Hong Kong Stock Alert | CR Holdings (01911) Rises Over 3% on Expected Mid-term Shareholders' Profit of Approximately 64.98 Million Yuan, Significant Cost Reduction Effectiveness

Stock News
08/15

CR Holdings (01911) rose over 3%. As of press time, it was up 3.31% to HK$6.56, with a turnover of HK$42.998 million. On the news front, CR Holdings recently issued a profit alert. The group expects to achieve a profit attributable to owners of approximately 64.98 million yuan for the six months ended June 30, 2025, compared to a loss attributable to owners of approximately 73.82 million yuan for the same period in 2024. The group's turnaround from loss to profit and achievement of significant profitability for the six months ended June 30, 2025, was mainly due to a substantial increase in operating profit from the group's investment management business segment, which continues to provide strong support for the group's financial performance; a significant reduction in losses at CR Securities Limited for the six months ended June 30, 2025; and significant results achieved by the group in reducing operating costs, with operating expenses significantly decreased.

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