--- title: "Hong Kong stock movement: MOKINGRAN plummets 21.03%, profit warning and concerns over financial health trigger market panic" type: "News" locale: "en" url: "https://longbridge.com/en/news/277551198.md" description: "MOKINGRAN fell 21.03%; Lao Pu Gold fell 5.67%, with a transaction volume of HKD 408 million; Anta Sports fell 2.53%, with a transaction volume of HKD 198 million; Shenzhou International fell 1.46%, with a transaction volume of HKD 179 million; Prada fell 1.37%, with a market value of HKD 110.2 billion" datetime: "2026-03-03T02:37:46.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277551198.md) - [en](https://longbridge.com/en/news/277551198.md) - [zh-HK](https://longbridge.com/zh-HK/news/277551198.md) --- # Hong Kong stock movement: MOKINGRAN plummets 21.03%, profit warning and concerns over financial health trigger market panic **Hong Kong Stock Movement** MOKINGRAN fell 21.03%. Based on recent key news: 1. On March 2, MOKINGRAN issued a profit warning, expecting a significant decline of 50% to 59% in the profit attributable to shareholders for the year ending December 31 last year. The company pointed out that the decrease in net profit was mainly due to a 43% to 75% increase in losses from Au(T+D) contracts and gold leasing, leading to a sharp drop in stock price. 2. On March 1, MOKINGRAN further confirmed that its profits for the fiscal year 2025 would decrease significantly, with losses expected to be between 898 million and 1.097 billion RMB. This news intensified market concerns about the company's financial health, resulting in a decline in stock price. 3. On March 1, although MOKINGRAN's annual revenue increased, the significant decline in profitability undermined investor confidence, putting pressure on the stock price. The volatility in the gold market has intensified, and investors need to be cautious. **Stocks with High Trading Volume in the Industry** LaoPu Gold fell 5.67%. Based on recent key news: 1. On February 28, LaoPu Gold announced a price increase of 20% to 30% for its products, aimed at maintaining gross margins and consolidating its high-end brand positioning. Citigroup and Goldman Sachs both pointed out that this price adjustment was slightly higher than market expectations, which may lead to a slowdown in demand from price-sensitive customers, but it is expected that peers will follow suit, and demand will gradually recover in the next month. 2. On February 28, following the Spring Festival, the domestic gold consumption market heated up, with several brands announcing price adjustments. LaoPu Gold saw a significant increase in sales on its Tmall flagship store, indicating strong consumer recognition and purchasing enthusiasm for the brand. 3. On February 28, analysts pointed out that LaoPu Gold's brand strength and premium capability are still not on par with international luxury brands, but its high-end positioning and pricing power in the ancient gold sector have given it a competitive advantage in the market. Gold prices are running high, and the consumption market is heating up. Anta Sports fell 2.53%. Based on recent key news: 1. On March 2, Anta's Vice President Zhu Chenye stated that sports marketing requires overall operation, and sponsorship of events and athletes is just one part of it, emphasizing the importance of product strength and sales channels. This strategic adjustment may affect market expectations for Anta in the short term. 2. On February 28, Anta's collaboration with Gu Ailing was seen as a reflection of the brand's rising global influence. Although the collaboration brought exposure value, the market remains cautious about whether it can be continuously converted into sales. 3. On March 1, a Deutsche Bank report showed that Anta's core brand online sales in January increased by 20% year-on-year, but analysts pointed out that the strong performance during the peak consumption period may not necessarily continue in the off-season, leading to cautious market sentiment regarding future growth. The adjustment in sports marketing strategy is affecting market expectations. Shenzhou International fell 1.46%. Based on recent key news: 1. On March 3, Shenzhou International recorded a cross-trade of 1 million shares at a price of HKD 61.425 per share, which was 0.7% lower than the previous closing price. This transaction involved funds of HKD 61.42 million, leading to a 0.6% drop in stock price Source: Economic Information Agency On March 2, Shenzhou International experienced a large transaction at a price of HKD 62.825, with a volume of 350,000 shares, involving HKD 21.9888 million. This large transaction has had a certain impact on market sentiment. Source: Economic Information Agency The Hong Kong stock market has been quite volatile recently and requires attention. **Stocks ranked at the top of the industry by market capitalization** Prada fell by 1.37%. Based on recent key news: On March 2, Prada's stock price dropped by 4.27%, closing at HKD 42.6. Prada is set to announce its 2025 performance on March 5, and the market holds a cautious outlook on its performance. China International Capital Corporation (CICC) expects Prada Group's revenue to grow by 8% year-on-year at fixed exchange rates for 2025, but due to the appreciation of the euro, the growth in financial report terms is only 4%. Additionally, the slowdown in retail growth for Miu Miu and the normalization of the distribution business have also impacted revenue growth. Source: Zhitong Finance The luxury goods industry faces risks from exchange rate fluctuations ### Related Stocks - [02585.HK](https://longbridge.com/en/quote/02585.HK.md) ## Related News & Research - [Paw patrol: Hong Kong airport dog unit to cover reopened Terminal 2](https://longbridge.com/en/news/289589274.md) - [GRAINS-Chicago soybeans gain on higher oil prices](https://longbridge.com/en/news/289263879.md) - [ROI-China's role in US agriculture isn't what it used to be: Karen Braun](https://longbridge.com/en/news/289177906.md) - [CBOT soybeans end modestly lower while soyoil futures climb](https://longbridge.com/en/news/289231006.md) - [GrayRobinson's National Alcohol Law Team Achieves Band 1 Ranking in 2026 Chambers USA Guide](https://longbridge.com/en/news/289506033.md)