Zhitong Finance APP learned that after completing the postponement of the disclosure of financial reports, Xinyang Maojian (00362) resumed trading today. At the beginning of the session, the stock price fell as low as HK$0.14, refreshing the stock price to a new low. Subsequently, the decline narrowed. As of press time, Xinyang Mao sharply fell 15.84% to HK$0.17, with a turnover of HK$0.11 billion.
On the evening of October 31, Xinyang Maojian (00362) disclosed its annual results. For the year ended 30 June 2021, the Company achieved revenue of HK$229 million, an increase of 17.85% year-on-year, and a loss attributable to owners of the Company of HK$450 million, an increase of 26.9% year-on-year. Xinyang Maojian stressed that the increase in the Group's revenue during the period was mainly due to the increase in revenue from the Heat and Power Division. The performance loss was mainly due to further provisions for related litigation claims. It is worth noting that the annual results were also issued by the auditors with a statement of non-opinion.
![Xinyang Maojian - Distinguish classification cognition[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)