ZHONGSHENJIANYE (02503) experienced a dramatic sell-off in early trading, plummeting over 74% at one point to reach a historic low on heavy volume. Notably, the stock had risen for six consecutive trading sessions prior to this decline, accumulating gains of approximately 70%. As of press time, the stock was down 71.36% to HK$0.57, with trading volume reaching HK$117 million.
According to public information, ZHONGSHENJIANYE operates as a general contractor or subcontractor, responsible for overall coordination and management of construction projects. The company primarily provides various construction services, including building engineering, municipal public works, foundation engineering, and specialized contracting projects.
The company's recently released interim results for 2025 showed revenue of HK$201 million for the period, representing a 46.9% year-on-year decrease. The company recorded a loss attributable to owners of HK$11.81 million, compared to a profit of HK$0.335 million in the same period last year.
The announcement indicated that the revenue decline was primarily due to fewer construction projects undertaken during the period.