Changes in Hong Kong stocks | Xianjian Technology (01302) fell by more than 3%, and the net profit in the medium term was reduced by about 50% to 54%, and the decline in foreign exchange earnings dragged down

The Zhitong Finance App learned that Xianjian Technology (01302) fell by more than 3%. As of press release, it was down 3.45% to HK$1.4, with a turnover of HK$20.651,600.

According to the news, on the evening of August 12, Xianjian Technology issued a profit warning stating that after excluding a number of non-recurrent projects, the net profit due to owners is expected to be between 110 million and 120 million yuan for the six months ending June 30, 2026, while the same period in 2025 was about 238.5 million yuan, a year-on-year decrease of about 50% to 54%; mainly due to falling revenue and a sharp decrease in net exchange earnings.

Such non-recurrent items include share-based payment expenses, other gains and losses on financial assets that are calculated at fair value, and anticipated transaction costs relating to major transactions involving the share acquisition and issuance of convertible bonds of Beijing Huayi Shengjie Technology Co., Ltd., which the board of directors has decided not to proceed with.