Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Huijing Holdings Company Limited ( (HK:9968) ) just unveiled an announcement.
Huijing Holdings has updated investors on its efforts to resolve a disclaimer of opinion on its financial statements by highlighting progress in project delivery and operational restructuring. The company has completed delivery of pre-sold units at its Heyuan project and Phase VI villas at Shatian Kailun Bay, allowing it to recognize related revenue for the 2025 financial year.
Management has pushed through phased cost-cutting since late 2025, consolidating key positions and reducing the group’s headcount from 153 to 107, which has lowered staff costs by about 48%. These measures, alongside rent collection and recovery of historical receivables, are designed to support working capital while the group maintains sufficient liquidity for day-to-day operations.
Huijing is also actively negotiating with creditors on debt-reduction and restructuring options, including potential asset-for-debt and equity-for-debt arrangements, extensions, and refinancing. It has already reached a consensus with creditors on the Heyuan project and is discussing a land-backed restructuring plan, which, once finalized, is expected to clarify its balance sheet and help address the auditor’s disclaimer of opinion against the backdrop of a recovering Chinese economy.
The most recent analyst rating on (HK:9968) stock is a Hold with a HK$0.02 price target. To see the full list of analyst forecasts on Huijing Holdings Company Limited stock, see the HK:9968 Stock Forecast page.
More about Huijing Holdings Company Limited
Huijing Holdings Company Limited is a Cayman Islands-incorporated property developer listed in Hong Kong that focuses on real estate projects in mainland China. The group’s portfolio includes residential developments such as the Heyuan project and Shatian Kailun Bay, and it also generates recurring income from rental properties and industrial plants, reflecting a concentration on the PRC property market.
Average Trading Volume: 2,167,859
Technical Sentiment Signal: Buy
Current Market Cap: HK$131.4M
See more data about 9968 stock on TipRanks’ Stock Analysis page.