HK Stock Market Move | CHERVON (02285) plunges over 20% after performance announcement, with net profit dropping by 13.2% year-on-year. Proposed final dividend of 44.69 Hong Kong cents.
Quanfeng Holdings (02285) plunged over 20% after the performance announcement. As of the time of writing, it fell by 20.16% to 16.67 Hong Kong dollars, with a turnover of 3454.02 million Hong Kong dollars.
CHERVON (02285) plummeted by over 20% after releasing its performance report. As of the time of writing, it had fallen by 20.16%, trading at HK$16.67 with a turnover of HK$3454.02 million.
On the news front, CHERVON announced its performance for the year 2025, with a revenue of $1.628 billion, a year-on-year decrease of 8.2%; the profit attributable to equity shareholders of the company was $97.6 million, a year-on-year decrease of 13.2%; earnings per share were $0.19. The company plans to distribute a final dividend of HK$0.4469 per share and a special dividend of HK$1.1905 per share, compared to HK$0.6258 per share in 2024. The company mentioned that in 2025, due to increased economic uncertainty caused by the tense trade situation between China and the US, customers have become more cautious in their purchasing strategies, leading to a temporary decline in the company's revenue.
Related Articles
HK Stock Market Move | PETRO-KING (02178) surged nearly 10% after the performance results, with a turnaround from losses to profits in the year-on-year performance for the past 25 years. Consultancy services in the Middle East have decreased.
HK Stock Market Move | Aviation stocks are generally under pressure, with both China Eastern Airlines (00670) and China Southern Airlines (01055) falling more than 3%.
HK Stock Market Move | COSCO SHIP INTL (00517) drops more than 5% after performance, annual profit attributable to shareholders rises to HK$771 million, additional special dividend of 10 Hong Kong cents per share distributed.
HK Stock Market Move | PETRO-KING (02178) surged nearly 10% after the performance results, with a turnaround from losses to profits in the year-on-year performance for the past 25 years. Consultancy services in the Middle East have decreased.
HK Stock Market Move | Aviation stocks are generally under pressure, with both China Eastern Airlines (00670) and China Southern Airlines (01055) falling more than 3%.
HK Stock Market Move | COSCO SHIP INTL (00517) drops more than 5% after performance, annual profit attributable to shareholders rises to HK$771 million, additional special dividend of 10 Hong Kong cents per share distributed.
