Huaxin Holdings (01657.HK) Hot Analysis on Hong Kong Stock Surge List

Huaxin Holdings (01657.HK) has become a hot stock on the Hong Kong Stock Surge List of the East Money App, mainly driven by its interim results forecast released on December 17, 2025 [0]. The announcement shows that for the six months ended October 31, 2025, the company’s loss is expected to narrow to no more than approximately HK$6 million, an improvement from the loss of approximately HK$9 million in the same period last year [1][2]. The key reasons for the narrowing loss include: first, the overall increase in revenue and gross profit from apparel product supply; second, the significant growth in the number of sales orders and revenue from supplying apparel products to major UK customers; third, the reduction in provisions for impairment losses on trade receivables, which has improved overall profitability [1][2]. Although data tools cannot temporarily obtain real-time price and volume data for this stock, according to the hot list information of the East Money App, it shows a surge in the Hong Kong stock market, reflecting the market’s positive expectations for the company’s performance improvement [0].

1. Impact of results forecast on market sentiment
   : The company’s interim results forecast of narrowing losses has become a direct catalyst for the stock price surge, reflecting the high sensitivity of the Hong Kong stock market to marginal improvements in the performance of small and medium-sized listed companies [0][1][2].
2. Customer concentration risk deserves attention
   : The company’s performance improvement significantly relies on the order growth of major UK customers. If the customer’s orders decrease or the cooperative relationship changes in the future, it will have a greater impact on the company’s revenue and profits [1][2].
3. Profit turning point still needs verification
   : Although the loss has narrowed, the company has not yet achieved profitability. Follow-up attention should be paid to the details of the results approved by the board of directors on December 30 and the disclosure of complete financial data to judge the sustainability of profit improvement [1][2].

• Risks
  : The company is still in a loss-making state and has not yet achieved profitability; customers are highly concentrated on major UK customers, with customer concentration risks; lack of real-time price and volume data makes it difficult to fully evaluate short-term fluctuations and the sustainability of the rise [0][1][2].
• Opportunities
  : The recovery of the apparel product sales business and the growth of core customer orders provide a basis for the company’s future profit improvement; if new customers or markets can be expanded, customer concentration risks can be reduced and performance stability can be further improved [1][2].

Huaxin Holdings (01657.HK) has become a hot stock on the Hong Kong Stock Surge List due to the interim results forecast of narrowing losses, and the market has reacted positively to its performance improvement. The narrowing loss is mainly due to the growth in apparel business revenue, the increase in orders from major UK customers, and the reduction in impairment provisions. Although the company faces the risks of customer concentration and non-profitability, the marginal improvement in performance provides potential space for future development. It is recommended to pay attention to the subsequent disclosure of complete results and business expansion to fully evaluate the company’s value.