Technology Distributors

CHANGHONG JH

CHANGHONG JH released FY2025 Q3 earnings on March 31, 2026 (BJT) with actual revenue of HKD 11.33 B and EPS of HKD 0.0427

CHANGHONG JH released FY2025 9 Months Earnings on March 31, 2026 (BJT) with actual revenue of HKD 32.5 B and actual EPS of HKD 0.1131

CHANGHONG JH released FY2025 Annual Earnings on March 31 During-Market (BJT), actual revenue HKD 43.83 B, actual EPS HKD 0.1559

CHANGHONG JH released FY2025 Q4 earnings on March 31 During-Market (BJT), actual revenue HKD 11.33 B, actual EPS HKD 0.0427

CHANGHONG JH to Release FY2025 Earnings on March 31 During-Market BJT

CHANGHONG JH released FY2025 Q1 earnings on August 12 (BJT), actual revenue HKD 10.58 B, actual EPS HKD 0.0352

CHANGHONG JH released FY2025 Q2 earnings on August 12 During-Market (BJT), actual revenue HKD 10.58 B, actual EPS HKD 0.0352

CHANGHONG JH released FY2025 Semi-Annual Earnings on August 12 During-Market (BJT), with actual revenue of HKD 21.17 B and EPS of HKD 0.0704

CHANGHONG JH to Release FY2025 Semi-Annual Earnings on August 12, 2025 (BJT)

CHANGHONG JH released FY2024 9 Months Earnings on March 28 (BJT), actual revenue 29.64 B HKD, actual EPS 0.1057 HKD

CHANGHONG JH released FY2024 Q3 earnings on March 28 (BJT), actual revenue 10.35 B HKD, actual EPS 0.0417 HKD

CHANGHONG JH released FY2024 Q4 earnings on March 28 After-Market (BJT), actual revenue 10.35 B HKD, actual EPS 0.0417 HKD

CHANGHONG JH released FY2024 annual earnings on March 28 After-Market (BJT), actual revenue 39.99 B HKD, actual EPS 0.1475 HKD

Changhong Jiahua Announces 2024 Financial Results with Revenue of Approximately HKD 39.986 Billion, Up 7.58% Year-on-Year

CHANGHONG JH to Release FY2024 Annual Earnings on March 28 After-Market BJT

Changhong Jiahua releases 2024 interim performance

Changhong Jiahua Releases 2023 Annual Performance, Revenue of HKD 37.171 Billion, Year-on-Year Decrease of 3.04%

CH DEMETER FIN

FAMEGLOW

LUEN THAI

NEW GONOW RV

REF HOLDINGS

PARADISE ENT

WEBX HOLDING

HAICHANG HLDG

BEST FOOD HLDG

INTELLIMARK W27

03991

Changhong Jiahua Holdings Ltd. has restructured its board nomination committee to comply with the updated Corporate Governance Code in Hong Kong, effective July 1, 2025. The new members, executive director Su Huiqing and independent non-executive director Meng Qingbin, will enhance oversight of director appointments and succession planning, aiming to improve governance and transparency for shareholders. The company is listed on the Hong Kong Stock Exchange under stock code 3991, with a current market cap of HK$2.62 billion.

Tip Ranks

Changhong Jiahua Reshapes Nomination Committee to Meet New Governance Code

Changhong Jiahua Holdings Ltd. has provided an update on its proposed privatisation and delisting from the Hong Kong Stock Exchange. The process is currently delayed due to pending approvals from the Sichuan Provincial Development and Reform Commission and the Sichuan Provincial Department of Commerce, despite having obtained approval from the Mianyang City SASAC. The timeline for the privatisation remains uncertain as the offeror, Hongtu Investment, continues to work on fulfilling regulatory conditions.

Changhong Jiahua updates market on regulatory hurdles to privatisation and delisting

CHANGHONG JH announced its full-year results for the year ended December last year, with a revenue of 43.826 billion yuan, an increase of 9.6% year-on-year. The net profit was 401 million yuan, an increase of 5.7% year-on-year; earnings per share were 15.59 cents. No dividend was declared, compared to a final dividend of 5 Hong Kong cents for the same period last year

AASTOCKS

"Performance" CHANGHONG JH's annual net profit is 401 million yuan, an increase of 5.7%, no dividend declared

The privatization process of CHANGHONG JH is still in the approval stage, having only received approval from the State-owned Assets Supervision and Administration Commission of Mianyang City. Other key regulatory approvals, including those from the Sichuan Provincial Development and Reform Commission, the Sichuan Provincial Department of Commerce, and the State Administration of Foreign Exchange, have not yet been completed. The privatization proposal was announced on September 22 of last year, with plans to delist through a contractual arrangement

CHANGHONG JH's privatization process is still in the approval stage

Changhong Jiahua Holdings Ltd. has provided a regulatory update regarding its proposed privatisation and delisting from the Hong Kong Stock Exchange. The company and its controlling shareholder have received some approvals but still face outstanding regulatory pre-conditions. They caution shareholders and potential investors about trading the company's shares until all conditions are met. The latest analyst rating for the stock is a Hold with a price target of HK$1.00.

