Construction and Engineering

CHINA NEXT-GEN

China New Retail Supply Chain Expected to Report Up to SGD6M Loss in First Half of 2026

China New Retail Supply Chain Enters Into Placement Agreement

CHINA NEXT-GEN released FY2025 Q3 earnings on December 30 (BJT), actual revenue HKD 91.33 M, actual EPS HKD -0.0079

CHINA NEXT-GEN released FY2025 9 Months Earnings on December 30, 2025 (BJT) with actual revenue of HKD 275.18 M and EPS of HKD -0.0033

China New Retail Supply Chain Announces Increased Net Loss for FY2025

CHINA NEXT-GEN released FY2025 Q4 earnings on December 30 After-Market (BJT), actual revenue HKD 89.58 M, actual EPS HKD -0.0081

CHINA NEXT-GEN released FY2025 earnings on December 30 After-Market BJT, actual revenue HKD 365.24 M, actual EPS HKD -0.0108

CHINA NEXT-GEN to Release FY2025 Earnings on December 30 After-Market BJT

Wanjia Capital Makes Compulsory Cash Offer for China New Retail Supply Chain, Holding Increased to About 75%

CHINA NEXT-GEN released FY2025 Q1 earnings on May 30 (BJT), actual revenue HKD 91.19 M, actual EPS HKD 0.0024

CHINA NEXT-GEN released FY2025 Semi-Annual Earnings on May 30 After-Market (BJT), actual revenue HKD 183.84 M, actual EPS HKD 0.0049

CHINA NEXT-GEN released FY2025 Q2 earnings on May 30 After-Market BJT, actual revenue HKD 92.65 M, actual EPS HKD 0.0024

China New Retail Supply Chain Announces Interim Results

CHINA NEXT-GEN to Release FY2025 Semi-Annual Earnings on May 30, 2025 (BJT)

CHINA NEXT-GEN released FY2024 9 Months Earnings on December 27, 2024 (BJT) with actual revenue of HKD 231.58 M and EPS of HKD -0.0031

CHINA NEXT-GEN released FY2024 Q3 earnings on December 27 (BJT) with actual revenue of 93.15 M HKD and EPS of -0.0062 HKD

CHINA NEXT-GEN released FY2024 annual earnings on December 27 After-Market (BJT), actual revenue 329.52 M HKD, actual EPS -0.0096 HKD

CHINA NEXT-GEN released FY2024 Q4 earnings on December 27 After-Market (BJT), actual revenue 98.17 M HKD, actual EPS -0.0065 HKD

S&T Holdings to Release FY2024 Earnings on December 27 After-Market BJT

CHINA NEXT-GEN released FY2024 Q2 earnings on May 31 (BJT) with actual revenue of HKD 68.54 M and EPS of HKD 0.0015

HINSANG GROUP

RIVERINE CHINA

PASHUN INT RTS

BRAINAURORA-B

SOFTMEDX

GOLDENPOWER

ZHONGKE GROUP

VISION SYNERGY

GEMILANG INTL

GHPC

Earning Release Date

财报预告

FY2026 Semi-Annual Earning Release 2026.05.29 After-Market

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XUANZHUBIO-B(02575) fell 13.72%, with a trading turnover 72.3 Million HKD, and a year-to-date fell 39%. PAX GLOBAL(00327) fell 13.15%, with a trading turnover 76.7 Million HKD, and a year-to-date fell 26.7%. JINHAI MED TECH(02225) fell 12.12%, with a trading turnover 19.0 Million HKD, and a year-to-date rose 62.4%.

Top Gainers&Losers

XUANZHUBIO-B

PAX GLOBAL

JINHAI MED TECH

ZHIDA TECH

BUTONG GROUP

ADICON HOLDINGS

CHINA RISUN GP

DC HOLDINGS

JINXUN RESOURCE

Top 10 HK Stock Losers (3.20)

China Next-Gen Commerce and Supply Chain Limited has received shareholder approval for its Lease Service Framework Agreement with Shanghai Mitaki Culture Development Company and Seazen Holdings. The agreement, which includes annual caps for 2025, 2026, and 2027, was unanimously approved by independent shareholders. This approval allows directors to execute necessary documents for the lease framework, ensuring regulatory clarity for connected leasing transactions. The current analyst rating for S&T Holdings Ltd. (HK:3928) is a Hold with a price target of HK$11.50.

