香港联交所最新资料显示，11月12日，新明中国(02699)股东将股票由华盛资本证券转入富德证券公 司，转仓市值156.65万港元，占比5.13%。 根据新明中国发布的2025年中期业绩，公司期内收益3314.2万元(人民币，下同)，同比下降57.9%；公司 拥有人应占亏损1.37亿元，同比收窄59.1%；每股基本亏损0.728元。 ...

根据新明中国发布的2025年中期业绩，公司期内收益3314.2万元(人民币，下同)，同比下降57.9%；公司 拥有人应占亏损1.37亿元，同比收窄59.1%；每股基本亏损0.728元。 智通财经APP获悉，香港联交所最新资料显示，11月12日，新明中国(02699)股东将股票由华盛资本证券 转入富德证券公司，转仓市值156.65万港元，占比5.13%。 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 新明中國控股有限公司（於開曼群島註冊成立之有限公司） 呈交日期: 2025年11月4日 本月底法定/註冊股本總額： HKD 100,000,000 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02699 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 93,931,100 | | 0 | | 93,931,100 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 93,931,100 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 Xinming China Holdings Limited 新明中國控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2699） 有關截至二零二四年十二月三十一日止年度的 年報所載不發表意見的更新資料 茲 提 述 新 明 中 國 控 股 有 限 公 司（「本公司」，連 同 其 附 屬 公 司，統 稱「本集團」）於 二零二五年四月三十日發佈之截至二零二四年十二月三十一日止年度的年報 （「二零二四年年報」）以 及 本 公 司 日 期 為 二 零 二 五 年 六 月 三 十 日 有 關 二 零 二 四 年 年 報 所 載 不 發 表 意 見 之 公 告（「該公告」）。除 另 有 指 明 外，本 公 告 所 用 詞 彙 與 二 零 二 四 年 年 報 及 該 公 告 所 界 定 者 具 有 相 同 涵 義。 董 事 會 謹 此 就 有 關 二 ...

Core Viewpoint - New Ming China (02699) experienced significant stock movement, with a major shareholder transferring shares worth HKD 6.5198 million, representing 13.35% of the company, to Bank of China (Hong Kong) on October 8 [1] Group 1: Stock Performance - On October 2, New Ming China's stock price plummeted over 84%, reaching a record low of HKD 0.5 during intraday trading [1] - The company had previously recorded large-scale share transfers in September, indicating unusual trading activity [1] Group 2: Company Response - In response to the unusual stock price and trading volume fluctuations, New Ming China's board confirmed that they were unaware of any significant changes affecting the company [1] - The board stated that the group's business operations remain normal and that there are no major changes in the group's business operations or financial status [1]

Core Viewpoint - New Ming China (02699) experienced significant stock movement, with a major shareholder transferring shares worth HKD 6.5198 million, representing 13.35% of the company, to Bank of China (Hong Kong) on October 8. This follows a dramatic drop in stock price, which fell over 84% to a record low of HKD 0.5 on October 2. The board confirmed that they are unaware of any significant changes in the company's operations or financial status [1][1][1]. Group 1 - On October 8, a shareholder transferred shares worth HKD 6.5198 million to Bank of China (Hong Kong), accounting for 13.35% of New Ming China's stock [1][1][1] - New Ming China's stock price plummeted over 84% on October 2, reaching a low of HKD 0.5 [1][1][1] - The board of New Ming China stated that they are not aware of any significant changes in the company's operations or financial condition [1][1][1]

Core Viewpoint - The rapid decline of New Ming China’s stock price, which fell 90% in three days, highlights the vulnerabilities of small-cap stocks in the Hong Kong market, driven by liquidity issues, concentrated shareholding, and forced selling by major shareholders [1][3][10]. Group 1: Stock Performance - New Ming China’s stock plummeted from 4.32 HKD to 0.46 HKD over three days, with a peak drop of 84.2% in a single day [1][3]. - The stock experienced a daily trading volume spike, with a turnover rate of 118.20% on October 2, indicating panic selling [6][10]. Group 2: Financial Health - The company reported a total revenue of only 33.1 million HKD for the first half of the year, a 57.9% year-on-year decline, and a significant loss of 137 million HKD attributable to shareholders [3][10]. - New Ming China’s balance sheet showed total assets of approximately 2.125 billion HKD against total liabilities of 5.822 billion HKD, indicating severe insolvency [3][10]. Group 3: Market Dynamics - The absence of a price limit mechanism in the Hong Kong market allows for unrestricted stock price fluctuations, exacerbating volatility for small-cap stocks [6][10]. - The concentrated ownership structure in many small-cap stocks means that even minor trades can lead to significant price movements, particularly when major shareholders face margin calls [4][10]. Group 4: Legal and Operational Issues - New Ming China faced multiple legal disputes, including a significant case involving a 24.68 million HKD payment owed to a construction management group, reflecting operational and financial distress [9][10]. - The company had 26 legal cases with a total amount of 43.11 million HKD, indicating ongoing financial and operational challenges [10]. Group 5: Broader Implications - The case of New Ming China is not isolated; it reflects a broader trend in the Hong Kong small-cap market where liquidity shortages and speculative trading lead to extreme volatility [10][11]. - Historical examples of similar collapses in the market underscore the risks associated with small-cap stocks characterized by poor financial health and concentrated ownership [9][10].

