Hongqiang Holdings (08262) resumed trading yesterday and closed up more than 19%, and today it is up more than 13%. As of press release, it rose 13.59% to HK$1.17, with a turnover of HK$13.608 million.
The Zhitong Finance app learned that Hongqiang Holdings (08262) resumed trading yesterday and closed up more than 19%, and today it is up more than 13% again. As of press release, it rose 13.59% to HK$1.17, with a turnover of HK$13.608 million.
According to the news, Hongqiang Holdings announced its first quarter results up to the end of September this year. The group obtained revenue of HK$14.354 million, a year-on-year decrease of 52.79%; the company owners accounted for a loss of HK$5.101 million, an increase of 31.47% over the previous year. According to the announcement, the decrease in earnings was due to a decrease in construction orders being executed during the relevant period.
According to reports, Hongqiang Holdings suspended trading on November 15. The company said at the time that some of the group's computer systems did not function properly; as a result, information was lost, including information relating to the first quarter results. As a result, directors were unable to hold a board meeting on November 14, 2023 to review the first quarter results.