Changes in Hong Kong stocks | Saijing Technology (00580) fell nearly 7% in early trading and is expected to increase revenue by more than 40% in the first half of the year and record a loss of nearly 30 million yuan

The Zhitong Finance App learned that Saijing Technology (00580) fell nearly 7% in early trading. As of press release, it was down 3.93% to HK$1.71, with a turnover of HK$22.108 million.

According to the news, Saijing Technology announced that the company expects to record revenue of about 1,268 billion yuan in the first half of the year, an increase of about 42.7% over the previous year. This growth is mainly due to the company's centralized delivery of products for the Gansu-Zhejiang flexible DC transmission project, including DC support capacitors and their online monitoring system.

Furthermore, the company is expected to record a loss of nearly 30 million yuan. The main reasons for this expected loss include: the net fair value loss of foreign exchange forward contracts of about 59 million yuan due to the decline in the Swiss franc exchange rate; a year-on-year decrease of about 25 million yuan in exchange earnings; a continuous increase in R&D investment for new products, increasing R&D costs by about 22 million yuan; and the expiration of government subsidies for self-developed power semiconductor projects, which reduced the subsidy by about 16 million yuan.