Core Viewpoint - The stock price of Zhongshen Jianye experienced a dramatic decline after initially rising over 3%, dropping more than 76% during trading, indicating significant volatility and investor concern regarding the company's financial performance [1][3]. Company Overview - Zhongshen Jianye is the first construction general contracting company listed on the Hong Kong Stock Exchange in the Guangdong-Hong Kong-Macao Greater Bay Area, holding 16 qualifications including "double first-class" for construction and municipal public engineering [3]. - The company has been listed among Shenzhen's top 500 enterprises for five consecutive years [3]. Financial Performance - In the recently released 2025 interim report, Zhongshen Jianye reported revenues of 201 million yuan, a decrease of 46.9% year-on-year, and a loss attributable to shareholders of 11.81 million yuan, compared to a profit of 335,000 yuan in the same period last year, marking a significant shift from profit to loss [3]. - The company attributed the loss primarily to a reduction in the number of construction projects compared to the previous year, leading to decreased revenue, as well as impairment losses on trade and other receivables and contract assets, whereas the previous year had a reversal of impairment losses [3]. Recent Stock Activity - In July, Zhongshen Jianye's stock price surged from 0.71 HKD to a peak of 2 HKD within six days, representing an increase of over 181% [5]. - The stock price experienced a sharp decline, with a drop to 0.465 HKD during trading, reflecting a loss of over 76% from its peak [1][5].
闪崩！股价暴跌逾76%，什么情况？