Understanding the Market | CONCORD HC GP fell over 5%, hitting a new low since its listing, and the company has been removed from the Hong Kong Stock Connect
CONCORD HC GP fell over 5%, with the stock dropping more than 9% during intraday trading, hitting a low of HKD 3.29, a new low since its listing. By the close, it had decreased by 5.52%, reporting HKD 3.42, with a trading volume of HKD 23.7513 million. On the news front, the Shanghai Stock Exchange and Shenzhen Stock Exchange recently announced that CONCORD HC GP has been removed from the list of Hong Kong Stock Connect eligible stocks, effective from September 8. According to the Hong Kong Stock Exchange data, CONCORD HC GP currently has a Stock Connect holding ratio as high as 38.22%. The mid-term performance disclosed by CONCORD HC GP for 2025 showed that the company achieved revenue of approximately HKD 200 million in the first half of the year, a year-on-year decrease of 8.3%; the loss attributable to the company's owners was approximately HKD 177 million, a year-on-year narrowing of 2.9%
According to Zhitong Finance APP, CONCORD HC GP (02453) closed down over 5%, with the stock at one point dropping more than 9% during the day, hitting a low of HKD 3.29, a new low since its listing. By the close, it fell 5.52% to HKD 3.42, with a trading volume of HKD 23.7513 million.
On the news front, the Shanghai Stock Exchange and Shenzhen Stock Exchange recently announced that CONCORD HC GP has been removed from the Hong Kong Stock Connect eligible list, effective from September 8. According to the Hong Kong Stock Exchange data, CONCORD HC GP currently has a holding ratio of 38.22% in the Hong Kong Stock Connect. The mid-term performance disclosed by CONCORD HC GP for 2025 showed that the company achieved revenue of approximately HKD 200 million in the first half of the year, a year-on-year decrease of 8.3%; the loss attributable to the company's owners was approximately HKD 177 million, a year-on-year narrowing of 2.9%
