Changes in Hong Kong stocks | China Exemption (01880) rebounded by more than 3%, and the company once again officially announced a change of direction, and the results for the third quarter are still under pressure

The Zhitong Finance App learned that China's free trial (01880) rebounded by more than 3%. As of press release, it rose 3.48% to HK$50.6, with a turnover of HK$71.2561 million.

According to the news, China's official government issued an announcement stating that the company's chairman and vice chairman underwent changes at the same time. Among them, Fan Yunjun was elected as the chairman of the board and Liu Kun was elected as the vice chairman. Recently, the board of directors of the company received a written resignation report submitted by Wang Xuan, and Wang Xuan resigned as chairman. Meanwhile, on September 19, Chen Guoqiang resigned as Vice Chairman of the Chinese People's Republic of China. It is worth mentioning that this is the third time in two years that the company has changed its chairman.

China Free recently released a quick report on results for the first three quarters of 2024. The group obtained total operating revenue of RMB 43,021 billion (same unit), a year-on-year decrease of 15.38%; net profit attributable to shareholders of listed companies was 3.92 billion yuan, a decrease of 24.7% year-on-year. According to estimates, the company achieved profit of 638 million yuan in a single quarter in the third quarter, a year-on-year decrease of 52%. In the first three quarters of 2024, the gross margin of the company's main business was 32.57%, an increase of 1.09 percentage points over the previous year.