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Changes in Hong Kong stocks | Dongjiang Group Holdings (02283) fell more than 11% and net profit is expected to drop by as much as 80% year-on-year in the medium term
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The Zhitong Finance App learned that Dongjiang Group Holdings (02283) fell by more than 11%. As of press release, it fell 11.58% to HK$1.68, with a turnover of HK$5.4515 million.

According to the news, on the evening of July 28, Dongjiang Group Holdings issued an announcement. It is expected that revenue for the first half of this year will increase by about 10% compared with the same period last year, while the comprehensive profit attributable to company owners will drop by about 72-80% year on year. The main reasons include the Group's launch of a series of transformation initiatives in mid-2025 to promote breakthrough development and long-term enterprise transformation and upgrading, and actively enhance market circuit layout and upstream and downstream industry collaboration. Early investment increased, which had an impact on profitability in the short term, including injection molding products such as medical products and AI glasses, entering the racetrack with low gross profit in exchange for future sustainable and stable development, leading to a decline in the Group's gross profit during the reporting period.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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