HK Stock Market Move | LISI GP HOLD (00526) fell nearly 20% again, with an estimated mid-term loss of up to 30 million yuan. The profit turned into a loss year-on-year.

LISI GP HOLD (00526) fell by nearly 20% again, with the stock closing down over 19% yesterday. As of press time, it fell by 19.75% to HK$0.13, with a trading volume of 6.6594 million Hong Kong dollars. On the news front, LISI GP HOLD recently issued a profit warning, expecting a net loss of no more than 30 million yuan for the six months ending September 30, 2024, compared to a net profit of about 293 million yuan in the same period last year. The board of directors believes that the decrease in profit is mainly due to the decrease in pre-tax income of approximately 131 million yuan from the reclamation of land by local governments in the same period last year; an increase in revaluation losses on investment properties; and an increase in impairment losses on financial assets and contract assets.