Haosen Fintech (03848) collapsed by more than 90% at the end of the session, falling 90.96% to HK$0.53, with a turnover of HK$673,300.
The Zhitong Finance App learned that Haosen Fintech (03848) crashed by more than 90% at the end of the session and fell 90.96% to HK$0.53, with a turnover of HK$673,300.
In terms of performance, the company previously announced its 2023 results, with revenue of about 113 million yuan, up 13.6% year on year; net profit of 23.173 million yuan, a decrease of 3.89% year on year; basic profit per share of 14.8 points; and proposed a final dividend of 3 Hong Kong cents per share. According to the announcement, the decrease in net profit was mainly due to the estimated net credit loss provision for loans and accounts receivable of approximately RMB 43.1 million; and a decrease of approximately RMB 13.4 million in other income.
During the above reporting period, the company's revenue mainly came from microfinance interest income. In 2023, in response to the economic environment, the company adjusted its business strategy to focus on the microfinance business and allocate most resources for the business development of real estate secondary mortgage products. In 2023, market conditions in the real estate industry changed significantly, and the average price of second-hand housing showed a downward trend. This requires companies to be more careful in terms of operation and risk management. The company has adjusted the business strategy of the microfinance business in accordance with changes in relevant policies to maintain its share in the Shenzhen real estate secondary mortgage market.