HK Stock Market Move | CHINA DONGXIANG (03818) once fell more than 10%, expecting to turn from profit to loss not exceeding 180 million yuan for the whole year.
Chinese media group (03818) fell more than 10% at one point, as of the time of publication, it fell 6.76%, closing at 0.345 Hong Kong dollars, with a trading volume of 2.04 million Hong Kong dollars.
CHINA DONGXIANG (03818) fell more than 10% at one point, but as of the time of drafting, it has fallen 6.76% to HK$0.345, with a turnover of HK$2.0403 million.
On the news front, CHINA DONGXIANG has issued a profit warning, expecting to report a net loss attributable to equity holders of the company of no more than RMB 180 million for the financial year ending March 31, 2026 (2025/2026 financial year), compared to a net profit of approximately RMB 207 million for the financial year ending March 31, 2025.
The main reasons for the expected loss in the 2025/2026 financial year are the market volatility in the second half of the year, especially the continuous decline in March 2026, resulting in a decrease in gains from changes in fair value of financial assets; losses from exchange rate fluctuations due to the group holding a large amount of USD assets; and impairment provisions for loans granted to current and former management personnel.
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