The Zhitong Finance App learned that Allianz International Education Leasing (01563) plummeted by more than 86% at the end of the session. The intraday low was HK$0.63, down nearly 97% from the year's high of HK$19.62, and was close to a record low of HK$0.6. As of press release, it decreased by 81.91% to HK$0.85, with a turnover of HK$93.7754 million.
According to the news, Allianz International Education Leasing recently announced its results for the first half of the year. The company's realized revenue increased by about 123.9% year on year to 298 million yuan, and profit increased about 2.3 times to 154 million yuan year on year. The increase in profit was mainly due to the fact that the net profit of the financial leasing business remained stable. The profit generated by Tainan Mountain University was recorded comprehensively in the Group's financial statements.
It is worth noting that the stock had a continuous dive at the end of March this year, and had a cumulative decline of more than 70% during the month. The company announced at the time, confirming the normal operation of the company, and did not know any reason for price and trading volume fluctuations. Furthermore, the company was previously named “Allianz Leasing”, and the new name “Allianz International Education Leasing” came into effect at 9:00 a.m. on March 22, 2022.