The Zhitong Finance App learned that Sipney (02583) once fell more than 11%, hitting a record low of HK$41.72, which is close to falling short of the monthly high. As of press release, it decreased by 5.62% to HK$44.36, with a turnover of HK$33.776 million.
According to news, Sipney's listing is about to expire one year. According to its previous announcement, the sales ban period for controlling shareholders and pre-listing shareholders will expire on September 29. In the first half of this year, Sipni achieved revenue of 333 million yuan, an increase of 15.9% year on year; profit during the adjusted period was 99.084 million yuan, an increase of 62.9% year on year. By product, watch revenue was 237 million yuan, up 58.0% year on year, accounting for 71.0% from 52.1% in the same period last year; jewelry revenue was 97 million yuan, down 29.9% year on year, actively shrinking low gross profit jewelry in an environment of high gold prices.