HK Stock Market Move | HAICHANG HLDG(02255) plunged more than 31%, creating a new low in over 3 years with a trading volume of 177 million shares.

HAICHANG HLDG(02255) once fell over 31%, touching a new low since August 2021 at 0.44 Hong Kong dollars, with a trading volume of over 170 million shares. As of the time of writing, it has fallen by 25.78% to 0.475 Hong Kong dollars, with a trading value of 84.5677 million Hong Kong dollars. On the news front, in the first half of this year, HAICHANG HLDG achieved revenue of approximately 800 million yuan, a year-on-year increase of 6.82%; the net loss attributable to the parent company's owner narrowed by 84.226 million yuan year-on-year, a decrease of 5.35%. According to statistics, from 2020 to 2023, HAICHANG HLDG accumulated losses of 2.235 billion yuan over 4 years. It is worth noting that the recent topic of "large-scale oceanarium exhibiting fake whale sharks" has sparked heated discussions online. Some professionals point out that the "fake whale shark" incident is not just a tourist dispute, but also reflects the overall survival dilemma of marine theme parks. It is reported that out of its seven projects, HAICHANG HLDG currently only has one live whale shark.