ZHONGGAN COMM (02545) plunged over 12%, and as of press time, the stock was down 12.5% to HK$0.63 with a turnover of HK$2.9001 million.

On the news front, ZHONGGAN COMM issued a profit warning, expecting that the group's profit attributable to equity shareholders for the interim period (six months ended June 30, 2025) will not exceed RMB 5 million, compared to approximately RMB 18.6 million for the same period last year.

The board believes that the expected decrease in profit attributable to equity shareholders is mainly due to the substantial completion of several major telecommunications infrastructure service projects in the first half of 2025, and limited initial orders from customers for newly awarded telecommunications infrastructure service projects, resulting in an overall reduction in construction work; as well as a decrease in the number of contracts obtained for software solution service projects, leading to reduced revenue and gross profit generated from digital solution services.