HK Stock Market Move | JST GROUP (06687) fell more than 6%. The company will have its first release of shares after six months of being listed.

JST GROUP (06687) fell more than 6%, with a drop of 6.08% to HKD 18.69 as of press time, with a turnover of HKD 10.9131 million. On the news front, on April 21st, JST GROUP's six-month lock-up period ended with the first release of shares, including 13 cornerstone investors releasing 33.0629 million shares, accounting for 7.8% of the issued share capital. The 2025 performance showed that JST GROUP achieved revenue of approximately 1.142 billion yuan, a year-on-year increase of 25.6%; the company's equity holders reported a loss of approximately 1.655 billion yuan, turning from profit to loss year-on-year. The loss was mainly attributed to the conversion of pre-IPO issued convertible redeemable preferred shares into ordinary shares of the company. China International Capital Corporation recently issued a research report stating that it maintains JST GROUP's 2026 revenue and adjusted net profit forecast basically unchanged, considering headwinds in the macro environment may negatively impact orders in 2026 and revenue in 2027, reducing the 2027 revenue forecast by 9.2% to 1.58 billion yuan and the 2027 adjusted net profit forecast by 12.7% to 550 million yuan.