HK Stock Market Move | BJ ENT WATER (00371) plummeted nearly 15% in the afternoon, with a 23% year-on-year decline in profits for the first half of the year, and a reduction in dividends.

BJ ENT WATER (00371) plummeted nearly 15% in the afternoon, and as of the time of writing, it had dropped by 14.39%, trading at HKD 17.55, with a transaction volume of HKD 328 million. In the news, BJ ENT WATER released its interim results, reporting a revenue of RMB 9.871 billion for the first half of the year, a decrease of 5.62% year-on-year; the company's profit attributable to shareholders was RMB 688 million, down 23.31% year-on-year, due to reduced sales revenue from technical services, equipment sales, and BOT water project construction services. The company proposed an interim dividend of HKD 0.0554 per share, compared to HKD 0.0735 in the same period last year.