HK Stock Market Move | JINGCHENG MAC (00187) fell by more than 4%, with an expected net loss of approximately 55.20 million yuan for the year 2025. The pressure on gas storage and transportation export business is evident.

JINGCHENG MAC (00187) fell more than 4%, as of the time of writing, down 4.4% to HKD 4.13, with a turnover of HKD 21.6385 million. On the news front, recently, JINGCHENG MAC announced that, according to preliminary calculations by the company's financial department, it is expected that the net profit attributable to the owners of the parent company in 2025 will be a loss of approximately RMB 46 million to RMB 55.2 million, compared to the same period last year, there will be a loss. It is expected that the net profit attributable to the owners of the parent company in 2025, excluding non-recurring gains and losses, will be a loss of approximately RMB 74.6 million to RMB 89.5 million. The main reasons for the company's loss in this period are as follows: due to the intensification of international trade frictions, the export business of the company's gas storage and transportation sector is under significant pressure, facing substantial downward pressure, resulting in a decline in sales volume and profits of some products. At the same time, emerging businesses such as hydrogen energy are in the early stage of industry cultivation, and the overall market size has not yet reached expectations. Although the company's related business income has achieved year-on-year growth, the profitability in this period is still lower than expected due to the increasingly fierce market competition. In addition, in order to enhance core competitiveness, the company continues to increase investment in new product research and development and industrial chain layout, leading to an increase in research and development expenses in this period compared to the same period last year.