China Tungsten and Hightech Materials (SHE:000657) appointed Shen Huiming as chair, succeeding Li Zhongze, who resigned due to a work transfer, according to a weekend filing with the Shenzhen bourse.
Shares of the non-ferrous products manufacturer declined 4% in recent trade.
Hong Kong Johnson (HKG:1955) expects an 85% to 90% decline in attributable profit for the year ended March 31 from HK$16 million a year prior, according to a Friday Hong Kong bourse filing.The janitorial services provider's revenue is expected to jump between 82% and 87% from HK$1.84 billion in the prior-year period.The firm attributed the profit forecast to higher costs amid sustained geopolitical tensions and rising oil prices, as well as downward pressure on the gross profit margin of the cleaning services sector due to intense competition.
Muyuan Foods (HKG:2714, SHE:002714) sold nearly 6.9 million finished hogs in May, up 7.4% year on year, according to a Hong Kong bourse filing Friday.The average selling price of finished hogs was around 9.80 yuan per kilogram, representing a year-on-year decrease of 33%.The company generated 8.57 billion yuan in sales from finished hogs during the month, down 30% from a year prior.The lower selling price and sales revenue of finished hogs were mainly due to fluctuations in hog market conditions.
Zhongliang (HKG:2772) recorded contracted sales of around 550 million yuan in May, with a gross floor area (GFA) of 58,000 square meters, according to a Friday Hong Kong bourse filing.The property firm's average selling price for the month stood at approximately 9,500 yuan per square meter.For the five months ended May 31, contracted sales and GFA reached roughly 3.12 billion yuan and 319,000 square meters, respectively, with an average selling price of 9,800 yuan per square meter.