XIZHI TECH-P's stock plummeted 6.64% during intraday trading on Thursday, following the resumption of trading after a morning halt.
The sharp decline came after the company's board of directors announced it would not recommend a dividend payment for the financial year ending December 31, 2025. This decision was disclosed just before trading resumed in the afternoon session.
The absence of a dividend for the 2025 fiscal year likely disappointed income-focused investors, leading to immediate selling pressure upon the stock's return to the market.