China Hanking Holdings (03788.HK) saw its stock price plummet 5.88% during intraday trading on Friday, following the release of its annual financial results and dividend announcement late Thursday.

The company reported a net income of RMB 176 million for the fiscal year, with total revenue reaching RMB 2,484.2 million. Additionally, China Hanking declared a final dividend of HKD 0.02 per share. Despite these seemingly positive figures, the market reaction was decidedly negative.

The sharp decline in stock price suggests that investors may have been expecting stronger financial performance from China Hanking. It's possible that the reported earnings fell short of market expectations, or that the dividend payout was considered disappointing by shareholders. The mining sector's sensitivity to economic cycles and commodity prices could also be contributing factors to the negative sentiment, although specific industry-wide challenges were not mentioned in the available news.