Huaxin Holdings (01657.HK) Hong Kong Stock Surge Analysis on December 18, 2025

Huaxin Holdings (01657.HK) is a listed company on the Hong Kong Stock Exchange. On December 18, 2025, it entered the East Money App Hong Kong Stock Market Surge List [0]. The key catalyst for this stock price fluctuation is the interim performance warning for the six months ended October 31, 2025, issued by the company on

The announcement shows that the company’s interim expected loss is no more than approximately HK$6 million, narrowing by 33.3% compared to the approximately HK$9 million in the same period of 2024. The narrowing of the loss is mainly due to the increase in revenue and gross profit from supplying clothing products [1][2]. In addition, the annual results for the period ended April 30, 2025, previously released by the company, have already shown positive signals: revenue increased by 25.1% year-on-year to HK$154 million, and the annual loss narrowed by HK$6.04 million to HK$17.15 million [1].

The performance warning was released one day before the event, providing investors with a positive signal of the company’s continuous improvement in financial conditions, which drove the stock price to rise significantly on December 18 and enter the surge list [0]. As the company is a small-cap stock, its liquidity and attention scope are relatively limited, but the recent financial improvement signals have attracted the attention of short-term investors.

1. Correlation between announcement time and market reaction
   : The performance warning was released at 18:59:23 on December 17 (UTC+8). Investors obtained this information on the morning of December 18, which directly drove the stock price surge on that day.
2. Continuity of financial improvement
   : The company not only achieved a narrowing of interim losses but also showed a trend of revenue growth and loss narrowing in its annual results, indicating positive changes in business operations.
3. Impact of small-cap stock characteristics
   : As a small-cap stock, Huaxin Holdings’ price fluctuations may be more volatile, and investors need to pay attention to liquidity risks and information asymmetry issues.

• Financial risk
  : The company is still in a loss state and has not yet achieved profitability [1][2].
• Liquidity risk
  : As a small-cap stock, there may be risks of insufficient trading volume and large price fluctuations.
• Information asymmetry risk
  : The company’s public information is relatively limited, and investors need to carefully evaluate its business prospects.

• Sustainability of financial improvement
  : If subsequent performance can continue to improve and achieve profitability, the company’s value may further increase.
• Upcoming detailed data release
  : The company will hold a board meeting on December 30, 2025, to review and approve the interim performance announcement, at which time detailed financial data will be released [3]. Investors can pay attention to relevant information to evaluate the company’s prospects.

This analysis is based on the Hong Kong Stock Surge List data on December 18, 2025, and the company’s performance announcements. The core conclusions are as follows:

• Huaxin Holdings (01657.HK) entered the Hong Kong Stock Surge List on December 18 due to the interim loss narrowing warning released on December 17.
• The company’s financial condition continues to improve, with revenue growth and loss narrowing, but it is still in a loss state.
• Investors need to pay attention to the liquidity risks and information asymmetry issues of small-cap stocks, and keep an eye on the detailed interim performance data to be released on December 30.