JST GROUP Shares Extend Decline, Falling Over 5% Amid Widening Preferred Stock Losses

Stock News
Mar 20

JST GROUP (06687) saw its shares drop by more than 5% again, declining 5.44% to HK$18.78 at the time of writing, with a trading volume of HK$32.94 million. The decline follows the company's recent profit warning, forecasting a shift from profit to loss for the fiscal year ending December 31, 2025. The net loss attributable to equity holders is expected to range between approximately RMB 1.6 billion and RMB 1.7 billion, compared to a net profit of about RMB 12.2 million in the same period of 2024. The significant loss is primarily attributed to the issuance of convertible redeemable preferred shares. However, the group anticipates an adjusted net profit in the range of approximately RMB 180 million to RMB 230 million.

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