Shares of EASY SMART GP (02442) plummeted more than 32% in Hong Kong trading, with the stock last down 32.4% at HK$76.45, recording a turnover of HK$32.708 million.

In a profit warning issued on the evening of September 17, the company projected a loss attributable to shareholders of no more than approximately HK$32 million for the fiscal year ending June 30, 2026, a significant deterioration compared to the prior year's loss of around HK$0.5 million. The company attributed the wider losses mainly to a reduction in revenue and gross profit, as several large-scale public projects initiated before the current year have been completed or are nearing completion. Additionally, increased customer price sensitivity and intense market competition have compressed profit margins on new bids secured during the year.

Earlier, on September 14, the company announced that effective from 9:00 a.m. on October 6, 2026, the board lot size for trading its ordinary shares on the Main Board of the Stock Exchange of Hong Kong will be changed from 2,000 shares to 100 shares per lot.