JINGCHENG MAC

Beijing Jingcheng Machinery Electric closed at HKD 3.13, up 2.96% intraday, recovering from an open of HKD 3.02 in the morning session, peaking at HKD 3.23 in the afternoon before retreating. Q1 revenue edged up 1.36% YoY to HKD 351 million, but net loss widened to HKD 36.5 million, with EPS of -HKD 0.068 deteriorating 217.58% YoY, extending the loss-making trend from Q4. The company recently completed board reshuffles and executive compensation adjustments, while its subsidiary Tianhai Low Temperature faces bankruptcy liquidation proceedings by creditors. The stock trades 58.27% below its 52-week high of HKD 7.50 and is down 23.66% YTD, still below its MA20 (HKD 3.189) and MA60 (HKD 3.825), though a 7.93% distance from its 52-week low provides a short-term rebound cushion.