Sunwah Kingsway (02473) fell more than 6% again. As of press time, it has fallen by 6.37% and is priced at 6.03 Hong Kong dollars with a turnover of 22.723 million Hong Kong dollars.
According to the WisdomFinancial APP, Sunwah Kingsway (02473) fell more than 6% again. As of press time, it has fallen by 6.37% and is priced at 6.03 Hong Kong dollars with a turnover of 22.723 million Hong Kong dollars.
On the news front, Sunwah Kingsway Group will release its interim results on the 16th of this month. The company expects the profit attributable to owners of the company in the middle of 2024 to be no less than RMB 19 million, which is about RMB 62.4 million in the same period last year, a year-on-year decrease of no more than 69%. This is mainly due to the fair value change of redeemable ordinary shares in the middle of last year, which increased the profit during the period by about RMB 46.3 million. However, all the redeemable ordinary shares have been converted into ordinary shares after being listed in November last year. Therefore, there is no fair value change factor of redeemable ordinary shares affecting this year's mid-year results. In addition, the option cost generated by the stock purchase plan before the initial public offering offset part of the profit in the middle of this year.