Shandong Molong (00568) fell nearly 12%, and the company's A shares fell to a halt. As of press release, it fell 11.97% to HK$1.03, with a turnover of HK$1,141,300.
The Zhitong Finance App learned that Shandong Molong (00568) fell nearly 12%, and the company's A shares fell to a halt. As of press release, it fell 11.97% to HK$1.03, with a turnover of HK$1.141,300.
According to the news, Shandong Molong announced results for the first quarter of 2024, with operating income of 194 million yuan (RMB, same below), a year-on-year decrease of 52.55%; net profit attributable to shareholders of listed companies was 217 million yuan, while net loss of 87.097 million yuan was recorded in the same period last year; net loss attributable to shareholders of listed companies after deducting non-recurring profit and loss was 676.373 million yuan, a year-on-year decrease of 22.5%.
In addition, Shandong Molong's 2023 financial report shows that during the period, the company achieved total operating revenue of RMB 1,317 billion (same unit), a year-on-year decrease of 52.36%; net loss attributable to shareholders of the parent company was 567 million yuan, an increase of 33.39% over the previous year. Affected by successive losses, Shandong Molong once again wore a hat, and the A-share abbreviation was changed to “ST Molong”.