Zhaoke Ophthalmology (06622.HK) saw its stock price plummet by 6.51% in pre-market trading on Tuesday, following the release of its annual financial results. The sharp decline comes as investors react to the company's substantial loss for the year.
According to the financial report, Zhaoke Ophthalmology posted a loss of RMB237.5 million for the fiscal year. This significant loss appears to have shaken investor confidence, leading to the sell-off. The company also reported annual revenue of RMB69.3 million, which may have fallen short of market expectations.
The ophthalmology-focused pharmaceutical company's financial performance suggests ongoing challenges in its operations and market position. As investors digest this information, the stock's downward movement reflects concerns about the company's path to profitability and its future prospects in the competitive healthcare sector.
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