HK Stock Market Move | REFIRE (02570) falls more than 10% again, stock price hits new low since listing, company faces lifting of trading restrictions since yesterday.

REFIRE (02570) continued to fall by more than 10%, hitting a low of 73.6 Hong Kong dollars, refreshing its new listing low. As of the time of writing, it had dropped by 10.54% to 76 Hong Kong dollars, with a trading volume of 1.08 billion Hong Kong dollars. On the news front, REFIRE welcomed the lifting of restrictions yesterday. Data showed that a total of 55 shareholders had their restrictions lifted, with a total of 54.21 million shares being unlocked. In the first half of this year, REFIRE generated revenue of 107 million yuan, a decrease of 9.93% compared to the same period last year; the company's parent company suffered a loss of 333 million yuan, a decrease of 28.66% compared to the same period last year. The company stated that the reduction in revenue was mainly due to a decrease in component sales compared to the same period in 2024.