HK Stock Market Move | HAICHANG HLDG (02255) fell more than 12% and has been removed from the Hong Kong Stock Connect list starting today. The company's losses for the first half of the year expanded to 332 million yuan compared to the same period last year.

HAICHANG HLDG (02255) fell over 12%, dropping 12.55% to HKD 0.223 as of the time of writing, with a trading volume of HKD 10.353 million. In terms of news, the Shanghai and Shenzhen Stock Exchanges announced that HAICHANG HLDG has been removed from the list of eligible securities for the Hong Kong Stock Connect, effective from September 7. In the first half of this year, HAICHANG HLDG achieved revenue of RMB 536 million, a year-on-year decrease of 21.91%; the loss attributable to shareholders was RMB 332 million, a year-on-year increase of 12.66%. In terms of specific business segments, revenue from the park operations division declined by approximately 21.0%, mainly due to a decrease in visitor numbers and average spending per visitor; revenue from the cultural tourism services and solutions division decreased by approximately 36.0%, primarily due to the company's operational adjustments and the scaling down of the aquarium.