Changes in Hong Kong stocks | Xingda International (01899) fell more than 9%, profit fell 60% to 75% in the first half of the year, and foreign exchange losses were dragged down

The Zhitong Finance App learned that Xingda International (01899) fell by more than 9%. As of press release, it was down 9.05% to HK$1.055, with a turnover of HK$2,424 million.

According to the news, Xingda International issued a profit warning last night. It is expected that profit attributable to company owners in the first half of this year will drop 60% to 75% year on year, and profit attributable to company owners for the same period in 2025 will be about 199 million yuan. Mainly due to the company's shift from net exchange earnings to net exchange losses recognized under “other income and loss”, mainly due to exchange rate fluctuations; the decrease in bank interest income under the company's “other income” was mainly due to the year-on-year decrease in average time deposits and the reduction in interest rates on bank deposits.