Shares of Rongta Technology (Xiamen) (HKG:9881) plummeted 5.91% during Tuesday's intraday trading session, extending its earlier losses. The stock's sharp decline comes as the company reported disappointing financial results for the first half of 2025.

According to a filing with the Hong Kong Stock Exchange on Monday, Rongta Technology swung to a loss in the first half of 2025. The automatic identification and data capture firm reported a loss attributable to owners of the company of 6.4 million yuan, a significant reversal from the 14.4 million yuan profit recorded in the same period last year.

The company's financial performance deteriorated across key metrics. Revenue fell to 145.6 million yuan from 162.5 million yuan in the prior-year period. Loss per share came in at 0.08 yuan, compared to earnings per share of 0.18 yuan a year earlier. Adding to investor disappointment, the board declared no dividend for the period. The market's negative reaction to these results suggests growing concerns about Rongta Technology's near-term prospects and profitability.