---
title: "Hong Kong Stock Movement: PHOENIX TV surged 20.47%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/258616872.md"
description: "PHOENIX TV surged 20.47%; Huilyang Technology fell 0.20%, with a transaction volume of HKD 103 million; China Literature Group fell 0.73%, with a transaction volume of HKD 30.61 million; Yisou Technology fell 2.56%, with a transaction volume of HKD 9.2 million; Quzhi Group fell 2.18%, with a market value of HKD 17.9 billion"
datetime: "2025-09-24T02:26:56.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/258616872.md)
  - [en](https://longbridge.com/en/news/258616872.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/258616872.md)
---

# Hong Kong Stock Movement: PHOENIX TV surged 20.47%

**Hong Kong Stock Movement**

PHOENIX TV surged 20.47% based on recent key news:

1.  On September 23, National United Resources announced that it expects a loss attributable to shareholders of approximately HKD 50 million to HKD 60 million for the year ending June 30, 2025, compared to a loss of approximately HKD 8.629 million in the previous year. The increase in loss is mainly attributed to a fair value loss of approximately HKD 20 million on financial liabilities measured at fair value, and the absence of a recovery of bad debts of approximately HKD 26.772 million from other receivables recorded in the previous year. This news has raised market concerns about the company's future profitability, leading to increased stock price volatility.
    
2.  On September 23, National United Resources issued a profit warning, expecting a loss attributable to shareholders of approximately HKD 50 million to HKD 60 million for the year ending June 30, 2025, compared to a loss of approximately HKD 8.63 million in the previous year. The increase in loss is mainly due to a fair value loss of approximately HKD 20 million on financial liabilities measured at fair value; and the absence of a recovery of bad debts of approximately HKD 26.772 million recorded in the previous year. This news has triggered investor concerns about the company's financial condition, leading to stock price volatility.
    
3.  On September 23, National United Resources announced that it expects a loss attributable to shareholders of approximately HKD 50 million to HKD 60 million for the year ending June 30, 2025, while for the year ending June 30, 2024, it recorded a loss attributable to shareholders of approximately HKD 8.629 million. The board believes that the increase in loss this year is mainly due to a fair value loss of approximately HKD 20 million on financial liabilities measured at fair value; and the absence of a recovery of bad debts of approximately HKD 26.772 million from other receivables recorded in the previous year. This news has raised market concerns about the company's future profitability, leading to increased stock price volatility. Market concerns about the company's future profitability have led to stock price fluctuations.
    

**Stocks with High Trading Volume in the Industry**

Mediacom fell 0.20%. Based on recent important news:

1.  On September 23, Guozheng International released a research report indicating that Mediacom's financial performance exceeded expectations, raising profit forecasts for 2025 and 2026, and adding a forecast for 2027, with a target price raised to HKD 20.9, maintaining a "Buy" rating. This positive analysis report has supported the stock price.
    
2.  On September 23, Mediacom's programmatic advertising platform Mintegral achieved revenue of USD 897 million in the first half of 2025, a year-on-year increase of 48.6%, becoming the main driver of the company's revenue growth. This news has boosted market confidence in the company's future growth.
    
3.  On September 23, the enhancement of Mintegral's smart bidding system has driven revenue growth in both gaming and non-gaming categories, further consolidating its market position. This move is seen as a reflection of the company's technological leadership. The internet media industry is growing rapidly and is highly competitive

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