On September 4, SHENZHOU INTL rose 3.13% in regular trading, trading at HK$37.56/share, with turnover of HK$115 million.
On the news front, exchange filings show that Executive Director and Chairman Ma Jianrong purchased 5.6 million shares on September 1 at an average price of HK$36.1436 per share, involving approximately HK$202 million. Following the purchase, his stake rose from 42.59% to 42.96%, bringing total holdings to approximately 645.8 million shares. The transaction was conducted via Splendid Steed Investments Limited, his investment vehicle.
Notably, the purchase occurred near the stock's 52-week low of HK$34.94, sending a strong signal of management confidence in the company's medium-to-long-term value. The company had earlier reported a challenging first half, with net profit attributable to owners declining approximately 40% year-over-year to RMB 1.905 billion, weighed by higher raw material and labor costs, RMB appreciation, and softer demand. Multiple investment banks including Nomura, CICC, and Bank of America maintained buy or outperform ratings post-results, noting that the current valuation of roughly 10x PE and dividend yield above 7% largely reflects the negatives, with order momentum expected to improve sequentially in the second half.
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