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Changes in Hong Kong stocks | Beijing Investment Transport Technology (01522) fell nearly 11% and is expected to change from profit to loss of up to HK$60 million in the first half of the year
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The Zhitong Finance App learned that Beijing Investment Transportation Technology (01522) fell nearly 11%. As of press release, it fell 10.77% to HK$0.232, with a turnover of HK$1,264,400.

According to the news, Beijing Investment Transportation Technology announced that it expects to achieve revenue of about HK$410-450 million in the first half of 2026, with revenue of about HK$566 million for the same period last year. It is expected that the company's equity shareholders should account for losses of about HK$50 million to HK$60 million, and profit attributable to the company's equity shareholders for the same period last year was about HK$24.9 million, changing from profit to loss over the same period last year.

According to the announcement, profit expectations attributable to the company's equity shareholders have decreased, mainly due to the decline in civil communications business revenue compared to the same period last year due to relevant policy adjustments; due to the cyclicality of projects, fewer projects reached the time of revenue confirmation during the period; and the rise in the price of memory chips and related raw materials, which led to an increase in project costs.

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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