C HIGHPRECISION (00591) dropped over 14%, falling 14.44% to HK$0.385 at the time of writing, with trading volume reaching HK$5.5259 million.

On the news front, C HIGHPRECISION announced on the evening of September 12 that the group expects to achieve a profit attributable to owners of approximately RMB 16-19 million for the year ending June 30, 2025, compared to a loss attributable to owners of approximately RMB 32.7 million in the same period of 2024.

It is worth noting that the company's previously announced interim results for the six months ended December 31, 2024 showed that in the first half of the financial year, the company achieved revenue of RMB 116 million, representing a year-on-year increase of 60.3%, while net profit reached RMB 15.81 million.