On September 30, ZHIDA TECH fell 8.22% in regular trading, trading at 6.935 HKD/share, with turnover of approximately HKD 113 million. The stock has now posted three consecutive sessions of sharp losses following the completion of its share placement.

The company completed the placing of approximately 23.67 million new H-shares on September 25 at HKD 8.77 per share, raising net proceeds of about HKD 203 million. The placement expanded total issued shares from 318 million to 342 million, diluting public shareholders from 32.90% to 30.62%. The current price of 6.935 HKD now represents a discount of approximately 20.9% to the placement price, significantly deepening losses for placees and intensifying near-term selling pressure.

Compounding the dilution overhang, the company reported a first-half net loss of approximately RMB 117 million, a 288.5% year-over-year increase, as domestic revenue declined amid fierce price competition. While overseas revenue surged 73.2% to RMB 101 million, it was insufficient to offset domestic weakness, with total revenue falling 13.3% to RMB 340 million.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)