Understanding the Market | ZHONG HUA INT'L soared over 160% in the afternoon and is expected to announce its interim results this Friday, with an estimated interim net profit of approximately HKD 40 million
ZHONG HUA INT'L surged over 160% in the morning, as of the time of writing, up 158.33%, trading at HKD 0.155, with a transaction volume of HKD 5.7673 million. In terms of news, ZHONG HUA INT'L plans to hold a board meeting on August 29 to consider and approve the interim results. ZHONG HUA INT'L announced that the group expects to achieve a net profit of approximately HKD 40 million (preliminary figure) for the six months ending June 30, 2025, compared to a net loss of approximately HKD 31 million (unaudited figure) for the six months ending June 30, 2024. The announcement stated that the turnaround from loss to profit is mainly due to a fair value gain of approximately HKD 40 million (preliminary figure) from an equity interest in a physical entity, following preliminary valuations by independent professional property valuers during this period (previous period: loss of approximately HKD 28 million (unaudited figure)), primarily due to the appreciation of the Renminbi during the recalibration process. This fair value gain is a non-cash transaction and is recognized as unrealized gains in the group's consolidated income statement
According to Zhitong Finance APP, ZHONG HUA INT'L (01064) surged over 160% in the morning, and as of the time of writing, it rose 158.33% to HKD 0.155, with a trading volume of HKD 5.7673 million.
In terms of news, ZHONG HUA INT'L plans to hold a board meeting on August 29 to consider and approve its interim results. ZHONG HUA INT'L announced that the group expects to achieve a net profit of approximately HKD 40 million (preliminary figure) for the six months ending June 30, 2025, compared to a net loss of approximately HKD 31 million (unaudited figure) for the six months ending June 30, 2024.
The announcement stated that the turnaround from loss to profit is mainly due to a fair value gain of approximately HKD 40 million (preliminary figure) from an equity interest in a physical entity, following a preliminary valuation by an independent professional property valuer during this period (previous period: loss of approximately HKD 28 million (unaudited figure)), primarily due to the appreciation of the Renminbi during the recalculation process. This fair value gain is a non-cash transaction and is recognized as unrealized gains in the group's consolidated income statement
