HK Stock Market Move | ASIA CEMENT CH (00743) fell by over 5%. Last year, it went from profit to loss of 264 million yuan. The company has been removed from the Hong Kong stock connect list.

Asia Cement CH (00743) fell more than 5%, as of the time of publication, down 5.12% to HK$2.41, with a turnover of HK$4.7435 million. In terms of news, Asia Cement CH released its full-year performance for the year ended December 31, 2024. The group achieved a profit of RMB 5.885 billion (unit below), a decrease of 20.76% year-on-year; the company's attributable loss was RMB 264 million, compared to a profit of RMB 106 million in the same period last year; loss per share is 0.168 yuan. No final dividend was declared. The announcement stated that the decrease in profit was mainly due to the decrease in the average selling price of the group's products in 2024. In addition, the Shanghai Stock Exchange and the Shenzhen Stock Exchange separately announced that due to the periodic adjustments of the Hang Seng Composite Large Cap Index, the Mid Cap Index, and the Small Cap Index, the list of securities eligible for trading under the Hong Kong Stock Connect will be adjusted and will take effect from March 10. Among them, Asia Cement CH has been removed from the Hong Kong Stock Connect list.