Bad day at Hang Seng down 1.76%.
Hang Seng Tech Index down 3.6%.
News are most lithium battery / new energy related companies had a shocking first Q, which weighted down the whole sector:
- Hunan Changyuan Lico's first quarter net profit fell by 99.69% year-on-year. SP down 20% today.
- Jiangxi Special Electric Motor first quarter net profit fell by 92.39% year-on-year. SP down 10% today.
- Xinxiang Tianli Energy Co first quarter net profit fell by 99.15% year-on-year. SP down 14% today.
- Jiangsu Azure reported first quarter loss of RMB 12.55M. SP down 10% today.
- Shinghwa Advance Material first quarter net profit expected to fall by 98% year-on-year. SP down 10% today.
- Hunan Yuneng New Energy net profit in the first quarter has dropped by 72% year-on-year. SP down 8% today.
Ganfeng is reporting on Thursday.
Good News & Bad News, page-27885
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