The Zhitong Finance App learned that Shuangdeng Shares (06960) fell by more than 6%, and the low of HK$6.66 once again hit a new listing low. It is already lower than the issue price of HK$14.51 per share. As of press release, it fell 6.3% to HK$6.69, with a turnover of HK$2,3281 million, with a total market value of less than HK$3 billion.
According to the news, Shuangdeng Co., Ltd. announced a few days ago that it is expected to make a period loss of about RMB 20 million to RMB 30 million in the first half of this year, while it will make a profit of about RMB 160 million in the same period last year. Profit and loss is mainly due to further sorting out a number of historical tax matters. It is estimated that related taxes and fees will be paid about 80 million yuan, which will have a significant impact on profits; due to exchange rate fluctuations between RMB and related foreign currencies, exchange losses of about 56 million yuan, as well as export tax rebate policy adjustments, rising prices of some major raw materials, and increased R&D investment, also have a certain impact on profits.
It is worth noting that Shuangdeng shares landed on the Hong Kong Stock Exchange in August of last year. With the scarce label of “AIDC Computing Power Storage First Stock”, it relied on AI computing power and energy storage track dividends at the beginning of its listing to receive a capital premium. It surged more than 30% on the first day of listing. However, since then, Shuangdeng Co., Ltd. has continued to fluctuate downward. The current stock price has retreated more than 70% from its all-time high in October last year.