HK Stock Market Move | C HIGHPRECISION (00591) fell more than 14%, with an estimated annual net profit of about 16 to 19 million.

C HIGHPRECISION (00591) fell more than 14%, as of the time of writing it dropped by 14.44% to HK$0.385, with a turnover of HK$5.5259 million. On the news front, on the evening of September 12, C HIGHPRECISION announced that the group expects to achieve a profit attributable to owners of the company of approximately RMB 16-19 million for the year ending June 30, 2025, while the company reported a loss attributable to owners of approximately RMB 32.7 million for the same period in 2024. It is worth noting that the company's financial results for the six months ending December 31, 2024, showed that in the first half of the fiscal year, the company achieved a revenue of RMB 116 million, an increase of 60.3% year-on-year; net profit was RMB 15.81 million.