HK Stock Market Move | L & M CHEMICAL (00746) fell more than 9% in the afternoon, with a year-on-year decrease in revenue of nearly 5% and a final dividend of 14 Hong Kong cents.

L & M CHEMICAL (00746) fell by more than 9% in the afternoon, dropping 9.51% to 5.33 Hong Kong dollars with a turnover of 7.1 million Hong Kong dollars at the time of publication. On the news front, L & M CHEMICAL released its annual results for the year ending December 31, 2025. The group reported revenue of 3.755 billion Hong Kong dollars, a decrease of 4.96% year-on-year; a net profit of 558 million Hong Kong dollars, an increase of 15.75% year-on-year; and basic earnings per share of 67.7 Hong Kong cents. The company plans to pay a final dividend of 14 Hong Kong cents per share. The announcement stated that in the chemical business, the domestic manufacturing industry remained cautious, leading to slight price reductions in most of the group's chemical products. However, the group's gross profit increased due to significant decreases in energy costs and raw material prices. In the property business, the revenue from project leasing was approximately 3.3 million Hong Kong dollars.