Shandong Molong (00568) fell nearly 13% again. Yesterday, the stock price plummeted by more than 40%. As of press release, it decreased by 11.93% to HK$0.96, with a turnover of HK$1,5038 million.
The Zhitong Finance App learned that Shandong Molong (00568) fell by nearly 13%, and yesterday the stock price plummeted by more than 40%. As of press release, it decreased by 11.93% to HK$0.96, with a turnover of HK$1,5038 million.
According to the news, the Shanghai Stock Exchange announced a few days ago that the list of Hong Kong Stock Exchange under the Shanghai-Hong Kong Stock Connect has been adjusted and will take effect from April 2, 2024, and transferred out of Shandong Molong. The company's total revenue in 2023 was RMB 1,317 million (same unit), a year-on-year decrease of 52.36%; net loss attributable to shareholders of the parent company was RMB 567 million, an increase of 33.39% over the previous year. Furthermore, due to successive losses, Shandong Molong recently wore a hat again, and the A-share abbreviation was changed to “ST Molong”. According to financial data, Shandong Molong's total losses in the past 3 years have reached 1.36 billion yuan.