Golden Wuzi Financial News | Xiabuxiabu (00520) is weakly shaking, as of the time of publication, it fell 9%, reporting HKD 0.91, with a turnover of HKD 11.24 million.
On the news side, on August 16th, the Hang Seng Index Company announced the latest quarterly examination results, in which Xiabuxiabu was removed from the Hang Seng Composite Index, and the change will take effect on September 9th, 2024. CICC research reports pointed out that Xiabuxiabu may be removed from the Hong Kong Stock Connect due to a decrease in market cap, insufficient liquidity, or violation of relevant regulations.
In addition, the company previously issued a profit warning, expecting a decrease in revenue of approximately 15.9% to CNY 2.4 billion during the first half of the year; a net loss of approximately CNY 0.26 billion to 0.28 billion, turning from profit to loss compared to the same period last year.
