On July 8, GoFintech Quantum declined 6.12% in regular trading, trading at HK$2.33 per share, with turnover of HK$56.77 million.
The decline came as the positive sentiment from the largest single shareholder Dr. Liu Zhiwei's acquisition of approximately 55.43 million shares on the open market — representing about 0.54% of total issued shares — quickly dissipated. The stock had risen over 5% the prior session on the stake increase news.
Weighing on sentiment is the company's full-year attributable loss of HK$2.131 billion for the fiscal year ended March 31, primarily driven by approximately HK$2.453 billion in goodwill impairment from the acquisition of a 22.50% stake in CSOP Asset Management and a HK$219 million one-off loss from equity dilution in Huake Intelligence. Although revenue grew 103% year-over-year to HK$1.753 billion and adjusted operating profit reached approximately HK$548 million after stripping out non-cash items, the headline loss and the stock's retreat of over 70% from its 52-week high of HK$10.14 continue to pressure valuation.
(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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