HK Stock Market Move | ZCZL Industrial Technology Group (00564) fell more than 11%, with a year-on-year decrease of 18.06% in net profit attributable to mother in the first quarter and a 2.26% decrease in revenue.

ZCZL Industrial Technology Group (00564) fell more than 11%, falling by 11.35% to HK$17.1 as of press time, with a turnover of HK$71.2311 million. ZCZL Industrial Technology Group released its first quarter report for 2026, with the company achieving operating income of RMB 9.536 billion, a decrease of 2.26% year-on-year; net profit attributable to shareholders of the listed company was RMB 892 million, down 18.06% year-on-year; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses decreased by 35.6% year-on-year, mainly due to a phased tightening of capital expenditure in downstream coal mining companies, intensified competition in the coal machinery and coal mine intelligent-related industries, leading to a squeeze on the profit margins of the company's related products. In addition, compared to the traditional coal machinery and industrial intelligence sectors, the performance of the automotive components sector has shown a significant increase, with revenue of RMB 5.119 billion ranking first among the three major business segments.