JINGCHENG MAC (00187) saw its stock price plummet by 5.12% during intraday trading on Wednesday, following the release of disappointing interim results for 2025 and news of a significant share transfer.

According to the company's latest financial report, JINGCHENG MAC experienced a challenging first half of 2025. The group's operating revenue decreased by 9.14% year-on-year to RMB 680 million. More alarmingly, the net loss attributable to shareholders of the listed company surged by 366.85% year-on-year, reaching RMB 15.7557 million. This translates to a basic loss per share of RMB 0.03, signaling a significant deterioration in the company's financial performance.

Adding to investor concerns, it was reported that on August 19th, JINGCHENG MAC shareholders transferred shares from Shanghai-Hong Kong Stock Connect to HSBC Hong Kong Shanghai Bank. The transfer involved shares valued at HK$57.9124 million, representing 10.36% of the company's total shares. This substantial movement of shares, coupled with the poor financial results, likely contributed to the negative market sentiment and the subsequent sharp decline in the stock price.