HK Stock Market Move | TONGRENTANGCM (03613) fell over 8%, with net profit in the first half of the year decreasing by 15.6% year-on-year and revenue dropping by more than 20%.

TONGRENTANGCM (03613) dropped over 8%, currently down 8.38% at HKD 5.955, with a trading volume of HKD 27.5359 million. In terms of news, TONGRENTANGCM announced its mid-term results for 2026, reporting revenue of approximately HKD 602 million for the first half of the year, a decrease of 21% year-on-year; profit attributable to the companys owners was approximately HKD 198 million, down 15.6% year-on-year. The announcement stated that the gross profit margin increased from 60.8% in the same period last year to 63.9% this period, a year-on-year increase of 3.1%. Meanwhile, the decline in profit was less than that in revenue, indicating that the companys efforts in cost control and product structure optimization are continuously yielding results. The company stated that in the Hong Kong, Macau, and mainland markets, its strategic logic is clear, shifting from exchanging price for volume to controlling volume to maintain price. It has proactively tightened its distribution channels for its own products and strengthened terminal price control and brand image management, leading to a year-on-year decrease of 27.8% in wholesale revenue from its own products. At the same time, the retail side showed an opposite trend, as the company adopted a strategy of proactive adjustment rather than passive contraction, continuously increasing the layout of its own product sales network, with a focus on expanding the Hong Kong retail market, resulting in a 5% year-on-year increase in retail revenue from Hong Kong during the period.