Understanding the Market | EASOU TECH fell nearly 9% again, halving from the July high, and the company has been removed from the Hong Kong Stock Connect list

EASOU TECH fell nearly 9% again, with the current stock price halved compared to the July peak. As of the time of writing, it dropped 8.8%, trading at HKD 3.11, with a turnover of HKD 49.4518 million. In terms of news, the Shanghai Stock Exchange and Shenzhen Stock Exchange recently announced that EASOU TECH has been removed from the Hong Kong Stock Connect eligible list, effective from September 8. The latest data shows that EASOU TECH's holdings in the Hong Kong Stock Connect still account for as high as 47.63%. In the first half of this year, EASOU TECH achieved revenue of approximately HKD 382 million, an increase of 37.6% year-on-year; the profit attributable to the parent company was HKD 10.404 million, a year-on-year increase of 207.36%. The announcement stated that the increase in revenue was mainly due to the growth in digital marketing services and digital reading platform services