On June 2, Jinhui Holdings (09993.HK) fell 5.7% in regular trading, trading at HKD 1.54/share, with trading volume of approximately HKD 33.85 million.

The decline continues the stock's correction trend following the retreat of speculative capital. The stock had previously hit a record low of HKD 0.85 before staging a sharp rebound driven by short-term speculative funds. That momentum has since faded, resulting in sustained price pullbacks. On the industry front, real estate data remains weak, with nationwide property development investment falling 13.7% year-over-year during January to April, while April home prices across 70 cities saw year-over-year declines widen to 3.5%, reflecting persistently subdued homebuyer sentiment.

Company fundamentals show no signs of improvement. Auditor Ernst & Young has resigned and issued a disclaimer of opinion regarding the company's ability to continue as a going concern. The company reported a full-year net loss of RMB 7.939 billion with elevated debt levels, while independent non-executive director Zhong Chuangxin will also step down effective from the annual general meeting.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)