Changes in Hong Kong stocks | Jiuxing Holdings (01836) fell more than 9%, net profit in the first half of the year fell 18.6% year on year, revenue increased 1.5%

The Zhitong Finance App learned that Jiuxing Holdings (01836) fell more than 9% after the results. As of press release, it had a decrease of 9.54% to HK$12.8, with a turnover of HK$14.493,900.

According to the news, Jiuxing Holdings announced its 2026 interim results. In the first half of the year, it achieved revenue of US$787 million, up 1.5% year on year; parent company owners should account for profit of US$64.04 million, down 18.6% year on year; basic profit per share was 7.8 US cents, with a proposed interim dividend of HK42 cents per share, with a dividend ratio of about 70%.

According to the company, the decline in net profit and net interest rate during the period was due to a decrease in gross profit and operating profit during the period; the decrease in interest income was due to a decrease in interest rates; and a decrease in net cash conditions due to increased capital expenses related to the commissioning of the three new plants and increased production capacity.