---
title: "Hong Kong Stock Movement: MAJOR HLDGS fell 16.00%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/258632819.md"
description: "MAJOR HLDGS fell 16.00%; Dongfang Zhenxuan fell 3.03%, with a transaction volume of HKD 334 million; Guoquan fell 0.32%, with a transaction volume of HKD 18.56 million; Youbao Online had a transaction volume of HKD 13.1 million; Baiguoyuan Group rose 4.88%, with a market value of HKD 2.648 billion"
datetime: "2025-09-24T05:56:46.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/258632819.md)
  - [en](https://longbridge.com/en/news/258632819.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/258632819.md)
---

# Hong Kong Stock Movement: MAJOR HLDGS fell 16.00%

**Hong Kong Stock Movement**

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

Guoquan fell 0.32%. Based on recent important news:

1.  On September 23, Guoquan Food significantly improved production efficiency and food safety standards through a digital production process system. This technological advancement shortened the fermentation cycle of sour soup to 7 days, enhancing flavor consistency and scalable production conditions, driving stock price fluctuations. Data source: Titanium Media.
    
2.  On September 22, Guoquan Food was included in the S&P Global BMI Index, increasing market attention and investor confidence, affecting stock price fluctuations. Data source: Company announcement. Industry technological advancements and index inclusion impact.
    

Youbao Online had a trading volume of HKD 13.1 million. According to recent important news:

1.  On September 21, Youbao Online announced the signing of a placement agreement with the placement agent, with an issue price of HKD 2.45, approximately 16.95% lower than the closing price of HKD 2.95 on September 19. This led to stock price fluctuations as the market reacted strongly to the discount on the placement shares.
    
2.  On September 22, Youbao Online raised HKD 386 million through a private placement, with the funds used to supplement working capital, optimize capital structure, and for general corporate purposes. This further impacted the stock price as investors focused on the use of funds and changes in shareholder ownership.
    
3.  On September 21, Youbao Online announced its half-year financial report, with revenue down 3.1% year-on-year, but losses narrowed by 61.9%. The report showed the company made progress in optimizing its locations, and the market held a positive attitude towards its profitability improvement. Industry competition intensified, and capital flow was significant.
    

**Stocks with High Market Capitalization in the Industry**

Baiguoyuan Group rose 4.88%, with a market capitalization of HKD 2.648 billion. Based on recent key news:

1.  On September 21, Baiguoyuan Group announced the placement of 279.5 million new H shares, with a placement price of HKD 1.17 per share, a discount of 19.31% compared to the previous closing price, raising HKD 327 million. This move aimed to alleviate debt pressure and supply chain disruption risks, boosting market confidence in the short term and driving stock price up.
    
2.  On September 22, Baiguoyuan Group announced that its revenue in the first half of 2025 decreased by 21.8% year-on-year, with a net loss attributable to the parent company of HKD 342 million, and a reduction of 27% in the number of stores. Despite the pressure on performance, the company raised funds through the placement of new shares, demonstrating proactive self-rescue measures, and the market reacted positively.
    
3.  On September 22, industry analysis pointed out that Baiguoyuan faces challenges in supply chain efficiency and channel structure, needing to find a balance between heavy assets and light operations, and increase the proportion of online channels. Despite facing competitive pressure, the company still has advantages in its full industry chain layout, and the market holds a cautiously optimistic attitude towards its future development. Competition in the fruit retail industry is intensifying, and technological innovation is key

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