HK Stock Market Move | CT ENTERPRISE (03839) falls more than 7%, with an estimated third-quarter net profit expected to decrease to approximately US$6.5 million.

CT ENTERPRISE (03839) fell more than 7%, dropping 7.07% to HK$7.62 as of the time of writing, with a trading volume of HK$5.4218 million. On the news front, on the evening of October 21, CT ENTERPRISE announced that it expects to achieve unaudited comprehensive profit attributable to shareholders of approximately US$23.5 million for the nine months ended September 30, 2025, compared to US$4.3 million in the same period last year, an increase of 4.47 times. The growth in profit is mainly due to a significant increase in revenue, reflecting the successful implementation of key strategies in developing sales to major customers. However, due to the slowdown in the Chinese livestock industry, demand for the company's animal health and pharmaceutical products has also decreased since the third quarter of 2025. The group expects its unaudited quarterly comprehensive profit attributable to shareholders for the three months ended September 30, 2025 to decrease to approximately US$6.5 million, compared to US$9.3 million in the three months ended June 30, 2025.