On June 1, Jinhui Holdings (09993.HK) fell 5.92% in regular trading, trading at HKD 1.59/share, with trading volume of approximately HKD 99.43 million. The decline reflects the continued unwinding of a prior speculative rally.

On the news front, the stock had plunged to an all-time low of HKD 0.85 on May 14 before staging a sharp rebound driven by speculative capital. That momentum has since faded, with the stock entering a sustained pullback. Industry data remains weak, with national real estate development investment falling 13.7% year-on-year in January-April, while April housing prices across 70 cities saw year-on-year declines widen to 3.5%, reflecting persistently subdued homebuyer sentiment.

The company's fundamentals show no material 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. Independent non-executive director Zhong Chuangxin has also announced his retirement, further adding to governance concerns.

(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.)