Changes in Hong Kong stocks | Shuangdeng Shares (06960) fell by more than 4%. Tax payments and exchange losses dragged down performance and is expected to turn a profit and loss of up to 30 million yuan in the first half of the year

The Zhitong Finance App learned that Shuangdeng Shares (06960) fell by more than 4%, hitting a new low of HK$7.17 since listing. As of press release, it decreased by 3.74% to HK$7.2, with a turnover of HK$2.352,700.

According to the news, on the evening of July 15, Shuangdeng Co., Ltd. announced that it is expected to make a period loss of about RMB 20 million to RMB 30 million in the first half of this year, while it will make a profit of about RMB 160 million in the same period last year. According to the announcement, the change in profit and loss during the period was mainly due to further sorting out a number of historical tax matters. It is estimated that the relevant taxes and fees will be paid about 80 million yuan, which will have a significant impact on profits; due to fluctuations in the exchange rate between RMB and related foreign currencies, exchange losses of about 56 million yuan, as well as export tax rebate policy adjustments, rising prices of some major raw materials, and increased R&D investment, also had a certain impact on profits.