Tip Ranks

China Next-Gen Commerce and Supply Chain Wins Approval for Lease Service Framework Agreement

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WELLCELL HOLD(02477) fell 10.19%, with a trading turnover 49.2 Million HKD, and a year-to-date fell 27%. HTSC(06886) fell 8.24%, with a trading turnover 1.6 Billion HKD, and a year-to-date fell 10%. UNISOUND(09678) fell 6.48%, with a trading turnover 330.3 Million HKD, and a year-to-date fell 12.9%.

WELLCELL HOLD

HTSC

UNISOUND

ART GROUP HOLD

KUAISHOU-W

JACOBIO-B

VIVA BIOTECH

OSHIDORI

Top 10 HK Stock Losers (2.3)

China Next-Gen Commerce and Supply Chain (SEHK:3928) reported a net loss of S$1.3 million in 2H FY 2025, with revenue declining to S$29.7 million from S$32.3 million in 2H FY 2024. Despite a 61.3% average annual reduction in losses over five years, the company remains unprofitable, with a trailing net loss of S$0.9 million. The stock trades at a high P/S of 13.3x compared to the industry average of 5.4x, raising concerns about valuation risk amid ongoing losses and share price volatility. Investors are advised to consider long-term trends.

Simplywall

China Next Gen Commerce And Supply Chain (SEHK:3928) Loss Reversal In 2H Challenges Bullish Narratives

China Next-Gen Supply Chain (3928.HK) has recently shown very strong performance, with its stock price approaching the upper channel line, indicating significant pressure at short-term highs. Yesterday, the MACD formed a daily golden cross, and the short-term bullish pattern continues to strengthen, but the intraday trading volume has not seen further expansion, with some funds beginning to show a willingness to cash out at high levels, raising market caution. From a fundamental perspective, the company has made steady progress in supply chain integration and digital transformation, with good expectations for performance improvement. However, the short-term increase has been substantial, attracting some short-term arbitrage involvement. The industry policy environment is positive, but due to the previous gains being realized, profit-taking from held funds may emerge at any time. 

From a technical perspective, as the golden cross forms, the K-line approaches the upper channel line, raising higher demands for the bulls to continue their attack. If today's trading volume expands and breaks through the resistance level, there may be a continuation of the upward trend; however, if the volume remains limited or even shrinks, caution is needed for the risk of a pullback after high-level pressure, which may lead to a fluctuation back to the 10-day moving average. 

Operational advice: be cautious when chasing prices and pay attention to the risk of volume-price divergence. Those who have not yet entered should wait for signs of stabilization and renewed capital inflow, responding flexibly to sector style rotation. Holders should monitor the movements of high-level held funds and use a staggered profit-taking strategy to control risk. Although the trend has not deteriorated, the short-term volatility range may widen, and corresponding operations should maintain a defensive mindset

Technical Forecast

Morning Trend | CHINA NEXT-GEN (3928.HK) Approaching Upper Track, Short-term High Pressure Signs Obvious?

China Next-Gen Supply Chain (3928.HK) continued to decline yesterday, with weak rebounds during the session. The overall market risk appetite has significantly cooled, and major funds continue to remain on the sidelines. Small-cap retail stocks are continuously marginalized by funds, and the inter-market linkage ability is weakening, resulting in overall sluggish trading volume. There are no significant positive developments in the industry, and year-end inventory pressure combined with soft terminal consumption has led to low investor confidence. Funds are mostly flowing into defensive varieties or highly liquid stocks, with very low enthusiasm for weak sectors. The company itself also lacks new catalysts, and alternative logic is difficult to form, leading to a rapid loss of market attention. 

From a technical perspective, key indicators are weak, and the stock price remains in a phase of low-level fluctuations, with only occasional support rebounds facing strong selling pressure, and the lifespan of intraday fluctuations is very short. The trend is sluggish, and the market shows a clear risk-averse orientation. It is expected that if there is no new capital injection in the future, the probability of testing new lows again is high. Investors should remain defensive, and it is not advisable to enter the market rashly without fundamental turning point signals. It is recommended to appropriately reduce holdings in low-volatility varieties, focus on risk prevention, and wait for new thematic catalysts

Morning Trend | CHINA NEXT-GEN (3928.HK) Weakly Testing the Bottom with No Mainline Capital Support

CHINA NEXT-GEN rose 16.25%; Zhonghuan New Energy rose 0.64%, with a transaction amount of HKD 59.89 million; China Railway Group fell 0.51%, with a transaction amount of HKD 48.12 million; China State Construction International fell 0.95%, with a transaction amount of HKD 38.55 million; China Communications Construction fell 0.77%, with a market value of HKD 83.7 billion

HK Stock Alerts

Hong Kong stock movement: CHINA NEXT-GEN rises 16.25%, with significant inflow of active trading funds

CHINA NEXT-GEN(03928.HK)