Changes in Hong Kong stocks | Daikin Heavy Industries (01081) fell more than 6% to new listing low, and its stock price retreated by more than 30% in the past five trading days

The Zhitong Finance App learned that Daikin Heavy Industries (01081) fell by more than 6%, hitting a new listing low of HK$22.5. As of press release, it decreased by 6.56% to HK$22.5 million, with a turnover of HK$105 million.

In terms of news, a “false double anti-news” hit Daikin Heavy Industries hard last Friday. The company's stock price plummeted by nearly 16% in a single day. Since then, the stock price has fallen one after another, and has retreated by more than 30% in the past five trading days. According to information, this rumor is actually retreating old news of an EU anti-dumping investigation in 2020 as a press release. Citi said that the European market is critical to Daikin Heavy Industries, and it is estimated that 68.8% of revenue in 2025 will come from the European market. However, the bank pointed out that, according to the Wind Power Association, it is unlikely that Europe will implement a ban on the import of Chinese wind power equipment due to current supply shortages in Europe.

On the financial side, in the second quarter of this year, Daikin Heavy Industries experienced a year-on-month decline, with revenue of 1,346 billion yuan, a year-on-year decrease of 20.87% and a decrease of 29.44%; net profit to mother was 166 million yuan, a decrease of 47.42% year-on-year and a decrease of 61.82% month-on-month; this was mainly due to the impact of delays in the receipt of some marine products and exchange losses due to the pace of shipping.