At one point, the resumption of trading of Kishida (06918) soared 55%. As of press release, it had risen 55.07% to HK$0.214, with a turnover of HK$2.1861 million.
The Zhitong Finance App learned that the resumption of trading of Qishida (06918) once soared 55%. As of press release, it had risen 55.07% to HK$0.214, with a turnover of HK$2.1861 million.
According to the news, Qishida issued an announcement. The company has applied to the Stock Exchange to resume trading on the Stock Exchange, and trading of the shares was resumed on the Stock Exchange at 9:00 a.m. on June 27, 2024 (Thursday).
In addition, on June 26, Qishida announced the audited annual results for the year ended December 31, 2023. The group achieved revenue of 131 million yuan (RMB, same below) during the period, a year-on-year decrease of 22.44%; shareholders' losses of 97.994 million yuan, an increase of 27.83% over the previous year; and a basic loss of 16.8 points per share.
According to the announcement, the decline in earnings is mainly due to the decline in orders from customers who have been dependent on the European and American markets for a long time, while demand for toys from foreign countries is also weakening. Second, in order to speed up inventory turnover, reduce the risk of excessive warehouse backlog, and speed up the return of cash packages, the Group sold some of its inventory raw materials and electronic parts to customers at a low gross profit during the period.