HK Stock Market Move | BEIJING N STAR (00588) fell more than 3%, expecting a net loss of at least 881 million yuan in the first half of the year, and the shareholding plan has reached the minimum amount.

BEIJING N STAR (00588) fell by more than 3%, dropping by 2.86% to HKD 0.68 as of the time of writing, with a turnover of HKD 334,600. On the news front, BEIJING N STAR recently issued a profit warning, expecting the company's net loss attributable to owners for the first half of 2026 to be between RMB 881 million and 1.08 billion, with a continuous loss compared to the same period last year. The net loss attributable to owners excluding fair value changes in investment properties is estimated to be between RMB 701 million and 860 million. Despite a significant reduction in net losses compared to the same period last year, the company still reported an overall loss due to the continuous losses in the real estate development sector balancing price and sales. On the other hand, BEIJING N STAR announced that from October 14, 2025 to July 23, 2026, the company's controlling shareholder, Beijing North Star Group, increased its holdings of the company's unrestricted tradable A shares by 26.3355 million shares through the Shanghai Stock Exchange's centralized bidding method, accounting for 0.99% of the company's A shares and 0.78% of the total share capital, with an increase of approximately RMB 45.5538 million (excluding transaction costs). Although the planned amount of the increase has been reached, Beijing North Star Group will continue to increase its holdings of the company's shares within the implementation period, based on confidence in the company's continued stable development and recognition of its value.