On June 5, Jinghui Holdings (09993.HK) fell 5.67% in regular trading, trading at HKD 1.33/share, with trading volume of approximately HKD 69.83 million.

The decline reflects a continuation of the pullback trend following the retreat of speculative capital. The stock previously hit an all-time low of HKD 0.85 on May 14 before surging sharply on speculative momentum. As short-term trading funds have exited, the stock has entered a sustained correction phase.

Fundamentally, the company remains under significant stress. 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. At the industry level, national real estate development investment fell 13.7% year-over-year during January-April, while home prices across 70 major cities continued to decline, reflecting persistently weak market demand.

(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.)