Hong Kong Exchanges and Clearing Limited data reveals a significant position change for STERLING GP (01825) on August 11, with a total transfer market value of HKD 42.614 million, representing 23.35% of the company's shares.

A shareholder transferred 2.898 million shares to KGI Securities Asia and moved 4.2552 million shares from UBS Securities Hong Kong.

STERLING GP reported its annual results for the fiscal year ending March 31, 2026, with revenue of approximately HKD 328 million, a decrease of 31.38% year-on-year. The net loss widened to HKD 62.279 million, an increase of roughly 9.14 times compared to the previous year, and the loss per share was HKD 173.64 cents.

The company attributed the revenue decline primarily to a reduction in sales from its largest customer, which fell by about HKD 133 million, representing a 31.6% drop from the prior year. The gross profit margin for the review period was approximately 17.1%, down from 18.3% in the same period last year, mainly due to higher tariffs borne by the group for exports to the United States.