Shareholders of SMORE International (06969) transferred shares from Hong Kong and Shanghai HSBC to Citibank with a market value of HK$6.135 billion

The Zhitong Finance App learned that the latest data from the Hong Kong Stock Exchange shows that on April 15, shareholders of Smore International (06969) transferred shares from Hong Kong and Shanghai HSBC to Citibank, with a market value of HK$6.135 billion, accounting for 8.15%.

According to an announcement issued by Smore International, the group obtained profit after tax of RMB 192 million for the three months ended March 31, 2025, a year-on-year decrease of 43.4%; total overall revenue for the period was 208 million yuan, a decrease of 32.9% over the previous year. The decline in net profit was mainly due to an overall increase in administrative expenses, distribution and sales expenses, and R&D expenses compared to the same period last year.