Sept 10 — Huamai Technology shares hit the daily limit-down after three consecutive limit-up sessions. The company said the share price movement reflected multiple factors including industry supply-demand and market sentiment. It flagged recent rises in optical fiber input costs for its optical cable products but said those price increases are not sustainable and may reverse, creating uncertainty for future earnings. On a reported discounted transfer by the controlling shareholder, Huamai said a

Sept 10 — Huamai Technology shares hit the daily limit-down after three consecutive limit-up sessions. The company said the share price movement reflected multiple factors including industry supply-demand and market sentiment. It flagged recent rises in optical fiber input costs for its optical cable products but said those price increases are not sustainable and may reverse, creating uncertainty for future earnings. On a reported discounted transfer by the controlling shareholder, Huamai said actual controller Xu Aimin is transferring part of his holdings by agreement to repay pledged-stock financing loans and reduce pledge risk.