong Kong primarily engaged in the Consumer Electronics Business. Its main operations include the design, manufacturing, and sale of Consumer Electronics. Its main products include: home theater systems and player series products such as compact discs (CD) and digital versatile discs (DVD), as well as limited telephone products and web browser network application products. It is noteworthy that after experiencing four consecutive years of losses from 2018 to 2021, the former chairman of the Board of Directors of ALCO HOLDINGS, Mr. Liang Weicheng, tragically passed away after falling from a building on December 28, 2021, at the age of 61. (Gelonghui)