Hexing Packaging Terminates Longyao Smart Eco-Friendly Packaging Industrial Park Project and Disposes of Assets

Industry

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Hexing Packaging announced the termination of the Longyao Smart Eco-Friendly Packaging Industrial Park project and the disposal of related assets. Today, the three major A-share indices closed lower collectively, with the Shanghai Composite Index falling below the 3,900-point mark. Total market turnover for the day was approximately 2.42 trillion yuan, shrinking by over 160 billion yuan from the previous trading day. On the sector front, concepts such as hyperbaric oxygen chambers, pork, and short drama games led the gains, while SMIC, memory chips, and advanced packaging were among the biggest decliners. In terms of institutional activity, a total of 22 stocks received buy ratings from institutions today. Among them, Ruida Futures had the highest upside potential, with Guotai Hai'an Securities setting a target price of 41.11 yuan, implying an upside of 117.51 percent. According to the Dragon and Tiger list, Huatian Technology topped the list with net institutional purchases of 348 million yuan, while JCET saw net institutional sales of 203 million yuan, though it also attracted net northbound capital inflows of 218 million yuan. Key evening announcements also included Moore Threads expecting first-half revenue of between 1.65 billion and 1.75 billion yuan, representing year-on-year growth of 135.12 percent to 149.37 percent, and Rongsheng Petrochemical's controlling subsidiary planning to invest 19.6 billion yuan in a refining and chemical integration project upgrade.

Xiamen Hexing Packaging Printing Co Ltd ▼