Jinwu Financial News | On April 9, the Hong Kong stock China Tianrui Cement (01252) experienced an astonishing sharp drop in stock prices during the late trading session. The company's stock price suddenly dived from the HK$5 level and fell to a record low of HK$0.035 in just 25 minutes. The final closing price was HK$0.048, a drop of 99.04%. The market value evaporated to HK$14.548 billion, leaving only HK$141 million. This sharp fluctuation has attracted widespread attention in the capital market.
China Tianrui Cement is a cement manufacturer listed on the Hong Kong main board. Its products are widely used in many national key projects, such as south-to-north water transfer, the Hada High Speed Rail, etc., and enjoys a good market reputation. However, according to the latest financial report released by the company, the turnover for the full year of 2023 fell by 28.6%, and the annual loss reached 634 million yuan. Compared with the same period last year, it changed from profit to loss, a loss of 22 points per share, and no dividends were paid. This abnormal fluctuation in stock prices may be related to the company's poor performance. Market analysts pointed out that investors may be concerned about the company's future profitability and cash flow situation, which has led to a sharp drop in stock prices. Furthermore, due to the extremely rapid decline in stock prices, it may also involve market manipulation. The specific situation requires further investigation by the regulatory authorities.
As a well-known enterprise in China's cement industry, China Tianrui Cement's abnormal share price fluctuation has undoubtedly had a certain impact on the market. For investors, this incident is also a reminder of the existence of market risk and the need to make investment decisions more carefully. For the company itself, how to stabilize stock prices, restore investor confidence, and improve its financial situation will be a major challenge. In the future, how China Tianrui Cement will respond to changes in the market and adjust its own business strategy is worthy of continued market attention.