Hong Kong Stock Movement: POLYFAIR HLDGS' resumption of trading fails to stop the decline, with massive losses and industry weakness severely impacting the stock price by 17.14%

Hong Kong Stock Movement

POLYFAIR HLDGS fell 17.14%. Based on recent key news:

1. On November 3, POLYFAIR HLDGS announced a net loss of HKD 130 million for the year ending March 31, compared to a net profit of HKD 1.237 million in the same period last year; loss per share was 16.16 cents, and no final dividend was declared. Revenue was HKD 240 million, down 44.4%, mainly due to the completion of numerous projects last year; gross loss was approximately HKD 83.283 million, while gross profit in the same period last year was HKD 24.127 million; gross loss margin was 35.1%, compared to a gross profit margin of 5.6% last year; pre-tax loss was HKD 132 million, while pre-tax profit in the same period last year was HKD 1.987 million. The company's shares have been suspended from trading on the Stock Exchange since July 2 and will remain suspended until further notice. This news led to a significant drop in the stock price.

2. On November 4, POLYFAIR HLDGS resumed trading. The company's shares resumed trading at 9:00 AM. Investment banks have shown low interest in this stock, with no ratings given by investment banks in the past 90 days. The resumption news failed to boost market confidence, and the stock price continued to decline.

3. On November 4, POLYFAIR HLDGS announced that it had met the resumption guidelines and had applied to the Stock Exchange for the resumption of trading of its shares starting at 9:00 AM on November 4. Despite the resumption, the stock price remained under pressure due to poor performance. The housing construction industry has recently shown weak performance, leading to insufficient market confidence.

Stocks with High Trading Volume in the Industry

Aluminum Corporation of China International rose 5.91%. Based on recent key news:

1. On November 3, Aluminum Corporation of China International announced an international patent application titled "An Aluminum Electrolytic Cell Energy Storage System," with the international publication date being October 30. The announcement of this patent may enhance market confidence in the company's technological innovation capabilities, driving the stock price up. Data source: Securities Star

2. Since the beginning of this year, the number of international patent applications announced by Aluminum Corporation of China International has decreased by 50% compared to the same period last year, but the company's investment in R&D remains significant, with an investment of HKD 284 million in the first half of 2025, a decrease of 9.98% year-on-year. Despite the reduction in R&D investment, the continuous advancement of patent applications may have a positive impact on market confidence. Data source: Qichacha

3. No other significant news recently. The number of industry patent applications has decreased, and R&D investment is significant.

Conch Venture rose 3.58%, with a trading volume of HKD 69.75 million, and there has been no significant news recently. The trading is active, with clear capital flow. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation.

China Energy Engineering Corporation rose 1.72%. Based on recent news,

1. On November 6, China Energy Construction Bochuang Green Fuel Co., Ltd. was established, with Li Bo as the legal representative. The business scope includes power generation, transmission, and supply. The company is indirectly wholly owned by China Energy Construction, driving the stock price up.

The new energy industry is performing strongly, with clear policy support Stocks Ranked Among the Top in Market Capitalization in the Industry

China Railway Group rose by 0.76%. Based on recent key news:

1. On November 5th, China Railway Group announced that as of October 31st, it had repurchased 6.9986 million shares, accounting for 0.03% of the total share capital. This move has enhanced market confidence in the company's stock, driving up the share price. Source: Zhitong Finance

2. On November 5th, China Railway Group announced that it would begin paying interest on its technology innovation perpetual corporate bonds on November 13th, with a coupon rate of 3.14%. This news indicates the company's stable financial condition, which is favorable for the stock price. Source: Zhitong Finance

3. On November 4th, market attention on China Railway Group was low, with no investment bank ratings in the past 90 days, but the company ranks 5th in the infrastructure industry, indicating a certain market position. Source: Zhitong Finance The infrastructure industry has shown stable performance recently