Core Viewpoint - The stock price of Xinyi China (02699.HK) has experienced a significant decline, dropping nearly 90% over three trading days, raising concerns among investors and stakeholders [1][4][10]. Price Movement - On October 3, Xinyi China's stock fell by 16.36%, following a drop of over 22% during intraday trading [1]. - The stock had previously plummeted by 84.2% on October 2, and on September 30, it fell over 16% [4][5]. - Cumulatively, the stock price decreased from over 4 HKD per share to below 0.5 HKD per share in three trading days [6]. Trading Volume - Trading volume surged significantly, with 24.45 million shares traded on September 30, 111 million shares on October 2, and 28.88 million shares on October 3, indicating heightened market activity [7]. - Prior to this decline, the average daily trading volume was less than 5 million shares, with an average turnover rate of 1.34% [8]. Company Announcement - The company’s board acknowledged unusual fluctuations in stock price and trading volume but stated they were unaware of any reasons for these changes or any material information that needed to be disclosed [10]. - The board confirmed that the company's business operations remain normal and that there have been no significant changes in its financial status [10]. Financial Performance - For the first half of 2025, Xinyi China reported total revenue of approximately 33.1 million RMB, a decline of about 57.9% compared to 78.7 million RMB in the same period last year [10]. - The company recorded a loss attributable to shareholders of approximately 137 million RMB, an improvement from a loss of 335 million RMB in the previous year [10]. - As of June 30, 2025, the total asset value was approximately 2.125 billion RMB, while total liabilities were about 5.822 billion RMB [10]. Debt Situation - As of the end of the first half of 2025, the company had not paid approximately 1.213 billion RMB in interest-bearing bank and other loans according to the repayment schedule, constituting a default [11].

Core Viewpoint - New Ming China (02699.HK) has experienced significant stock price declines, with a cumulative drop of nearly 90% over three trading days, raising concerns about unusual trading activity and potential underlying issues [2][3][4]. Group 1: Stock Performance - On October 3, New Ming China's stock fell by 16.36%, marking the third consecutive day of declines [2]. - The stock price dropped from over 4 HKD per share to below 0.5 HKD per share, with a peak decline of 84.2% on October 2 [3]. - Trading volume surged, with 11.1 million shares traded on October 2, compared to an average daily volume of less than 500,000 shares in the previous 30 days [3]. Group 2: Company Announcements - The company's board acknowledged the unusual fluctuations in stock price and trading volume but stated they were unaware of any reasons for these changes or any material information that needed to be disclosed [3][4]. - The board confirmed that the company's business operations remain normal and that there have been no significant changes in its financial condition [4]. Group 3: Financial Performance - For the first half of 2025, New Ming China reported total revenue of approximately 33.1 million RMB, a decline of about 57.9% from 78.7 million RMB in the same period last year [4]. - The company recorded a loss attributable to shareholders of approximately 137 million RMB, an improvement from a loss of 335 million RMB in the previous year, primarily due to reduced impairment of development properties and borrowing penalties [4]. - As of June 30, 2025, the company's total assets were approximately 2.125 billion RMB, while total liabilities were about 5.822 billion RMB, indicating a slight decrease in asset value from the end of 2024 [4].

Core Viewpoint - New Ming China (02699.HK) has experienced significant stock price declines, with a cumulative drop of nearly 90% over three trading days, raising concerns about unusual trading activity and potential underlying issues [2][3][6]. Stock Performance - On October 3, New Ming China's stock fell by 16.36%, following a drop of over 22% during intraday trading [2]. - The stock had already seen a sharp decline on September 30, closing down more than 16% after a late-session sell-off [3]. - On October 2, the stock price plummeted by 84.2%, marking a drastic decline [4]. - Over the three-day period, the stock price dropped from over 4 HKD per share to below 0.5 HKD per share [6]. Trading Volume - The trading volume surged significantly during the recent decline, with 24.45 million shares traded on September 30 (26.04% turnover rate), 111 million shares on October 2 (118.2% turnover rate), and 28.88 million shares on October 3 (30.75% turnover rate) [6]. - Prior to this decline, the average daily trading volume was less than 5 million shares, with an average turnover rate of 1.34% [6]. Company Announcement - The company's board acknowledged the unusual fluctuations in stock price and trading volume but stated they were unaware of any reasons for these changes or any material information that needed to be disclosed [8]. - The board confirmed that the company's business operations remain normal and that there have been no significant changes in its financial condition [8]. Financial Performance - For the first half of 2025, New Ming China reported total revenue of approximately 33.1 million RMB, a decline of about 57.9% from 78.7 million RMB in the same period last year [8]. - The company recorded a loss attributable to shareholders of approximately 137 million RMB, an improvement from a loss of 335 million RMB in the previous year, primarily due to reduced impairment of development properties and borrowing penalties [8]. - As of June 30, 2025, the company's total assets were approximately 2.125 billion RMB, while total liabilities were about 5.822 billion RMB [8]. Debt Situation - As of the end of the first half of 2025, the company had not made payments on interest-bearing bank and other loans amounting to approximately 1.213 billion RMB, constituting a default [9].