HIPINE (02583) Shareholder Transfers HK$416 Million Worth of Shares from Ping An Securities (HK) to uSMART Securities

Stock News01-20

Latest data from the Hong Kong Stock Exchange reveals that on January 19, a shareholder of HIPINE (02583) transferred shares from Ping An Securities (Hong Kong) to uSMART Securities, with the transferred shares valued at HK$416 million, accounting for 3.60% of the holdings. HIPINE announced that, based on a preliminary review of the Group's unaudited consolidated management accounts for the eleven months ended November 30, 2025, it recorded a net profit exceeding RMB 90 million. According to the Group's available information, and when compared to the net profit of approximately RMB 49 million for the year ended December 31, 2024, the Group anticipates it will record a higher net profit for the year ending December 31, 2025. The expected increase in the Group's net profit is primarily attributed to: (1) an increase in revenue from the sale of jewelry; and (2) an increase in the gross profit margin from the sale of watches.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment