HK Stock Market Move | CHINA OVS PPT (02669) opens more than 10% lower, expected profit to decline by 9-10% year-on-year in fiscal year 2025.

CHINA OVS PPT (02669) opened more than 10% lower, falling 10.49% to 4.35 Hong Kong dollars as of the time of this report, with a turnover of 147.248 million Hong Kong dollars. In terms of news, CHINA OVS PPT announced that the group's overall revenue for the 2025 fiscal year is expected to increase by about 5-7% compared to the fiscal year ending December 31, 2024, in line with the group's full-year development expectations. Despite facing severe challenges in the domestic and international economic environment, the group's management has been flexible in responding to market changes and adjusting its operating strategies in a timely manner, resulting in an increase in the group's overall revenue. The announcement stated that during the period of transformation and change, there will be significant resource investment and a longer time for returns, which will affect the speed of profit generation, putting pressure on the company's gross margin and earnings attributable to ordinary equity holders, with both expected to decrease by about 3-4% and 9-10% respectively compared to the 2024 fiscal year.