On July 2, SICC (02631.HK) declined 8.26% in regular trading, trading at 94.3 HKD/share, with turnover of HKD 183 million.
On the news front, the company announced on July 1 evening that shareholders Liaoning Zhongde and its concert parties Haitong New Energy and Guotai Haitong Zhengyu Investment collectively reduced approximately 4.92 million shares between May 28 and July 1 through centralized bidding and block trades. Their combined stake decreased from 6.8256% to 5.9962%, triggering the 1% threshold disclosure requirement.
The selling pressure is compounded by persistent discounted block trades, with 36 such transactions recorded over the past three months. Additionally, the company previously confirmed a full-year loss for fiscal 2025, with revenue declining 17.15% year-over-year to RMB 1.465 billion, net loss of RMB 208 million, and gross margin dropping 12.85 percentage points to 13.05%. While management noted sequential improvement in Q1 revenue and margins with RMB 240 million in backlog orders, fundamental recovery remains in progress.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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