Changhong Jiahua Provides Regulatory Update on Privatisation and Planned Delisting

CHANGHONG JH (3991.HK) continuously refreshed its intraday low yesterday, maintaining a weak technical pattern throughout the day. There was a slight increase in volume during the early trading session, but the momentum for intraday rallies was limited, with a prevailing wait-and-see atmosphere dominating the market. As one of the technology growth concepts, the stock has recently lacked sector catalysts, and the overall inflow of Hong Kong technology stocks has been weak, with a noticeable depletion of confidence among major players. The stock price has been fluctuating around the low of HKD 1.10, and it is highly susceptible to intraday emotional influences. 

In terms of news, institutional focus is concentrated on the industry uncertainties brought about by the escalation of Sino-U.S. technology friction. Although the AI and semiconductor sectors have occasionally been active, the actual benefits to the PC and electronic distribution businesses are limited. Additionally, the overall valuation of Hong Kong technology companies continues to be under pressure, and there is insufficient desire for foreign and public funds to increase their positions. The rotation of overseas technology mainlines and the reduced stability of U.S. dollar liquidity have both affected the speed of capital inflow into Hong Kong and China technology stocks. 

From a technical perspective, the MACD has turned down multiple times, and the stock price is close to the lower Bollinger Band, indicating a clear lack of bullish signals in the short term. The HKD 1.10 level has become a critical line for the market; if it breaks down with increased volume or if there is insufficient buying support, the downward space will be further opened. Resistance for a rebound is at the HKD 1.15 area. Historical experience shows that without sudden news to activate speculation, short-term oversold rebounds are unlikely to last, and the market is primarily characterized by oscillating and probing for a bottom

Technical Forecast

Morning Trend | CHANGHONG JH is bottoming out at a low level, will funds dare to follow?

CHANGHONG JH (3991.HK) rose slightly yesterday, with multiple instances of low-volume fluctuations at high levels during the session, reflecting that while there is a positive layout willingness from the overall market funds, an effective synergy has yet to form. The IT distribution sector has seen some recovery in the past two days, driven by leading companies, with some lower-tier stocks also strengthening, but the overall market activity remains limited. On the policy front, promotional policies for consumer electronics in multiple regions have provided temporary benefits to the sector, but have not yet translated into substantial sales and significant performance contributions. The short-term increase is mainly influenced by sector rotation. The market shows that funds are gradually entering through batch low absorption, but the main players still maintain a wait-and-see attitude. 

From a technical perspective, the daily pattern remains in a bullish arrangement, with stock prices stabilizing above the main support line. The intraday fluctuations have been mild, with the main players primarily engaging in low absorption and cautious rotation, and the sector lacks obvious breakout momentum. Overall, the current sector is moving slowly with low-level rotations. If the subsequent trading volume cannot effectively expand, the possibility of high-level pullbacks still exists. It is recommended to pay attention to transaction matching and changes in closing orders, and to flexibly adjust positions to respond to subsequent volatile market conditions

Morning Trend | CHANGHONG JH (3991.HK) Shrinks Volume and Consolidates, IT Distribution Patiently Recovers

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According to the announcement from CHANGHONG JH, the new financial company SOMERLEY CAP, which can conduct regulated activities under Class 1 (securities trading) and Class 6 (advising on corporate finance) of the Securities and Futures Ordinance, has been appointed as an independent financial advisor to provide advice to the independent board committee regarding the proposals and plans. This appointment has been approved by the independent board committee in accordance with Rule 2.1 of the Takeovers Code

Zhitong

SOMERLEY CAP

CHANGHONG JH appointed SOMERLEY CAP as an independent financial advisor

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On September 23, 2025, the investment log of Hong Kong listed companies is as follows: 

Category | Company 
--- | --- 
New Stock Activities | Botai Che Lian (in IPO) 
 | Xipuni (in IPO) 
 | Zijin Gold International (in IPO) 
 | Chery Auto (pricing day) 
Different Groups | Listing Day 
Earnings Announcement Day | JBB BUILDERS 
 | Zhaoneng (Group) 
 | Shareholders' Meeting Date 
 | Xinhua Winshare 
 | PROSP INV HOLD 
 | Everbright Securities 
 | PROSP INV HOLD 
 | Huangda Fu Holdings 
 | FAMEGLOW 
 | YOURAN DAIRY 
 | Jinshi Holdings Group 
 | Haitong Securities 
 | YGM TRADING 
Suspension and Resumption | CHANGHONG JH (resumption) 
Dividends | Tian Ge Interactive (ex-dividend date) 
 | KLN (dividend date) 
 | COSCO SHIPPING Holdings (ex-dividend date) 
 | Anta Sports (dividend date) 
 | Yisheng Biotechnology (dividend date) 
 | Tai Hing Group (ex-dividend date) 
 | Long Ji Group (dividend date) 
 | Chow Tai Fook (ex-dividend date) 
 | Junjie Group Holdings (ex-dividend date) 
 | AIA Group (dividend date) 
 | Kerry Properties (dividend date) 
 | Sunrise Enterprises (dividend date) 
 | China Biologic Products (dividend date) 
 | SF REIT (dividend date) 
 | CLP Holdings (dividend date) 
 | China Lilang (dividend date) 
 | China Lilang (dividend date) 
 | Yum China (dividend date) 
 | Gao Sheng Group Holdings (ex-dividend date) 
 | TAI CHEUNG HOLD (dividend date) 
 | Zhonghui Group (ex-dividend date)

CHANGHONG JH(03991.HK)