On May 26, Jinhui Holdings (09993.HK) fell 5.88% in regular trading, trading at HKD 1.83/share, with trading volume of approximately HKD 62.09 million.

The decline reflects the continued unwinding of a prior speculative rally. The stock had previously plunged to a record low of HKD 0.85 before staging a multi-day rebound driven by short-term speculative capital. That momentum has now dissipated, with the stock entering a sustained pullback phase.

On the macro front, real estate industry data remains weak. January-to-April national real estate development investment fell 13.7% year-on-year, while April 70-city home prices declined 3.5% year-on-year, marking an expansion in the pace of decline. Resident medium-to-long-term loans decreased by RMB 340.8 billion in April, indicating severely depressed homebuying demand despite continued policy easing.

Company fundamentals have not improved. Former auditor Ernst & Young resigned and issued a disclaimer of opinion regarding going-concern ability. The company reported a full-year net loss of RMB 7.939 billion with elevated debt levels, reinforcing that the current price retreat reflects speculative capital withdrawal rather than any fundamental deterioration beyond what was already priced in.

(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.)