China Shenghai Group (01676) plummeted more than 10% after the results and plummeted 32% in 2 trading days. As of press release, it fell 10.99% to HK$1.70, with a turnover of HK$2.23 million.
The Zhitong Finance App learned that China Shenghai Group (01676) plummeted by more than 10% after the results and plummeted 32% in 2 trading days. As of press release, it fell 10.99% to HK$1.70, with a turnover of HK$2.23 million.
According to the news, China Shenghai Group announced interim results for the six months ended December 31, 2023, with revenue of 196 million yuan (RMB, same below), up 60.93% year on year; loss attributable to company owners was 403.12 million yuan, a decrease of 9.68% year on year; loss per share was 0.31 yuan.
The announcement stated that, driven by the recovery of the Group's food business, the Group's revenue increased to about 196 million yuan during the reporting period.
Haitong Securities pointed out that aquatic product prices have performed well recently, showing a clear upward trend compared to before the Spring Festival, which will also benefit aquatic feed sales. At the same time, against the backdrop of the industry facing certain pressure, the industry pattern may be further concentrated on leaders, and company valuations are low.