Shui Fa Xingye New Materials Sees Major Shareholder Deposit: HK$11.4 Million in Shares Moved to HSBC

Stock News09-15 08:50

Hong Kong Stock Exchange filings have revealed a notable position shift for SFSY New Mat (08073) on September 14, with a total market value of HK$11.4 million deposited into custody, representing a 7.69% change in holdings.

A shareholder of the company has placed 40 million shares into HSBC accounts via the Hong Kong and Shanghai Banking Corporation, increasing the ownership stake by 7.69%.

Prior to this development, SFSY New Mat released its interim results for the six-month period ending June 30, 2026, reporting group revenue of RMB 95.069 million, an increase of 35.27% year-on-year.

The company also posted net profit attributable to shareholders of RMB 12.882 million, up 54.11% from the previous corresponding period, alongside earnings per share of RMB 0.025.

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